Finimpact

Final Word

Camera equipment financing is one option you can consider if you’re trying to start a photography business and don’t have equipment. While going into debt can be scary, borrowing money to grow your business can help you expand much more quickly than you would otherwise be able to.

 

FAQ

When should I consider financing camera equipment?
You should consider financing camera equipment when the purchase of new equipment will help your company grow. The ideal situation is that the new equipment will produce enough revenue to more than cover the financing cost.
Can a new photography business get camera equipment financing?
Yes, new businesses in the photography industry can qualify for equipment financing. This is especially true if the owner has good personal credit.
Is it possible to finance photography editing software?
Yes, you may be able to finance photography editing software. Tools like business loans or lines of credit can help with this.
Can you finance drones for a photography business?
If your photography business uses drones, you can use a business loan or other forms of financing to help pay for it.
Are there any tax benefits to financing camera equipment?
Yes, financing camera equipment may have tax benefits. For example, you may be able to write off some of the interest costs.

About the Authors

TJ Porter

Written by: TJ Porter

Personal Finance Writer

I have in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions both simple and complicated.

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Kal Salem

Reviewed by: Kal Salem

CPA, PMP and Finance Consultant

A CPA and finance professional working with small businesses to educate owners and grow alongside their businesses. Kal started his career in public accounting supporting SEC, regulatory, and both internal and external audits. He holds a Masters in Accounting and a BS in Supply Chain Management. Owner at Salem CPA Services LLC.

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Somer G. Anderson

Fact-checked by: Somer G. Anderson

Accounting and Finance Professor

Somer G. Anderson has been working in the Accounting and Finance industries for over 20 years as a financial statement auditor, a finance manager in a large healthcare organization, and a Finance and Accounting professor at Maryville University.

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