October '21

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1 1 0 G R A P H I C S P R O O C T O B E R 2 0 2 1 G R A P H I C S - P R O. C O M A New Lease on Business SECURING FINANCING FOR YOUR NEXT ENDEAVOR B Y P A U L A A V E N G L A D Y C H B uying or leasing equipment for your sign or graphics business doesn't have to be diff icult. There are numerous ways busi- ness owners can add equipment to their shops without break- ing the bank. When talking to business owners about making that investment, "for most it is a pretty big decision and requires preparation on their part to determine the best options to pay for it, and that's after going through the decision process on what equipment to buy and how much they should spend," says Greg Bourdon, CIT. Bourdon spends time with his clients walk- ing them through the different types of fi- nancing available but also finding out more about them and their company to make sure he recommends the right financing choice for them and their business. He likes to ask them: How long do you plan to have the equipment? Do you plan to keep the equipment when it is paid off? How much money will the equipment bring into your shop or is it replacing a piece of equipment you already have? The main equipment financing options include paying cash or using a credit card to

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