POSTED: July 26th, 2017
The New Tax Law and Its Impact on Equipment Financing
In an interview with the CPAs at Dixon Hughes Goodman LLC, CCG identifies the impact of the new tax law on companies purchasing heavy equipment. This is the first post of four in a series and covers changes with Section 179 and Bonus Depreciation.
6 Considerations for Optimal Route Value
Focusing on route value is an important strategy for companies in the waste industry, whether they are looking to grow or sell. Read more in this article from Dwane WIlliamson, CCG’s waste expert that once owned a business himself.
Word on the Street About the ELD Mandate
Beginning in early December, failure to have an ELD or AOBRD resulted in a citation, although officials won’t legally start restricting trucks from operating without these devices until after April 1, 2018 for not complying with new transportation laws. Here I will discuss some anticipated results of the ELD mandate. Driver Shortage May Worsen Driver shortage remains […]
Business Loan Checklist: Making the Loan Request Process Work for You
Working in the equipment finance industry and underwriting loan requests for credit for 20+ years, I’ve seen my fair share of credit submittals. One of the questions that often gets asked by customers and vendors alike is “What do I need to provide to get my loan request reviewed quickly?” In this article, I’ll explain how to speed up the loan process and make it work for you.
Are You a Rate Borrower or a Relationship Borrower?
Does getting the best rate mean you’re getting the best value from your equipment financing lender? Read more about the differences between financing with bankers and brokers vs CCG.
3 Ways to Combat the Commercial Driver Shortage
Many of our customers say that they could pick up extra work and purchase additional equipment if they only had people to operate that equipment. We put together a list of ways to combat this driver shortage so that your business has a means to grow.
Construction Equipment Equity: Your “Rainy Day” Cash Solution
Recently, Commercial Credit Group’s Dan McDonough was invited to contribute an article to Construction Executive magazine, and he responded with a thought-provoking piece titled “Find the Hidden Equity in Heavy Equipment.” Dan provides some practical advice for successfully navigating the cash flow roller coaster ride, and shows how one solution can be found in the equity you hold in your existing construction equipment.
Automation – The Future of the Industry
Last week, I had the pleasure of attending South-Tec, a regional manufacturing technology event, held in Greenville, South Carolina. I spoke with multiple distributors and manufacturers about the current state of the industry and the challenges faced by manufacturers. The recurring theme is that the difficulty finding skilled employees is forcing all shops to embrace technology, particularly automation.
Taking Section 179 Depreciation? What You Need to Know
This is the time of year we start to see interest from businesses in exploring the advantages of Section 179 of the tax code and Bonus Depreciation. If you are considering taking advantage of Section 179, here is what you should know.