Posted July 15, 2019

Reluctant to buy new equipment because of existing debt load? We get that. It’s not good business to overextend yourself. But sometimes it’s possible to improve cash flow, consolidate existing...

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Posted June 25, 2019

When discussing an equipment loan, many companies begin with the question, “What is the interest rate?”. What most people don’t understand is that interest rate is actually a very small component...

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Posted April 30, 2019

You’ve determined that your business needs a new piece of equipment. Great. You’ve already found the perfect machine – it’s shiny and new (or maybe shiny and used), but you don’t have cash to pay...

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Posted March 21, 2019

We’re all familiar with the phrase “save for a rainy day”, which basically cautions us to reserve capital for some future, as-yet-unknown, need. While many businesses do have some cash reserves,...

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Posted February 01, 2019

When it’s time to purchase equipment for your business, there are a few things to consider before you shop. If you take time to evaluate these three things you will better prepared for the search...

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Posted January 22, 2019

With growing freight demands and a shortage of drivers, transportation companies are forced to come up with alternative solutions to keep up with business and stay competitive. The booming economy...

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Posted December 03, 2018

Heavy equipment auctions present great opportunities for business owners to purchase good-quality, affordable machinery at an advantageous price point. While taking advantage of significant cost...

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Posted November 30, 2018

After the economic downturn in 2009, many contractors began to shift toward renting equipment versus purchasing. Many were not comfortable with the financial risk involved with owning equipment,...

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Posted October 17, 2018

Over the years many companies have saved on their taxes by taking advantage of Section 179 and Section 168(k) of the IRS Tax Code. While originally adopted in 1958, there have been a great many...

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Posted September 06, 2018

When I was growing up, my parents bought a brand-new car every 2-3 years. They always paid cash and they always got top dollar for their trade-ins. My dad credited his ability to get top-dollar to...

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Posted August 13, 2018

Aesop tells the story of an ant and a grasshopper and how the ant worked diligently through the summer to store up food for the winter, and how the grasshopper showed up at winter asking for food,...

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Posted July 20, 2018

Reinvesting in your business can improve your position in the extremely competitive manufacturing industry. While some smaller shops can manage their business with entry level equipment, we are...

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Posted June 18, 2018

Financing equipment can be confusing, especially when you begin evaluating the options for financing terms. But it doesn’t have to be difficult. Here are a few questions you should ask to better...

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Posted April 30, 2018

This article is the fourth in a four-part series that addresses the new tax law and some of the impact it will have on companies that purchase heavy equipment and are looking for equipment...

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Posted April 16, 2018

This article is the third in a four-part series that addresses the new tax law and some of the impact it will have on deducting business expenses for companies that purchase heavy equipment and...

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