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Business Owners

Enjoy Your Labor Day! (Out of Office)

By Business OwnersNo Comments

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…

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Breaking down the credit mystery: Character

By Business OwnersNo Comments

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”…

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Business Loans & Equipment Leases for new businesses and the more challenging credit composite

By Business OwnersNo Comments

What’s your rate?  Great question ~ and let’s face it, yields for non-traditional borrowers are indeed higher – and justifiable so. But don’t let a higher cost of capital deter your desire to make big things happen in your industry. The equipment or capital is what matters most.   Most businesses count on new equipment and capital to increase revenues, win…

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A Comprehensive Guide to Excavation Equipment Leasing and Financing Options

By Business Owners2 Comments

Here is what we know! Updating excavation equipment is favorable when wishing to increase the efficiency and quality of your fleet.  From a lending perspective, earthworks equipment represents an outstanding collateral value because of their long life and strong resale value. Summary: Underwriting for excavation equipment and earth work equipment should be relatively easy to finance with good credit. Let’s…

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Understanding the Financing Process

By Business OwnersNo Comments

Purchasing capital assets is an integral part of every business. Whether the purchase be for a replacement, or for future sustained growth, you have put in the time researching, testing, and comparing countless pieces of equipment to find the one that best fits your business. Now here comes the fun part… the actual transaction of purchasing the equipment. There are…

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