Should You Do a Cash Flow Analysis Before Requesting Financing?
Before you ask a lender for money, it helps to know exactly how much money your business brings in, how much goes out, and what’s left at the end of the month. That’s what a cash flow analysis tells you, and it’s one of the best things you can do before applying for equipment financing. […]
Equipment Finance Agreement vs Traditional Lease: Which Is Better?
If you run excavators, dozers, loaders, or skid steers for a living, the way you finance that equipment matters almost as much as the machine itself. Two of the most common options are an equipment finance agreement (EFA) and a traditional equipment lease. They can look similar on paper, since both come with a fixed […]
Is It Better to Finance, Lease, or Rent Heavy Equipment?
If you’re looking at a piece of equipment your business needs and you’re not planning to pay cash, you have three real options: finance it, lease it, or rent it. All three get the equipment on the job site. The right one depends on how long you need it, whether you want to own it, […]
How to Improve Equipment Financing Approval Odds
If you’ve been declined for equipment financing, or you’re applying for the first time and want to avoid a rejection, the steps you take before submitting your application matter. Lenders and financing programs evaluate several factors together, including credit, time in business, cash flow, equipment value, and how much you’re putting down; and a weak […]
Heavy Equipment Financing: Complete Guide for Businesses
Heavy equipment is expensive, and most businesses do not want to drain their cash just to buy one machine. If you run a construction company, a grading crew, a paving business, a farm operation, or a growing service company that depends on large machines, financing can help you add equipment while keeping more cash available […]
Equipment Financing Can Save Your Business Thousands in Upfront Costs and Taxes
For many small business owners, owner-operators, and independent contractors, the biggest obstacle to growth isn’t a lack of work—it is a lack of equipment. Whether you are looking to add a new excavator to your construction fleet, upgrade to a more reliable semi-truck, or replace an aging tow truck, the price tag of new machinery […]