Well, it happened. The Federal Reserve raised interest rates last week a quarter point, marking the first rate increase in three years. Most economists felt this was inevitable, and I’ve been talking about this for a while now. Well, we’ve moved out of speculation and into reality – with the inflation numbers being what they are (the highest… Read More »
Keeping up with the “reasons to finance equipment in 2022” theme, let’s talk about a favorite subject of business owners everywhere – getting the jump on your competition. Business is all about providing good products and services that are of value to your customer base. But competition is always going to exist – everything you do, your competitor… Read More »
Next up in our series on “reasons to finance equipment in 2022”, let’s talk about using financing to keep pace with your competition. No matter what industry we are in, we always keep an eye on our competition. Which is smart – while we all like to think we’re “it” in terms of our industry, that isn’t true,… Read More »
Reasons to Finance Equipment in 2022 – Inflation and Rate Increase Hedge You’ve been reading the news, right? Inflation is here, and it’s not going away anytime soon. Here’s what this means for all of us: over the next year or three, we’re going to pay continually higher prices for just about everything. Or put another way, you’re… Read More »
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 »