Do you know what captive financing is? I can tell you what it’s not – it’s not taking finance payments on a kidnapping ransom (admittedly, that was a lame joke, but us equipment finance guys aren’t know for our quick wit… still, not bad for two seconds of thought!) Anyway, Captive Financing is when a company – say… Read More »
In my recent “passive vs. proactive equipment financing” post, I wrote the following: In fact, offering a monthly payment in option can be a HUGE edge in regards to marketing and sales. Especially here in 2010, where every dollar counts. So let’s use this post to expand on that a little. Although I am an equipment financing nerd… Read More »
Ok, it’s been awhile – I can talk about Section 179 again. Because it’s back, baby!! Just this week, congress passed a job-creation / tax cuts bill that’s aimed at rewarding businesses who hire new people. Called The Hiring Incentives to Restore Employment Act (or HIRE – clever, huh?), it seeks to give tax breaks (in the form… Read More »
Let’s talk about the economy for a minute. It’s been more than a year of doom and gloom, and although I’ve remained somewhat upbeat and optimistic, I’d also be remiss if I didn’t acknowledge that yea, times have been tough. But you know, it’s pretty plain to me that we hit bottom some time ago, and things are… Read More »
I mentioned earlier that I wanted to start talking about the vendor side of the equipment financing equation. And there’s no better place to begin than to distinguish the difference between “Passive” vs. “Proactive” in terms of equipment financing. Actually, the terms passive and proactive really don’t pertain to the equipment financing itself – they pertain more to… Read More »