2 min read
3D printing is a big industry.
The market for 3D printing worldwide was $13.84 billion in 2021 and is expected to grow at 20% annually through 2030.
If you’ve considered a 3D printing solution for your business, you probably want some specifics.
...
Read More
3 min read
Did you buy equipment for your business in 2022?
Did you know you may be able to write the entire purchase off immediately? (There’s still time before the end of the year… but many assets are hard to get your hands on right now. Don’t snooze or you might...
3 min read
Doing business in a pandemic...
… really sucks for (most) businesses.
In 2020, almost every business’ plans changed.
Maybe you went from growing your business to just trying to figure out how to stay in business.
(You wouldn’t exactly be alone…)
So… how...
3 min read
Have you been to a store lately?
… you may notice things have changed.
Plexiglass sneeze shields, dividers to make sure we don’t touch each other… etc.
Soon, most businesses will have to retrofit their workplaces.
Here’s the thing –
Your business has...
7 min read
I receive several calls per week from truckers that are trying to make the decision of whether to become an owner operator or not.
Most of the time, they are wondering if they will have enough not only for a down payment on a truck, but also needing to ...
4 min read
We talk to lots of business owners in trouble with merchant cash advances.
Did you know…
…so many small businesses have cash advances…
…these “MCA” companies are running out of people to sell a merchant advance to?
Pretty scary, right?
So… these “working...
3 min read
Do you need to finance construction equipment for your business?
There’s a lot of goober-y stuff out there on the web that says nothing…
…and some utter nonsense…
…but not much knock-down, drag-out, honest-to-god truth.
Want the real dirt info on how...
4 min read
Today we’re going to talk about a scam.
Fraud…
I mean it.
Totally bogus shenanigans
Well, on rare occasions… not 100% bogus…
…but be really careful…
Note: You may read this article or you may listen to it.
You can find links to download the audio to...
5 min read
Note:
You may read this article... or if you prefer you may listen to it.
You may listen by clicking in the box below... or on iTunes, Google Play, and Stitcher (just search for the "Smarter Business Finance Podcast")
Are you looking for equipment...
3 min read
So…
You’re running a successful business…
…there should be plenty of profit left over (for you to, like live on)…
…but somehow…
…loan payments are eating away all the profit.
(Sound familiar?)
Here are a few ways your small business can get out of debt:
2 min read
Decking out an office…
… it’s amazing how fast it all adds up.
(Even if you’re buying “cheap” furniture…)
Right?
Should you pay cash?
Or… should you lease and/or finance equipment?
Check this out…
4 min read
What do you do…
…if you need to finance equipment…
…but your credit is so bad it hurts a lender’s eyes?
Did you know…
… there are programs you can access for subprime truck leasing?
(And other types of equipment too…)
But… a warning…
You really, *...
3 min read
Have you Googled around for equipment financing?
Seen any jokers proclaiming themselves to be the “#1 Best Equipment Financing Company?”
Who proclaimed them that?
Was there a vote?
Already seems like a company to avoid, doesn’t it?
Let’s talk about how...
5 min read
So…
You’re trying to finance a commercial truck as a first time buyer.
It’s a bitch, right?
And…
Finding the information you need to make a decision online?
Good luck with that.
I know what you’re thinking too…
“Are these guys going to screw me on the...
3 min read
Quick…
What’s the difference between…
… a lying scumbag finance company…
…and a bucket of spit?
That’s right…
The bucket.
Funny, right?
Wanna know what’s not so funny?
Lying to you about the rates.
Right?
Check this out…
Special Note: If you're in a...
2 min read
So…
Looking online for how to finance a concrete or cement truck?
Yeah.
I know where you’ve been...
Almost like you’ve gotta take a shower now, right?
Ready for the truth yet?
Let’s show you some info you can actually use….
4 min read
So…
Time to get another truck (or trailer).
Do you want to buy new…
Or just new to you?
It depends, right?
If you’re financing, will buying used mean higher rates?
(Probably)
Check this out…
3 min read
So…
Do you need help getting out of business debt?
Maybe you should file for bankruptcy.
…then again…
…maybe that’s not such a hot idea, right?
Is it better to hire a company to restructure your business debt?
Here’s the deal:
If your business is...
10 min read
So…
You need business financing…
…and…
…your credit ain’t the best…
You’ve scoured the internet for information…
…but…
Finding real info about business loans for bad credit on the internet…
Yeah… it’s like digging for buried treasure.
Consider…
Super...
10 min read
Welcome to episode #6 of the Smarter Business Finance Podcast.
To see all episodes, visit the main podcast page.
You may find this podcast on your phone by going to iTunes, Google Play, or Stitcher and searching for "Smarter Business Finance."
If...
2 min read
So, you’re in the middle of leasing equipment for your business.
And, looking at the paperwork, you notice an “extra” amount that you have to pay.
What is this “interim rent” charge?
Many of our customers wonder if it’s just a way to squeeze extra...
6 min read
Have you taken a merchant cash advance?
(or 4?)
We occasionally help customers access this type of business financing, but we’re much more likely to talk you out of a merchant cash advance than to sell you on the idea.
The thing is…
… when you learn...
4 min read
Are you buying (or selling) printing equipment?
We get lots of calls from copier and/or printer salespeople.
You see…
They don’t get paid unless customers can buy equipment.
That can mean calling dozens of printer leasing companies to find...
4 min read
Do you need to finance some equipment?
I bet you're annoyed with all the jargon that you see.
If you're on someone's website, or talking to a leasing professional...
... they assume you're a lawyer or accountant with all the geeky words they use.
...
4 min read
So, you need money for your business?
Join the club...
Who should you call?
My mailbox (the real mailbox) is stuffed with business funding offers that look like a fake check.
The most recent offered "rates from 6.99%."
Yeah, in a pig's eye... right?
...
3 min read
Do you own, or are you starting a car wash?
If so, you probably know two things:
So, where is all that money going to come from?
3 min read
Are you looking to finance or lease a laser machine?
Here's the first question you'll be asked:
"Medical or non-medical?"
The reason is simple:
Non-medical lasers show up on the "restricted list" for probably 80% of equipment financing sources.
Do you...
4 min read
Do you sell business equipment?
You'll probably agree:
Finding the right company to offer financing to your customers can be a real challenge...
...but it's a necessary evil, right?
Let's face it - you'll lose customers to your competitors if you...
4 min read
I'm sure you'd agree...
... it's no fun to look for business loans...
We help a lot of garage owners get auto repair shop loans.
...but we hear the same things from our customers over and over.
Maybe you've been there already...
...some slick Willy on...
3 min read
Do you need a loan for your pharmacy?
There are a few options available.
Some choices are pretty good...
...but some pharmacy loans could be terrible for your business.
It all depends on your situation.
Let's look at options that could work for you...
3 min read
Are you looking into crane financing?
Financing for a crane is a little bit different than a lot of other types of equipment.
Do you want to know why?
Cranes aren't exactly "cheap."
When we help customers look at financing for a crane, we find most...
3 min read
Are you looking online for brewery equipment financing?
Do you want to get real information before picking up the phone?
I mean, maybe it's just some joker who is fixing to lie to you, right?
Man, oh, man...
When you enter that search into Google, you...
5 min read
We help a lot of contractors buy equipment....
A lot of the time, the folks we are helping are purchasing equipment they'll need for a large contract.
Have you been in this situation?
If so, you know that you'll have a lot of costs before you get paid...
3 min read
Are you considering leasing arcade games?
It can be tough sometimes for small business owners to score arcade game financing.
Even Harder:
Go play some "Where's Waldo" on the internet and try to get real information about the process.
(It's easier to...
4 min read
When you look online for box truck financing, the most common question is:
"Will I qualify?"
The interwebs, in all their glory, tell you approximately nothing about this key question that you'll need answered to start making some plans.
Want to know a...
4 min read
When you talk to companies about IT leasing and financing, your conversation will be much different than if you were looking to finance a semi truck or some other types of equipment.
I mean, it doesn't exactly take a whiz kid to figure out how you're...
3 min read
If you are using the internet to investigate laundromat financing, most of the websites you're visiting give you approximately zero information.
Some have a "laundry list" (haha) of the types of laundry equipment you can finance - washers, dryers, both...
4 min read
If you're considering leasing an ambulance, you may want to get some basic information before you start calling around...
Since you and I both know that once you call the financing company whoever picks up the phone might call you 15 times a day until...
4 min read
Are you an equipment vendor?
It can be hard to find the best financing partner for your customers.
Here's the deal:
If you sell equipment, you know that your customers rely on you to offer financing - but selecting which company to work with can be...
3 min read
If you're looking on the internet from information about dental equipment financing, you may have noticed something:
Talking to financing companies...yeah
...about as much fun as a root canal, right?
They make it sound so easy and affordable...
(until...
4 min read
Are you looking for a loan for your business but don't have perfect credit?
Maybe you've spoken to some folks about either a merchant cash advance...
or a "working capital" loan...
... you know the type that suck payments out of your accounts every...
5 min read
If you're in the fitness industry, you probably can probably spot a scam a mile away when it comes to something about the fitness industry, right?
I'm sure that probably every single day, someone asks you a question like:
"I read on the internet about...
3 min read
I got a call today from a gentleman with a simple question:
"Do you finance used equipment?"
I replied with a simple answer:
"Yes."
It's always funny when I hear that question, because the truth is, most of the equipment we finance is used.
We get that...
3 min read
If you've driven anywhere over the past year or so, you may have noticed something...
Everywhere you look, there's a lot of construction going on.
Houses are being built like crazy, which means builders need a lot of wood. When the houses are built...
4 min read
If you're thinking about upgrading to LED lighting to save money, you're probably wondering how much you'll actually save, right?
It should be pretty simple to figure out - just take your current power bill, figure out the new power bill with new...
4 min read
Have you ever looked into a "daily payment loan" for your business?
Daily payment loans are products like some "working capital loans" or "merchant cash advance" products in the marketplace where you end up paying back some enormous amount of money...
3 min read
If you're in the trucking business, you probably want to be successful, right?
Whether you're running a dump truck, a semi, or a water truck, you've got to make sure the numbers work, or else you won't be driving your own truck for very long.
A lot of...
6 min read
Have you always dreamed of starting your own restaurant, but know you'll never be able to come up with half a million dollars to do it?
Concession trucks and trailers can get you in business for about a tenth of the cost of starting a restaurant.
OK,...
8 min read
Are you looking for truck financing?
You probably want to avoid getting ripped off, right?
Maybe you check out some companies online...
Did you know that some companies with an A+ BBB rating...
Show up all over complaint websites like pissedconsumer.com...
6 min read
If you're trying to get the information you need about commercial truck financing you may be having some difficulty.
The big problem in the truck financing industry - some people that run financing companies learned early on in their career that if you...
7 min read
Food trucks are awesome.
Maybe you are considering entering the food truck business for one simple reason: startup costs and operating expenses for a food truck are a fraction of the costs to open and run a restaurant...
The problem: you probably don't...
5 min read
So...
Tow truck financing (or leasing)...
...it's pretty hard to find good information on the internet, right?
If you want to learn how to get qualified to lease or finance a tow truck...
(whether it's a wrecker, a rolloff, a rollback, or anything...
14 min read
When I talk to small business owners, they've usually heard of a few ways to apply for small business financing. Occasionally, an article will come out that lists 5 (or sometimes 10) ways to get a small business loans.
The truth is that there are ...
Are you having a tough time securing the capital you need to grow your business?
Sure, there are plenty of small business "lenders" out there ready to give you a loan at 100% interest rates, but have you looked into the "other" alternative...
5 min read
Getting a new truck?
(Well... new ... to you... right?)
Your big question:
How much does this cost?
The truth is...
You need to know how much your truck payments will be.
That way you can figure out if the truck is worth it.
Bonus: If you hate...
8 min read
Today I'm going to show you a real funding option for a real small business.
A real small business - not like the banks or the government define it (500 employees or fewer) but how actual people define it.
You can have your money in a week, with no...
10 min read
Are you thinking about starting a business, or have you recently started a new venture?
You certainly aren't alone. In fact, 543,000 small businesses are started in the United States every month.
That's the good news. Less good: half won't make it...
4 min read
With construction demand growing steadily, the amount of people we talk to who need to finance construction equipment such as backhoes is growing as well.
The vast majority of companies purchasing construction equipment will end up financing, and many...
2 min read
Bulldozers are one of the more expensive pieces of equipment folks ask about.
That makes the process sometimes different than some other heavy equipment we talk about.
Before we get started, if:
4 min read
We field a lot of calls from people that are looking into buying Caterpillar equipment.
Hardly anyone has the cash to buy equipment from Cat without financing it.
Cat Finance offers 4.99% and sometimes lower rates on used equipment, but they will not...
4 min read
We talk to quite a few folks about heavy equipment finance.
The question we get most often, and usually first, is, "What are the rates?"
The answer is always the same.
Heavy equipment finance rates depend on your situation.
A lot goes into the costs...
4 min read
So, you need to finance a dump truck…
… but your credit isn’t so great…
Note: If your credit is not so bad, you may want to check out our Ultimate Guide to Dump Truck Financing
You already know buying your own dump truck is WAY better than driving for...
4 min read
There are hundreds of equipment leasing companies in the US.
We detail a lot about problems with many of the companies out there, but many leasing companies are fair, honest and straightforward.
We deal with many of the best equipment leasing companies,...
7 min read
We talk to many people who are looking to finance equipment for a business startup and part of the financing process is discovering whether the business has a solid foundation or not. In some cases, the answer is, "no, not really" but occasionally the...
4 min read
We get calls from a lot of businesses in different medical specialties about leasing new or used ultrasound machines. The two biggest questions we get are how to qualify and what the costs will be, so let's go ahead and answer these two basic questions.
4 min read
Want to know a secret?
Startup financing rates are high.
They're even higher if you have bad credit.
How high?
Let's go over the two scenarios (names, industries and circumstances have been changed slightly), and look at finance offers and how they...
2 min read
Have you been pitched a merchant cash advance?
I bet the dude (or dudette...) you spoke with didn't quote a real interest rate, right?
They'll tell you that cash advances don't have an interest rate...
...because merchant cash advance lenders simply...
3 min read
We answer a ton of questions at Smarter Finance USA about financing skid steers.
Most of the time we end up talking to someone about financing used equipment.
Generally, most shoppers have the same questions.
The questions we are asked most are:
4 min read
So... you need to finance heavy equipment.
Are you wondering which companies you can trust?
We hear from many folks who speak to a heavy equipment finance company...
...and get told one thing...
...but after they have paid a deposit the terms change.
...
3 min read
Are you considering a dental practice loan?
You'd rather perform a root canal on yourself than talk to 13 different companies to find the information you need.
Right?
Here's the problem:
(Almost) every website you go to will tell you why their dental...
3 min read
Are you searching online for medical practice financing?
There's a big problem.
Really big...
You may have noticed...
Most every website pitching loans for doctors tells you why they are the absolute best choice for you.
That's ridiculous, right?
The...
2 min read
Do you need to finance (or lease) X-ray Equipment?
Your first question may be...
"What are the payments?"
Here are some answers:
3 min read
Do you need to purchase equipment for your medical practice?
I bet you're not planning to pay cash, right?
MRI machines, lasers, physical therapy equipment, -totally not cheap.
Most of the time, you'll end up financing or leasing your equipment.
There...
6 min read
If you need to finance or lease restaurant equipment, and you're looking around on the internet, you may have already noticed something:
Most of the "information" about restaurant equipment leasing that you can find online is total garbage.
I don't know...
4 min read
Do you need a loan for your restaurant?
Have you tried your bank?
I know... that's a silly question.
You'd have better luck buying a handful of scratchers at the gas station than trying to score restaurant financing through Bank of Whatever.
The good...
3 min read
If you need to get your hands on a tractor, a reaper, a cultivator, or any other type of agricultural equipment, but you don't have the cash available for it (or don't want to deplete your capital) it helps to have good credit and 2 or more years in...
3 min read
Are you going to buy a tractor?
It's a pretty good bet you're considering a John Deere.
40%-67% of tractors purchased in the United States are made by Deere (depending on which study you look at).
If you know you're looking at a Deere, the next...
5 min read
Are you looking to buy a tractor?
You probably know you can save significant money when you finance or lease a used tractor.
In working with many farmers, we find that even though your payments going used might be slightly higher on a...
5 min read
If you are looking to purchase used farm equipment, you can save considerable money compared to the cost of buying new. Depending on the brand and type of farm equipment, many pieces of machinery are built to last for 30 years or more, but buying used...
5 min read
A decent used skid steer will cost you anywhere from $10,000 to $40,000.
In the $15,000 range you're usually looking at a model that's ten or so years old, while at the top of the range, you're usually looking at some equipment that's newer.
When people...
3 min read
Looking at buying or leasing an excavator?
What will your monthly payments will be for excavator financing?
If you only need the excavator occasionally, it may be cheaper to rent, but only if you're going to use it almost never.
3 min read
There's a huge problem with equipment leasing rates.
One of the first questions we get from a prospect is always, "what are the rates?"
Want to know a secret?
this question is usually not a problem if you've got great credit and have been in business...
3 min read
If you're a spray foam contractor who needs new equipment, or are looking to get into the spray foam installation business, the biggest question you may have is how much is all this stuff going to cost?
The good news: you don't have to write a big check.
2 min read
If you're looking for a used dump truck for your business, you may be able to find dump truck prices online, but it's hard to find real information about what your actual payments will be.
Sure, there are equipment leasing calculators on a lot of...
4 min read
Every year, Modern Machine Shop does studies on the machine shop industry. One of the most helpful things they do is their Top Shops report, which does a detailed breakdown of the differences between what the fastest growing and most profitable machine...
1 min read
There are numerous methods for small business owners to get their hands on cash, but one of the least known and least used methods is called an equipment sale leaseback transaction.
Sale-leaseback works kind of like an equity loan on your house. If...
3 min read
A recent article in Bloomberg entitled Wall Street Finds New Subprime With 125% Business Loans talks about the recent phenomenon of extraordinarily high interest rate business loans. The article goes on to detail the exploits of a company called World...
2 min read
Many equipment leasing companies do everything they can to hide the true costs from you, the equipment buyer, until you've gone through their system and are so deep in the buying process that it's hard to back out.
There are online equipment finance...
5 min read
There are some sketchy practices in equipment financing.
Way sketchy...
Any type of financing is complex...
...with lots of funky terms...
...but...
... bigger industries (like mortgage and insurance) are regulated.
...when someone breaks the rules,...
