While business seems to be good right now, it’s almost too good to be true. One thing to remember is that the further you get away from a recession, the closer you get to another one. But despite the...
When you apply for credit, whether that be personal credit (credit card, mortgage, etc.) or business credit, you provide a lot of information to your lender. The information gives the lender great...
Commercial Credit Group is a different kind of equipment finance company. We’re an independent lender and do things our own way. Our business model is relationship driven and we evaluate credit...
Industries, such as construction, manufacturing, transportation, or waste hauling, that rely on revenue generating equipment are very capital intensive and have a lot of equity tied up in that...
Buying used equipment can be a great way to obtain additional equipment at reasonable prices, and while it’s often easy to find available used equipment, there are some factors you should consider...
Recently we provided a brief review of 2020 and some of the business lessons learned from the chaos and struggles. One of the main points in that article was that the industries served by CCG -...
When most people think about equipment financing, they think in terms of a specific purchase of either new or used equipment. But there are many other reasons to finance, or refinance, equipment. In...
Most of us have heard about or read about people being scammed. In fact, the Federal Trade Commission reported for 2018, that 1.4 million Americans reported instances of fraud, losing $1.48 billion...
Commercial Credit Group Inc. (CCG) is in the equipment finance business. Since the company’s founding in 2004 we’ve been financing equipment for the construction, transportation, and waste...
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...
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...
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...
