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We were doing a little market research into turf equipment and found a website that enlightened us on the massive quantity of equipment involved in professional landscaping work, and we’re not going to lie, we got a little sidetracked looking at all the benefits of these exotic pieces of equipment and how they can aid any landscaping professional improve their craft. We almost got excited enough to purchase our own tools to help us in our amateur hour project of keeping our newly laid sod alive outside our office… maybe we’ll leave that to the professionals… and just hope for a little more rain.

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Woodworking takes a lot of considerable skill. Professional woodworkers are highly sought-after by homeowners, hobbyists, collectors, and more! There are woodworkers of all kinds who have made a career out of their love for their craft. This may be applicable to you! There are also many hobbyists who want to leverage their skill into creating a business of their own. We won’t be the first to tell you that woodworking and business are two very different skill sets. For you, the established woodworking professional, or you, the burgeoning entrepreneur, you will need to plan on how you will continue to grow your business and how your acquisition of equipment will play into that plan so that you don’t shave down your savings.

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Eat, Drink, and Ping Pong!

Where: No Other Pub in Kansas City’s Power and Light District

When: May 18th from 4-7 ~ don’t miss this!

Food, Drink, Good Times, & Ping Pong.

Come play, watch, & enjoy.

For those that are serious about table tennis… this is a tournament, an event of EPIC scale with minimalist cash prizes & tiny little trophies!

BYOP: Bring your own paddles & No Other Pub will have some too!

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Mobile Onsite Concrete Mixers have changed the game for many involved in concrete projects. These valuable pieces of equipment can save you money over time, most notably by implementing a Proportioning System, reducing the waste of concrete mixing materials by measuring by volume, not weight, so you can get a consistently mixed, perfect pour every time. You can see how this would be a fantastic addition to any job site.

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We found a great survey online from U.S. Bank, as reported on by “The Independent Voice of Equipment Finance” Monitor Daily – found here

This annual survey found that “business owners are more optimistic now than any time in the eight year history of the U.S. Bank Small Business Annual Survey.” The businesses in question needed to have less than $10 million in annual revenue to participate in this survey, and half of the businesses reached out to were under $200,000. With the survey taking place in January and February of this year, it’s looking like 2017 will be the Year of the Small Business.

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In a recent independent survey of 1412 Small Business Owners (less than $10,000,000 in revenue) that make at least 2 equipment purchases per year, the top 3 reasons people returned to a dealer for their next equipment purchase were:

  1. Affordability
  2. Relationship
  3. Brand

Of those that chose affordability as a primary influence on their decision, 94% said they would likely return to a dealer if they offered a successful finance alternative.

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Have you ever wanted to know what small business owners are thinking or doing when it comes to buying commercial equipment? Here are 10 big stats that might make you rethink a few things:

  1. 73% of small businesses are more likely to first connect with a dealer that has finance information on their website
  2. 81% of small businesses prefer the importance of payment over equipment sales price
  3. 77% of small businesses prefer the impact of payment over interest rate
  4. 9% of dealers bring up “money” in the first 3 sales conversations
  5. 84% of small businesses are without a financing plan when starting an equipment search
  6. 41% of small businesses have had to settle for a lesser equipment solution because they had unrealistic financing expectations
  7. 94% of small business owners would return to a dealer that provided a successful financing alternative
  8. 73% of small businesses would rather NOT finance equipment with their bank
  9. How small business equipment searches begin:
    • Google – 81%
    • Email advertisement – 11%
    • Printed Equipment Sales Magazine – 4%
    • Dealer Visit – 2%
    • Dealer outreach – 1%
    • Other 1%
  10. Top factors in equipment decisions
    • Availability
    • Affordability
    • Vintage
    • Functionality
    • Brand

This data comes from a research firm hired by a marketing company that works with commercial equipment dealers. As you review these stats and think about your approach to equipment sales, feel free to reach out. For more than 30 years SLS has made commercial equipment more affordable for sales businesses and easier to sell for dealers.

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Asphalt, also known as bitumen, is a sticky, black and highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product; it is a substance classed as a pitch. Until the 20th century, the term asphaltum was also used. The word is derived from the Ancient Greek ἄσφαλτος ásphaltos.

en.wikipedia.org · Text under CC-BY-SA license

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Members of the SLS Financial Broker Division will be attending & exhibiting at the NAELB Annual Conference in Memphis~ April 27 – 29.

We assist brokers with underwriting their customers that may not fit into a traditional box, yet have a compelling story. 

The NAELB is one of the premier Associations for Commercial Equipment Brokerage organizations and we are delighted to be a sponsor of this year’s annual conference. 

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Let’s get the obvious out of the way –

Funding for start-ups and new in business is much more difficult to obtain and rates are (usually) significantly higher as compared to established businesses. (Your bank and the SBA may be exceptions to this general rule.)

Your best option, if you have adequate net worth and liquidity, may be your bank, or other appropriate options include using an SBA Loan (https://www.sba.gov/) or a home equity loan. However, for the vast majority of New-to-the-World companies, HOW and WHERE to obtain funding, is a crucial question.

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