First Capital Business Finance
If you’re in the market to either rent or obtain financing for commercial generators, you should know we offer a variety of financing and leasing programs for both new and used equipment. Financing or renting equipment is an excellent solution to preserve your capital. As a business owner, you cannot afford to lose electricity to your business. Adding a commercial generator would give you the confidence your company will have a shorter downtime if the power was to go out. This will allow your production to continue with very little downtime, which will result in lowering your loss of revenue during the power outage.
Keep in mind, if the equipment is going to be used for a short term, it might be best to rent the equipment. Just remember, you need to have a better understanding of the amount of work that will be done with this concrete saw. We’ve spoken to clients in the past, and they have told us they have been renting their equipment for over a year! After adding up the rental payments and miscellaneous fees, they could have owned one outright if they had financed it!
At this point, you are most likely aware of the type of generator you’re going to need. If you know the differences between the type of generators, you can skip this part. We are just going to list a few different types of commercial generators, and their purposes. Commercial or Industrial generators are different from the ones you see being used for residential properties. These typically will start at 12kW and can go up to 200kW or more and you’ll need to choose from a portable commercial generator or a commercial standby generator.
First, you’ll need to pick between a portable commercial generator or a commercial standby generator. Depending on the type of work you plan on using the generator for, will determine which one will best suit your needs.
Portable commercial generators do provide flexibility in mobility and offer a significant amount of power but you are limited on the amount of power it can provide. They are not designed to power an entire building; they are more commonly found for job sites where the power is needed on a temporary basis.
Commercial standby generators provide more power and will be permanently installed at your location. This generator is connected to your main electrical panel and will automatically turn on once it detects the power outage. The seamless operation assures your production will have very little downtime if your power should ever go out. Once the utility power has been restored it will then switch off the generator and will go back to the standby mode.
Prime power generators are not used for backup situations, but instead are being used as a primary source of power. This will typically be found where there are no other options for obtaining power from a utility company. These units run 365 days a year, 24 hours a day.
Once you have figured out what type of commercial-grade generator you will need, you will need to decide on the type of fuel that will be used to run the generator. The most common types are natural gas, propane, gasoline and diesel.
After you’ve called us, and spoke with one of our advisors these are the steps needed to get the ball moving in the right direction
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Depending on your scenario, you will see that we offer programs that will require anywhere from a zero down payment and some may require as high as a 50% down payment. So we’ll list a few examples to give you an idea on what you can expect. As you might already know, there’s a lot that goes into pricing and qualifying a transaction:
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Now that you have an idea of some of the programs we have, which example do you fall in? It’s ok if you don’t know, that’s what our advisors are here for!
There are more details that go into qualifying, so it’s always best to either call our office and speak to one of our advisors, or you can use our help desk. If you look at the lower right of your computer screen, you’ll see a blue box that will allow you to chat with one of our professionals.
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