Posted August 20, 2020

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....

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Posted July 08, 2020

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...

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Posted May 07, 2020

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...

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Posted April 01, 2020

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...

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Posted March 13, 2020

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...

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Posted March 04, 2020

In the busy day-to-day world of running a business, why should you take time off to attend a trade show, exhibition or conference event? To help you run a more effective, efficient and profitable...

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Posted December 30, 2019

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...

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Posted December 17, 2019

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 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 debt,...

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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 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 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 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 January 08, 2018

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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Posted December 18, 2017

It seems like everybody does it, because I see this all the time. The typical go-to strategy for obtaining equipment financing is “rate borrowing”, which focuses on negotiating the lowest interest...

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