How to Finance Your Commercial Water Heater

Water heaters are one of the most important appliances in households and commercial units and supply hot water to your taps on demand.

With proper care and maintenance, they can last for several years. But like every other appliance, they have a limited lifespan and need a replacement after they’ve served their time.

However, a new water heater can be costly and you may experience difficulty in making a purchase, especially if you’re a business in running on a budget.

Here’s how you can finance a commercial water heater for your business, provided that you’re buying a water heating system from an authorized Rheem partner like Miami Water Heaters.


How to Finance Your Commercial Water Heater

Step 1:

Determine the requirement of your heated water supply by hiring the services of an experienced water heating company. This will help you choose the right water heating unit(s) for your commercial unit.

Step 2:

Choose the water heating equipment and finance your credit application online at https://www.fernwoodcapital.com/credit-application or calling at 888-241-8636. You’ll soon receive a call to learn about the credit decision. They might ask you for more details if needed.

Step 3:

If your application gets approved, you’ll receive documentation to sign. The company will contact the contractor so they can get your equipment ready and deliver it to your address. They’ll also take care of any deposits if required.

Do you need to put a down payment?

No. If you’re using Fernwood Capital to finance your water heating system, you don’t need to put a down payment. However, you’ll be required to make payments equal to two monthly finance payments when you sign the finance agreement.


Advantages of Choosing Fernwood Capital as a Financing Option

There are several advantages to choosing this financing option. You can finance 100% of your purchase including installation, freight, tax, and warranties while preserving your bank credit lines.

Furthermore, you can choose between flexible terms ranging from one year to six years. The fixed term of financing means you won’t have to deal with any rising rates so you can enjoy complete peace of mind.

Final Words

Using Fernwood Capital, you can easily finance a water heating solution for your business. A personalized, flexible payment schedule can help you to purchase a new heating unit without paying upfront.

Looking to purchase a new water heater for your business in Miami? Get in touch with Miami Water Heater. They’re a reputable company and have been in business for over 70 years, offering quality water heating products to their clients.

Miami Water Heater is also a City Gas Authorized Service Contractor and a certified Rheem warranty facility. So, if you purchase your water heater from them, you can benefit from the financing option offered by Fernwood Capital.

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