Entries by Specialty Funding

Rate isn’t always the best thing…

I’ve been lending to small businesses for quite a few years now and I’ve heard all kinds of questions about our financing products. How does the end of contract buy out work? What kind of credit do they need to have? What do you require for a down payment? Can I pay this contract off […]

Section 179 and Bonus Depreciation

Section 179 and Bonus Depreciation may allow you to immediately depreciate capital expenditures Business owners usually prefer to deduct equipment cost in a single tax year, rather than a little at a time over a number of years. These deductions are known by their sections in the tax code, Section 179  and Bonus Depreciation deductions.  These benefits […]

Adapting to the new normal with today’s Millennia’s

What changes make sense to keep your business moving forward in today’s environment with millennia’s? Automate Above all else, the action I’d take first would be to automate. I don’t mean to automate entry-level positions. Instead, I mean automate the menial and boring tasks so your entry-level employees can work on more meaningful tasks. Take […]

Helping you sell with financing options.

I believe that every quote you give your customer on price should include a monthly payment option. Putting the total deal with financing in front of your customer up front only makes sense.  Here are some of the upside benefits of selling financing upfront with your quote to your customer. Turn cash flow /budget objections […]

Tips for Obtaining Financing – Despite Challenged Credit

By:  Doug Houlahan, EVP, Maxim Commercial Capital Did your bank turn down the credit application for your small or mid-sized business because your personal credit (FICO) score is less than stellar?  You aren’t alone!  Entrepreneurs bootstrapping their businesses as well as seasoned business owners experiencing hiccups have let personal bills take a backseat in order […]

Hard Selling Your Customers? Stop!

Aggressive sales tactics can backfire and turn customers away from doing business with you. Instead, build lasting relationships with content marketing. We all get telemarketer calls, right? Of course you do—aggressive sales calls plague everyone. How often do those callers convince you to buy something? Probably not very often. Uninvited hard sales tactics are a […]

Specialty Funding Alert!!

What you should do about the Equifax Breach BE EXTRA CAREFUL ABOUT EMAILS AND LINKS You should avoid clicking on links or downloading attachments from suspicious emails that claim to be updates from Equifax or connected to the breach. Equifax will send paper mail to consumers whose credit card numbers or dispute documents with personally identifying information […]

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Leasing your Company Vehicle

A company vehicle can be a real asset to the business depending on the industry. When deciding to lease a company vehicle there are many factors you must consider:   Type of vehicle Age of vehicle Use of vehicle Tax implications Lease structure and term   Type of vehicle When a business or a self-employed/contract […]

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Get trade terms from vendors and suppliers

Boost your small business’ finances and build strong credit. Get trade terms from vendors and suppliers. Even if business is great, it can sometimes seem like the “exit” door to your bank account is bigger that the entry. Negative cash flow, although it doesn’t necessarily mean you have poor business performance, can crush your company. […]

Making Sense of the Financing Process

The financing process runs like clockwork here at SFG. After all, we are in the financing trenches all day, every day. We understand that to people on the outside of the financing world, the process might not be second nature. In fact, it’s typically quite the opposite. That’s why we have put together this guide […]