The Benefits of Leasing over Buying

To lease or to buy, that is the question faced by businesses across the country. Here are a few things to consider when trying to decide if leasing is a better option than buying. Tax Advantages: One of the most significant advantages to…

SMALL BUSINESS TAX CHANGES FOR 2014

Here are the small business payroll tax and other business tax changes in effect for 2014 that you need to know about. Included in this list are changes to the Social Security maximum, IRS standard mileage rates, and new additional Medicare…

Is Business Credit Important?

  Business credit scores are the business equivalents of personal FICO scores, and are just as important. As with consumer scores, business credit scores play a big part in determining whether financing of all types will be approved.…
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Small Business Loans: Are You Paying Too Much?

Chances are, as a small business owner, you know that getting a bank loan isn’t very easy these days. In fact, the number of small business loans in the United States still remains at below pre-recession levels. One big reason for this…

Why Your Sales Team is So Afraid of Price (and What You Can Do About It!)

In the sales profession, one of the touchiest subjects is price. I rarely run into a salesperson or sales manager who does not want to discuss price. Arguments are varied, but in the end they are centered around one core contention:…

Section 179 Passes House, Goes to Senate

Congress extended Section 179 for 2014 by a vote of 263-155. The bill has been sent to the Senate. Section 179 of the tax code allows small businesses to expense the first $500,000 on purchases of qualified equipment, until they pass $2…

U.S. Companies Turning to Non-Bank Lenders for Credit

A notable share of U.S. small businesses and middle-market companies are obtaining credit from non-bank providers. The most troubling news for banks—and possibly for regulators: nine out of 10 companies that borrowed from these alternative…
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Is Equipment Leasing The Right Choice For Your Business?

Simply put, equipment leasing is an alternative type of business loan. The leasing company buys and owns your choice of equipment and then basically rents it to you at an agreed upon rate for a specific number of months.   Traditionally,…

The Factors That Influence Your Credit Score

FACTORS THAT INFLUENCE YOUR CREDIT SCORE Your pay history  (35%) Revolving credit card balances  (30%) Time in the bureau (15%) Recent credit inquires (10%) Type of credit (10%) POSITIVE FACTORS: Paid off accounts with…

Why Small Businesses Have Trouble Getting Credit

Only one third of small business owners were able to obtain all of the credit that their businesses need, a recent National Federation of Independent Business (NFIB) survey shows. The survey’s finding is not surprising. Many economists,…