Many businesses have hidden capital in the form of equipment assets. The value of this equipment can run the gamut from a few thousand dollars to millions of dollars. If the actual value of the...
Having worked in equipment finance for more years than I care to admit, I’ve seen a LOT of transactions. Some have been fairly straightforward and simple, some have been extremely complicated, and...
When it comes to financing equipment, many companies use their local bank or credit union. Companies tend to have relationships with these institutions because they handle checking and savings...
Business growth comes in many forms. Winning new customers to grow your customer base. Selling more products to your existing customers. Purchasing a new company to expand your capabilities. And if...
Along with the pressure caused by the national driver shortage, ELD regulations and continued detention rate issues, transportation companies are now feeling the effects of low freight rates. In Q1...
Reluctant to buy new equipment because of existing debt load? We get that. It’s not good business to overextend yourself. But sometimes it’s possible to improve cash flow, consolidate existing debt,...
You’ve determined that your business needs a new piece of equipment. Great. You’ve already found the perfect machine – it’s shiny and new (or maybe shiny and used), but you don’t have cash to pay for...
We’re all familiar with the phrase “save for a rainy day”, which basically cautions us to reserve capital for some future, as-yet-unknown, need. While many businesses do have some cash reserves, they...
When it’s time to purchase equipment for your business, there are a few things to consider before you shop. If you take time to evaluate these three things you will better prepared for the search and...
With growing freight demands and a shortage of drivers, transportation companies are forced to come up with alternative solutions to keep up with business and stay competitive. The booming economy...
When I was growing up, my parents bought a brand-new car every 2-3 years. They always paid cash and they always got top dollar for their trade-ins. My dad credited his ability to get top-dollar to...
Aesop tells the story of an ant and a grasshopper and how the ant worked diligently through the summer to store up food for the winter, and how the grasshopper showed up at winter asking for food,...
Reinvesting in your business can improve your position in the extremely competitive manufacturing industry. While some smaller shops can manage their business with entry level equipment, we are...
Financing equipment can be confusing, especially when you begin evaluating the options for financing terms. But it doesn’t have to be difficult. Here are a few questions you should ask to better...
This article is the fourth in a four-part series that addresses the new tax law and some of the impact it will have on companies that purchase heavy equipment and are looking for equipment financing....
