There are lots of ways to source finance for business expansion, particularly when you already own valuable equipment and run a profitable business. If you are planning to expand your vending business into the big time, these finance solutions could be the way forward:
1. Lease finance
Opting for lease finance could be a wise solution for vending businesses planning to expand operations. Whether you need bigger machines with high tech capability or simply want to grow your existing vending machine operation, opting to lease equipment provides greater flexibility and helps ensure cash flow problems don’t become an issue.
Leasing helps to keep cash within your business, as you won’t have any requirement to pay a lump sum for your new vending assets. It also gives you the flexibility to bring in new equipment when you need it, rather than relying on building up a cash pot. And finally, all lease payments are tax-deductible, so your costs are actually less than quoted by your lease finance provider.
When you choose leasing to finance the expansion of your vending business, you can upgrade your equipment throughout the period of any lease, so it’s easy to keep up with all the latest tech advances in the sector.
2. Cashflow solutions
If you decide to go ahead and fund your vending business expansion with cash already in the bank, you can rely on cashflow loans to smooth any shortages further down the line. There are a number of cashflow lending solutions on the market, and they are one of the easiest ways to access cash in a hurry. That’s because the marketplace is simple, and leasing experts can help you source the best cashflow loans to suit your business.
3. Asset finance
Asset finance solutions could be another way to fund your business expansion, either via lease rental or hire purchase. Again, experts can guide you on the most cost-efficient asset finance solutions to meet your expansion requirements or provide information about alternative financing methods that could work even better.
Expanding your vending business
If you’d like to expand your vending business, but need help with finance, please get in touch, we can help. We understand business finance from the inside out, and appreciate all the issues you face with business expansion in the modern world.
To find out more about the business expansion finance we can help with, please visit our Alternative Finance page.