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Past Growth

Let’s face it, the last couple of years have been atypical as small business owners have struggled with Covid restrictions which have impacted their business. Throughout all the various turmoil the U.S. has been through recently, there are some bright spots. Engineering, construction, and building materials have a vital role to play in a post-pandemic recovery of our communities and economies.

With strong growth in the first half of 2021, equipment and software investment slowed in the third quarter. However, strong consumer demand, low financial stress, an expanding housing sector, and increased federal spending on infrastructure should lead to improved economic progress for a stronger 2022.

Equipment Finance

Future Turmoil

During the first half of 2022 supply chain issues, hiring difficulties, and high inflation could dampen industrial sector output, although continued expansion throughout the year is expected at a healthy rate. Consumer demand remains robust, and the winter months have been smoother this year than last.

In regards to policy, Federal Reserve officials recently acknowledged that inflationary pressures are likely here to stay. The Fed is now expected to end quantitative easing earlier than planned and raise interest rates at least once by mid-2022. Multiple rate hikes in 2022 are possible, particularly if job growth stays on track.

What does this means for small business? With inflation on the rise, businesses adopt a renewed sense of urgency concerning all things financial. This sense of urgency leads business owners to take action.

Equipment Financing Trends For 2022

For those reading the tea leaves, the wait is over, buy equipment now. Both new and used equipment costs will increase as we move into the second quarter. Loan rates will be higher, too. So whether you’re paying cash or financing, waiting is costly. The time is now for the lowest equipment pricing and financial rates.

Financing necessary equipment (sooner than later) is the best hedge against rising prices and rates. Locking in is a sound strategy. By financing now, you’ll set a more favorable rate and get more for your equipment dollar.

Inflation incentivizes business spending as the hustle to take advantage of today’s higher valued dollar and lower interest rates are a primary concern. And increased business spending is good for the economy. The time to act is now.

Your Steadfast Financing Partner Since 1988

If you’re contemplating purchasing new equipment, please feel free to call us or stop by the office for a consultation. We have flexible lease options with competitive rates. We’ve helped thousands of companies grow their businesses for over two decades. Discover how we may help your business grow and succeed.

Contact Us

Call 913-341-0053 to talk to a leasing professional.

Equipment financing available –  Apply Online.