Ok, the dust has settled, the holidays are over, and I have some time to discuss Section 179. As I mentioned in a post a few weeks ago, Section 179 got a big boost from the Tax Cuts and Jobs Act. But I felt like I had to write about all of the major business aspects of the… Read More »
One thing that’s always interested me is using equipment financing to help close sales. I see this up close, because besides offering financing directly to end users, my company also works with equipment manufacturers and distributors, providing financing to their customers (so when you look to buy a new widget and see “financing offered” on the manufacturer’s website,… Read More »
I was asked by a friend about equipment financing and collateral and such, and he remarked “well, your loan is secured by the equipment, right?” And I answered “sometimes”. Which then prompted an explanation (I’m a great conversationalist at the party, aren’t I?) It is true that equipment financing can be similar to automobile financing in terms of… Read More »
Here we are, right at the end of December. And besides the holidays and presents and eggnog and such, we have my favorite year-end event – Section 179. While other companies slow down for the holidays, equipment financing companies always see a little year-end spike as folks try and take advantage of the generous tax code. (…on that… Read More »
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 »