Sometimes the most effective manner of planning works backwards. Applying for a small business loan falls into this category. If you know all the reasons a financial lender might say no to your loan application, you can address those areas before applying so that you get the yes you need.
About 67 percent of small businesses fail within their first decade of existence, states the Small Business Administration. A huge part of the problem stems from ineffective planning that leads to ineffective use of the business’ working capital.
Could your company benefit from a business equipment loan? Equipment loans make it possible to expand your business, fine-tune your operations, reduce your bottom line, and ultimately grow revenue through an upfront investment.
Business equipment financing provides capital to buy equipment so that your company has what it needs to grow or continue existing operations. The equipment itself serves as collateral for the loan, but as long as it’s paid within the set terms, you continue to have access to the equipment. However, a default can result in the loss of the equipment […]
If you believe expanding your business could dramatically improve your bottom line but aren’t sure if it’s worth the cost and hassle, you are not alone. Consider the common reasons that businesses expand before making a final decision. Then, review your options to move forward and grow your enterprise.
Spring is typically a time when businesses need to utilize new equipment on new projects. After the slow winter months, you might find yourself short on cash for essential initiatives. In business, having cash available when you need it is crucial. Of all the loans you may apply for, one of the most significant is an […]
If you own a construction business, you know that purchasing new equipment can throw a wrench in your company’s budget and drastically impact your bottom line. Taking advantage of financing options allows you to expand your business without tanking your cash flow or exploding operational costs.
Just about every business stands to benefit from equipment financing. We provide this important form of financial assistance to help businesses that need capital for the purchase or lease of machinery, tools and other necessities required to produce their products. We will help you pay for these essential machines so you can meet demand, stay […]
Owning your own business is an exciting and rewarding prospect, and is often the culmination of years of dreaming and planning. Once a construction business is up and running, unexpected expenses will be a reality. Trying to find funding for those expenses can be a challenge, especially for those who did not have a comprehensive […]
Many businesses find themselves experiencing a financial shortfall during the winter months. Whether it’s because business is slower during the winter or because the annual budget has been expended, small business owners may find themselves looking for small business loans. And this isn’t necessarily a problem — unless a business owner procrastinates. Failure to procure […]