Monthly Archives: September 2016

How to Manage Working Capital for Growing Businesses

Managing money can be difficult. When you’re focused on growing a business and increasing sales, it can be hard to plan for unforeseen circumstances. It is important to remember, however, to keep your businesses bank account ready in case an unforeseen circumstance does arise. Some circumstances that could throw your business through financial troubles are…

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Why You Should Consider an Equipment Loan, Even When You Have Enough Cash

When it comes time to make a sizeable equipment purchase for your company, deciding how to pay for the purchase is a major factor. Even if you have the cash in your bank account, here are a few reasons why you should still consider financing the purchase with an equipment loan. To start, it’s never…

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What are Lenders Looking at on Your Tax Return?

When you’re applying for an equipment loan, you might feel as if lenders require a ton of paperwork and information before giving you the approval you’re looking for. Although it may seem tedious, lenders have strong reasoning for why they require so much information. Taking all of this information into consideration, lenders can now approve…

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The Top Criteria for an Application-Only Loan

There are two primary types of loans. The first type is and application-only loan. For this type of loan, the lender doesn’t need to do a deep check of your financials. Instead, the lender will look at your time in business, which typically requires a minimum of a year. Next, the lender will look at your personal credit…

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Why Your Small Business Should Consider an Equipment Loan

Almost every business, both big and small, will need to buy equipment at some point. Whether that ends up being desks, computers, cars or machinery, it is important to know if you should self-finance or take out an equipment loan when acquiring new equipment. Responsible business owners know to save and invest so that they…

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