What is one benefit of obtaining a long-term business loan?  To help you get the right value from long-term business loans, we asked business professionals and leaders this question for their insights. From building long-term credit to locking in favorable terms, there are several upsides to obtaining a long-term business loan. Here are 12 advantages of long-term business loans: Build Long-Term Credit Leverage Lower Interest Rates Take Advantage of Variable Capital Options Grow the Business Keep More Equity Lock in Favorable Loan Terms Reduce the Impact on Cash Flow Gain Access to Increased Funding Lease to Finance Increase Product…
What is one thing to know about seasonal financing and business loans? To help you learn about short-term business financing, we asked financing experts and business leaders this question for their best insights. From bearing in mind the high-interest rates to staying organized for better approval odds, there are several tips that may help you determine if seasonal financing is a good option for your small business.  Here are seven things you should know about seasonal business loans:  Prepare for Unexpected Costs Bear in Mind the High-Interest Rate Use It as a Business Line of Credit Consider Seasonal Financing…
Leasing might be the more practical option for small businesses that do not foresee long-term use of equipment or don’t have enough capital to purchase it outright. When you lease equipment, you have the option to either buy the item at a lower price or lease another brand new machine at the end of the term. Knowing how an equipment lease calculator works and the steps to compute a lease allows you to estimate the possible cost of doing so. This guide discusses the typical equipment lease rates, terms, and costs and some advice on computing how much you…
What is one tip to treat your customers as real people?    To help you improve customer relationships, we asked marketing professionals and business leaders this question for their insights. From sending personalized messages of gratitude to getting to know your clients, there are several things you can incorporate to treat your customers the way they want to be treated.   Here are 10 tips for treating your customers like real people:  Make the Customer Experience Fun Get to Know Your Clients Listen and Adjust Accordingly Don’t Take Things Too Personally Slow Down and Let the Customer Talk Connect…
When you are starting or expanding a business, one of the biggest decisions you need to make is whether you will be buying vs. leasing equipment. Now, there is no correct answer to this question, as your choice will depend on your situation. Leasing might be the practical option if you intend to use the equipment only for the short term, while purchasing will allow you to own the machine for the rest of its useful life. If you’re on the fence about leasing vs. buying equipment, we list the pros and cons of each below to help you…
  What is one way to become a more informed customer on a hard-to-understand topic?.  To help customers learn about complex subjects, we asked marketing experts and business professionals this question for their best advice. From finding an expert to researching competitors, there are several tips that may help you become knowledgeable on a confusing topic.    Here are ten tips to become a more informed customer:  Remain Compassionate Read Website’s Blog Get in Contact Find an Expert to Help Verify Credibility of Source Learn About the Whole Industry  Browse Through Social Media Study Customer Reviews Watch Videos Online…
Whether you’re looking to expand your business’ capacity or start a venture with new machines, you will want to do so with the least effect on your capital. Equipment financing is a godsend for many small to medium business owners who have just enough funds in their reserves to operate. By taking out a loan or a lease on high-value machines, entrepreneurs can confidently grow their capacities without worrying so much about costs. One of the earliest steps to ensuring that you have the right equipment financing plan to support you is understanding how this type of agreement works….
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…