The seek for financing by startup contractors for construction equipment seems to have increased this year, as mentioned by First Capital Business Finance president, Dustin Doi. Many of these startups are rejected by banks, because with less than two years in the business, they are usually considered as “high risk” which leaves them without many financing possibilities. Even with the pandemic, this year has been busier when compared to years before for First Capital Business Finance. Popular items have Read More
According to the American Trucking Associations, over 90% of trucking companies have less than six trucks. And Convoy estimates that over 10% of drivers are owner-operators. That means the trucking industry is primarily driven by small businesses. If you’re interested in becoming an owner-operator, semi truck financing gives you the terms you need to buy the right vehicle. At First Capital Business Finance, we provide customized commercial truck financing that adapts to your business more than traditional loans ever could. Read More
What Are The Semi Truck Financing Requirements That You Need To Qualify? Is it time to grow your transportation business? Semi truck financing can help you reach your goals. The right loan or lease makes it easy to get the trucks and equipment you need. What are the requirements? The specific semi truck financing requirements depend on whether you’re applying for commercial truck financing, a title loan, or a lease. For success, plan on six essentials. 1. Down Payment Most Read More
Have you tried and failed to get bobcat financing or skidsteer financing in the recent past due to credit issues? Many business owners deal with this problem, especially when business slows down and it’s hard to pay bills on time. Fortunately, just because you’ve been turned down by one or more lenders before, that doesn’t mean First Capital Business Finance will turn you down. We regularly offer equipment financing bad credit options that help business owners like yourself get financing. Read More
Equipment tends to make all the difference in a business. With the correct tools, a company can drastically improve its products and processes. The Improvement often leads to an expansion in their consumer base and profitability. Unfortunately, not many businesses have the working capital available to purchase brand new equipment, despite the many advantages, meaning they require Bobcat financing. Bobcat equipment is the gold standard for many Industries. Due to its initial cost, many companies cannot afford such quality equipment Read More
If you are searching for equipment loans for bad credit, you are probably concerned about finance rates. Several factors play into the cost of financing equipment. This guide will help you understand how heavy equipment financing rates work. Factors That Affect Your Equipment Loans for Bad Credit Financing Rates When you are looking for equipment financing bad credit, your circumstances will play a role in your offered financing rates. Five main factors determine the cost of your heavy equipment financing: Read More
Entrepreneurship is risky, and all ventures require some form of capital investment. In the earliest stages of business, owners may tap into their credit and savings to give their businesses a headstart. These and other factors can severely impact your personal and business credit. Even so, there are lenders who are willing to take a chance on riskier businesses and lenders. The trick is knowing how to get a business loan with bad credit. How To Get a Bad Credit Read More
Applying for bad credit truck loans, equipment loans, and similar programs is an excellent solution for business owners facing credit issues. Here are six important steps for success. 1. Evaluate Your Options Whatever the cause of poor credit, there are small business loans you can qualify for. Maybe you’ve been asking, “How to get a business loan with bad credit?” Because small business loans are specifically designed for businesses with bad credit, it’s much easier to get approved. These options still provide low-interest Read More
If your goal is to obtain valuable equipment for your business, equipment loans for bad credit programs are an excellent way to make it happen. There’s no need to save up for years to get the equipment your business needs right now. With the right financing, you can invest in state-of-the-art equipment that gives you an edge over competitors. Here is everything you need to know to get started. Why Is Equipment Financing Important for Your Business? Using capital to purchase or lease equipment Read More
Equipment financing is a powerful tool for generating business growth. All business owners want their companies to grow in revenue, and there are many ways to make it happen. High-quality equipment gives your company important advantages, such as: Superior productivity Reduced costs Increased sales Larger customer base Better online reputation By providing superior service and attracting more clients, your business can increase the number of profits generated. Expand your company by leaps and bounds with these six types of equipment: Read More
