Released on: April 29, 2008, 6:25 pm

Press Release Author: Self Storage Promotions

Industry: Consumer Services

Press Release Summary: Portable storage vendors have several options to finance
containerized storage purchases. Discover the pros and cons of each option.

Press Release Body: KANSAS CITY, MO. (APRIL 30, 2008) - Portable storage is a
growing business that has the attention of financiers. That leaves several options
for companies seeking to enter the business, expand their existing businesses or
replace aging equipment.

There are three standard options for portable storage financing in today\'s market:
equity, debt and lease. Of course, there are advantages and disadvantages to each
option.

\"Obtaining financing for portable storage containers is still challenging, but the
good news is there are more options today than a decade ago,\" said John Finnessy,
CMP, Executive Director of the National Portable Storage Association, or NPSA, a
nonprofit membership association dedicated to the advancement of the portable
storage industry. \"Smart businessmen will examine all their financing options to
make sure they are getting the best possible deal.\"

The equity option, or cash, limits the operator\'s expansion abilities to his own
internal financial resources. Surges in demand, then, may be lost opportunities for
operators that are solely dependent on profits to finance growth. Borrowing from
financial institutions requires less up front capital, but you pay interest on the
amount borrowed. You\'ll also have to seek alternative funding sources because most
traditional banks are not yet savvy to the benefits of lending on portable storage.
The third option, leasing, offers the lowest up front capital investment, but you
are paying for this advantage through higher costs on the containers.

\"Before you make any financing decision, be sure to understand what your specific
needs are, both short- and long-term,\" said NPSA Operations Manager Joel Rathbone.
\"You need to look at items like revenue per month, expenses per month, risk
tolerance, projected demand and competitive analyses when making portable storage
financing decisions.

Although the NPSA does not give specific financial advice on which option is best
for your needs, the association does hold conferences and seminars on issues
important to portable storage companies, including financing. NPSA members may also
be able to offer advice to help companies better understand the best choice for
their needs.

For more information, visit www.npsa-us.org.

The National Portable Storage Association
The National Portable Storage Association is dedicated to the advancement of the
portable storage industry. We at the NPSA are here to serve those in the portable
storage industry who rent, sell or lease containers, trailers and mobile offices.
The NPSA assists members with industry, regulatory and workforce issues; plus,
offers members networking, marketing and legislative support at national, state and
local levels.

PR Contact:
Jennifer LeClaire
Self Storage Promotions
954.454.0072
jennifer@selfstoragepromotions.com
www.selfstoragepromotions.com


Web Site: http://www.npsa-us.org

Contact Details: Jennifer LeClaire
Self Storage Promotions
954.454.0072
jennifer@selfstoragepromotions.com
www.selfstoragepromotions.com