We’re hitting the 4th quarter of the strangest year ever. Yes, 2020 has been a wild ride to say the least, but we’re still here (as are you). So let’s talk about something that’s also still here: Section 179 and equipment financing. I talk about this every year, because I get really excited about it. We’re in that… Read More »
It’s safe to say we’re all looking for a little clarity right now. With COVID-19 still looming and a return to “normalcy” nowhere on the horizon, the rest of 2020 seems to be muddled at best. Or is it? Because right now, in July 2020, if you’re still doing business and surviving… well, there *is* some clarity in… Read More »
So I got this question in my e-mail the other day. Usually I don’t have the time to respond to these personally, but this one asked about an issue I posted about a few months ago, so it was still fresh in my mind. Dear Fletch, I want to buy equipment from a local company that’s going out… Read More »
When lenders finance equipment for customers, there is a concept called PMSI. I want to spend this blog explaining what it is. To start, PMSI is an acronym for “Purchase Money Security Interest”, and is very important for lenders, especially those who finance equipment purchases. Essentially, what it means is the lender who pays for the equipment has… Read More »
It’s no secret that the economy has been strong for a few years now. Being in the equipment financing industry, I don’t need to watch the news or read the Wall Street Journal to know this – I can get a good gauge on the economy by how often our phones ring. And they’ve been ringing a lot… Read More »