Barriers For Brewers: Financial Challenges In The Brewing Industry

Barriers for Brewers

Barriers For Brewers: Financial Challenges In The Brewing Industry

Barriers for Brewers

From the smallest craft businesses to the largest operations, brewing companies invariably face an array of challenges. Not only do they need to produce beers and other brewed products on the right scale and schedule to meet all their clients’ needs, but they also have significant health, environmental, and branding requirements. In order to keep up with all these obligations, brewers must have access to a large and flexible amount of funds on a regular basis. Only then will they be able to:

Obtain Essential Brewery Equipment

Few industries have more pressing capital needs than brewing. From the kettles and stills needed to produce beer and other brewed beverages to canning and bottling lines that package them to supplementary equipment required to wash all of these devices, brewers must fill their facilities with a wide variety of expensive and complex machinery. This creates serious barriers to entry for new startups, which often lack the cash or mortgageable assets to buy this equipment and begin production. Such companies depend on access to affordable leases and working capital in order to get off the ground.

Carry Out Repairs & Maintenance

In addition to getting their hands on brewing equipment in the first place, brewers need to make sure that equipment remains in good condition for the long haul. That means conducting frequent inspections, repairing any devices that are even mildly damaged, and updating existing equipment with new technology as soon as it becomes available. The cost of this maintenance work is usually low, but it can go up if you discover a major problem or need to invest in an expensive but promising enhancement. Access to working capital is essential for brewers to perform this work and keep their equipment in good condition throughout their time in business.

Respond to Shifting Demand

Public preferences for beer and other brewed beverages can change on a dime. If brewers want to keep up with this changing demand, they must be able to expand or scale back production of different varieties with little or no notice. This means investing in flexible equipment that can switch to brewing different products quickly, as well as maintaining access to all the ingredients necessary to create each product on their list. All these actions are expensive, making working capital essential.

Promoting Health

Besides addressing changes in consumer demand, brewers must respond quickly to health concerns. This may require taking essential equipment offline for cleaning or inspection, as well as switching out ingredients. Working capital is necessary to insulate brewers from the cost of lost production while taking these health precautions.

For more information on working capital and other financial resources for brewers, contact Dimension Funding today.

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The Benefits of Medical Equipment Financing and Leasing

Leasing Medical Equipment

The Benefits of Medical Equipment Financing and Leasing

Leasing Medical Equipment

When it comes to the healthcare industry, effective medical equipment financing is literally a matter of life and death. Unless you can obtain the most advanced equipment, drugs, and personnel to deal with every variety of diseases and injuries, you won’t be able to heal patients in critical conditions. For this reason, it is essential that you consider all your financial options and choose the one that best fits the needs of your hospital. In particular, you should never overlook the opportunity to lease medical equipment rather than buy it, an option that allows you to:

Invest in the Most Advanced Medical Equipment

If you insist on buying your equipment outright, you may not be able to afford the most advanced devices right away, forcing you to wait until you can save up enough money. Leasing lets you use those devices now, reaping benefits such as:

  • Lower Costs– More modern medical devices often use less energy for the work they do, lowering your power bill. This will improve the financial health of your hospital while helping make up the cost of the lease.
  • Better Outcomes– The more advanced medical equipment is, the more effective it will be at treating patients’ diseases and injuries. This speeds up recovery times, improves patients’ quality of life, and even saves lives.
  • Faster Service– Many of the latest medical devices serve patients more quickly than their older counterparts. Given how serious hospital overcrowding has become, there are few better investments you can make for your facility.

Remember that these benefits of financing and leasing don’t just help your facility and patients. By serving a larger number of people and achieving better outcomes, you reduce the strain on other hospitals and clinics as well, leading to better results throughout the healthcare system.

Keep Cash on Hand for Emergencies

Even if you have the money to buy all the advanced devices you need now, tying up that money in equipment may not be a wise decision for your hospital or patients. Remember that a natural disaster or other crisis could strike at any moment, causing a dramatic increase in injuries and illnesses. To meet the needs of this horde of new patients, you will have to order more drugs and devices, pay enough people to stay fully staffed at all times, and use more of your equipment ‘round the clock. All of these steps require massive spending, and without cash on hand, you may not be up to the challenge. Leasing your equipment leaves your funds free, allowing you to stay prepared for emergencies.

Dimension Funding offers medical equipment financing and leases for a wide variety of medical devices. To learn more or get started applying, contact us today.

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