Compact Construction Equipment: Loans Vs. Leasing
Your business needs the right compact construction equipment to run efficiently and meet workload demands. For many construction companies, that means a need for new or used equipment. Unfortunately, bad or non-existent credit can make bobcat financing difficult. Construction equipment leases offer an alternative to traditional equipment loans. Keep reading to learn more about the […]
The Business Owner’s Guide To Equipment Financing Bad Credit
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. […]
Top 10 Industries Bad Credit Business Loans Can Help
Bad credit business loans help many small businesses get the financing needed for success. What is a poor credit score? Generally, a credit rating under 600 makes it difficult to find an approval for traditional loans. You can still get business funding with bad credit. Contrary to what you may think, you don’t have to accept absurd interest rates to […]
What Industries Will Thrive When We All Go Back to Work?
In early March 2020, America was experiencing some of the lowest unemployment rates the country had seen in decades, coupled with a thriving stock market. While economists had predicted an economic decline for 2020 for a year or more, no one expected a pandemic would be the cause. In just a matter of weeks, the stock […]
5 Ways to Preserve Capital During Slow Times
During slow times, many businesses focus on preserving capital rather than taking out bad credit business loans (although loans can still be a smart option). However, the emphasis is usually on asking for rent relief and putting a hold on vehicle insurance. Here’s a look at these two approaches and three other ways to save money. 1. […]
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 […]
Easy Financing Options for Your Hospitality Equipment
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 […]
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 […]
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 […]
