Does your business have a credit score? While not as widely known about as personal credit scores, a business score is an important and understated part of the commercial financing process. Access to credit can make or break the growth of your business, especially when it comes to equipment financing. [...]
As you start planning your next investment in commercial equipment, consider upgrading your fleet and other equipment to be eco-friendly. Sustainable equipment isn’t just a way to show your corporate values; it can also bring cost savings and tax breaks. In this article, we’ll explain what green equipment is, how [...]
Equipment is what keeps your business running day after day. Do you know how close to obsolescence your company’s equipment is? If you don’t plan for upgrades and replacements before reaching obsolescence, you’re risking breakdowns, delays, and higher costs. Delaying a new equipment purchase might save money in the short-term, [...]
Construction has always been a tough, yet rewarding, industry to operate a business in. Some of the challenges faced by construction business owners include low profit margins, fluctuating cash flows, labor and material costs, and the stress of constantly bidding on jobs. But then you pass a building or other [...]
If you’re in a position to expand your restaurant business, congratulations! In a very competitive industry, you’ve managed not just to survive but also to thrive. Now you’re ready to grow your operation with new services, merchandise, or an additional location. When your expansion plan requires new equipment, you have [...]
When it comes to getting an equipment loan for your business, you have a variety of options. In addition to the traditional banks you may already be aware of, online and other alternative lenders exist to specialize in certain types of financing and fill gaps in the market. In this [...]
As a business owner or operations manager, you’ve reached the point where you need to expand your commercial fleet. Adding trucks, vans, or more specialized vehicles to your fleet can bring a variety of benefits to your business. It helps you scale your operation, for one thing, and can increase [...]
If your company is relatively new, or you have never sought funding before, you may be wondering what equipment financing is and how it works. In this article, we’ll help you develop an equipment loan vocabulary, explain the difference between leasing and financing equipment, and show you what lenders are [...]
Starting your own construction company is an exciting and challenging endeavor. In 2022, the construction industry was valued at over $2.8 trillion. It’s the 12th largest industry in the U.S. As you can see, the construction industry offers many opportunities but also requires preparation. In this article, we’ll walk you [...]