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Equipment Leasing and Financing for Startup Septic Industry Enterprises

America, the Beautiful – the Land of Opportunity.

Opportunity often requires capital, and this is most often the case for NEW IN BUSINESS Septic Professionals.

The new/newer in business companies carry a higher risk for many lenders ~ so what options do you have out there to buy the equipment you need to hit the ground running?

Options:

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Great by Choice (pt. 2)

You can find our last post in the Great by Choice series here: Fanatic Discipline (20 Mile March)

One of the first books our employees are given on their first day at SLS is “Great by Choice” by Jim Collins and Morten T. Hansen, which looks at why some companies thrive in uncertainty and chaos, and why others don’t. What draws us to this particular book is its focus on quantifiable data to lead you to the conclusions of what made these companies excel in their industries. There are three main points that we will cover in three blog posts, so that we can hopefully give you some insights that will help you become GREAT BY CHOICE. And to that end … let us know when we can assist. We’re more than a commercial lender. We’re your partner in business. Call us at 816.423.8021

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Thank you for visiting our blog! We know you probably won’t be visiting our site every day, so if you would like to stay up-to-date on our blog posts, follow us on social media! Though we have a number of industry-specific posts, we like to highlight many business-enhancing tips that we know you will find useful in the long run. Like we’ve said, we want to be more than your financial services provider, we want to be your partner in business.

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Breaking down the credit mystery: Conditions

As we continue to unpack the core components of credit decisions (called the five “C’s” of credit) in a series of short articles that remove the mystery and arm you with the information to succeed with financing, it is important to understand that your surroundings matter. Today we are looking at “Conditions”:

The Economy

The economic environment surrounding your business has an impact on your ability to obtain credit. In 2008, the financial crisis nearly halted the construction industry. Backlogs lightened across almost every sector of the business and while there were thousands of very strong construction companies out there, the future was clearly uncertain to all. Because of this, lenders had to adjust their investment models to account for the higher risk—even if individual companies within that industry still showed consistency and financial strength.

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The fall season is finally here. Fall is unquestionably the best time of year. The long 7-month wait for football to return is over, perfect weather makes for excellent cookouts with friends, Thanksgiving allows us to stuff our faces alongside our loved ones, and yes, of course, the return of pumpkin spice everything.

However, looking forward, in only a few short months, Americans will begin their annual quest to “get in shape” and/or “lose that holiday weight”. On average Americans only gain about one pound during the holiday season (Thanksgiving to New Year’s), but in a study done by the New England Journal of Medicine the average American has a perceived weight gain of 7-10lbs! This perception, along with the number one New Year’s Resolution to get fit, presents a huge opportunity for gym owners to take advantage of the huge demand for annual memberships. But, with 31,000 gyms around the country, how can a gym stand out in this $21.8 billion-dollar industry?

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Great by Choice

You can find our next post in the Great by Choice series here: Empirical Creativity (Fire Bullets, Then Cannonballs)

One of the first books our employees are given on their first day at SLS is “Great by Choice” by Jim Collins and Morten T. Hansen, which looks at why some companies thrive in uncertainty and chaos, and why others don’t. What draws us to this particular book is its focus on quantifiable data to lead you to the conclusions of what made these companies excel in their industries. There are three main points that we will cover in three blog posts, so that we can hopefully give you some insights that will help you become the great company you’re meant to be. Let us know if we can help you become Great by Choice! We’re more than a commercial lender. We’re your partner in business. Call us at 816.423.8021

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We always like staying on top of the latest news for the industries we work with, so we were happy to receive the August issue of Pumper magazine (the Midwest edition) which focuses on the liquid waste industry and the various equipment types the industry employs – you can find their website here. There are so many exciting developments and opportunities on the horizon that we know will play huge roles in your business. Growing trends like alternative-fuel work trucks can save you money over time by way of reducing the gasoline consumption of your fleet (page 50 “Clean Fleet Partnership Saves Fuel Costs” – here’s a breakdown of the pros and cons of each fleet energy type).

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Have you ever thought …

  • The financing process is too hard.
  • It’s a game where I feel like my lender is an adversary.
  • Financing takes too long and makes me feel like I’m on trial.

These are just some of the comments that emerged from recent third party research about financing for small businesses.

And if you have ever felt like this…just know there is a better way.

Here’s how it should work:

People matter most.
A commercial lending relationship has to go beyond a one-page application, an interest rate and a payment. While speed and simplicity are important, a lender without the qualitative understanding of your business, specific project understanding, where you’ve been and where you’re headed will likely leave you with unreliable experiences sooner or later. A lender that invests in you, just as much as they do “the transaction” is interested in a relationship. They understand that this is not the only need you will ever have and if they take the time to really understand your business, offering competitive solutions in a simple straightforward process, they’ll keep you coming back.

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The offices of SLS Financial Services (Kansas City, Sioux Falls, Pratt, Seattle, Houston, Minnesota) will be closed on Monday, September 4th to honor Labor Day. We hope you and yours have a safe and fun holiday! We will be back on September 5th to help you with your equipment lending needs.

In the meantime…

Did you know that Oregon was the first state to make Labor Day an official public holiday in 1887? It didn’t become an official federal holiday until 1894! Learn a little bit more about the unofficial end of summer, and let us help you get ready for the last quarter of the year:

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Breaking down the credit mystery: Character

Every day, our staff spends time educating business owners on the impact of their credit on finance needs. In this heavily financed world, there is still a great deal of mystery to most small businesses around how financial institutions evaluate them. So let’s unpack the core components of credit decisions (called the five “C’s” of credit) in a series of short articles that remove the mystery and arm you with the information to succeed with financing. Today we’re looking at “Character”:

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