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30
Dec

8 Ways to Use a Working Capital Loan for Your Trucking Busin...

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8 Ways to Use a Working Capital Loan for Your Trucking Business

There are many people who turn to working capital loans in order to fund their businesses. It is likely that many of your competitors have also taken out such loans in order to expand their companies. A short-term business loan can help solve cash flow problems that have stalled your growth. Although many other loan types involve complicated application processes, working capital loans are often approved quickly. Here, we will discuss some of the ways that you can use a working capital loan in order to fuel your trucking business. Bridge Payment Delays Some of your business partners may be…

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18
May

Equipment Financing vs. Leasing: What’s the Difference?

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Difference between financing and leasing

If you are thinking of taking out a truck loan, then you probably have some questions concerning the differences between equipment financing and leasing. The biggest difference between leasing and equipment financing is in the ownership. That is, when you lease a piece of equipment, then a vendor will allow you to rent it in exchange for monthly payments. This means you will not own the asset during the duration of your lease. Conversely, equipment financing serves as a collateralized loan that will provide you with the option to purchase the piece of equipment outright. In other words, once the…

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4
May

Reasons to Consider Construction Equipment Financing

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Construction equipment financing

There are many reasons why businesses seek out construction equipment financing in Canada. For instance, the intensive nature of the industry will often necessitate the purchase of compact attachments and equipment to get to hard-to-reach spaces, as well as heavy-duty equipment for larger projects. Moreover, construction businesses will also require office equipment and IT tools to handle many clerical and administrative tasks. Here, we will discuss some of the most important reasons why you may want to consider construction equipment financing for your business. Flexible Options Most equipment financing enterprises will offer their clients many different flexible options to accommodate…

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