Types of Unsecured Business Lines of Credit

Types of Unsecured Business Lines of Credit

As business owners, you continuously look for ways to expand your businesses. Therefore, it will be helpful to explore flexible financing options that will give access to your finances conveniently.   Two Business Lines of Credit: Secured and Unsecured There are two types of business lines of credit you can use. One is the secured type, which relies on a collateral such as equipment or real estate, and there’s the more »

equipment leasing saves you money on your taxes

How Your Startup Business Can Take Advantage of the Tax Benefits of Equipment Leasing

There are many reasons why businesses use equipment leasing to finance their business.  In the past, this form of financing was not as well known as it is now. When I would talk to clients about their equipment financing options, many had never even heard of equipment leasing! Some common myths about equipment leasing: Myth: Equipment leasing is only open to well-established businesses. Fact: Equipment leasing is open to ALL kinds more »

Equipment Leasing: The Smart Decision For Your Company

Equipment leasing comes in many shapes and sizes. Many companies have found leasing to be the best way to finance their business, whether they are a new business or established. All businesses require equipment to run properly.  Some equipment loses its value quickly.  By leasing this type of equipment you can return at the end of your lease term and get the latest version. Equipment leasing is based on many more »

How to Market Your New Auto Repair Shop

We all know that marketing is the key to having a successful business and the auto repair industry is no different. Having the right marketing campaign in place can mean the difference from having full bays to having technicians sitting around playing cards. When developing a marketing plan for your new auto repair shop, you have to remember that the repair industry is different from everything else out there. Bars, more »

The 4 Most Common Types of Working Capital Financing

Working capital is the figure calculated by subtracting the current amount of liabilities your company has with the current assets available. Liabilities, in this case, include any items you’re spending money on, where assets refer to cash in the bank. Working capital allows the business to continue functioning between receiving payments and buying new product. As such, it isn’t uncommon for a business to find itself needing a bit of more »