Trucks play an indispensable role in many industries. From construction sites, where they haul heavy machinery and building materials, to the food & beverage sector, where they transport perishables, trucks ensure that businesses run smoothly. Commercial trucking stands as a major cog in the intricate machinery of the global supply chain. Without these vehicles, the timely delivery of goods to retailers, consumers, and businesses would falter, affecting economies worldwide. It’s no surprise, then, that the commercial trucking industry drives a significant portion of jobs and revenue. Recognizing this, many companies and individuals aspire to own trucks, but the high…
Many small business owners have faced the frustration of not receiving enough funding support from banks or getting their loan applications denied. In such cases, companies struggle to find alternative solutions for financing their equipment.  If you’re one of those who have faced similar hurdles, we’ve got some good news — many financing options are available to help you get the equipment you need. This article will walk you through five business equipment financing options that you can explore when the bank says no. Why Do Banks Say No? Banks often reject loan applications due to issues that increase…
Navigating the world of equipment financing can feel like a maze, especially with 2023’s financial twists and turns. From inflation spikes to other money matters, it’s been quite the rollercoaster. So, what does all this mean for businesses looking to grow? Let’s dive in and break down the nitty-gritty of the current financing scene and what it holds for the future. How are Equipment Financing Rates Determined? Equipment financing rates are influenced by the lender’s cost of funds and the desired profit margin. Additionally, the borrower’s creditworthiness, the equipment’s type and value, and the prevailing economic conditions play crucial…
In the bustling business arena, maintaining a consistent flow of capital is not just vital — it’s paramount. Ensuring liquidity and a smooth cash flow can significantly influence a company’s direction and growth. With these financial imperatives in mind, many businesses are exploring the potential benefits of working capital loans. But how beneficial are they, really? What Are Working Capital Business Loans? Working capital business loans are designed to support the routine operational expenses of a business. Unlike other more traditional forms of business loans, which often finance long-term projects or substantial purchases such as equipment acquisition or property,…
9 Things to Consider When Starting Your Landscape Business Starting a landscape business can be a daunting task, so we asked nine industry professionals, including Managing Directors and CEOs, for their top considerations. From choosing a reliable plant supplier to exploring financial support programs, these experts provide invaluable insights for budding entrepreneurs in the landscaping industry. Choose a Reliable Plant Supplier Create a Thorough Business Plan Obtain Necessary Licenses and Permits Analyze the Local Market Competition Decide on the Business Location Evaluate Your Landscaping Skills Plan Your Start-Up Costs Understand Your Value Proposition Explore Financial Support Programs Choose a…
Logging and forestry are industries that rely heavily on large, expensive pieces of equipment. Getting the right equipment can be costly — that’s why it’s so important to understand all of your financing options. In this blog post, you’ll learn about what financing solutions exist for acquiring logging or forestry equipment and how to find the best option for your organization’s needs. Common Logging and Forestry Equipment Costs How much can you expect to spend on logging and forestry equipment? The cost varies widely depending on the type of equipment that is needed, but here are some general guidelines:…
10 Myths About Equipment Financing Unraveling the myths about equipment financing for businesses, we have gathered ten insightful answers from founders, CEOs, and other industry leaders. From the idea that leasing could mean your company will lose money to debunking the myth that large buyers always get discounts, this article provides a comprehensive understanding of equipment financing. Could Mean Your Company Loses Money Is Industry-Specific Should Only Be Considered as a Last Resort Is Too Expensive Only for Big Businesses Financing for Used Equipment is Impossible to Get Companies With Less than Great Credit Can’t Finance Is Only for…
Starting or expanding a landscaping business comes with a significant capital requirement. To provide high-quality services, companies need to invest in a range of specialized equipment. The most common tools include mowers, tillers, aerators, edgers, chainsaws, and leaf blowers — and that’s just for regular maintenance jobs. For larger projects, machinery such as skid steers, stump grinders, or tree spades might be necessary. Additionally, transport vehicles and trailers are required to move the equipment around. Each piece of equipment varies in price, with smaller hand tools starting as low as a few hundred dollars and larger machinery potentially costing…
10 Ways to Boost Your Productivity at Work Looking for ways to boost productivity at work? We asked ten professionals, including Founders and CEOs, to share their top tips. From investing in time-blocking, planning tools to implementing a power hour for focused work, discover the strategies these experts recommend for maximizing efficiency. Invest in Time-Blocking, Planning Tools Maintain a Personal Work Calendar Boost Productivity with a Second Monitor Streamline Workflow with Task-Batching Choose Tasks by Priority Turn Off Alerts and Schedule Tasks Motivate with Physical To-Do Lists Align Tasks with Peak Performance Times Eliminate Distractions Before Starting Work Implement…
9 Ways to Attract More Customers to Your Automotive Business To help you attract more customers to your automotive business, we’ve gathered nine insightful tips from marketing professionals and business leaders. From targeting the right demographics with advertising to managing your online reviews and reputations, these are the top strategies they recommend. Target the Right Demographics With Advertising Incentivize Customers for Genuine Reviews Leverage Social Media for Customer Engagement Attract Customers With Promotions and Offers Use Inbound Marketing for Customer Attraction Create a Comfortable and Inviting Atmosphere Understand and Cater to Your Target Customers Prioritize Exceptional Customer Service Manage…