Financing
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If your business cycle is seasonal, why not pay more during the season you're working and less when the cash flow is tight.

Have a two or three-year contract, make larger payments during the contract, and much less once the contract is finished. Or, with a lot of the principal paid down, pay the loan off or sell the equipment and add the proceeds to your cash flow.

Starting a new contract, why not do the work for 90, invoice, and be paid, then start making payments on your loan. This is a deal where the dog is wagging the tail, not the other way around.

The lender takes a residual percentage at the end of the term, making the monthly payments less. After the term, you can buy the equipment for the residual or sell the equipment to satisfy the residual owed. In most cases, we would take a 20% to 30% residual on a 60-month lease. A front loader is $398,000.00; residual after 5 years (20%) is $79,600.00. You can buy it or sell it and use the money to satisfy the lease residual. A five-year-old front loader in decent shape—how much do you think it's worth? You can also take out a 24-month loan on the residual (with lessor approval) and pay it off! Plus, during the initial 5-year term, your accountant may be able to expense the monthly payments. Please discuss with your accountant.