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3
Aug

Why It Might Not Be a Good Idea to Buy Your Construction Equ...

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Construction equipment financing

In the construction and renovation industry, workers are only as good as their tools, which may include construction equipment such as grapples, digger buckets, bulldozers, diggers, scissor lifts, and grabs. Using such equipment, a construction worker can perform tasks that would normally take a dozen or so workers to accomplish. However, not all construction equipment is created equally, and a construction company must have the right tools available at a moment’s notice if they are to fulfill work orders and meet tight deadlines. As such, the million-dollar question becomes a matter of deciding if leasing or buying construction equipment is…

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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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2
Mar

Advantages and Disadvantages of a Heavy Equipment Loan

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Heavy equipment loans

The construction business is big in North America, with an estimated value of 1.3 trillion dollars in the United States alone. As such, many people who are thinking of starting a construction company will need to procure heavy equipment in order to run their business. However, heavy equipment tends to be quite expensive, so many entrepreneurs will turn to heavy equipment financing in Canada in order to obtain their heavy equipment vehicles. Here, we will break down the advantages and disadvantages of heavy equipment financing in Canada. Obtain the Necessary Funds The first pro is that you will get the…

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