Funding Your Business in Challenging Times
3 Tips to Perform Now Unprecedented times combined with inconceivable uncertainty probably have you asking some big questions about your business right now. Revenues are likely to decline in most sectors in the coming weeks. While the source of the economic pain is expected shorter-term in duration, the recovery for most businesses will take far […]
Easing the Transition to Work-from-home Technologies
The Upward Trend Work-from-home trends have been increasing for years. 44% growth in the previous five years 91% growth in the previous ten years 159% growth in the previous 12 years And in a post-COVID-19 world, these numbers may see their most substantial spike ever. The Reason for the Rise: Technology Internet bandwidth and speed, […]
Is There an Easier Way to Upgrade Equipment?
The End of Costly Replacement Emergencies The commercial truck industry is requiring everyone to upgrade to more emissions friendly engines. Many industries are upgrading equipment to include GPS asset tracking technologies. IT equipment needs to be upgraded seemingly every hour and a half. Whether part of a regulatory move, efficiency gains, or the requirement to […]
Chasing Technology Advancements
How to Keep Your Business Competitive In a recent Wall Street Journal article, journalists identified 30 trends critical to small business growth. Twenty-two of them were technology-related. Cloud, Mobile, CRM, E-Invoicing, BPO, and a bunch of other funny-sounding words and acronyms that weren’t even a thing 15 years ago. We are all attached to the […]
Protect Your Working Capital
Preserving Cash Flows While you might jump to conclusions about the reasons businesses look for alternative sources of equipment financing, you might be missing the point—preserving working capital relationships. Banks are getting pretty beat up these days. And while there have been a few bad actors, the overwhelming majority of bankers are still there standing […]
Plan Your Equipment Upgrades to Avoid Emergency Decision Making
Long-Term Asset Management Striking the right balance of new and used equipment, long term usage and rental, staying on the cutting edge of technology, and keeping it until the wheels fall off is an increasing problem for mid-sized and large companies. The commercial equipment you count on and capex needs of your business only increase […]
Knowing When to Consult with the Experts
Keeping Things Uncomplicated As a small business owner, you’ve probably been a little underwhelmed by how little some finance providers may know about your business. Sure, they can talk about blended interest rates and residual values or even operate a funny calculator that uses something called reverse polish notation. Yes—that’s a thing. But what they […]
The Best Thing for Your Bank Relationship
Finding Diversification in Your Sources of Capital Many of you may feel your banking relationship is increasingly complicated. Bankers are under more and more pressure to comply with higher and higher standards of regulatory compliance and risk measurement. As their tightening business model evolves, it’s affecting your life too. Decisions take longer and may seem […]
4 Myths of Equipment Financing for your Customers
Common Myths of Equipment Financing The story about NASA developing a space pen while the Russians used a pencil isn’t true. NASA also used pencils. Humans have more than five senses. The actual number ranges from 9 to over 20. Kind of amazing the things we come to believe that are not true. Here are […]
Growing Sales with Challenging Deals
Brokers Often Pass on the Tougher Deals When brokers get a tougher deal done for a customer, it’s a great thing. You’ve helped a customer in a challenging circumstance get the equipment they desperately needed and have built the foundation for a long-term relationship. But far too often, brokers pass on these deals because of […]