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,...
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...
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...
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,...
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...
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,...
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...
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...
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...
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...
This article is the second in a four-part series that addresses the 2018 tax reform and some of the impact it will have on companies that purchase heavy equipment and need equipment financing....
This article is the first 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. This was an interview conducted by...
I grew up in the waste industry, working in the family business my dad started when I was in high school. I worked in the business all the way through undergraduate and graduate school, and my...
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...
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...
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