Instant Loan Company

Anyone who has ever undertaken a massive construction project knows that one of the most useful ways to employ your working capital is with a heavy equipment loan and construction equipment financing. Big projects require big machinery, and while it’s often difficult to purchase things like excavators outright, there is a wide range of financing options available. Below are some reasons why you should get a heavy equipment loan for your construction project. Flexible financial solutions. One of the best things about a heavy equipment loan is that they can be tailored and structured to meet specific taxation, and accounting needs so that you are able to write off as much of the loan as possible. Preserve your capital. It is always difficult to predict exactly how a project is going to go. Unforeseen changes to schedules and plans, even plans falling through can end up costing you a lot of money. Instead of investing a bunch of capital in a project with a high degree of uncerta...

When your construction company needs capital, getting a heavy equipment loan may be the answer. The process can be a lot smoother when you’re working with the right lender. Here are some things lenders will want to know: 1. Name of your company; 2. Company address; 3. Business owner contact information; 4. Gross annual income; and 5. Monthly credit card purchases. Be prepared for your potential lender to look at your credit history with a fine-toothed comb. They’ll figure out what you can afford and how they might be able to help you. What you should know beforehand 1. Know your choices. What is it that you’re really after in a loan? Think about that before approaching a lender. Figure out what you think you can afford and what kind of terms you can live with. If you go in prepared, you’re more apt to get the amount and terms you were hoping for. 2. Preparation is key. Gather up your financial statements and put together a little synopsis on your company’s history...

Leasing equipment seems to be the way more construction companies are going, and there is a good reason why. Total ownership cost is less Leasing equipment does wonders for cash flow. There is no need for a sizeable down payment, as is the case when buying equipment. Down payments are rarely asked for with lease agreements and monthly payments are more manageable, and that is a bonus for any construction company. And any equipment you’re leasing can be taken off your assets list and moved onto a balance sheet as a monthly expense. This will be quite helpful come tax time. The flexibility factor There may be times you’ll need a piece of equipment just for one particular job, so buying something that you may not get full use out of really doesn’t make sense. A lease agreement can provide you with choices – you can choose a term that aligns with your budget and job needs. You might also choose to get a different piece of equipment within that lease term if you find you no long...

When it comes to leasing heavy equipment, you have more options than you probably realize. If you’re thinking of buying new or used equipment, you’re going to need pretty deep pockets. Heavy construction equipment is expensive and will definitely dam up your cash flow. To save money and to preserve your positive credit history, leasing may be the way to go. Whatever you decide, make sure you’ve weighed all the options and have discussed them with professionals in the leasing industry like the experts at Truck Loan Center. You can even work with a lender to fashion a customized lease that includes specific terms and payment options just for your needs. Some of the most popular lease choices include: Lease to own; Fair market value; Line of credit lease; Sale leaseback; and Stretch lease. Lease to own. If you’re pretty sure you’re going to want to buy the piece of equipment after your lease option is up, lease to own might be for you. Monthly payments may be higher, ...

Construction companies are no strangers to using huge pieces of equipment. Figuring out the best way to finance machinery is part of the overall workings of these companies. If you look at the overall picture of your company, you might decide that lease-to-purchase may be the right option for you. The bottom line is running your business in the most cost-efficient way possible. “New” May Not Be A Gold-Paved Road Smaller companies may be hard-pressed to be in a position to buy new equipment and financing new purchases may not be an option for you right now. Larger outfits need many pieces, so they too may opt to lease or rent. Things To Ponder How Much Available Cash You Have — Your bank account needs to be pretty healthy to purchase new equipment. And if you’ve got most of your capital tied down in new equipment, you may run into cash flow problems in the future. When you purchase equipment, you’ll have to lay down a lot of cash for a down payment. If you choose to lease,...