As a business owner, depreciation is an important factor in your accounting process and equipment purchasing decisions. The rules for calculating depreciation and taking an allowance on your tax return are set by the IRS. We always recommend going to your accountant or tax advisor for specific advice about how [...]
Purchasing equipment for your business is a necessary investment in your success. However, there is a lot to consider before making a purchase decision. In this comprehensive guide, we’ll explain everything you need to know about financing pre-owned equipment versus buying new. What is Used Equipment Financing? While the structure [...]
Depending on where you’re located, the winter months may bring a slowdown for your landscaping business. However, your work (and income) doesn’t have to stop altogether. Check out these 6 ideas for services you can offer over the winter to your regular customers. Snow Removal If you’re located in a [...]
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 [...]