POSTED: July 26th, 2017
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.
How to Make the Most of Your Trade Show Visit
The business climate is constantly changing – from new trucks and hauling equipment, to new computer equipment and services, to new regulations – and to stay competitive, you need to stay informed. But how can you justify taking time away from running your business? Read these tips here to get the most out of attending a trade show.
How to Get Working Capital to Expand your Waste Business
If you’re a hauler seeking to expand your business, you typically need to gain access to working capital to fuel your growth. There are several waste equipment financing options that you can use as a source of funding for expansion. Here I’ll explore the pros and cons of these options, plus suggest one additional method you may not have considered, or realized exists.
How to Improve Cash Flow
Reluctant to buy new equipment because of your existing debt load? We get that. It’s not good business to overextend yourself. But sometimes it’s possible to consolidate existing debt, combine it with a new purchase AND still reduce your monthly payments. Learn more about how to improve cash flow in your business.
Looking for Commercial Truck Financing? Look Beyond the Rates
In 2007 I was introduced to a trucking company in the Chicagoland area. I assisted them with financing the purchase of equipment from an unrelated trucking company. The deal closed successfully and our client acquired assets as well as drivers, helping them to grow the business. This was the beginning of a longstanding relationship that would become even more significant in helping them weather financial storms in the years to come.