When you talk about buying new equipment, the first thing that comes to mind is how much these will cost. Expanding capacity is essential to the growth of small- to mid-sized businesses, but the extra capital to fund major purchases like equipment is almost always not available. Should a business owner sacrifice a part of their operating capital to buy a new machine and just hope for the best? Fortunately, entrepreneurs these days don’t have to be caught in this tough situation. There are equipment leasing options available for those who need equipment now but might not have the…
Having the right audio/visual equipment elevates the way we do business. By using technology to communicate different aspects of a company’s operations to internal teams and customers, a business gains a competitive advantage. Whether you have a growing office or already have a large one that needs to up its game, audio/visual equipment is a staple in the modern workplace. But which AV equipment do you need in business and aren’t these things pricey? True, but not so much if you have help. Let’s review the different types of audio/visual equipment for the workplace and where to get financial…
What is one benefit of leasing capital equipment versus buying? To help business owners decide if they should lease or buy capital equipment, we asked CEOs and business professionals this question for their best insights. From having more ability for one-off projects to increased flexibility in your budget, there are several ways that may help you decide on leasing when it comes to capital equipment for your business’s continued success.    Here are seven benefits of leasing vs buying capital equipment: No Need to Obtain a Loan Fewer Costs for Maintenance Increase Flexibility for Budgets Ability for One-Off Projects…
The global landscaping and gardening services market is expected to expand by $79 billion in 2021, making it a haven for opportunities among those who are interested in starting a business in this industry. North America alone is set to account for 37% of the market share. If you have been contemplating when you should start a landscaping business, now is the right time. One of the key factors to consider is your capital expenditure. Landscaping equipment can be expensive, and you need to be prepared with enough funds to ensure that you have the basic machines to get…
When you need machines for your business in the short term but have limited capital, an equipment leasing broker can provide the help necessary for you to succeed. Often referred to as the middleman, a broker mediates between you (the customer), the equipment manufacturer, and the lender, so that you get the best deal possible. Let’s talk about what an equipment leasing broker does and the advantages of working with one to support your business’ growth. What Does an Equipment Leasing Broker Do? Equipment leasing brokers exist to support businesses in their equipment leasing plans, whether to expand capacity…
According to a trend report by IBIS World, the U.S. mining sector’s market size — based on revenue — is at $473.2 billion as of 2021 (from $421.3 billion in 2020). It is expected to grow further by 12.3% in the same year. This optimistic forecast presents plenty of opportunities for those who are looking to expand their mining businesses or foray into the industry. There’s a catch, though. Mining is expensive, and the equipment investment alone could run into the hundreds of thousands to millions of dollars. With that said, how can small mining businesses and startups keep…
What is one thing small business owners should know about the Section 179 tax deduction? To help small business owners stay informed of the Section 179 tax deduction, we asked tax experts and small business leaders this question for their best advice. From making purchases before the end of the year to being aware of the tax deduction’s limits, there are several insights that may help you when filing taxes and planning your business strategy in the coming years.    Here are seven tips small business owners should know about the Section 179 tax deduction:  Make Purchases Before Year’s…
Your business needs the right equipment to scale, but buying these outright can be expensive. When funds are limited, lenders offer an opportunity to buy what you need to thrive and grow without exhausting your working capital. In this article, we explore the different equipment financing options available to small businesses. Loan or Lease? Before we look at the potential funding sources for your equipment, let’s differentiate a loan from a lease — two terms that are often mistaken for each other. Equipment Loan Equipment Lease Typically requires a 20% down payment Low to zero down payment required Only…