SBA is Offering Free Grants for Business Owners!
SBA Has Grants If Your Business Was Negatively Impacted Due to the Coronavirus. Emergency business funding is now available if your business has been negatively impacted due to the Coronavirus pandemic. Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to assist small businesses around the country. They were able to create […]
The 6 Top Construction Equipment Loans for Bad Credit 2020
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 […]
The Importance of Working Capital for Construction Companies
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 […]
How To Manage Cash Flow for Construction Projects
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 […]
Equipment Financing: How Does It Work?
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 […]
Is Business Equipment Financing Right for Your Business?
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 […]
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 […]
The Best Way to Manage Your Cash Flow During Your Fitness Facility or Club Renovation
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 […]
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 […]
Understanding Factor Rate and How it Determines Your Business Loan Repayment Plan
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 […]
