Winning more bids as a contractor often comes down to having the right equipment in place. Business equipment financing lets you proactively build and maintain a well-maintained fleet, proving to clients you can start the job right away without rentals. It also helps you meet non-negotiable equipment specifications on public and commercial bids, since missing even one requirement can get your bid thrown out before it’s reviewed. Financing makes specialty projects possible, too, letting you acquire equipment beyond your typical fleet before a bid closes and spreading the cost over time. It lets you take on more jobs simultaneously by expanding your fleet without drawing on payroll, and it frees up working capital for materials, permits, and payroll once a project is underway.

source: https://cardiff.co/learn/how-equipment-financing-helps-contractors-win-more-bids/