07 Mar '18, 1pm

How to get a machinery loan for your manufacturing company or startup - The Garage

How to get a machinery loan for your manufacturing company or startup - The Garage

In terms of financing a machine, you want to make sure you have a serious discussion with the financial advisor to your business. Because if you can expense the full depreciation in the first year, you won’t necessarily be able to deduct the full amount of the interest you would pay over the life of a machinery loan or lease. So it’s a good idea to have someone run the numbers based on what the set of circumstances really are. Once you know for sure whether you should buy or lease, you’re ready to start talking to a small business loan or lease provider.

Full article: https://www.godaddy.com/garage/how-to-get-a-machinery-loa...

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