business finance
May 21, 2024
May 21, 2024
Categories
In the current economic climate, interest rates have risen to levels we haven’t seen in years. Current prime rate is 8.50% which is what lenders use to set rates for loans, credit cards and lines of credit. Prime rates are usually 3% above the federal funds rate which is at […]
Do you like it?
October 27, 2023
October 27, 2023
Categories
When it comes to acquiring essential equipment for your business, you have options. While many companies turn to their commercial banks for financing, working with an equipment finance broker offers a host of advantages that can make the process smoother and more cost-effective. Here are six big benefits to consider: […]
Do you like it?
September 5, 2023
September 5, 2023
Categories
While equipment financing can offer numerous benefits, there are situations where a business owner might prefer to pay cash for equipment acquisition. Here are a few key reasons: Cost Savings: Paying with cash avoids interest charges and fees associated with financing. If the business has the necessary capital readily available, […]
Do you like it?
June 16, 2023
June 16, 2023
Categories
Commercial lending rates are influenced by various factors, including the prime rate, which is the interest rate that banks charge their most creditworthy customers. When the prime rate changes, it can have a ripple effect on other interest rates, including commercial lending rates. In general, when the prime interest rate […]
Do you like it?
May 24, 2023
May 24, 2023
Categories
Keep your customers engaged An occasional email, text or phone call to check in with a customer helps to keep your business in their thoughts. Be honest with customer expectations. If a customer need is not a product or service you offer, let them know right away. Even better […]
Do you like it?
May 11, 2023
May 11, 2023
Categories
An equipment finance broker can add more value than working directly with your bank in several ways: Access to multiple lenders: A broker typically has relationships with multiple lenders, including banks, credit unions, and specialized finance companies. This gives them access to a broader range of financing options compared […]
Do you like it?
May 2, 2023
May 2, 2023
Categories
5 Questions to Ask Yourself when Working with a Lender 1) Will it cost me money to apply? NEVER. Some finance companies charge $150, $250 or more to submit an application. It will never cost you a penny to apply with us and remember, we only Soft Pull credit so […]
Do you like it?
April 18, 2023
April 18, 2023
Categories
Just plain old common-sense guidelines and good practices for productive office etiquette. by Lester Salvatierra 1) “Put details in an email…”, exactly what it means, don’t ramble specific details to a co-worker; express strategies and opinions in person but other stuff should be put in an email for future reference. […]
Do you like it?
April 7, 2023
April 7, 2023
Categories
As business owners, we cannot waste time on activities that give us little benefit. We must focus on our clear profit producers, get the key things done and finish so we can relax down time without stressing over what we couldn’t get done. Here are some action items that may […]
Do you like it?
February 28, 2023
February 28, 2023
Categories
Working with other businesses as close allies can have several positive outcomes: Access to resources: Partnering with other businesses can provide access to resources such as capital, expertise, and technology that can be used to improve a company’s operations and competitiveness. Increased innovation: Collaboration with other businesses can lead to […]
Do you like it?
- Filter by
- Categories
- Tags
- Authors
- Show all
- All
- #truckfinancing
- accounts receivable factoring
- bank loans
- bankloans
- business equipment financing
- business equipment loans
- business finance
- business financing
- business lender
- business loans
- business owner
- commercial lending
- commercial loans
- equipment financing
- equipment financing company
- equipment lease
- equipment leasing
- equipment leasing and financing
- equipment leasing companies
- equipment loans
- equipmentfinancing
- finance broker
- green energy financing
- heavy equipment financing
- leasing companies
- prime rate
- project finance
- sba 7a
- sba loans
- short term business loan
- small business owner
- solar financing
- Solar leases
- solar loans
- trailerfinancing
- trucking financing
- vendor financing
- working capital loans
- workingcapitalloans
September 19, 2022
September 19, 2022
Categories
The use of equipment financing is good decision making, especially when compared to bank loans or cash purchases. Investing cash in equipment makes the business asset rich and cash poor. When a business is cash poor, it is limited in its ability to take advantage of new opportunities or to […]
Do you like it?
January 11, 2021
January 11, 2021
Categories
All business financial decisions have to be made with one goal in mind; how will it benefit your business and your bottom line. Every expansion or replacement of equipment should make your operation more efficient and profitable. Here are a few things to consider. Conserve Your Cash and Working Capital– […]
Do you like it?
May 24, 2020
May 24, 2020
Categories
There are several factors that typically are considered when a credit team is reviewing a business profile to issue a decline or approve decision for financing equipment or providing working capital. There is some flexibility among lenders when considering the different factors but there is a common base that many […]
Do you like it?
May 8, 2020
May 8, 2020
Categories
First US Finance LLC provides accounts receivable factoring services to small and large businesses nationwide. Factoring is the only source of financing that grows with your sales. As sales increase, more money becomes immediately available to you. This allows you to constantly be able to meet increasing demand for your […]
Do you like it?
July 24, 2017
July 24, 2017
Categories
Everyone wants a good deal; when it comes to finances, this is particularly true. When we part with our money we want to make sure we are getting a good value and not paying excessive fees or costs which we were not aware of. Surprises are the last thing anyone […]
Do you like it?
May 30, 2017
May 30, 2017
Categories
Lenders like Wells Fargo and Chase are very good for servicing the needs of established businesses; they support things like checking accounts, small business loans and merchant accounts very effectively once you have established your business and developed a good track record. As an “A” credit you will get the […]
Do you like it?
January 31, 2016
January 31, 2016
Categories
“I pay for everything in cash, I never finance anything” or “I’ve never had to take out a loan, I don’t believe in it”. Every so often, I encounter this type of feedback from a business owner. The attitude usually goes along with a strong, hands-on work ethic for an […]
Do you like it?
August 4, 2015
August 4, 2015
Categories
A “deal killer” in financing is one that stops the approval review process right in it’s’ tracks. The finance request is dead and the chances of getting approved are gone. The deal killers are clear and usually well defined but somehow businesses still submit applications with these killers on the […]
Do you like it?
July 21, 2014
July 21, 2014
Categories
We have a new program for small ticket equipment financing which approves a client and funds a vendor the very same day. Approval decisions happen within 2 hours so you can use your new equipment right away. This is the fastest finance process in the industry! The Key Points include: Finance amount: […]
Do you like it?