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Playground Financing: Getting the Money You Need for Your Next Project

Playground FinancingAfter this many years in the business, here at Noah’s we
know over the next several
months organizations such as: schools, daycares, park and rec’s,
churches, HOAs, apartment
complexes and more will be shopping for high-quality,
commercial-grade playgrounds, with hopes of getting equipment installed by
Spring. We’ve also seen how these organizations benefit from having play spaces
for their communities, such as churches and apartments being able to attract
families with children, to child care center enrollment increases and raising
property values for HOA’s and developers. However since commercial play
equipment can be a BIG junk of change (right!!), cost can be prohibitive! If you are exploring options for putting in a commercial-grade
playground, but lack enough capital (ie: junk of change) to purchase equipment outright, here
are a few playground financing options you might want to explore further:

  • Noah’s Financial Partner, Marlin Leasing!
  • Start by looking into
    available funding through State or Municipal grants.
  • Employ personal fundraising efforts with online efforts such as GoFundMe or

    Ask your local
    philanthropic organizations such as Rotary, VA-Lodge, or local
    businesses that would benefit from increased traffic due to a new park or
    playground nearby (banks, groceries, etc.). 

  • Research affordable,
    third-party playground financing options.

Once grants and private fundraising options are exhausted, many turn to an
affordable payment plan in order to not delay their project. Let’s look at the potential
benefits to playground financing:

  1. Get more for your money:
    Financing can be beneficial to more than just the playground structure. If
    you have been able to secure enough capital for the main structure, you
    can consider financing for extras such as shelter, benches, additional
    play features or other structure for the playground.
  2. Protecting credit for
    unplanned purposes: It is wise to leave some available credit open for
    unforeseen circumstances.
  3. Tax Benefits: Typically,
    interest charged through traditional financing programs provide a tax
    benefit to the business or organization.  Seek
    tax advice from a CPA first!
  4. Faster Installation: Why wait
    for your playground to be installed as
    you try to raise funds when you can
    finance and start enjoying immediately!
  5. Flexible Payment Options:
    There are multiple options for re-payment of your loan for your
    playground. This allows you to choose the option that will work best for
    your business and cash flow situation. Options to pay include monthly,
    quarterly or annually.

So, how does the
financing process work? There are often several third-party finance options to
consider. Some offer little or
no-money-down options to get started. Many
finance programs offer same-day approval processes to help get you get your project underway almost
immediately. Financing your playground equipment allows you to keep your
hard-earned cash (ie: junk of change) so cash-flow is not compromised!

Noah’s Park & Playgrounds offers convenient, affordable financing through Marlin Leasing. Marlin allows you to
finance 100% of your equipment purchase, unlike many financial institutions. How
it works and the benefits:

  • Asset Management: This allows
    the use of equipment during a specified time in exchange for the lease
    payment. At the end of the term, you can opt to return the equipment to
    the company or purchase it.
  • Flexibility: Marlin Leasing
    allows flexibility to change or add equipment as business needs change.
  • Tax Advantages: When you
    choose to finance your equipment, the amount saved in taxes could be
    greater than the amount you pay in the first year of the lease.

You can now get the playground equipment you so desperately desire
immediately without an effect on your bank credit lines. Applying is easy with
these simple steps:

  1. Shop and decide on your
    equipment
  2. Apply for financing. Get an
    answer in as little as two hours
  3. Sign your agreement
  4. Receive your equipment and
    Marlin will commence the finance agreement
  5. Once the finance process is
    finalized, your first invoice will arrive within 30 days and payments will
    be monthly for the term of the agreement

At Noah’s Park & Playgrounds, we pride ourselves on being able to provide
the entire customer experience. We design, sell and install our playground
structures. We provide a vast variety of structures including ADA accessible playgrounds, and offer only the highest quality, durable, and safest equipment
available today. Whether you are looking for a particular piece of equipment,
or an entire structure, we’d love to help walk you through the process and
answering any questions you might have. Contact us today; we’d love to
make your dream a reality. 

What can we build together?

Together, we can create a vibrant and engaging play space that fosters imagination, encourages active play, and becomes a cherished place for the community.