Equipment Financing Doesn't Have to Mean a Mountain of Paperwork
When a business owner identifies a piece of equipment the company needs, the next concern is often not the equipment itself. It is the financing process. Many owners assume they will need to prepare a large underwriting package, collect years of financial records,...
The Lowest Equipment Payment Isn't Always the Best Financing Decision
When a business is evaluating equipment, the lowest scheduled payment can be appealing. Lower payments may help preserve cash, support seasonal operations or create more room for payroll, inventory and other commitments. But payment size is only one part of the...
Thinking About Equipment Before Year-End? October Is the Time to Start Planning.
October is a practical time to evaluate an equipment acquisition that your business already expects to make. That does not mean buying equipment simply to obtain a tax deduction. The equipment should make operational and financial sense on its own. It should address a...
Don't Wait for the Equipment to Fail to Make the Replacement Decision
A revenue-producing machine does not have to stop completely before it becomes a business problem. It may still be running while repair costs increase, production slows, parts become harder to find or employees spend more time working around its limitations. By the...
A Profitable Business Can Still Run Short of Cash
A large new order can be good news and a cash-flow problem at the same time. The customer may have accepted the proposal. The work may be profitable. The order may even improve the company's projected results. But before the business receives payment, it may need...