Financing

Whether you’re starting a new business, or want to update your salon, barbershop or spa, Passion Beauty Supplies is proud to offer finance options to suit your needs. Here are 5 reasons, or benefits of financing equipment for your business:

1. Preservation of Capital: Financing equipment allows you to preserve your capital and retain liquidity. Instead of making a large upfront payment, you can spread the cost over time, freeing up your funds for other critical business operations or investments.

2. Improved Cash Flow: Financing offers predictable monthly payments, making it easier to manage your cash flow. You can allocate your resources efficiently by matching the equipment's revenue-generating potential with the monthly payment amounts.

3. Tax Advantages: Depending on your business structure, financing equipment may provide tax benefits. In many cases, you can deduct the interest paid on equipment financing, reducing your overall tax liability and potentially increasing your business's profitability.

4. Preserved Credit Lines: Financing equipment allows you to preserve your existing lines of credit, such as business loans or credit cards, for other operational needs or unexpected expenses. By keeping your credit lines available, you maintain financial flexibility and readiness to address various business challenges or opportunities.

5. Access to Upgraded Equipment: Technology and equipment evolve rapidly, and financing enables you to stay current with the latest advancements. You can regularly upgrade or add new equipment by structuring financing agreements that align with your business's growth and equipment replacement cycles.

Remember to consult with a financial advisor, or accountant who can provide personalized guidance based on your specific business circumstances and local regulations. Contact us today to get more information on financing options.