Blog - TopMarkFunding

Blog


Finance & Leasing Information
0 admin •2019

Fleet Financing: What To Look for In a Loan

The time has never been better to look into fleet financing. Low-interest rates and high approval rates? That should be music to your ears. This is an optimal time to get your business the equipment it needs. Especially if you’re looking to expand your fleet, it’s almost impossible to fund your vehicles all on your own. You need to keep your fleet reliable, updated, and on an upward trajectory. But every fleet is not alike. You have to decide when you need your vehicles and which ones you ...
read more
Construction
0 admin •2019

Laws, Tariffs, and the Political Environment are Affecting Construction

What’s on the horizon for the construction industry? New laws and political agendas are constantly affecting the way that the industry has to be run, the projects available, and the amount of money that construction workers are given by the government.   The future of the industry is bright, though. Construction is about 14.7% of the GDP. And $57 trillion dollars in infrastructure needs to be created by 2030 to keep up with the GDP’s global growth. Yeah, that’s trillion. Bills, Bi...
read more
Finance & Leasing Information
0 admin •2019

5 Signs You’re Ready to Apply for Small Business Financing

Small Business Financing: The First Step The first sign you’re probably ready to apply for small business financing is probably the fact that you’re looking at this article. If it’s on your mind that you might need extra capital to expand your business, congrats! It just might be time. Almost all small businesses apply for a loan at some point or another. Here are a few more signs that it’s time to apply for financing, besides the more obvious ones. Your Credit is Strong Building good cred...
read more
News
0 admin •2019

Uber Vs. A Billion Dollar Trucking Problem

In what world do Uber and freight trucking go together in the same sentence? This one, Uber Freight. In late 2016, Uber officially announced that it was breaking into the trucking game. The Uber Freight platform allows drivers to find loads and drop them off. It basically matches carriers with shippers, and streamlines a process that was much less flexible in the past. So, What’s the Billion Dollar Problem? Often, when truck drivers have to pick up their shipments at warehouses, they have ...
read more
Finance & Leasing Information
0 admin •2019

Working Capital: How To Optimize Your Funds

Working capital It’s the capital in your business that’s used for day to day operations. It’s a measure of the efficiency of the company and its financial health in the short term. In other words, it your companies assets minus your company’s current liabilities. Yes, working capital is very important. So how do you keep your working capital...well, working? Eliminate Waste Take a careful look at the spending across areas of your business. You could be spending too much money on repairs of yo...
read more
Business
1 admin •2019

10 Business Loan Requirements You Need to Know

So you need a business loan. Hey, that's a good thing! Your business is growing. It's time to get the capital you need to keep the progress going. But you might find yourself a little bit stuck. What are the business loan requirements ahead of you? Maybe you don't even know the first step of what you need to do to apply for a business loan. Before you apply, get yourself organized and informed. It will make the whole process seem much less overwhelming. Then you'll be ready to keep moving you...
read more
Finance & Leasing Information
3 admin •2019

A Short Term Business Loan Could Be the Answer

Business loans. What kind of associations do you make when you think of them? Five years, ten years of contract, or one that you feel like you're going to be paying back for as long as you live. What would a short term business loan mean for you? These are loans that last from three months to about 24 months. They're more flexible, and less daunting for the long run of your business. Focusing on specific loan type and customizing them to what best fits your business needs can help move your b...
read more
News
0 admin •2019

Trucking Forecasts in 2019: What to Expect

The new year has arrived and 2019 is upon us. With an eventful year behind us, it’s safe to say that the upcoming twelve months have a lot in store. What does that mean for your business in the trucking industry? Here are the Trucking Forecasts in 2o19. Stay on top of the trends. That way, you can prepare for whatever the next year might throw your way. Trucking Forecasts in 2019 As technology improves, the way that goods are transported changes. That much has been known for decades. But as te...
read more
News
0 admin •2018

Cleaner Truck Initiative: What does it mean for drivers?

EPA? Cleaner Truck Initiative? Pollution? Through all the new policies and voices, truck drivers and individuals in the transportation industry are feeling the strain of new regulations on their equipment. Poor air quality from traffic can take a toll on the health and wellness of everyone. Currently, pollution from heavy duty trucks is just one issue to keep an eye on. On November 13th, the Environmental Protection Agency launched the Cleaner Trucks Initiative (CTI) in attempts to better air...
read more
Finance & Leasing Information
0 admin •2018

The Biggest Equipment Loan Myths You May Believe

Equipment Loan Myths Busted: There’s a lot of information out there. That might be an understatement. But when it comes to getting the equipment loans your business needs, you want to get right to the heart of the matter. It's time to sort through all these equipment loan myths and tales. You might think you know a lot about what it’s like to get an equipment loan. But what you think you know could actually not be true. And it might be holding you back. The truth is, the process might not...
read more
Business
0 admin •2018

DRIVE-Safe Act and the Trucking Industry

What is the DRIVE-Safe Act? Is it necessary? Well, something’s happening in the trucking industry: fewer and fewer people are signing up. There’s a huge shortage of truck drivers that’s been steadily climbing, and doesn’t show signs of stopping. Drivers earn on average about 80,000 dollars. But still, no one wants to do it. The lifestyle is hard, you don’t get to be with your family, and it requires extended periods of alone time. The driver deficit is slowing down delivery rates and incre...
read more
Construction
0 admin •2018

New Construction Technology Trends You’ll See in 2019

The New Construction Technology As the world around us changes and becomes more technologically and electronically efficient, so does the construction industry. If you’re involved in this industry, you’re well aware of how much it’s advanced in the past few decades alone. And we’re right on the cusp of even more new construction technology that’s going to bring about even greater renovation. Augmented Reality No, we didn’t mean virtual reality. We meant augmented reality, where you can lo...
read more
News
0 admin •2018

How Tesla’s Electric Semi is Affecting the Industry

You know Tesla as the sleek electric cars you see zipping around on the freeways. You know they’re state of the art, all electric, and sometimes have doors that open upwards - falcon wing doors.What you probably don’t think of when you think of Tesla is electric semi trucks. But Tesla has indeed rolled out all-electric semi trucks. Maybe it shouldn’t seem surprising, what with their innovative products like desktop superchargers, plans for underground tunnels, and of course, their cars. Walma...
read more
Construction
0 admin •2018

Construction Equipment Leasing 101: The Benefits

Bulldozers. Dumpers. Concrete pumps. Forklifts, excavators, backhoes, loaders,  jackhammers. This is just a short list of things business owners in the construction field may need. All that equipment can get expensive... And if you own your own business, there’s a lot of factors for you to consider when it comes to getting the equipment that you need. Is construction equipment leasing right for you? What are the benefits of a heavy equipment lease? Maybe you need new equipment, but are lookin...
read more
Finance & Leasing Information
1 admin •2018

6 Equipment Leasing and Financing Tips

6 Equipment Leasing and Financing Tips Whether you decide to lease or finance your equipment, you need the funds to do it. While it’s exciting that your company needs new equipment, you might be dreading the process. What are the steps you should take? What are the equipment leasing and financing tips and tricks you need to be aware of? 1. Review Your Credit Of all the things to prepare yourself, knowing your credit profile is at the top of our equipment leasing and financing tips we can ...
read more
Business
0 admin •2018

Rising Oil Prices and The Trucking Industry

It’s something that no one wants to hear: gas prices are rising. Perhaps you’re fixing that tire on your bike or gearing up to buy yourself an electric car. But rising oil prices are affecting more than just your daily commute to work. For people in the trucking industry, almost their entire job is driving. That means that as the price of driving goes up, their expenses rise as well. The cause and effect of rising oil prices and the trucking industry conditions for drivers on the road is a serio...
read more
Business
0 admin •2018

ELD Laws 101: What You Need to Know

There’s a new federal rule out there that’s making waves in the commercial trucking industry. The U.S. Department of Transportation's Federal Motor Carrier Safety Administration, FMCSA, first proposed the rule in 2014. Even then, it was met with controversy. The law requires that anyone driving a commercial truck must use an electronic logging device, or an ELD. These devices monitor the hours that drivers spend on the road, and require that they take rest breaks while driving. Here is the need-...
read more
Business
0 admin •2018

5 Ways to Get Your Trucking Business Debt Relief

It’s a four letter word that strikes fear and makes people’s stomachs sink, no matter who you are: debt. But there’s a big word that small businesses especially fear: bankruptcy. If you’re a small business owner and you’re looking at a lot of debt, this could be a reality that you’re trying to find anything to get your trucking business debt relief. Luckily, there are ways you can dig yourself out of debt before you head down the road to bankruptcy. You can see your business start to thrive agai...
read more
Finance & Leasing Information
1 admin •2018

Semi-Truck Financing: The First Steps

So your business has reached that point - you need semi-trucks! Things are looking good, and business is really starting to ramp up. But sometimes that means you need a truck with a ramp. So how Can Semi-Truck Financing help me? You may be excited, but you also probably have a lot of questions. How do you finance a semi truck at all? What are the risks, and how do you make sure it’s credible? You want to make the best decisions possible for your growing business. Here’s how finding semi-truck...
read more
Business
0 admin •2018

New Or Used Equipment? A Business Guide.

The Big Question: Do I Buy New Or Used Equipment? When it comes to decisions for your business, you always want to make the most financially sound decision possible. Purchasing large equipment such as semi trucks can be an overwhelming decision unless you do your research. When you know exactly what to buy and have taken your time to investigate which option is best for you, it takes a huge weight off your shoulders. So, should you buy new or used equipment?   The Cons of Buying Us...
read more
Construction
0 admin •2018

Financing Heavy Equipment: A Beginners Guide

So it’s come to the point where you need to look into financing heavy equipment. Great! That means your company is growing. But the process can be a bit confusing for those initially. Where do you even begin?   Financing Heavy Equipment: Getting Started   The first thing that you want to do is get a quote. Once you get a quote, you’ll be able to get a better idea of what quality and quantity of equipment you will be able to set your goals toward. Now, going out to different ...
read more
Business
0 admin •2018

So, What Is A Section 179 Tax Deduction?

Tax Deductions? Yes please! There are few things in life that people agree on; the fact that taxes elicit a general feeling of “blahhh” is one of them. But then, most people would all agree that they love their tax return. And what about tax deductions? Those aren’t too shabby, either. If you’re a small business, Section 179 deductions on your taxes is something most can agree they like. So, what is a Section 179 Deduction? Section 179 of the IRS code gives businesses the ability to deduct th...
read more
Finance & Leasing Information
0 admin •2018

How To Lose a Deal in 10 Ways – The Truth About What Affects Your Commercial Financing Options.

Diving head first into the world of commercial financing is something that can be compared to jumping off a cliff into a body of water. Before you jump, there are quite a few things you’ll want to check on, right? How deep is the water? How many feet have you put between yourself and the surface? What is the temperature like? Are there any visible rocks or obstacles below you? When you jump, will you be able to position yourself correctly to prevent an embarrassing metaphorical belly flop? Yo...
read more
Finance & Leasing Information
0 admin •2018

Is semi truck financing better than paying cash?

We all know the phrase, “Never buy with credit what you can buy with cash” or “Cash is king”. This may seem like a good idea in theory, but it may not be the right choice for your business. Commercial equipment and heavy equipment is expensive, specifically semi trucks. There is a reason that 78% of all businesses finance their equipment in some shape or form. That cash is more valuable in your pocket instead of tying it up in a piece of equipment when Semi Truck Financing is available and here’...
read more
Unsecured Business Loans
2 admin •2017

Unsecured Business Loans: When They Make Sense.

Cash is king.   This expression, some say a favorite expression of self-made billionaire Alex Spanos, can not be understated nor can it likely be disputed by anyone that has ever been responsible for running a business.  This blog is going to discuss the consequences of businesses having a lack of cash and in what circumstances using unsecured business loans can bring more revenue and profit to your business. We know you are busy running a business, if you don't have the time (or patience) to...
read more
Finance & Leasing Information
2 admin •2017

Leasing vs Purchasing Business Equipment

"Should I lease the equipment my business needs or purchase it?"  This is THE question that all business owners ask themselves at least at one point in time, inevitably.  Just like with all business decisions there are trade-offs that come with every decision and that decision’s consequences.  At the end of the day every business owner, CFO, or executive is ultimately just trying to maximize profit, right?  There are definitive pros and cons of leasing versus purchasing business business equipme...
read more