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The Ultimate Guide to Heavy Equipment Financing
Heavy equipment financing can be beneficial for any business in any industry. Learn about all of the perks of financing equipment. Heavy equipment refers most commonly to construction equipment needed to move large loads. However, it can also refer to mining, lumbar, and other industries that require heavy-duty machinery to perform critical tasks. Heavy equipment…
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Everything You Need To Know About Vendor Financing
What Is Vendor Financing? Vendor financing is a special type of financing wherein the seller lends money to the buyer to buy the seller’s inventory. The money lent to the buyer will be paid back with interest in a deferred loan. Such financing options exist to enable transactions under circumstances where the buyer isn’t able to purchase outright…
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What Is Working Capital?
What is working capital? Working capital can help provide a quick insight into your company’s loan repayment history and instill a greater sense of confidence. Read on to learn more. Financial health is an important metric when sizing a business up for investment or credit. Anyone looking to put money into a company wants to…
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Equipment Financing For New Business: How It Works
Equipment financing for new business can take time to research and secure. There are many different types, loans, leases to take into consideration. Read on to learn more. The cost of doing business as a newcomer can be prohibitive in specific industries. This is especially true for new companies and startups short on capital and…
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The Future of Equipment Finance
There are five major forces of change in the equipment finance industry: Societal Technological Environmental (Regulatory) Economical Political These factors push and pull the industry in ways that are often difficult predict. However, this doesn’t mean it isn’t worth speculating what the future may hold. Here are some ideas of what the future may hold.
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Top 10 Equipment Acquisition Trends for 2018
The Equipment Leasing and Finance Association (ELFA) has recently named it’s top 10 trends in 2018 for equipment acquistion: Capital spending will have its strongest performance in six years. Look for strengthening positive momentum in financed equipment acquisitions. Tax reform will help unleash pent-up demand by businesses for new equipment. Higher interest rates will loom as…
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Equipment Leasing vs. Equipment Financing
Outright purchasing equipment for short term use often doesn’t make financials sense. Outright purchasing equipment for short term use often isn’t in the budget. When your company has these type of equipment needs, the choice is between leasing and financing the equipment. There are certain considerations to be factored and certain benefits to each route.…
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Equipment Outlook 2018
Wondering what the most porlific equipment being leased in 2018 is? A survey was taken of ELFA (Equipment Leasing and Financing Association) member asset managers and consultants, and the results are out. The hottest equipment sectors in 2018 are construction, machine tools, trucks/trailers, IT, containers/chassis and medical equipment with the biggest role being played by construction…
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New Lease Accounting Standards
Who is affected and how? One of the many reasons companies lease equipment and products is how they can claim it on their balance sheet. It is listed as an operating lease in the footnotes as “off balance sheet”. This means the item leased is considered an asset to the company and the lease itself…
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Top 10 Equipment Acquisition Trends for 2016
ELFA Press Release This list is created in the hopes of helping businesses in planning their acquisition strategies; data compiled from the Equipment Leasing & Finance U.S. Economic Outlook Report, industry participants’ expertise, and member input from ELFA meetings and conferences. 1. US investment in equipment and software will hit a new high, but moderate in growth…
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