The Ultimate Guide to Trailer Financing
Trucking can be a profitable business to get into — but getting started in this industry? That takes resources. Financing and funding to kickstart or expand your trailer business ought to play a central role in your strategy. Prior to making a decision, know that buying tractor-trailers are expensive. Manning, equipping, and maintaining […]
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 […]
How to Finance Medium Duty Trucks
The American economy heavily depends on medium duty trucks to transport vital goods. According to the American Trucking Association, these goods are more than 70% of US freight tonnage. Industries such as hospitals, food, and beverage use these medium duty trucks to move medicines and goods. Needless to say, without trucks, the US economy could […]
Guide to Plumbing Equipment Financing
Plumbing equipment financing is a breeze with First Capital. Thinking of starting a plumbing business? Are you in the plumbing business and need to grow or upgrade your equipment? Learn how you can get all that you need hassle-free. Financing Plumbing Equipment 101 Plumbing equipment doesn’t come cheap. This alone can crush or derail your […]
How to Get Drill Rig Financing
Interested in drill rig financing? You’ve come to the right place. First Capital Business Finance is proud to offer drill rig financing that fits your needs. Read on to learn how to get drill rig financing through First Capital Business Finance. The Steps to Getting Drill Rig Financing A drill rig, or a truck-mounted drill […]
Heavy Duty Tractor & Trailers Factoring
Understanding Commercial Truck Factoring: Commercial truck factoring is a financial solution tailored for trucking companies facing cash flow challenges. In this arrangement, trucking businesses sell their outstanding freight invoices to a third-party financial institution, known as a factoring company. Rather than waiting for clients to make payments on these invoices, trucking companies receive immediate cash […]
Bad Credit Loans Can Save Your Business
Bad credit loans are something you never thought you’d consider. When you inherited the family business you thought you’d expand on the lessons your father learned. But the only thing you learned was that your father was years in debt. There are so many unpaid or past due bills you don’t know where to start. Worse […]
5 Steps to Get a Bad Credit Loan
Bad credit loans are all you think about. You had assumed that opening your own coffee shop would be amazing. You could set your own hours, serve single origin espresso, and really perfect your pastries. But in recent days it’s been nothing but long hours, bills, and a broken coffee machine you spent thousands on. […]