A well-designed industrial ventilation system is a significant investment. For large companies that have more financial resources, funding the investment may not be a problem. But for smaller companies, that investment can put a significant burden on cash flow. For that reason, we now offer financing as an option for our customers.
Our Partner
To provide ventilation system financing, Eldridge has partnered with Approve which is an online portal for equipment financing. The way it works is that we will include a link to the Approve website in our quotes. Customers will clink on the link, and it will take them to our proprietary page on the Approve website. Customers will then see a copy of their quote already loaded into the website. They will then be asked to create a financial profile that will be used by lenders to evaluate their credit capacity. From a network of over 20 participating lenders, Approve will then send out the information to those lenders that best fit the customer’s profile. Within 24 hours, the customer will know if they have been approved for financing.
Approve’s participating lenders may offer a variety of financing options. In addition to different terms and rates, some may offer a leasing option. Most customers will see multiple competing offers and can select the one that best meets their needs.
What Can Be Financed
When investing in a ventilation system, equipment is only part of the cost. There will also be mechanical and electrical installation costs as well as routine maintenance costs. The good news is the Approve’s participating lenders will allow customers to bundle all of these costs into one financial package.
Why Use Financing
The biggest reason to use financing is that it reduces the immediate impact on cash flow. The second is that it allows customers to invest in the whole ventilation system at once. We often have customers tell us that they want to buy some equipment now and some later. The third reason is that it better matches costs with benefits. Cool and comfortable employees are more productive and those productivity gains are realized over many years. Financing allows customers to spread out costs over the same period that it is receiving the financial benefits of higher productivity.
Conclusion
Whatever your reason is for wanting to explore a financing option, we have made it quick and easy. With a click and a little bit of time to complete a profile, you will know quickly what financing options are available.
At Eldridge, we are in the ventilation business to create successful environments. By providing a financing option, we hope that more customers will invest in a ventilation system so that they can have their own successful environment.