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
Having access to equipment financing for bad credit is essential for every business. Modern equipment helps your employees work smarter, not harder. Here are several financing options for buying the equipment you need in 2020 and beyond. 1. Bad Credit Equipment Financing At First Capital Business Finance, we have a lot of experience with companies that don’t meet the minimum credit rating of 680 usually required by lenders. Our team understands that many businesses, large and small, end up with credit issues due to unexpected circumstances. Our equipment financing bad Read More
A construction equipment loan is a great way to obtain the capital you need to purchase the equipment for your business. However, if your credit is that great, you may fear that a loan is out of your reach. Fortunately, some lenders recognize unforeseen circumstances that can blemish the credit of even the most promising small business owner. These are six of the best options for bad credit business loans. 1. Overall Top Option for a Construction Equipment Loan Small business Read More
Access to working capital plays an indispensable role in a business’s survival and growth. To ensure there is always cash in hand, proactive companies use elaborate cash flow forecasts to determine what they need money for and when. Some also rely on relationships with a construction equipment loan provider to spread out the initial cost of any equipment investments they need to make. Why Your Company Needs Working Capital The importance of any asset in business is directly tied to Read More
Working with a construction equipment loan provider plays a crucial role in managing cash flow. However, this is only one piece of a complex puzzle. Without proper cash flow management, companies may struggle to complete projects on time and within budget. Delays and change orders also cost money, which may affect company profits and client satisfaction. 1. Research Your Client The general advice in construction is for clients to double-check that contractors are bonded, licensed, and insured. However, construction companies Read More
Think of construction equipment financing as a type of business loan. With this approach, a business does not have to make perpetual lease payments on equipment or tie up precious cash to purchase expensive equipment outright. For example, suppose you’re doing construction equipment financing. It lets your construction business obtain bulldozers, mini-excavators, dump trucks, motor graders, and other pieces of equipment right away without having to pay the full cost of each item immediately. This type of financing is a Read More
Equipment financing is a popular option for obtaining the capital needed for business essentials. It offers many benefits for large corporations and small businesses alike. Is it the right choice for your company? Here are a few advantages that can help you decide: • Financing for businesses with poor credit • Flexibility for buying the equipment you want • Tax benefits for your business • Payment options that adapt to your cash flow • Large capital amounts for big-ticket items Read More
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
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
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 Read More
