Finance Resources
Learn more about First Western Equipment Finance and the equipment finance industry by checking out our resources page. Our mission is to educate the business community and align with our partners for continued successes.
Recent Equipment Finance Insights
Section 179 Explained
2023 Updates: $1,160,000 deduction limit and $2,890,000 equipment purchase limits. Once this amount is reached, businesses can take bonus depreciation (80%) for equipment placed into service from Jan. 1, 2023 – Dec. 31, 2023. Section 179 is a valuable tax benefit and one every business should know about. Accept an immediate tax break on […]
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FWEF Partners with Toro and ARA Foundations to benefit Fort Snelling State Park
On September 14th and 15th, First Western Equipment Finance, alongside our First Western Bank & Trust colleagues participated in a project to improve historic Fort Snelling State Park in St. Paul, MN. The Toro Company Foundation in partnership with The ARA Foundation hosted the event where volunteers installed a nature play area, moved dirt deposited […]
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Time to buy new equipment? Business owners can be eligible for a tax break under Section 179
As 2021 comes to a close, this is a great time to take one last look at your upcoming equipment needs and decide if now is the time for an upgrade or expansion. That’s because the enhancements to the existing Section 179 deduction, passed under the Tax Cuts and Jobs Act of 2017, provide more […]
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Frequently Asked Questions
Can I access my account information online?
At this time we do not offer online access to account information, however we do offer the option to make online payments and submit document requests via our customer portal.
Insurance
When does the insurance certificate need to be in to First Western Equipment Finance?
We prefer that the certificate be sent in with all other documents sent to the account manager. If that isn’t possible, as soon as possible thereafter, to make sure that customers are protected from loss or damage.
Will First Western Equipment Finance contact the agent?
We will follow-up with the agent to obtain the correct documents, but the customer must make an initial contact with their agent to add the equipment to their policy.
Additional information can be found here.
What types of financing does First Western Equipment Finance offer?
First Western Equipment Finance offers a large variety of financing options. We offer EFAs (equipment finance agreements), purchase-option leases, and municipal leases. We also offer flexible terms, such as seasonal and deferred payment options.
