Interest rates sure to rise this year

With interest rates sure to rise this year, is now the right time to borrow? If you're going to need that money, you'd better think seriously about it.   You don’t need a crystal ball to conclude that interest rates will rise significantly…

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…

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…

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,…

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…

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…

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…

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…
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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…
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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…