This article was originally published on Equipment Finance Advisor. The American Institute of CPAs (AICPA) and a coalition of more than 560 organizations representing millions of employers and American workers sent Congressional leaders a letter urging passage of legislation making it...
All businesses require a type of equipment to perform their operational activities. For example, construction companies need bulldozers and excavators, while creative services companies may need long-arm quilting machines. While some businesses can purchase their equipment in full, others may...
Upgrading or purchasing new equipment is influential in helping your business grow. Businesses can get to the point where they have plateaued and need to invest in their business for it to grow and become more profitable. You may need to purchase new technology, machinery, or vehicles. Taking...
If you’re feeling anxious about your financial health during these uncertain times, you’re not alone. That’s why the three national credit reporting agencies are giving people weekly access to monitor their credit report — for free. Now it’s easier than ever to check your credit more often....
Our world has changed tremendously in just a few short months. Business owners who have never financed before or have only used their banks will be looking for alternative finance options – one thing everyone has learned – CASH IS KING – conserve it. Equipment vendors NEED to...
In a recent independent survey of 2412 Business Owners (less than $30,000,000 in revenue): Companies that pay cash for equipment keep equipment longer Companies that pay cash for equipment have higher maintenance expenses Companies that pay cash for equipment have more equipment downtime...
The big picture includes the total cost of a solution, above and beyond the thing itself— services, maintenance contracts, and all those extra pieces that turn the piece of equipment from a dumb box into a smart, connected machine. It also includes understanding the opportunity cost. Will this...
For years, popular “money experts” have preached that you should “never buy with credit what you can buy with cash”. And while this is a nice sentiment, it is more of a ideal state than an actual recommended business practice. Many of these experts have forgotten one of the most universal rules...