Tips To Qualify For a Startup Business Loan with Bad Credit

Credit Score for Loans

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 […]

Compact Construction Equipment: Loans Vs. Leasing

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

Construction 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. […]

5 Ways to Preserve Capital During Slow Times

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. […]

The Importance of Working Capital for Construction Companies

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 […]

The Ultimate Guide to Trailer Financing

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

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 […]

How to Finance Medium Duty Trucks

Financing for 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 […]

Guide to Plumbing Equipment Financing

Plumbing equipment financing

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 […]