I discuss equipment finance quite often in this blog, and I also discuss various financial and economic issues that are common with businesses. And as I discuss these things, I usually touch on good reasons to finance equipment. For example, if I’m talking about rates or similar, I’ll stress the importance of locking financing in with fixed rates.… Read More »
Happy New Year everyone. Here we are in 2022, all trying to get back to some sense of “normal”. But after the last two years, what exactly is normal anymore? Here’s one thing that’s “normal” – Fletch’s annual predictions. So let’s get to it, starting with the important stuff: sports. Sigh… there was a time when I predicted… 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 »
Every year, I do a wish list around the holidays, and 2021 is no different. Let’s see what I’d like under the tree for this year. A Nice Increase for Section 179 Section 179 was made permanent a few years ago, and it’s received small annual increases since (this year it’s $1,050,000, up 10K from 2020’s $1,040,000). Ok,… 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 »