In my position, I talk to many business owners who manufacturer, distribute, or otherwise sell equipment. And most of them are small enough that they really don’t have an in-house financing department. Meaning their B2B customers pay cash (or otherwise arrange their own equipment financing.) Naturally, these companies would like to offer credit. So they look on the… Read More »
Autumn is now in full swing, meaning the year is coming to an end. Have you made your Section 179 plans yet? You definitely should. As you probably know, Section 179 (the “buy equipment and get a sweet tax break” tax deduction) got a nice boost this year. In fact, the maximum deduction this year has been raised… Read More »
Ok, in my last few posts, I talked about how equipment financing companies tend to advertise their “biggest” name clients, but in reality, most of their customers are fairly small businesses. But that begs the question – just how big is a small business? What size business is it? Is it two people, ten people, 100 people? Or… Read More »
Ok, last time out I talked about Equipment Financing companies advertising that they do business with all kinds of large clients. And then I stated that most equipment financing and equipment leasing deals come from small to medium sized businesses. Well, here I’m going to open the curtain a bit and show you the basic details of a… Read More »
One thing I always pay attention to is equipment financing companies and their websites / marketing (both my own company’s website and the competition.) And you know, I’ve noticed a funny thing: unless my company is alone on an island, it would seem that everybody else only finances equipment for big companies. Really, looking on some competitor websites,… Read More »