Money Talks - The Geneva Capital Blog

Bundling Woodworking Equipment: Multiple Vendors, ONE Payment

Written by David B | Jul 24, 2024 10:10:04 PM
All equipment vendors have different specialties

In this industry, you'll often be purchasing equipment from multiple vendors. It's very rare to find a one-stop-shop providing everything you need to grow your business. For example...

If you're buying a CNC Router there's a good chance you'll also look at a Dust Collection System.

OR

If you're eyeing a new Edgebander, you might also need a Panel Saw.

You may have to shop different vendors to get what you need. We can help simplify the purchasing process for you!


You've decided which equipment to purchase. Now what?

After you've navigated the initial challenge of what equipment you need for your space, it's time to figure out how to pay for it. Typically, this will require some type of financing.

We can all agree that having your credit pulled multiple times as you fill out a different credit application for each purchase (with each vendor) isn't ideal. Submitting bank statements, tax returns, and your first-born child is something no one wants to do twice.

Throw in keeping track of several payments...all with different due dates and varying dollar amounts, and pretty soon a root canal starts to sound more enjoyable than gym equipment financing.

That's where we come in.

Funding (and bundling)...made easy.

Raiding your child's piggy bank, borrowing from a college fund, or hedging your retirement may technically be an option for coming up with cash...but we can save you from attempting to explain that method of "creative financing" to the spouse.

Geneva Capital has a simple way to hang onto your cash and get the equipment you need. We're able to bundle purchases from multiple vendors into one affordable monthly payment. Bonus: you might even reap the benefit of certain tax advantages along the way!

It's a win-win.

Your time is precious. Let us do what we do best and take care of the details.

Here's how our bundling process works:

  • We'll take a look at the equipment quotes from each vendor you're working with. (It's likely we've worked with them before and already have relationships built!)
  • We'll walk you through the application process and typically have an approval within hours.
  • We'll finalize terms and prepare documents for you to complete.
  • We'll issue purchase orders to each vendor and pay them on your behalf. (This means all of your equipment gets ordered at one time!)
  • Upon delivery, you'll confirm everything is present and working as it should.
  • You'll put your equipment into use and begin making monthly payments to Geneva Capital.

One application, one point of contact, one set of documents, one order, and one payment. We'll ensure the entire process is smooth and streamlined, start to finish.

Unsure whether your equipment purchase qualifies for financing?

Just ask! Equipment financing is all we do. After 20+ years in the industry, we know the vendors, the business, and the equipment...and we exist for one reason only: to help you succeed.

 

Questions?
(320) 762-8400
sales@gogc.com