Cut operating costs.
Can you streamline processes, cut non-essential purchases or find more affordable options for materials and services? Prioritize spending on critical items that keep your projects moving, quality high and employees safe — and delay or eliminate less critical services.

Negotiate with equipment suppliers.
Your suppliers can be valuable allies during tough times. Ask if they can extend payment terms to help you delay some costs. Even a few extra weeks can give you the breathing room you need.

Leverage financial management technology.
Software that tracks inflows and outflows can help you quickly identify where to cut costs or adjust spending. Equipment health management tools can help you predict maintenance, so you can schedule repairs before costly failures. Online resources, such as equipment financing calculators, are another great tool for weighing affordability and monthly payments before purchase.

Explore equipment financing options.
Financing can help you bridge cash flow gaps without disrupting your operations. Equipment loans can provide access to funds when cash is tight — or leasing may offer more flexibility without a down payment. Don’t overlook special financing offers for new, used or rebuilt equipment.

Use the Cat^® Card.
Do you buy Cat parts, use a Cat dealer for maintenance and repairs or rent equipment? The Cat Card is a revolving line of credit you can use for these expenses — making low monthly payments when necessary, then paying in full when your finances allow. It’s a flexible cash flow management tool that can help keep your equipment and projects running smoothly. Another great benefit? Eligible accountholders earn Cat Vantage Rewards on qualifying purchases¹ that can be put toward additional parts, service, rentals and more to further your savings.

Practice scenario planning:
Create different financial models based on potential market conditions. By forecasting best-case, worst-case and moderate scenarios, you can anticipate the effect of reduced revenues, rising costs or delayed payments and develop strategies to address them. This proactive approach can help you stay resilient even if the market shifts unexpectedly.

Build your cash reserves:
Set aside a portion of profits during good times to build a reserve that covers essential expenses like payroll, rent and equipment maintenance. A healthy cash reserve can help you weather downturns without halting operations, taking on high-interest debt or making costly compromises. It can provide peace of mind, too.

Lock in costs upfront:
Maintenance and repairs are unavoidable, even in tight times. A Cat Customer Value Agreement delivers maintenance parts for on-time service, and you pay today’s price for the length of the contract. A Cat Equipment Protection Plan locks in parts and labor costs for unplanned repairs caused by occasional defects in Cat material or workmanship. Both can be financed as part of your machine payment.