What Industries Will Thrive When We All Go Back to Work?
In early March 2020, America was experiencing some of the lowest unemployment rates the country had seen in decades, coupled with a thriving stock market. While economists had predicted an economic decline for 2020 for a year or more, no one expected a pandemic would be the cause. In just a matter of weeks, the stock […]
5 Ways to Preserve Capital During Slow Times
During slow times, many businesses focus on preserving capital rather than taking out bad credit business loans (although loans can still be a smart option). However, the emphasis is usually on asking for rent relief and putting a hold on vehicle insurance. Here’s a look at these two approaches and three other ways to save money. 1. […]
Is Business Equipment Financing Right for Your Business?
Equipment financing is a popular option for obtaining the capital needed for business essentials. It offers many benefits for large corporations and small businesses alike. Is it the right choice for your company? Here are a few advantages that can help you decide: • Financing for businesses with poor credit • Flexibility for buying the […]
Easy Financing Options for Your Hospitality Equipment
Heavy equipment financing. Your restaurant is only as high quality as your hospitality equipment. Besides, even the best staff can’t compensate for old, ineffective equipment. But such equipment is costly and paying cash to upgrade equipment will put your cash flow at risk. Fortunately, there are easy equipment financing options available for restaurants to obtain the hospitality […]
The Best Way to Manage Your Cash Flow During Your Fitness Facility or Club Renovation
Deciding to renovate your fitness facility with equipment financing is a big step. To put it in another way your investment will prove to be lucrative if you understand how to manage your cash flow. Whether you are adding high tech experiences, upgraded equipment, or remodeled fitness space, upgrades will keep clients coming through the doors. Certainly, these […]
Understanding Factor Rate and How it Determines Your Business Loan Repayment Plan
Unlike personal loans and mortgages, equipment financing/leasing doesn’t account for an interest rate or APR. Instead, the amount of interest you’ll end up paying is calculated using a method called factor rate. A factor rate — is essentially “interest”, but calculated at the outset of the loan and spread across your payments throughout the borrowing […]
Best Business Loans for Bad Credit in 2024
Obtaining small business loans with bad credit can be a stressful task. Not to mention most traditional lenders, like banks, use your credit score to determine your creditworthiness. In general, with poor credit, it makes it that much more difficult to finance your business plans. According to a survey conducted by NSBA, or National Small […]
The Easiest Way to Get Sprinter Vans
You have decided to get Sprinter vans as a new addition to your fleet. Having already used vans and trucks for your business, you know that sprinters are a great choice. The Sprinter lineup consists of the Sprinter Cargo, Crew, and Passenger vans that are available in both gas and diesel engines. Gas engine models […]