(Cedar Rapids, IA) – GreatAmerica Financial Services Corporation announced today the addition of Larry Feldstein as VP of Sales and Marketing to its Healthcare Division.
Many contractors, both small and large, finance their equipment and software rather than purchase with a lump sum payment because of the cash flow benefits this practice can bring to their businesses. In fact, according to the 2013 Bureau of Economic Analysis measurement of U.S. Gross Domestic Product and the Equipment Leasing and Finance Foundation, $0.56 of every dollar spent on equipment and software in the U.S. was financed. That's $827 billion in 2013. Equipment financing is a major source of capital for the business sector and a growth engine for the U.S. economy.
This article first appeared in the June 2013 issue of Construction Business Owner magazine.