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Clever companies use flexible finance to rise above the pack

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Savvy businesses will use the current economic climate to rise above their competitors, according to the new Western Australian regional sales manager for finance company Silver Chef .

With more than 35 years’ experience in the banking and finance sector, Alister Beck said clever companies in the hospitality, construction, plant and machinery industries could use the downturn to their advantage, stressing the importnace of growing and expanding in order to come out of an aconomic slump. Businesses need to create a point of difference in order to set themselves apart from the rest of their competitors.

He said many businesses were seeking more flexible finance models, such as that offered by hospitality equipment finance company Silver Chef and it’s broader equipment division GoGetta.

Silver Chef and GoGetta’s  Rent-Try-Buy solution allows businesses in industries ranging from hospitality to construction and mining to rent equipment for 12 months.

At the end of the rental period, companies can return the equipment or receive a 75 percent rental rebate if they decide to buy. Silver Chef has provided flexible finance to hospitality customers for more than 25 years, while GoGetta has funded equipment ranging from bakers’ ovens to heavy haulage trucks and excavators since its launch in 2008.

Silver Chef managing director Allan English said the Rent-Try-Buy solution enabled businesses to free up working capital rather than spend it on depreciating assets.

With access to equipment becoming more important than ever, renting is a solution that offers flexibility and helps businesses preserve valuable capital so it can be injected into other important areas of the business and ultimately aid growth, providing solutions for the customer as opposed to locking them in long term.

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