A finance option carefully customized around concrete industry business cycles and equipment use cases.
Getting Out From
Under Aging Equipment
Getting less and less from aging equipment that costs more and more to keep running
Challenge
Solution
For a small concrete contractor in the Southeast U.S., the combination of rapidly escalating maintenance costs, a shortage of skilled technicians, and an aging fleet posed significant operational challenges. The cost of parts was skyrocketing, and the older equipment frequently broke down, leading to substantial downtime and high repair expenses. Recruiting and retaining equipment operators also became difficult due to the outdated and unreliable machinery.
Faced with these challenges, the contractor turned to a specialty equipment lender to finance newer, more efficient equipment. This strategic move offered multiple benefits. By modernizing their fleet, the company reduced maintenance costs by over 90%, significantly improving operational efficiency. The new, reliable equipment also made it easier to attract and retain skilled operators, who appreciated the improved working environment.
"Financing allowed us to upgrade our equipment for a low, affordable payment, which was crucial given our tight cash reserves. The reduction in maintenance costs and improved operator satisfaction were immediate wins, enabling us to reinvest savings into expanding our business. Without this financing solution, scaling for growth would have been unattainable with our previous business model."
– Owner of the concrete company
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How About Your Business?
If you’ve got aging equipment, it may be costing you more than you know. And it may be easier and more affordable to replace it than you think. To talk over your equipment situation – and some flexible finance options that can help you affordably modernize your equipment to boost efficiency, reduce costs, and retain employees – contact LEAF today.
Get in Touch
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Get in Touch
Get in Touch
If you’ve got aging equipment, it may be costing you more than you know. And it may be easier and more affordable to replace it than you think. To talk over your equipment situation – and some flexible finance options that can help you affordably modernize your equipment to boost efficiency, reduce costs, and retain employees – contact LEAF today.
How About Your Business?
Get in Touch