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What You Need to Know About Asset-Based Lending for Medical Practices

Equipment loan. Providing quality healthcare for patients. This often means managing updated technology and installing latest medical equipment in a facility.  Many times when there is need of expansion or renovation; and capital expenditure on equipment may not be feasible due to the high cost of medical assets or a tight cash flow situation.  What’s more… According to a study conducted by National Small Business Association (NSBA), one-quarter of small business owners accept that they can’t find the required funds for their Read More


Easy Financing Options for Your Hospitality Equipment

Credit business loans

Heavy equipment financing. Your restaurant is only as high quality as your hospitality equipment. Besides, even the best staff can’t compensate for old, ineffective equipment.  But such equipment is costly and paying cash to upgrade equipment will put your cash flow at risk. Fortunately, there are easy equipment financing options available for restaurants to obtain the hospitality equipment they need to be profitable. How To Get Hospitality Heavy Equipment Financing Generally speaking not all financial institutions offer hospitality equipment financing, so seeking Read More


The Best Way to Manage Your Cash Flow During Your Fitness Facility or Club Renovation

Credit business loans

Deciding to renovate your fitness facility with equipment financing is a big step. To put it in another way your investment will prove to be lucrative if you understand how to manage your cash flow.  Whether you are adding high tech experiences, upgraded equipment, or remodeled fitness space, upgrades will keep clients coming through the doors.  Certainly, these big improvements will bring future business. But, it can be challenging to manage your cash flow, understand financing, and develop a solid plan for your Read More


The Ultimate Guide to Trailer Financing

Trucking can be a profitable business to get into — but getting started in this industry? That takes resources. Financing and funding to kickstart or expand your trailer business ought to play a central role in your strategy. Prior to making a decision, know that buying tractor-trailers are expensive. Manning, equipping, and maintaining an entire fleet of them can be difficult, especially when you’re just starting out. Fortunately, there are designated truck, trailer, and equipment financing options that can help. Read More


Understanding Factor Rate and How it Determines Your Business Loan Repayment Plan

Factor rate Loan

Unlike personal loans and mortgages, equipment financing/leasing doesn’t account for an interest rate or APR.  Instead, the amount of interest you’ll end up paying is calculated using a method called factor rate. A factor rate — is essentially “interest”, but calculated at the outset of the loan and spread across your payments throughout the borrowing period. This type of financing is beneficial for your businesses in two ways:  First, because it allows you to pay a consistent, predictable payment for Read More


Best Business Loans for Bad Credit in 2019

Obtaining small business loans with bad credit can be a stressful task. Not to mention most traditional lenders, like banks, use your credit score to determine your creditworthiness. In general, with poor credit, it makes it that much more difficult to finance your business plans. According to a survey conducted by NSBA, or National Small Business Association in 2015, 27% of small businesses claimed difficulty in getting enough funding. Fortunately, these banks and financial institutions are not your only options Read More


Bad Credit Business Loans that Won’t Break the Bank

Credit business loans

Bad credit business loans are the best way to finance your business without breaking the bank. If you have a credit score below 630 and have trouble getting financed through more traditional channels, this financing option may work for you. So let’s say that you have a poor credit history.  Lenders then conceive you as a high-risk investment. That means they will charge higher interest rates and offer shorter repayment terms.  All this adds to the degree of a financial Read More


The Easiest Way to Get Sprinter Vans

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You have decided to get Sprinter vans as a new addition to your fleet. Having already used vans and trucks for your business, you know that sprinters are a great choice. The Sprinter lineup consists of the Sprinter Cargo, Crew, and Passenger vans that are available in both gas and diesel engines. Gas engine models were introduced in early in 2019. Especially if you travel a lot, a Sprinter van saves you more on gas than a diesel-powered van. With Read More


How to Finance Medium Duty Trucks

Medium Duty Trucks

The American economy heavily depends on medium duty trucks to transport vital goods. According to the American Trucking Association, these goods are more than 70% of US freight tonnage. Industries such as hospitals, food, and beverage use these medium duty trucks to move medicines and goods. Needless to say, without trucks, the US economy could come to a standstill. However, these trucks – including sprinter vans and water trucks – can be expensive. On average, they cost about $80,000 per Read More


Guide to Plumbing Equipment Financing

Plumbing Supplies

Plumbing equipment financing is a breeze with First Capital. Thinking of starting a plumbing business? Are you in the plumbing business and need to grow or upgrade your equipment? Learn how you can get all that you need hassle-free. Financing Plumbing Equipment 101 Plumbing equipment doesn’t come cheap. This alone can crush or derail your dreams of growing your business to even greater heights. The mere thoughts of missing out on a contract due to being poorly or lowly equipped Read More