Are you waiting for things to “get better”? I’m not. And your competition probably isn’t either. I posted a bit back about “Clarity in an Unclear Year” where I mentioned if you are still surviving, things look good. But that does not mean you can sit on your hands either. I’m no medical expert, but it’s clear to… Read More »
As I write this, we’re right in the middle of the COVID-19… crisis? Situation? Quarantine? Whatever you want to call it, we’re all living it. Predictably, a lot of business activity has paused. With many businesses forced to shut down for a few weeks, it’s only normal that some companies put expansion or improvements on hold for a… Read More »
I had a post ready about something equipment financing related, but it doesn’t seem appropriate today. I’ll post it sometime in the future, but for now, a few words on what’s going on, and what I feel will be the outcome. First, I have to address the obvious – for some businesses, the COVID-19 crisis will change an… Read More »
As you know, I write about Section 179 a lot. Because it’s an excellent way for businesses to acquire equipment, and can really save a company a lot of money. But sometimes, I get frustrated with how Section 179 is often presented. I’m a plain-language guy, and once something starts to sound too much like an advanced-level economics… Read More »
Let’s talk about rates and equipment financing for a minute, and trying to get the best deal you can for yourself. Rates on any type of lending are affected by the Federal Reserve Rate (aka, “the Fed”). If that goes up, banks and other lenders raise their rates. When the Fed goes down, lending rates lower. The actual… Read More »