If you’re in the construction industry, you know that a roller compactor is an essential piece of heavy equipment for handling and compacting soil, gravel, or asphalt. However, this machine can come with a hefty price tag. To get the most out of their purchase, business owners need to factor in all the costs associated with ownership, including maintenance, repairs, and fuel. In this regard, financing or leasing a roller compactor may be a more viable option than purchasing outright. In this article, we’ll explore the ins and outs of financing or leasing a roller compactor and provide some…
How can construction business leaders “recession-proof” their business?  To help you best position your construction business to weather out recessions, we asked construction and other business leaders this question for their best insights. From using contract labor to paying attention to your customers and stakeholders, there are several strategies that you may adopt to help shore up your business operations against any economic recession. Here are 11 strategies these leaders recommend for recession-proofing a construction business: Use Contract Labor Focus on Strategic Marketing Take Care of Existing Debts Now Save Cash Focus on Controlling Cost Implement Inventory Control and…
What is one reason why businesses should pursue a loan for expansion projects? To help you see the value in acquiring a loan for business expansion, we asked startup founders and business owners this question for their best insights. From lowering overall cost of capital to paying for marketing campaigns, there are several convincing reasons why businesses should pursue a loan for expansion projects. Here are 10 reasons these leaders pursue business expansion loans: Lower Overall Cost of Capital Acquire Needed Assets to Move Forward Maximize Purchases Open a New Business Location Weather Tough Economic Times Have Additional Space…
A road grader is an important piece of heavy equipment that can help make construction jobs easier and more efficient. But before purchasing one, you need to know the cost and how to fund the purchase of this rather pricey piece of heavy equipment. In this blog post, we’ll outline the cost of a road grader and provide tips on how to best finance it. What Does a Road Grader Do? A road grader is a construction machine that creates a smooth, level surface on a dirt or gravel road. Road graders are also known as motor graders, maintainers,…
Ditch Witch is a well-known American manufacturer of underground construction equipment. The company offers a variety of machines for digging and trenching, as well as Underground Utility Vehicles (UVs) for installing underground utilities such as water and sewer lines. The Ditch Witch SK800 is one of the most popular models in the company’s extensive product lineup. It is a mid-sized skid-steer loader that is well-suited for a variety of applications, including residential construction, utility work, and landscaping. In this blog post, we will take a close look at the SK800 model to answer the question: how much does a…
When you’re first starting out in the outdoor recreation business, there are a lot of things you need to prepare and purchase. From the cost of setting up your business to the price of purchasing camping equipment, the costs can quickly add up. In order to finance your business needs, you may be considering a variety of options, such as taking out a loan or using personal savings. However, another option that you may not have considered is equipment financing. This article will discuss the benefits of financing camping equipment for your outdoor recreation business. What Is Camping Equipment…
Securing a business loan can be difficult — especially if you don’t have strong personal credit. Beginning entrepreneurs and small business owners often put all of their focus on their business plan and product but what they don’t realize is that their personal credit score can make or break their chances of getting a business loan. Your credit score is one of the first things that lenders will look at when you apply for a business loan. A high credit score signals to lenders that you’re a lower-risk borrower, which means you’re more likely to repay your loan on…
A concrete truck is a vital piece of equipment for any construction business. The cost of a concrete truck can vary depending on the type of truck, the size, and whether you’re buying or leasing. In this blog post, we’ll discuss the cost of a concrete truck, the different types of concrete trucks, and how to finance this purchase. What Does a Concrete Truck Do? A concrete truck, also called a concrete mixer truck, is a vehicle that carries concrete from the batching plant to the construction site. The truck has a revolving drum that mixes the concrete as…
Equipment financing can be a great way for businesses to grow, expand, or jumpstart their operations. By providing the capital needed to purchase equipment, businesses can avoid taking on debt or using funds that could be better used elsewhere. Companies of any size turn to equipment financing providers and brokers to get the equipment they need to keep their businesses running. Small business owners, in particular, find that equipment financing can be a lifeline when they need to purchase expensive equipment but don’t have the cash on hand to do so. Benefits of Equipment Financing For Businesses The benefits…
If you’re in the market for a combine harvester, you’re probably wondering how much one of these machines costs. Top brands like Claas, John Deere, New Holland, Case IH, Massey Ferguson, Kubota, and Lovol can range from $100,000 to $500,000. Of course, you can always find used models for a fraction of the price, but there are a few things to consider before making that purchase. In this guide, we’ll discuss the average cost of a combine harvester, whether it’s better to buy new or used, and why financing is a good option for businesses. If you’re looking to…