With the new air quality emissions regulations coming into effect in September 2010, you may be researching what type of air quality control equipment you are going to install. Whether you choose a bag house filter system, wet scrubber or an electrostatic precipitator (ESP), you are still faced with the same question. How are you going to pay for the required air quality control equipment?
Did you realize that you could use an equipment lease to finance and eventually own your equipment choice? It is only recently that equipment leasing has expanded from its original market of trucks, tractors and forklifts to become a popular equipment financing option for a wide variety of equipment in the greenhouse industry.
Each greenhouse operation and equipment project is unique and your variables will be different, so if you are going to consider equipment leasing, it’s advisable to work with a leasing specialist that knows your industry and equipment requirements. Reg Renner of Atticus Financial Group has over 35 years of local greenhouse / horticultural experience and would look forward to meeting with you to discuss your equipment financing requirements and specific circumstances. Call Reg at 604-612-5674 for more information.
How many times have you heard this comment in the greenhouse industry – “How am I going to pay for it?” In this time of volatile energy costs and increased competition in the marketplace, greenhouse operators continue to hesitate and ponder about upgrading their present processes.
With so many demands on your cash and capital budget, it becomes a challenge to decide which equipment to install and how to pay for it. It is okay for a grower/ owner to stop and take a second look at how they might reduce their input costs or increase their yields by taking advantage of technological advances. It may be a great idea with solid paybacks, but installing the new equipment requires the correct financing option, and that requires planning and insight. Therefore, the goal of this article is to ensure that you know what financial options are available to you, the greenhouse grower/owner.As a greenhouse grower, superintendent and manager from 1970 to 2004 and now a financing specialist for the past five years, I have been welcomed into many agricultural businesses to see how they plan and implement their financing strategies. I believe that this shared experience will help you as an individual grower and benefit the greenhouse/agricultural industry as well.
The main financing options include paying cash, borrowing from the bank or using lease financing. Paying cash seems the easiest and has historically been the chosen option for greenhouse growers who believe in the mantra…”don’t buy, until you can pay for it”. However, with the increasingly sophisticated and significantly larger greenhouse operations of today’s marketplace, leverage (borrowing) has become more of an acceptable and desirable option to use.
Atticus Financial is a leading Canadian lease brokerage firm.
As a business grows, it goes through various stages of development, each having its own challenges and opportunities. Since we represent not only our own internal lease services, but also those of many other lenders, we are able to choose from a variety of options.
This allows us to offer you more flexibility, better value and an easier solution to your financing needs. If leasing is not the best solution for you, we will refer you to one of our strategic partners who provide other financing solutions from term loans to accounts receivable financing.