Sustainability Solutions: Making Your Construction Operation More Eco-Friendly

Sustainability Solutions: Making Your Construction Operation More Eco-Friendly

With climate change, ocean acidification, and other environmental crises on the horizon, individual and corporate consumers increasingly demand sustainable products. Houses, offices, and other buildings are no exception. The less environmental damage construction firms cause, the greater the demand will be for their buildings, helping them to establish a loyal base of customers. Thus as a construction company, you should do everything in your power to reduce your impact on the environment, and that starts with:

Investing in Used Construction Equipment

Depending on the specific device you are purchasing, used construction equipment is often just as efficient as new equipment. By getting as much of your equipment secondhand as possible given the specific tasks you need to perform, you avoid generating demand for manufactured goods. As a result, fewer natural resources will have to be mined and used, reducing your contribution to a host of environmental problems. Meanwhile, you will be keeping older equipment out of the landfill.

While used devices are generally more affordable than new ones are, you will need to spend money inspecting and maintaining it, so as to ensure that it can meet your performance needs. You should thus make sure you have enough working capital to keep your used construction devices in good condition.

Using Recycled Materials

Besides recycling construction equipment, you should turn to recycled materials for your buildings. Everything from metal to wood to carpet to drywall can be repurposed, allowing you to finish large portions of the building without buying new materials. As with equipment, you should assemble the working capital necessary to inspect recycled building materials and make sure they are safe. But in general, you should be able to use them just as effectively as new materials while keeping your local landfill empty.

Improving Energy Efficiency

Beyond lowering the ecological cost of the construction process, you can design your buildings to have a low environmental impact after you finish them. Many of the decisions you make during construction will have an enduring impact on the amount of energy your buildings will use down the road. By investing in better insulation, more advanced heating, cooling, and ventilation systems, and more efficient wiring, you can create a building that uses minimal gas and electricity for the long haul. These investments don’t come cheap, making it essential that you raise significant amounts of working capital beforehand. But if you make them, your buildings will be both better for the environment and less expensive to inhabit.

Dimension Funding offers the working capital you need for sustainable construction and all other building projects. For more information, visit our website today.

Secondhand Superiority: The Benefits Of Relying On Used Construction Equipment

As the owner or manager of a construction company, high capital costs will be a serious obstacle to success throughout the life of your business. From trucks to cranes to rigs to scaffolding, construction equipment is highly expensive, and is only getting costlier as time goes by. This creates a challenge for small and new construction companies, which struggle to afford all the equipment necessary to do their work safely and effectively. Used construction equipment offers an array of advantages for cash-strapped companies, allowing you to:

Reduce Purchase Prices of Construction Equipment

The initial purchase price for used equipment is far lower than that for new equipment. Depending on what specifically you are buying, you may be able to get twice as much used gear as new for the same cost. Not only does this prevent you from tying up all your money in initial purchases, but it gives you more financial flexibility to make sure you have every piece of equipment you need ahead of time. You’re thus unlikely to ever begin a construction job unprepared.

Deflect Depreciation

As with most vehicles, new construction equipment loses a large portion of its value the moment you take it off the lot— even if you keep it in pristine condition! When you buy used equipment, that initial depreciation will already be out of the way long before you make the purchase. As long as you make sure what you’re buying hasn’t been seriously damaged, you’ll be able to get the same quality gear without having to deal with depreciation. You can then resell it for nearly what you paid for it if you ever have to raise money or realize you don’t need the equipment.

Avoid Production Losses

When you buy new equipment, it’s often necessary to wait for weeks or even months for the manufacturer to produce and ship it. Used equipment, on the other hand, is ready to go right away. This means you will not have to pause your operations for as long, saving you from the cost of lost productivity.

Lower Equipment Leasing Expenses

Even if you plan to lease your equipment rather than purchasing it, there is still a financial advantage to choosing used. Used equipment is less expensive to lease than new equipment. This decreases the chance that you’ll have trouble keeping up with all of your payments. It also frees up more of your credit for use on emergencies and other expenses.

For more information on purchasing or leasing used equipment and other tips for cash-strapped construction businesses, contact Dimension Funding today.

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Barriers For Brewers: Financial Challenges In The Brewing Industry

January 17, 2018
1:00 pm
Blog, Brewery, Equipment, Working Capital

From the smallest craft businesses to the largest operations, brewing companies invariably face an array of challenges. Not only do they need to produce beers and other brewed products on the right scale and schedule to meet all their clients’ needs, but they also have significant health, environmental, and branding requirements. In order to keep up with all these obligations, brewers must have access to a large and flexible amount of funds on a regular basis. Only then will they be able to:

Obtain Essential Brewery Equipment

Few industries have more pressing capital needs than brewing. From the kettles and stills needed to produce beer and other brewed beverages to canning and bottling lines that package them to supplementary equipment required to wash all of these devices, brewers must fill their facilities with a wide variety of expensive and complex machinery. This creates serious barriers to entry for new startups, which often lack the cash or mortgageable assets to buy this equipment and begin production. Such companies depend on access to affordable leases and working capital in order to get off the ground.

Carry Out Repairs & Maintenance

In addition to getting their hands on brewing equipment in the first place, brewers need to make sure that equipment remains in good condition for the long haul. That means conducting frequent inspections, repairing any devices that are even mildly damaged, and updating existing equipment with new technology as soon as it becomes available. The cost of this maintenance work is usually low, but it can go up if you discover a major problem or need to invest in an expensive but promising enhancement. Access to working capital is essential for brewers to perform this work and keep their equipment in good condition throughout their time in business.

Respond to Shifting Demand

Public preferences for beer and other brewed beverages can change on a dime. If brewers want to keep up with this changing demand, they must be able to expand or scale back production of different varieties with little or no notice. This means investing in flexible equipment that can switch to brewing different products quickly, as well as maintaining access to all the ingredients necessary to create each product on their list. All these actions are expensive, making working capital essential.

Promoting Health

Besides addressing changes in consumer demand, brewers must respond quickly to health concerns. This may require taking essential equipment offline for cleaning or inspection, as well as switching out ingredients. Working capital is necessary to insulate brewers from the cost of lost production while taking these health precautions.

For more information on working capital and other financial resources for brewers, contact Dimension Funding today.

Brewing Equipment Brewing Industry Financing

The Benefits of Medical Equipment Financing and Leasing

The Benefits of Medical Equipment Financing and Leasing

October 5, 2017
8:00 am
equipment leasing, medical equipment financing, medical financing

When it comes to the healthcare industry, effective medical equipment financing is literally a matter of life and death. Unless you can obtain the most advanced equipment, drugs, and personnel to deal with every variety of diseases and injuries, you won’t be able to heal patients in critical conditions. For this reason, it is essential that you consider all your financial options and choose the one that best fits the needs of your hospital. In particular, you should never overlook the opportunity to lease medical equipment rather than buy it, an option that allows you to:

Invest in the Most Advanced Medical Equipment

If you insist on buying your equipment outright, you may not be able to afford the most advanced devices right away, forcing you to wait until you can save up enough money. Leasing lets you use those devices now, reaping benefits such as:

Lower Costs– More modern medical devices often use less energy for the work they do, lowering your power bill. This will improve the financial health of your hospital while helping make up the cost of the lease.
Better Outcomes– The more advanced medical equipment is, the more effective it will be at treating patients’ diseases and injuries. This speeds up recovery times, improves patients’ quality of life, and even saves lives.
Faster Service– Many of the latest medical devices serve patients more quickly than their older counterparts. Given how serious hospital overcrowding has become, there are few better investments you can make for your facility.

Remember that these benefits of financing and leasing don’t just help your facility and patients. By serving a larger number of people and achieving better outcomes, you reduce the strain on other hospitals and clinics as well, leading to better results throughout the healthcare system.

Keep Cash on Hand for Emergencies

Even if you have the money to buy all the advanced devices you need now, tying up that money in equipment may not be a wise decision for your hospital or patients. Remember that a natural disaster or other crisis could strike at any moment, causing a dramatic increase in injuries and illnesses. To meet the needs of this horde of new patients, you will have to order more drugs and devices, pay enough people to stay fully staffed at all times, and use more of your equipment ‘round the clock. All of these steps require massive spending, and without cash on hand, you may not be up to the challenge. Leasing your equipment leaves your funds free, allowing you to stay prepared for emergencies.

Dimension Funding offers medical equipment financing and leases for a wide variety of medical devices. To learn more or get started applying, contact us today.

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Category: Equipment