If you make your equipment easier to pay for, more people will buy it. The previous sentence is not a famous quote. It’s not a parable or the end of some tale, spun by some unrealistic self-help book. It’s a truth. A fact. It’s like saying the sky is blue or that kids like Easter candy. Leading with a payment…
Dump Trucks provide their owners great opportunities for growth and success. Often a lender that understands the asset can help make a difference ~ especially when considering acquiring a used Dump Truck. Rates and terms for used dump truck financing vary greatly from 2 – 5 years, depending on the age and condition of the asset. Rates depend on these…
It is an undisputed given that most all upscale hoteliers provide complimentary ground transportation for their clientele. It’s just a fact. The question that management must address is to how best to fund this expenditure: A Lease? Which structure? Traditional Loan? Cash? FINANCIAL REVIEW Let’s unpack this to help understand the options and address the ultimate questions to answer. Let’s…
We have written before on some of the good reasons to finance equipment ~ from cash flow to positive tax benefits. Here is a fun infographic that presents some of the many reasons to consider equipment financing as a business growth tool.
Even a red hot real estate market presents hurdles ~ like where to obtain capital? While there are banks that will help good credit & well-experienced real estate professionals ~ these options can be a bit cumbersome in the early stages. As the relationship is developed, bank rates make this exercise worthwhile in the long run … if your credit…
When you are in the market for new or used logging equipment, the question that must be asked and answered (sooner or later) is “how am I going to pay for this?” If you don’t have a cool $50,000, $100,000, or more sitting around then you should find a lending partner, and it should be a good one – that…
As a business owner of an equipment intensive company, Jim is always on the lookout for new equipment. He has relationships with every dealer in the area and when the time comes to purchase, he’s paid for the equipment in several ways. His father, who started the business, only paid cash. While Jim tried to keep that up for several…
There is a “person” in your phone that answers your questions. Amazon seems to read your mind when you land on their website. Some cars even parallel park for you. Often people think of companies like Google and Apple when they think of technology innovation, but in business, technology advances extend far beyond the mobile devices and websites. Commercial equipment…
Let me tell you a true story (with names changed to protect the innocent). Bob is in the market for about $125,000 in new commercial equipment. Part replacement for older equipment and part addition for some new business on the way, this package of equipment is pretty important to the company. Bob loves the industry leading brand. He takes of…
For most business owners, equipment acquisition happens in the break/fix moment. Recent research points to more than 60% of all small business owners replacing equipment only when they absolutely have to. But with the price of this equipment being so significant and the enormity of downtime expenses, is this the right approach? The downside of waiting until you have to….
