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…
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!…
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…
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…
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…
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…
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…
Today, we’re continuing our series of podcast shorts with our seventh episode, looking at the shocking correlation between equipment and employee turnover in small businesses. (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…
First of all, let’s look at… What are Soft Costs? Many times on this blog, we discuss the main costs of acquiring equipment, which almost always ends up being the cost of the equipment itself. Pretty straight forward, huh? That doesn’t mean that’s all there is to equipment lending. Often times there are other costs involved, which we like…
We have enjoyed great relationships with concrete construction professionals over our 30+ years in business, and we know what a great asset concrete saws can be. We know that certain models can carry quite a cost, and if you’re getting multiple saws, the cost can add up quickly. Financing and leasing may be good options for your business so you…
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