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…
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…
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…
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…
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”…
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…
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…
As we’ve covered in a previous post, the real estate market in Kansas City is robust right now, and buyers and sellers are rightly looking to capitalize on the opportunities this brings. While there are many ways to purchase real estate, there is one option that gets overlooked: Rent-to-Own. While these kinds of properties can be rare, it’s good to…
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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We are SLS Financial / Security Leasing Services, Inc. and S & P Financial Services, Inc. headquartered in Kansas City, Missouri