With Manitowoc Finance, equipment can be acquired with virtually no cash outlay, and unlike traditional lending, our financial products don’t affect bank lines of credit. Our customers’ capital resources remain intact for times when they need ready access to cash.
We offer special low, competitive rates, and customers can take advantage of flexible financing options and payment schedules that are adaptable to virtually any business need. Our financing agreements can be structured to help make the best use of cash reserves and to compensate for seasonal business fluctuations: they can make lower payments when revenue drops or higher payments when business is at its peak. With Manitowoc Finance, we structure our products to put our customers in control.
Our flexible financing options let you schedule your payments to fit fluctuations in cash flow. For businesses tied to seasonal fluctuations, your equipment agreement can be structured to provide seasonal payments when you have income. And, for construction situations with fluctuating revenue streams, lower monthly payments when revenue drops and higher payments when business peaks, combined with skip payments during those really slow months, may be the best use of cash reserves. Manitowoc Finance can match cash flow to fit your income streams whether annual, semi-annual, quarterly, or monthly.
You can finance just about any piece of Manitowoc or Manitowoc-related equipment that produces income or saves time and labor including the following equipment types by Manitowoc, Grove, Potain, and National Crane.
Which is right for your business, a flexible financing structure or outright purchase? The right option for you depends on several questions and considerations revolving around your business, equipment needs, and budget requirements.
For example, what will happen to the equipment’s value? Will it appreciate or depreciate over time? What will the value be at the end of the economic lifecycle? Will the crane technology you purchase today remain functional or become obsolete before the end of its useful life? Will the crane you need now satisfy your capacity and worksite requirements 2 years in the future? What about 4 or 6 years in the future? Can your capital or credit line be better used to leverage your financial returns? Which option provides the best tax advantage to you now and in the future?
If it’s equipment that will increase in value and can be acquired without impacting your capital, consider buying it. But, most equipment needs are not so easily met, and that’s where Manitowoc Finance can help.
Manitowoc Finance’s team of construction financing professionals offer proven industry experience wrapped around the highest level of service quality. This deep commitment to our customers is the reason why we’ve been so successful providing flexible financial solutions to the construction industry. Our knowledgeable industry specialists are ready to provide you with the products and services you need to meet your business goals and keep you competitive.