equipment financing

September 5, 2023

Key Reasons a Business Owner Would Not Want to Finance Equipment

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, […]
June 16, 2023

How does the current prime interest rate of 8.25% in the United States affect commercial lending rates?

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 […]
May 11, 2023

HOW DOES A FINANCE BROKER ADD MORE VALUE THAN WORKING WITH YOUR BANK

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 […]
April 7, 2023

Business Owners Have No Time to Waste

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 […]
December 31, 2022

2022 – A Year of Change

A challenging year for many companies; those that adapt to the new environment will continue to thrive and grow. A prosperous and healthy 2023 to all!
December 14, 2022

SBA 7a Loans – Benefits You Just Can’t Beat

The U.S. Small Business Administration (SBA) offers guaranteed commercial loans by the federal government for small businesses. These loans are offered through approved partners and not directly through the SBA and First US Finance is one of those partners. SBA 7a loans are great for businesses that want to refinance […]
September 19, 2022

The 5 Secrets of Equipment Financing

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 […]
February 5, 2022

Which Credit Funnel Works Best for Your Business?

In the finance world, there are lenders with wide credit funnels or approval criteria and ones with very narrow funnels. That means if a lender has wide credit parameters they are much more willing to approve a broad range of credit types; credits with defaults, slow payment history, inconsistent cash […]