Playgrounds offer children opportunities to hone their physical, mental and social skills. They encourage exploration and movement, supporting their healthy growth and development. Play equipment can be expensive, but individuals and organizations seeking more flexible payment terms can count on playground suppliers that offer financing options. This quick guide explores why it’s so important to invest in quality playground equipment to support an active lifestyle for kids and the best companies that make buying play components more affordable.
The Importance Of Physical Activity For Children’s Health
Physical activity is important for a child’s normal growth and development, helping fulfill their curiosity and boost their overall wellness. Active kids enjoy the following benefits:
- Stronger bones and muscles
- Lower risk of chronic diseases
- Better coordination and movement skills
- Improved social skills
- Reduced stress, anxiety and depression
A playground provides a perfect play setting for kids, allowing them to reap these health benefits. Playground suppliers that offer financing options can make setting up a playground more manageable and affordable to organizations, communities and municipal leaders.
The Challenge Of Funding Commercial Playground Projects
Raising money for a playground isn’t an easy task. The cost of playground equipment can be expensive, especially for extensive play components. Here are the reasons contributing to the challenge of funding commercial playground projects:
Budget Constraints
Many organizations and municipalities face limited budgets, making it difficult to acquire enough funding for a playground project. There’s a constant competition for priorities and a need to allocate resources effectively, which may delay a playground’s implementation.
High Upfront Costs
Playgrounds are a significant investment. The more complex the design, the higher the cost. Plus, the materials used provide durability and safety, which may cost more to source and manufacture.
Economic Downturns
Economic recessions can lead to decreased tax revenue for municipalities. Meanwhile, businesses are less likely to offer sponsorships or donations. Generally, many organizations may have less disposable income to fund a playground project.
Which Playground Suppliers Offer Financing Options?
Fortunately, some playground suppliers offer financing options to make their products more accessible and affordable to potential clients. Consider the following companies that provide various financial arrangements:
Little Tikes Commercial
Little Tikes Commercial offers playground equipment and surfacing options, enabling children to thrive as they grow. It believes playtime is essential for a greater community. With only around 24% of kids in the U.S. between the ages of six and 17 getting enough exercise, finding quality equipment on a budget or on a financing plan is vital. That’s why Little Tikes Commercial believes in flexible financing and is one of the best playground suppliers.
Little Tikes Commercial’s financing options include:
- Phasing: This refers to breaking down a large project into smaller, more manageable stages, allowing you to complete and pay for it in segments over time.
- Leasing: With a leasing option, you can set up a flexible payment plan and get all the necessary equipment. Leasing benefits include: no bank loans affecting your credit, quick approvals and low down payment.
The company also offers a funding resource center for playground equipment grants with step-by-step guides on fundraising and campaigning. This information can help you find donors, foster relationships and manage a successful project.
Landscape Structures
At the heart of Landscape Structures is inclusivity. It understands the pressure to maximize a budget to meet children’s long-term needs for play. To help its clients create more playgrounds, it has partnered with NCL Government Capital to provide you with playground equipment financing options.
The lease-purchase option allows monthly payments and has a tax-exempt feature, making setting up a playground more affordable. Transactions up to $150,000 are usually approved in a few days, while larger ones may take four to five days. Some benefits include zero upfront payments, no debt created and asset ownership takes place as soon as leasing is approved.
PlaygroundEquipment.com
PlaygroundEquipment.com offers affordable commercial playground fixtures such as play structures, crawl tubes, climbers and swing sets. It provides two flexible financing options:
- Financing: This option is ideal if you want to install segments of equipment incrementally, paying for each fixture as it’s built. Some benefits include flexibility and affordability.
- Leasing: If you want to design, build and install a playground as soon as possible, leasing is the best option. PlaygroundEquipment.com has partnered with Hampton Ridge Financial, which can offer you flexible payment plans and potential tax advantages.
The company also has national and state grant guidelines on its website, depending on where you reside. You can also send a leasing inquiry form online and wait for a representative to reach out.
Investing In Top-Rated Playground Suppliers With Financing Options
The best playground suppliers believe in all children having access to innovative and safe playing equipment. They understand active play is amazing for kids’ health and wellbeing and is an integral part of growth. Quality equipment is often expensive, which makes flexible financing the ideal answer to communities, schools and other third spaces that want playgrounds but cannot afford to buy equipment outright.