Equipment Finance Insights
Is your business’s infrastructure sound?
As businesses across the country enjoy lower corporate tax rates and other benefits of tax reform, they’ll start to look at ways to reinvest that saved money in their business. When forecasting and planning purchases, many will want to assess their own infrastructure in a broad sense, and consider what business upgrades they need to […]
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5 reasons equipment financing makes more sense than paying with cash
5 reasons equipment financing makes more sense than paying with cash For those involved with their company’s financial strategy, two factors inspire smiles: the booming economy and slashes to the corporate tax rate. Business managers in particular will see the additional capital as an invitation to invest in much-needed new equipment purchases. Because the business […]
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Keeping up with New Equipment Technology & Shorter Business Cycles
In this competitive business environment, we all know that new equipment technology is rapidly transforming numerous industries, but to really appreciate the exponential rate that technology is advancing these days, let’s briefly consider one of the most important, most transformative pieces of equipment in human history: the plow. Pulled by a draft animal and guided […]
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2018 Tax Benefits for Businesses
Whether you’re a small business owner or part of a large, multinational corporation, the revised 2018 tax benefits has likely become the center of many conversations and strategy sessions. Many of us know the big picture of how the new tax bill slashed corporate tax rates from 35 percent to 21 percent. This drastic cut […]
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What does the interest rate increase mean for businesses financing?
What does the interest rate increase mean for businesses financing? It’s a good time to be in business. The economy is heating up, and with the corporate tax rate having been slashed from 35 percent to 21 percent, businesses of all sizes are set to enjoy some of the best economic conditions in decades. However, […]
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First Western Equipment Finance Donates to Pillsbury United Communities
First Western Equipment Finance donates $430 and dozens of personal care items to Pillsbury United Communities. EDEN PRAIRIE, Minn. – First Western Equipment Finance, a division of First Western Bank & Trust, recently partnered with Pillsbury United Communities to execute a corporate giving project during January, 2018. “Pillsbury United Communities is grateful for the […]
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Section 179 Depreciation Updates for 2018
Section 179 Depreciation Update due to New H.R.1 Law or The Tax Cuts and Jobs Act: On January 2, 2018, H.R.1 was signed into law and has revised several previous tax laws going forward. Section 179 depreciation is now $1,000,000 and the bonus depreciation is now 100 percent. Equipment purchase limits have been increased to […]
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Equipment Finance 101: Types of Finance Agreements
There are many different types of equipment finance agreements available to the modern finance manager, executive or business owner. Learn the differences between them with our simple guide, below: EFA: An EFA, or equipment finance agreement, is a type of business loan where the customer takes ownership of the equipment upfront, and then pays the […]
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Understanding Business Credit Processes: Terms & Credit Lingo
Understanding Business Credit Processes: Terms & Credit Lingo Many have asked for a brief rundown of the terminology and “lingo” used during the business credit process. This informative piece is to help bolster your credit knowledge, so that you can discuss the finance process confidently. TIB – Time in Business Not surprisingly, this is one […]
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Businesses Can Benefit from New Equipment
Outdated Equipment Can Affect the Bottom-Line: A pitfall many operations managers run into is keeping old and outdated equipment in service past its recommended service life. Continuing to pay to update and repair outdated equipment is costly. Old equipment can be similar to driving a car that needs more repairs than it’s worth. We’ve all […]
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