MSS offers a range of financing to meet your needs. Whether you require one of our standard offerings or a customized program, MSS will provide a financing solution that works for you and your business. We rent our machines on longer term rental agreements to lock in your costs.
Business owners rely on equipment every day to operate and grow their businesses. Most often, customers who are looking to purchase equipment seek financing from one of two sources - traditional bank financing programs or specialized leasing (rental) companies. The following are four key differences to consider when comparing these programs:
When a business finances the equipment with MSS, the machine is owned by us but you get to use it. We designate only the new equipment as collateral. Other lenders will see that only the leased equipment is under consideration and will still be willing to work with you.
In comparison, under a traditional bank loan, all property is used as collateral ...the new equipment plus your entire business. With this blanket security in place, other banks will not be willing to provide overlapping financing to you.
Banks have a lending threshold with each borrower. If you get into an amount of debt that the bank deems a risk, they may choose to end business with you or refuse you financing. By acquiring the machine on rental from MSS, you can retain access to capital with your bank without tying up credit lines.
Banks are not in the business of taking excessive risks; their programs are subject to change as economic conditions falter. As the interest rates increase or decrease, this is impacting your business outside of your control.
The opposite is true for our rental, we take 100% of the interest rate risk! Therefore, the payment on your rental will never change other than the agreed rates during its term, regardless of interest rates & inflation.
Most banks require both down payment and a high security requirement...the primary concern of a bank is to protect its interests.
MSS main goal is to generate cash flow. Therefore, we are highly creative in finding the easiest way for a business to get new equipment. At MSS, we offer several custom terms to fit the needs of our individual customers.