To grow and expand, business owners need equity in their business. However, how do you achieve this if you are financing your equipment through traditional means? Buying equipment includes leasing or tying up large amounts of working capital in depreciating assets.
A lease is ‘on balance sheet’ therefore reducing business owners’ equity and their ability to borrow in the future.
With EZY Rental this no longer has to be the case. The solution offers businesses a rental contract, and because renting is ‘off balance sheet’ like salaries or electricity, business owners can now acquire the equipment they need without reducing their equity or their ability to borrow.
“We’re thinking of getting a POS system” says Jim from Salvatore’s Pizza Restaurant in Mornington. “We currently have $65,000 worth of equipment and we are aware that if we were to have taken a lease on the new equipment, we wouldn’t have been able to get the finance.”
“Ezy Rental offered me a solution that meant I could grow my business, but the company also offered a personal touch that the banks did not,” says Jim. “They came out and saw me personally; they looked at my business and listened to my ideas. With Ezy Rental I wasn’t just another number…and being new to the industry, the personal service meant a lot.”