As the end of the year approaches, there’s no better time for small business owners to take advantage of Section 179 for substantial tax savings while acquiring new equipment. This provision of the IRS tax code allows business owners to deduct the full purchase price of qualifying equipment bought or [...]
Are you looking for working capital for your business? You may be confused by unfamiliar terms like factor rate and APR. They both play pivotal roles in determining the total cost of borrowing, but they can also serve different purposes. In order to choose the best type of financing for [...]
When it comes to adding or upgrading your business’s essential equipment, a long-term rental or lease may seem like the most feasible option. However, while the flexibility may be appealing, the long-term implications of renting or leasing can be more costly and limiting than you think. In this blog, we’ll [...]
As a business owner seeking financing, you have plenty of options. However, not all lenders offer the same level of personalized and streamlined service. It’s important to choose the right lender to get essential funding needed to grow and upgrade your business. Ideally, you’ll find a lender you can trust [...]
If maintaining a commercial fleet is essential to the success of your business, it’s important to add and replace vehicles when you need to, without interrupting or delaying your operations. Luckily, financing commercial vehicle purchases can help you keep a working fleet while realizing other benefits of financing. Keep reading [...]
Working capital is a great short-term capital solution to help your businesses cover a variety of operational expenses. Utilizing working capital preserves your cash position and can be a good alternative to longer term financing. In this article, we share four working capital strategies for investing in your business. What [...]
Knowing what to expect and how to best prepare for your equipment financing application can help you get approved. In this article, we cover the 5 most common challenges we see during the application and funding process and how you can overcome them. If you have any questions, we’re here [...]
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 [...]
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 [...]
Dave Cashmore joined Blue Bridge in early 2021 as a Credit Manager and swiftly advanced to his current role as Senior Director of Credit. Drawing on his extensive credit expertise and deep understanding of risk management, Dave leads the credit team in structuring, underwriting, and managing the company’s portfolio. He plays a key role in designing credit programs that support business growth while maintaining a strong and resilient portfolio. Dave works closely with both the portfolio and sales teams to ensure credit decisions align with Blue Bridge’s strategic objectives and risk appetite. He holds a bachelor’s degree in Actuarial Science and Mathematics from SUNY Albany.
Janessa Brown joined Blue Bridge in September 2021 as a documentation specialist. Her commitment to efficiency and operational excellence led to her promotion to Senior Director of Broker Originations. In her current role, Janessa leads the broker originations team, overseeing relationships with brokers nationwide, driving the growth of broker-driven business, and continuously optimizing processes to improve performance and enhance service for our customers and partners.