Dump truck at an industrial park

Buying Equipment for your Business

June 29, 2017

Buying Equipment

The top reasons that a small business might need a loan are to purchase real estate, expand operations or purchase equipment. First Bank can provide financing for all of these needs that will allow you to outperform your competition.

Cash Flow

Equipment financing is supported by cash flow. First Bank of the Palm Beaches is willing to sit down analyze your cash flow to determine what your business can afford. Multiple equipment options might be available to you; and understanding your cash flow can assist you in the decision making process. A relationship with a community banker you can trust can make key financing decisions simple and easy.

Local Decision Making

Local knowledge of your market and your customers can make the difference in obtaining your loan or being denied. Don’t let a decision maker in some other part of the country hold your company’s fate in his or her hands. Team-up with your local bank who can help you accomplish your business goals and objectives.

The Advice

Like most things, preparation is your best friend when making large purchases for your business. Understanding what you can afford and what your full range of financing options are is important. First Bank can help in understanding lease vs. buy decisions and will also take a look at your cash flow ahead of your purchase free of charge.