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9
Mar

Working Capital Loans: What, Why, and When

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Working Capital Loans

Working capital refers to the money that a company uses to cover its rent, as well as its payroll, supplies, utilities, and other related daily expenses. Businesses will sometimes run into cash flow issues and may require a short term loan to help them get through a difficult financial situation. When this happens, they may turn to a working capital loan to pay for their expenses until they get back on their feet. Here, we will delve into the benefits of working capital loans, as well as the types of working capital loans available to businesses, and when to apply…

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15
Sep

7 Reasons to Lease a Used Commercial Truck

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Many companies and self-employed people throughout Canada require commercial trucks in order to facilitate their businesses. Truck leasing has become a common if not preferred financing option due to the many benefits it provides, but perhaps what is most intriguing is that more and more of these leases are for used trucks rather than new vehicles. With that in mind, let us consider seven reasons to lease a pre-owned vehicle rather than one fresh off the line. Avoidance of Significant Depreciation Among the most daunting aspects of owning new commercial trucks is depreciation. Your new truck depreciates the moment you sign on the dotted line. A used truck, on the other hand, has already undergone that initial depreciation and is now just subject to the year-to-year devaluation. It’s worth mentioning that commercial truck leasing and vehicle leasing, in general, do account for depreciation to some degree but certainly not all…

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1
Sep

How to Boost Construction Equipment Productivity

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No matter what kind of project you’re working on, if construction equipment is involved, you’ll need to make important decisions about your efficiency. You need to decide when to buy versus lease a construction vehicle, what kinds of leases you should consider, and how often different equipment will be used. You also need to consider how to streamline your project for ideal construction productivity. If you follow these simple tips to handle your construction equipment, you should have an easier time understanding your needs and taking steps to meet them. Don’t buy equipment unless it’s used 70% of the time When you examine the fleet of construction equipment you have, you’ll want to take notes on which machines are being used the most. If you own a construction company, you’ll benefit from buying the machines that are in use at least 70% of the time. However, if you’re only doing…

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