Finance & Leasing Information Archives – TopMarkFunding Archive -

Finance & Leasing Information


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. So, 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! Also, they are 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 he...
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Finance & Leasing Information
0 admin •2019

Lending Trends That Are Increasing Your Chance of Getting a Business Loan

There are a lot of ups and downs in the small business lending market. There are recessions, recoveries, and times of increase. But through it all, you need a business loan you can trust.   Luckily, the landscape right now is looking good. It’s a great time to get a business loan! You  small business are fairly likely to get approved.   The Recession is Over 2007 and 2008 were years of hard financial crisis. Small business were struggling just to keep their doors open, and bank lending was down ...
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Finance & Leasing Information
0 admin •2019

Expert Secrets on Why a Small Business Might Get Rejected for a Loan

Your financial standings are the most crucial part of your business. You know you need to be set up to get a business loan. As a small business owner, there are probably some things already standing in your way. But don’t let yourself be your own worst enemy.   Forgetting or Withholding Collateral You can look at it this way: whenever someone loans you money, they’re taking a risk. They need to feel secure in who they’re lending their money to.   Commercial loan officer Davi...
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Finance & Leasing Information
0 admin •2019

ELD Laws and Personal Conveyance Time

What do drivers need to think about their personal conveyance time?   Well, they’re being told not to overthink. Which is a good thing.   Personal conveyance time is time that a driver is spent traveling to a location to rest, moving a truck during off-duty time if it’s required, eating, or more. The “more” is where it can get confusing. What should be counted as personal conveyance time?   Drivers and Personal Conveyance Time Some truck drivers are never certain ...
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Finance & Leasing Information
0 admin •2019

5 Habits That Effective Loan Borrowers Follow

Congrats, you got your business loan! Now, you want to be the best borrower that you can be. That way, when you go to borrow in the future, you’ll be approved right away because you were so successful with your last venture.   You’ve already got your loan. So what do you do from here?   Maintain Your Credit Score Discipline, discipline, discipline. Did we say discipline? Credit is an utterly crucial part of your business, and you don’t want to risk hurting your credit by no...
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Finance & Leasing Information
0 admin •2019

The Biggest Equipment Loan Myths You May Believe

Equipment Loan Myths Busted: There’s a lot of conflicting information out there. When it comes to getting the equipment loans your business needs, you want to get right to the heart of the matter. So, let's take some time to sort through all these equipment loan myths and tales. Hey, you might think you know everything that comes with trying to get an equipment loan. But what if there is some stuff you believe that's not true? It might be holding you back. The truth is, financing misconce...
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Finance & Leasing Information
1 admin •2019

Amazon Wants To Start Your Own Delivery Company

It's safe to say a lot of people wouldn’t hesitate to take a job that pays $300k a year. Do you want that opportunity?   This is the question that Amazon is now asking. They’re asking it to everyone! Why? To find more people to deliver their packages. From experienced truckers, to someone whose never operated heavy equipment in their life, Amazon is looking for people to take part in their own Amazon delivery service.   Amazon Delivery Service Partners In 2017, Amazon shippe...
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Finance & Leasing Information
0 admin •2019

How Infrastructure Improvements Can Help Save Fuel for Truckers

Gas. It’s the thing that we all think about when we drive for a long time (or even a short amount of time). What gas mileage do you get? How much is it going to cost in gas? How often will we have to stop?     Well, if you’re a truck driver, you’re driving long distances every single day. And the price of fuel is something you know about all too well.   Congestion is thought to have increased the amount of gas spent annually by a whopping 6.8 billion gallons. In dollars, th...
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Finance & Leasing Information
0 admin •2019

Driver Assist Systems: Do They Always Work?

Operating a vehicle (especially a large semi truck!) comes with a lot of responsibility. Often, the main focus for semi truck drivers is ensuring safety while handling such heavy equipment. Watching blind spots, dealing wind pushing your possibly hazardous equipment, and little cars zipping around? It's a dangerous place on the roads. Manufacturers are looking to help drivers by decreasing the risk of danger and accidents. How? By making things a bit more automated. With the goal of safety in...
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Finance & Leasing Information
0 admin •2019

Equipment Leasing: Why You Should Consider It

You need new equipment. You have a tight budget. But you can’t work with outdated machines. What are you supposed to do? There comes a point for every business where you eventually have to think about leasing, financing, or taking out a business loan. It’s time to think about why you should consider equipment leasing. Top Reasons to Go With Equipment Leasing When you choose an equipment lease, you’re agreeing to rent equipment for a specific amount of time instead of buying it outright. You’ll...
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Finance & Leasing Information
0 admin •2019

How to Get A Loan with a Bad Credit Score

Your company is doing well. Sales are coming in. Production is in progress. Clients are calling. And you’re going to keep growing. You need a business loan to keep growing. But it’s in the back of your mind: you’ve got a low credit score. Try as you might to not think about it, when you go to apply for a loan, it’s going to be one of the first things that most lending companies will notice. But you need your money. So, what do you do? How do you get a loan with a bad credit score? Tips to Get a...
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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 ...
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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...
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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...
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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 ...
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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...
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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...
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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’...
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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...
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