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.

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

Vocational Trucks: Three new stats about old thinking…

In a recent survey of 3685 small business owners that have made a vocational truck purchase in the last 12 months…

78% replace trucks only when reliable operation is a factor

Waiting until the wheels fall off is a very expensive approach to replacing your vocational vehicles. There is no bigger cost to your business than the service interruption to your customer. Even if you can avoid the pain of customer complaints following vehicle failure, it often involves very high rental expenses and the operational challenges of using a generic truck not designed for your business.

Fleets with an average age of 5 years or newer turn over less employees.

No one wants to drive an old, beaten down truck—and the stats prove it. Finding new employees that drive your vocational trucks is a significant expense. Operational disruptions of turnover can include workflow challenges, recruiting, training, certifications and more just to put another resource in the driver’s seat. And those items carry soft and hard costs that far outweigh what a new monthly payment might be for a new truck.

82% sacrifice on specs needed for upfront cost implications

Most business owners are passing on needed features just to save a little money up front. And we’re not talking additional chrome and reflectors here folks. These are major technology features that would help them meet customer needs more effectively or help drivers do their jobs better. An extra $3-10K might look painful up-front, but may only provide a nominal impact to monthly payment. This impact could be overwhelmed by the operational benefits and upside of having the features you really need.

If you are planning on keeping the equipment for as long as you possibly can, waiting for the wheels to fall off before thinking about replacement or sacrificing the specs you need for the up-front cost you want—you just might be adding to your long-term expenses instead of reducing them. A finance partner like SLS can help. For more than 30 years, we’ve been financing vocational trucks in a way that helps business owners make this investment more affordably. If you need some new thinking around this topic, let’s talk.

Brian Soetaert

bsoetaert@slsfinancial.com

816.587.7375

Commercial Trailer Financing and Leasing

We LOVE trailers!

It’s that simple! We… Love… Trailers. When you’ve been financing trailers for over 30 years and you still get excited to help a company finance a trailer, you just know it’s a good fit. SLS has been financing commercial use trailers for over 3 decades now and we still see the value in making sure we keep these programs accessible to the masses.

Why Should I Finance My Commercial Trailer Through SLS Financial?

Where you may find that many banks and lender institutions shy away from trailers in asset-based programs, we understand the true value of a well-built trailer. If cared for, trailers can retain their value for years to come which is why our programs come with no age restrictions. This means you only have to focus on what trailer makes sense for you and your budget.

We have such a good knowledge of trailer financing that this also affords us the opportunity to open up our underwriting guidelines. This means our already industry leading approval rates are just that much better when trailers are involved.

And don’t worry, we understand that 99.9% of the time, if not more, you’re going to need either a truck or some other equipment to pull your trailer around. We’d be happy to help there too, but if you just recently purchased a truck, don’t let this stop you from seeing what we can do to help finance a trailer.

What are the Benefits of Commercial Trailer Leasing?

You’re probably looking to get a trailer to increase the profitability of your company, right? That’s what equipment is for! This means that your new (or used) asset will be making you money. So, think about this… If structured right, it can make more sense for your business to finance a trailer, even if you have the cash on hand to purchase it outright. You want to keep your cash available for other important parts of your business. Would you rather empty your reserves to purchase your trailer immediately, potentially putting you in a bind when emergencies arise? Or would you rather have the equipment contribute to your monthly payments with the increased profits you will be seeing with your new equipment? Your trailer will practically pay for itself! Not a bad deal… So, now that you’ve seen the benefits… What kind of trailers do we finance?

We’ll Finance It All

Don’t let your perception ruin your opportunity to get the trailer you need. We finance all kinds.

Trailers We Finance:

  • Dump Trailers
  • Walking Floor Trailers
  • Lowboy Trailer
  • Tanker Trailers
  • Deck-Over Trailers
  • Utility Trailers
  • Dry Van Trailers
  • Reefer Trailers
  • Car Haulers
  • Logging Trailer
  • In Line Concrete Pump Trailers
  • Food Trailers
  • Commercial Smoker/Grill Trailers
  • Pipe Coil & Reel Trailers

 

There are many more types that weren’t listed and some that may not even been thought of yet. Just remember, if it’s a trailer that can help your business, we can finance it.

If you would like to reach out regarding commercial trailer financing, don’t hesitate to reach out:

John Brock

816.587.7301

jbrock@slsfinancial.com

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