This blog post was written exclusively for Pool Services Technologies by small business loan provider Balboa Capital.
Here at Pool Services Technologies (PST Pools), we offer a state-of-the-art method of conserving water and providing a safer swimming experience. It’s our swimming pool mobile filtration system, and we make it available to swimming pool dealerships throughout the United States. PST Pools is excited to offer this revolutionary pool water purification system to your business, and this blog post explains how you can acquire yours with an affordable equipment financing program.
Reasons to Finance Your Mobile Filtration System
As you know, running a swimming pool business or dealership requires a significant amount of capital to purchase equipment, and pay for operating costs such as rent, employee salaries, and marketing efforts. The good news is that you can acquire a custom-built mobile swimming pool water purification trailer without using up the much-needed capital and credit lines required for daily business operation. An equipment financing program allows your pool business to get your trailer for an affordable monthly lease payment that works perfectly with your company’s budget. Some of the other key benefits of financing your pool water purification trailer include generous tax deductions under the Section 179 Provision and more attractive balance sheets. Of course, adding a mobile filtration system to your business gives you a new revenue stream and differentiate you in the marketplace. Just make sure you consult with your business accountant to see if the Section 179 deduction applies to your purchase, as every business’s situation is unique.
Depending on the financing company you choose, the entire process – from the initial application to your deal being funded – can be completed within just a few days. This is much easier than applying for a bank loan, and the approval requirements for financing are far less stringent.
Types of Equipment Financing
There are several types of equipment financing options that are available, and each of them offers unique benefits.
Fair Market Value Lease
A fair market value lease provides the lessee with several options at the end of the lease term. The lessee can return the equipment to the lessor, renew the lease, or purchase the equipment for its current fair market value. Lessees often select this option for equipment that tends to quickly decrease in value.
Dollar Buyout Lease
Dollar buyout leases provide lessees with the option of purchasing the leased equipment for one dollar at the end of lease term. Lessees tend to select this option when they plan to keep the equipment after the lease has concluded.
Lessees can consolidate payments on a current lease and roll them over onto a brand new lease with new equipment.
Your pool business can sell recently purchased equipment to an equipment leasing company and then lease it back by making monthly payments.
PST Pools welcomes the opportunity to work with you in adding this exciting technology to your business. Not only will it help drive revenue to your pool business, it will help position it as responsible and eco-conscious. This is because our pool water purification system retains approximately 85% of the water with our “Puripool Process.” So start saving water and capital by financing your mobile filtration system today. PST Pools recommends Balboa Capital to our customers based on their history of providing fast, dependable financing and customer service that is second-to-none. For more information, visit their website at www.balboacapital.com.