Keeping up with the “reasons to finance equipment in 2022” theme, let’s talk about a favorite subject of business owners everywhere – getting the jump on your competition. Business is all about providing good products and services that are of value to your customer base. But competition is always going to exist – everything you do, your competitor… Read More »
I remember when I was about 14 years old. A few years of mowing lawns had built up my bank account to several hundred dollars. It was a lot of money for a kid back then. And it made me feel very secure. Money in the bank is a great feeling anytime. I also wanted a new videogame… Read More »
Reasons to Finance Equipment in 2022 – Inflation and Rate Increase Hedge You’ve been reading the news, right? Inflation is here, and it’s not going away anytime soon. Here’s what this means for all of us: over the next year or three, we’re going to pay continually higher prices for just about everything. Or put another way, you’re… Read More »
As we enter into the final days of the year, I’ll remind you one more time to take advantage of Section 179 for 2021. There’s a deduction of up to $1,050,000 just waiting for you, and if you don’t use it, well, you’re just leaving money on the table. Now, all year I’ve been harping on the effect… Read More »
One of the more interesting (and complex) things I’m often asked is “what type of credit criteria is used in an equipment loan decision?” Honestly, B2B credit criteria can be complex because the answer is extremely varied, and depends on the business type, time in business, the company’s credit history (e.g., how much credit is in the business… Read More »