Why Offer Financing for Portable/Modular Buildings?
As new healthcare facilities, schools, and office buildings are being renovated and built every day, your customers are faced with the significant challenge of supervising the construction and keeping operations running. Acquiring the temporary structures needed to provide a ‘swing space’ during the construction phase is often a fundamental requirement, but the fact that modular buildings can cost as much or more than the permanent building being developed, can be a difficult roadblock to overcome. Especially when multiple job site trailers are needed.
Because temporary modular buildings are just that – temporary – and not needed long-term, they often don’t justify the investment of ownership. In order for your customers to cover the significant expenses associated with modular buildings and maximize the budget, financing is an attractive option for many.
But if your organization doesn’t have any portable/modular building financing options, you can still help your customer and close more deals in the process by partnering with an independent firm to offer the service.
Offering the Right Financing Solution
One word of advice – make sure to find a partner that can offer flexible financing solutions that encompass more than just the structure. Look for a partner that can provide rental, operating or capital leases that offer a flexible and complete solution that includes all costs associated with the project, including:
- Modular buildings
- Transportation to the site
- Site work
- Professional services
- Monthly maintenance
Benefits of portable/modular building financing
Financing for modular buildings is a win-win. Your customer gains the ability to do more with less, by spreading out the payments and preserving capital budget. At the same time, by offering financing for portable/modular buildings through a trusted partner, your organization be able to:
- Shorten the sales cycle by answering the question, “how do we pay for it?”
- Close more and bigger deals by avoiding sticker shock and being able to effectively bundle in all components of the project
- Improve customer satisfaction with a complete and manageable solution
Keys to Success
Many vendor financing firms can offer basic leasing options to cover certain parts of your building or renovation project, however a partner that provides a holistic approach to helping you achieve your goals will add real value. Proactively seek out a firm that understands your needs and can support you and your client through the entire process, start to finish. Leverage support from professionals with experience in modular building projects and who can offer consultation and guidance regarding your options to come up with the optimal solution.
The right leasing package will spread out the cost over time, making the project easier to manage, while leaving room in the capital budget for other critical expenses. For example, with additional capital available, schools may be able to obtain more laptops for students, and hospitals may have the opportunity to add much needed new equipment.
Don’t settle for piecing it together. A complete, flexible financing solution, backed by the support of partners that are dedicated to helping you achieve your goals, can pave the way to success.
Contact us today to learn more about IFS’ financing solutions for modular buildings. Contact firstname.lastname@example.org.