Plan for Today and Tomorrow

Paul Styers, president of Styers Equipment Co., concurs. “Most converters finance through their bank or find their own leasing company depending on the size of the transaction,” he says. “Small transactions, under $50,000, are usually cash deals.”

Levy says Poly-Pak uses its bank for all capital expenditures. “[It] doesn’t cost us any more and the bank is always looking to lend money on equipment, he says, adding that Poly-Pak finances most of its capital expenditures. “Money is cheap today, so we borrow instead of taking out of our cash account.”