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 [...]
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 [...]
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 [...]