Buying used equipment can be a great way to obtain additional equipment at reasonable prices, and while it’s often easy to find available used equipment, there are some factors you should consider...
Recently we provided a brief review of 2020 and some of the business lessons learned from the chaos and struggles. One of the main points in that article was that the industries served by CCG -...
The year of 2020 was certainly one to remember. Although many would like to forget about it and leave it all behind, there are things that can be learned from what happened. Here is what we...
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 of...
Heavy equipment auctions present great opportunities for business owners to purchase good-quality, affordable machinery at an advantageous price point. In addition to significant cost savings...
Recently Julie Murphy, our VP of Marketing, talked with tax professionals from Dixon Hughes Goodman LLP to get their take on some of the most important topics to discuss with your tax advisor, for...
When most people think about equipment financing, they think in terms of a specific purchase of either new or used equipment. But there are many other reasons to finance, or refinance, equipment. In...
Most of us have heard about or read about people being scammed. In fact, the Federal Trade Commission reported for 2018, that 1.4 million Americans reported instances of fraud, losing $1.48 billion...
Commercial Credit Group Inc. (CCG) is in the equipment finance business. Since the company’s founding in 2004 we’ve been financing equipment for the construction, transportation, and waste...
Many businesses have hidden capital in the form of equipment assets. The value of this equipment can run the gamut from a few thousand dollars to millions of dollars. If the actual value of the...
Having worked in equipment finance for more years than I care to admit, I’ve seen a LOT of transactions. Some have been fairly straightforward and simple, some have been extremely complicated, and...
When it comes to financing equipment, many companies use their local bank or credit union. Companies tend to have relationships with these institutions because they handle checking and savings...
Business growth comes in many forms. Winning new customers to grow your customer base. Selling more products to your existing customers. Purchasing a new company to expand your capabilities. And if...
Along with the pressure caused by the national driver shortage, ELD regulations and continued detention rate issues, transportation companies are now feeling the effects of low freight rates. In Q1...
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 debt,...
