The great thing about modular buildings are there are two ways to categorize them.
1. As equipment & get a lease to own (with tax benefits) finance on equipment leasing
2. As true and real property, with a traditional long term mortgage
As a modular company we often have small businesses and non-profits that need to grow, but that do not have the capital. Funding for a project addition is sometimes tough to find. We have been very successful at building relationship with equipment leasing and traditional mortgage companies that understand modular buildings, and that understand how to get them funded.
They type of financing you go after is usually determined by the tax credits and total available credit. Many of our clients are able to roll in the land, land and site development, the modular buildings, and all related costs for permits/design/approval. If you are looking for a short term fix, perhaps leasing is a better option. The variable will be your short and long term financial goals.
If you are a non-profit or municipal agency we have some great lending agencies that work within your fiscal abilities to commit funds for extended terms, and get the projects funded for you.
For more information on how get get funding for your new modular building contact our team at:
Modular Solutions, ltd
Phone: 800-441-8577 x 1