What is a Working Capital Loan and Do I need one? Owning your own business is a constant balancing act. In an ideal world, tasks such as filling invoices, paying employees, and seeking opportunities for expansion all happen seamlessly and easily. However, small hiccups (like a delay in payment on a large invoice) can be […]
Financing News
How Best to Approach a Business Lender for Equipment Financing
Equipment financing helps businesses that require new or upgraded equipment to continue operations, expand their company’s growth, or prepare for new business opportunities. Anyone who has faced the need for new equipment in a short amount of time understands the urgency and potential hardship. Financing doesn’t have to be frustrating, especially when you have the […]
5 Best Ways to Build Your Business Credit
5 Best Ways to Build Your Business Credit Diving into a new business venture or growing a company often requires establishing a line of credit to fund your operations. But what if you don’t have any business credit? Fortunately, there are several ways to improve your status as a borrower for equipment financing and working […]
5 Essential Tips to Get the Right Small Business Loan
Are you a California business looking to get a small business loan? Be sure to review this helpful video from LendSpark Cofounder and President Todd Stichler. Todd reviews 5 of the most important items to consider when approaching a bank or alternative lender like LendSpark. Being prepared and organized will greatly help your chances of […]
The Lease vs Buy Decision for Business Equipment
There are many reasons why companies decide to lease equipment rather than taking a loan to buy the asset. The business reasons why customers prefer to lease rather than borrow to purchase an asset are: No money down and immediate use of the leased asset vs. a loan typically requiring a down payment. Leasing is […]
What Every Business Owner Needs to Know About Section 179 & Business Equipment
Yes, what you’ve heard is true: you may be able to save a third—33%—on the cost of a capital equipment investment by taking advantage of the Section 179 tax deduction. Now, if you’re like most business owners, you’re probably being besieged with marketing communications that encourage you to make your Section 179 purchase by the […]
