I’ll Pay Cash

Expanding on Lack of Capital from an earlier post, the question remains “Why pay cash?” The truth is, while money is “cheap”, paying cash is like digging an early grave. From the bank’s perspective, if a customer has a low 4 figure bank balance and is asking to borrow a moderate 5 figure sum, the applicant will either… Read More »

theLeaseGuy

Well…-Long pause

Trust me, I don’t want to hear a heavy sigh immediatly after I ask “How’s your Credit History?” Technical- Credit is the provision of resources by one party to another party where the second party does not immediately pay the first party for the resources in full, thereby generating a debt, and instead arranges either to pay for… Read More »

theLeaseGuy

Financing a Small Business Start-up

With stats ranging from 50% to 80% of new businesses failing in the first 5 years, how can you increase your chance of survival? Having worked in commercial equipment finance for many years, I have sorted through my fair share of start-up applications. Imagine, if you will, a mountainous eyesore of unprepared hobbyists who are willing to risk… Read More »

theLeaseGuy

Section 179- Letting the Government Pay For Your Stuff

I have gotten some questions regarding my last post on Section 179 Deductions, mostly what types of equipment qualify for the deduction? Technical Excerpt: Section 179 of the United States Internal Revenue Code (26 U.S.C. §179), allows businesses to immediately deduct the cost of certain types of property” “Certain types of property”…. there’s the rub… Well the truth is,… Read More »

theLeaseGuy

Section 179

Before you start scratching your head while scrolling down the page looking for sections 1 through 178, I am referring to the US IRS Tax Code. It’s day 2 of the 4th quarter rush and a lot of the new recruits have no idea why it gets so crazy in the office during this time. Most of the… Read More »

theLeaseGuy