We hope you-all enjoyed a wonderful Thanksgiving weekend full of food and fun. Last week, the branches of SLS got together for our annual meeting in Kansas City, and had a little fun at Topgolf the night before. What a great way to start the holiday! Thanks to our guest speakers, and thanks to all of you for a great year! Let’s close out strong.

 

Today, we’re continuing our series of podcast shorts with our tenth episode, looking at a life cycle approach to equipment management and financing.

(You can find our first episode on the credit evaluation process here, and the second episode on the benefits of pre-qualification here)

Throughout this series, we’ll be covering bite-sized topics that will help you better understand our values and our processes, as well as tips that will help you make better decisions during your periods of growth, or equipment acquisitions. If you have any topics you would like us to cover in the future, don’t hesitate to reach out. My contact information can be found at the bottom of this post.

In this episode, we’re focusing on a life cycle approach to equipment management and how you can benefit your business by planning out your long-term plan for the equipment before financing. Take a listen and let us know if the points we brought up have helped in your commercial lending process! We’ve always focused on making financing and leasing uncomplicated, and we hope to live up to that promise with this easy to digest podcast so that you can keep focusing on what’s most important – your business. Enjoy!

Dump Truck Financing and Leasing

Looking to finance or lease a new or used dump truck? You’ve come to the right place! We have the commercial lending experience in your industry that we know will help us become a good fit for your business. We like to keep commercial lending uncomplicated, so you can get back to what you do best… running your business! So what questions do you have? Let’s run through some common questions we get right off the bat. If you’d like to get talking right away, you can find some contact information at the bottom of this post, or go ahead and chat with a representative at the bottom right of the screen. Let’s get started!

Why Should I Get Financing and Leasing for Dump Trucks Through SLS Financial?

We’ve worked with many companies over the years to help them get the funding they need for their own dump truck. Experience matters, and we’ve been assisting businesses with Uncomplicated Commercial Lending since 1986. We’ll give it to you straight, and help you find the best option for funding for your dump truck. You have a story, and we want to be a part of it.

Who Can We Help with Dump Truck Financing and Leasing?

We’ve occupied a space in this industry as a general lender, and we’re proud of our ability to help business owners of varying credit strengths, and time-in-business. As we mentioned above, whether you’re a start-up, or an established enterprise, we’d be happy to take a look at your situation. We know there is an applicant behind the application, and we appreciate the story that comes with that. We love building relationships with businesses across the country, and have enjoyed fostering these relationships with businesses for many years. Feel free to reach out at any time, and we’ll be happy to explore a package that will work right for your particular situation.

What are the Benefits of Dump Truck Financing and Leasing?

Dump trucks can be expensive. Even if you have the cash on-hand to make the purchase, this can have a ripple effect on your business if you’re not set-up for this large of an expense (check out our podcast on why you should never use working capital to finance equipment). When you use dump truck financing and leasing the correct way, with the increased profitability you will be seeing with your new truck, the equipment will essentially pay for itself over time. Again, you will be looking for an experienced lender that can work with you to make this process work as intended, but trust us, we’ve got you covered there. There are even some tax benefits you may qualify for if you finance or lease your truck this year (see our Section 179 article here).

Who Do I Contact for Dump Truck Financing?

There are a couple ways you can get into contact with SLS. I’m available on the chat you see on the bottom right of your screen if you want to get talking right away. You can also find my contact information at the bottom of this post. I will be happy to lead you to a rep that can assist you in your particular industry. We’re excited for this chance to show you what we’re all about, and we look forward to the opportunity of assisting.

Talk to you soon!

(Here’s our previous article on used dump trucks: https://slsfinancial.com/creative-dump-truck-financing-used/)

 

Brian Soetaert

816.587.7375

bsoetaert@slsfinancial.com

The Truth About Early Pay-Offs (for Commercial Lending) [SLS Financial Podcast Shorts #9]

Today, we’re continuing our series of podcast shorts with our ninth episode, looking at the truth about early pay-offs for commercial lending.

(You can find our first episode on the credit evaluation process here, and the second episode on the benefits of pre-qualification here)

Throughout this series, we’ll be covering bite-sized topics that will help you better understand our values and our processes, as well as tips that will help you make better decisions during your periods of growth, or equipment acquisitions. If you have any topics you would like us to cover in the future, don’t hesitate to reach out. My contact information can be found at the bottom of this post.

In this episode, we’re focusing on the what you need to know about early pay-offs in commercial lending. We’re looking at various pay-offs that may be applicable to your situation. Take a listen and let us know if the points we brought up have helped in your commercial lending process! We’ve always focused on making financing and leasing uncomplicated, and we hope to live up to that promise with this easy to digest podcast so that you can keep focusing on what’s most important – your business. Enjoy!

Drop Deck Trailer Financing and Leasing

Looking to finance or lease a new or used drop deck trailer? You’ve come to the right place! We have the commercial lending experience in your industry that we know will help us become a good fit for your business. We like to keep commercial lending uncomplicated, so you can get back to what you do best… running your business! So what questions do you have? Let’s run through some common questions we get right off the bat. If you’d like to get talking right away, you can find some contact information at the bottom of this post, or go ahead and chat with a representative at the bottom right of the screen. Let’s get started!

Why Should I Get Financing and Leasing for Drop Deck Trailers Through SLS Financial?

We’ve worked with many companies over the years to help them get the funding they need for their own drop deck trailers. Experience matters, and we’ve been assisting businesses with Uncomplicated Commercial Lending since 1986. We’ll give it to you straight, and help you find the best option for funding for your drop deck trailer. You have a story, and we want to be a part of it.

Who Can We Help with Drop Deck Trailer Financing and Leasing?

We’ve occupied a space in this industry as a general lender, and we’re proud of our ability to help business owners of varying credit strengths, and time-in-business. As we mentioned above, whether you’re a start-up, or an established enterprise, we’d be happy to take a look at your situation. We know there is an applicant behind the application, and we appreciate the story that comes with that. We love building relationships with businesses across the country, and have enjoyed fostering these relationships with businesses for many years. Feel free to reach out at any time, and we’ll be happy to explore a package that will work right for your particular situation.

What are the Benefits of Drop Deck Trailer Financing and Leasing?

Drop deck trailers can be expensive. Even if you have the cash on-hand to make the purchase, this can have a ripple effect on your business if you’re not set-up for this large of an expense (check out our podcast on why you should never use working capital to finance equipment). When you use drop deck trailer financing and leasing the correct way, with the increased profitability you will be seeing with your new trailer, the equipment will essentially pay for itself over time. Again, you will be looking for an experienced lender that can work with you to make this process work as intended, but trust us, we’ve got you covered there. There are even some tax benefits you may qualify for if you finance or lease your truck this year (see our Section 179 article here).

Who Do I Contact for Drop Deck Trailer Financing?

There are a couple ways you can get into contact with SLS. I’m available on the chat you see on the bottom right of your screen if you want to get talking right away. You can also find my contact information at the bottom of this post. I will be happy to lead you to a rep that can assist you in your particular industry. We’re excited for this chance to show you what we’re all about, and we look forward to the opportunity of assisting.

Talk to you soon!

Brian Soetaert

816.587.7375

bsoetaert@slsfinancial.com

Why Aren’t More Small Businesses Acting on Growth Plans?

According to the Gallup Small Business Index conducted January 3-9, 2018, 52% of business owners reported revenue growth over the preceding 12 months, an 11-year high.

Business owners are feeling a level of optimism they haven’t in a long time, and after sitting on growth plans for years – or not bothering with them at all – they’re signaling that they’re ready to act.

According to the National Federation of Independent Business, a record number of small business owners believe economic and business conditions are right to put their growth plans into action.  Yet when asked why only 38% of small businesses have acted on a new growth initiative they point to “access to capital”. Why aren’t more small businesses acting on growth plans?

“Access to capital” is the phrase that might be causing the disconnect. When a small business owner looks to enact a plan for growth, they often allow “access to their own capital”, or their current cash position, to stand in their way. Matching expenses to revenues is the secret sauce of any growth initiative. Whatever your idea for growth, the new revenues are unlikely to arrive instantaneously once you write the first checks to cover the growth expenses. It takes time. And that’s the problem.

Significant cash outlay before new revenues arrive create a cash drain on company operations that is somewhere between painful and intolerable. Think of the new equipment required to support the new customer contract. It may take 30-60-120 days or more to ramp up to a production level that begins to justify the up-front investment required to get things going.

The bigger the investment, the bigger the gap. Expanding into a new product or service offering? Opening a new location? Not only do these items require a larger capital investment (and the associated near-term cash crunch), most of the time they take longer to achieve the revenue support level that aligns with your growth vision.

But a little confidence in the finance game can help you overcome the “caution” you may be feeling. By using a lending partner that can allow you to preserve your cash reserves and protect delicate bank lending relationships, you can start acting on those growth plans. Maybe it’s a no-payment for 90 days, 100% financing equipment structure or even financing in those installation or delivery costs to further preserve your cash, a creative lending partner you can trust…can help.

SLS has helped business owners grow with uncomplicated financing for over 30 years. If you have a growth plan that is on the shelf because of the short-term cash impact it might cause…let’s talk.

Grapple Truck Financing and Leasing

Looking to finance or lease a new or used grapple truck? You’ve come to the right place! We have the commercial lending experience in your industry that we know will help us become a good fit for your business. We like to keep commercial lending uncomplicated, so you can get back to what you do best… running your business! So what questions do you have? Let’s run through some common questions we get right off the bat. If you’d like to get talking right away, you can find some contact information at the bottom of this post, or go ahead and chat with a representative at the bottom right of the screen. Let’s get started!

Why Should I Get Financing and Leasing for Grapple Trucks Through SLS Financial?

We’ve worked with many companies over the years to help them get the funding they need for their own grapple truck. Experience matters, and we’ve been assisting businesses with Uncomplicated Commercial Lending since 1986. We’ll give it to you straight, and help you find the best option for funding for your grapple truck. You have a story, and we want to be a part of it.

Who Can We Help with Grapple Truck Financing and Leasing?

We’ve occupied a space in this industry as a general lender, and we’re proud of our ability to help business owners of varying credit strengths, and time-in-business. As we mentioned above, whether you’re a start-up, or an established enterprise, we’d be happy to take a look at your situation. We know there is an applicant behind the application, and we appreciate the story that comes with that. We love building relationships with businesses across the country, and have enjoyed fostering these relationships with businesses for many years. Feel free to reach out at any time, and we’ll be happy to explore a package that will work right for your particular situation.

What are the Benefits of Grapple Truck Financing and Leasing?

Grapple trucks can be expensive. Even if you have the cash on-hand to make the purchase, this can have a ripple effect on your business if you’re not set-up for this large of an expense (check out our podcast on why you should never use working capital to finance equipment). When you use grapple truck financing and leasing the correct way, with the increased profitability you will be seeing with your new truck, the equipment will essentially pay for itself over time. Again, you will be looking for an experienced lender that can work with you to make this process work as intended, but trust us, we’ve got you covered there. There are even some tax benefits you may qualify for if you finance or lease your truck this year (see our Section 179 article here).

Who Do I Contact for Grapple Truck Financing?

There are a couple ways you can get into contact with SLS. I’m available on the chat you see on the bottom right of your screen if you want to get talking right away. You can also find my contact information at the bottom of this post. I will be happy to lead you to a rep that can assist you in your particular industry. We’re excited for this chance to show you what we’re all about, and we look forward to the opportunity of assisting.

Talk to you soon!

Brian Soetaert

816.587.7375

bsoetaert@slsfinancial.com

Today, we’re continuing our series of podcast shorts with our eighth episode, looking at how the new tax law affects equipment acquisition decisions.

(You can find our first episode on the credit evaluation process here, and the second episode on the benefits of pre-qualification here)

Throughout this series, we’ll be covering bite-sized topics that will help you better understand our values and our processes, as well as tips that will help you make better decisions during your periods of growth, or equipment acquisitions. If you have any topics you would like us to cover in the future, don’t hesitate to reach out. My contact information can be found at the bottom of this post.

In this episode, we’re focusing on the new tax law that was passed earlier this year. There are five main points that we cover in the podcast, including changes to Section 179, which we’ve talked about on the blog before.. Take a listen and let us know if the points we brought up have helped in your equipment acquisition process! We’ve always focused on making financing and leasing uncomplicated, and we hope to live up to that promise with this easy to digest podcast so that you can keep focusing on what’s most important – your business. Enjoy!

Advantages of Loans vs. Leases

Equipment Leasing Or Equipment Financing

That is the question.

LEASE vs. BUY is a common question when acquiring capital assets for a business. All things being equal, it is usually more advantageous to buy (finance) rather than lease especially thanks to Section 179 (https://en.wikipedia.org/wiki/Section_179_depreciation_deduction) ~ however there are exceptions and those are usually centered on two main fronts.

CASH FLOW:

https://www.investopedia.com/terms/c/cashflow.asp.

Leasing assets should, in theory, provide a lower payment. This is especially dependent upon the value of the equipment at the expiration of the lease term. This is known as the lease residual. The higher the residual value… the lower the payment during the lease term. Beyond that, the transference of tax benefits to the lessor should further decrease the lease payments. In short ~ Lower Payments improve cash flow.

And here is another compelling reason why a company might consider leasing.

Taxable Income: Another area that leasing may be beneficial relates to the lessee’s (the company acquiring equipment) taxable income. Tax rates and taxable income may, when the lessee has limited taxable income, allow for lower payments for them if the lessor can use those tax benefit.

Taxable Income: https://www.investopedia.com/terms/t/taxableincome.asp

Cash Flow, Taxes, Balance Sheet and a few other financial considerations might round out the longer list of why to lease versus buy / finance. Further, each situation is unique and thus should be address by a competent professional like your accountant! We are happy to help too & would welcome your call.

Doug Fuller

816.423.8021

dfuller@slsfinancial.com

Fuel Truck Financing and Leasing

Looking to finance or lease a new or used fuel truck? You’ve come to the right place! We have the commercial lending experience in your industry that we know will help us become a good fit for your business. We like to keep commercial lending uncomplicated, so you can get back to what you do best… running your business! So what questions do you have? Let’s run through some common questions we get right off the bat. If you’d like to get talking right away, you can find some contact information at the bottom of this post, or go ahead and chat with a representative at the bottom right of the screen. Let’s get started!

Why Should I Get Financing and Leasing for Fuel Trucks Through SLS Financial?

We’ve worked with many companies over the years to help them get the funding they need for their own fuel truck. Experience matters, and we’ve been assisting businesses with Uncomplicated Commercial Lending since 1986. We’ll give it to you straight, and help you find the best option for funding for your fuel truck. You have a story, and we want to be a part of it.

Who Can We Help with Fuel Truck Financing and Leasing?

We’ve occupied a space in this industry as a general lender, and we’re proud of our ability to help business owners of varying credit strengths, and time-in-business. As we mentioned above, whether you’re a start-up, or an established enterprise, we’d be happy to take a look at your situation. We know there is an applicant behind the application, and we appreciate the story that comes with that. We love building relationships with businesses across the country, and have enjoyed fostering these relationships with businesses for many years. Feel free to reach out at any time, and we’ll be happy to explore a package that will work right for your particular situation.

What are the Benefits of Fuel Truck Financing and Leasing?

Fuel trucks can be expensive. Even if you have the cash on-hand to make the purchase, this can have a ripple effect on your business if you’re not set-up for this large of an expense (check out our podcast on why you should never use working capital to finance equipment). When you use fuel truck financing and leasing the correct way, with the increased profitability you will be seeing with your new truck, the equipment will essentially pay for itself over time. Again, you will be looking for an experienced lender that can work with you to make this process work as intended, but trust us, we’ve got you covered there. There are even some tax benefits you may qualify for if you finance or lease your truck this year (see our Section 179 article here).

Who Do I Contact for Fuel Truck Financing?

There are a couple ways you can get into contact with SLS. I’m available on the chat you see on the bottom right of your screen if you want to get talking right away. You can also find my contact information at the bottom of this post. I will be happy to lead you to a rep that can assist you in your particular industry. We’re excited for this chance to show you what we’re all about, and we look forward to the opportunity of assisting.

Talk to you soon!

Brian Soetaert

816.587.7375

bsoetaert@slsfinancial.com

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