What are companies doing these days with the uncertain rise of COVID variants? They’re hoarding cash!
According to an updated Wall Street Journal article published on August 16, 2021 by Anna Hirtenstein, companies are sitting on record levels of cash, and ramping up their requests for credit lines.
Apparently, after a strong economic start of the year, capital expenditures are expected to slow in the 3rd quarter, so a lot of companies are playing it safe, and building their cash positions.
Cash and short-term investments held at corporations are at an all-time high of $6.8 trillion, 45% higher than the average of the five years preceding, according to S&P Global.
Last year, regulators urged companies to PRESERVE CASH.
You can still grow your business while preserving cash. Instead of a large outlay of cash to purchase new or used equipment, consider the financing option.
Rates continue to remain low, so you can have the advantage of using your financed equipment while you make small, monthly payments.
There are a number of financing programs available for every type of borrower, from those with no credit to very good credit. And the only collateral is the equipment that is being financed.
We are Acceptance Leasing and Financing Service. We are a team of professionals, established in 1992. We are frequent attendees of the BCMC trade exhibitions and a member of SBCA. We know the equipment of the component manufacturing industry.
We hope that you will look to us for help as you consider your next piece of new or used equipment. Contact us at 412-262-3225.