5 Credit Items Equipment Leasing Firms Look At
With the economy slowly making its way back to the good ‘ol days and lending institutions “thawing out” and beginning to release capital small businesses throughout the country are considering an equipment purchase, but are reluctant to spend the cash. Equipment leasing provides small businesses with no money down, extended term programs, tax benefits, and…
How To Pay Your Business Taxes With a Working Capital Loan
It’s that time of year again. Uncle Sam is looking for his money and with today’s economic uncertainty it has many business owners and executives reluctant to give up cash that can otherwise be used as working capital. The IRS is looking at business tax returns with a microscope this year as they look for…
Why Should Equipment Vendors Partner with an Equipment Leasing Firm?
After telling your customer the price of the equipment you want to sell them have they asked, “Do you offer financing?” Well, do you? Companies that finance equipment tend to buy 25% more than if they paid cash. Whether you sell construction equipment, ag equipment, high tech equipment like hardware and software or even office…
Construction Industry Expected to Lead the Economic Charge
Last week Entrepreneur Magazine’s article “The 10 Fastest-Growing Industries for Small Business” showed that “residential building construction” was the fastest-growth industry in 2012 (14.77%) and is expected to continue in 2013. Number two and three, respectively, were “building custom software and servers” at 14.29% and “machinery and equipment wholesalers” at 13.75%. Supporting this growth are the…
3 Elements You Want In An Equipment Financing Firm
Not only do you have many options to get your equipment financing done you also have many equipment financing companies willing to talk to you. Over two-thirds of companies today lease equipment due to tax benefits, conservation of cash and preserving existing bank credit lines. So, how do pick the right firm? Here’s three leading…
6 Things You Should Know Regarding Section 179 and Your Equipment Lease
Section 179 is an IRS law that allows U.S. businesses to deduct all or part of the purchase price of their business equipment purchase. Not all equipment qualifies. Examples of qualified equipment include: Computers, machinery, manufacturing tools and equipment, business trucks and vehicles, software, office equipment, signage, testing equipment, ag and construction equipment. What doesn’t…
Equipment Leasing & Equipment Financing
There are many ways in which your business can secure the required equipment it needs for daily operations: pay cash, bank financing, SBA loan, or funding your equipment with an equipment leasing and financing firm. A firm that specializes in business equipment leasing and financing doesn’t want your deposits or cash management services like a…