Over the next year, 61 percent of small business owners expect to expand their businesses. For many that will mean they will be in search of capital. What may surprise them is they may be required to sign a personal guarantee to secure financing. Below are seven things you need to know about personal guarantees. [...]
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A complete and accurate business credit report is like a gourmet meal to a loan underwriter. Your business credit report is important for your company getting a business loan, because it tends to verify the information provided in your credit application and business plan. Much like a personal credit report, unless it is managed, the [...]
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It’s no secret that small businesses can have a hard time getting financing. So before you approach lenders, make sure you ask yourself: how can I maximize my chances of getting credit approval? Here are five simple things you can do to up the odds of getting your funding approved. Demonstrate that your business generates [...]
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With the end of the first quarter in sight and with economic indicators continuing to look positive, businesses may finally be ready to pull the trigger and replace their worn business technology equipment. Regardless of whether you are looking to move your business computing to the Cloud or to upgrade your computers, servers, smart phones [...]
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After my first post on “10 Leasing Tips Every New Business and Startup Should Know”, I had a conversation with the Controller of a company about making an earnest money payment for a proposed equipment lease for his business. I realized I hadn’t really properly covered this topic in my last post. There are some [...]
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According to the IRS, each year millions of taxpayers overlook deductions and credits resulting in overpaying their taxes. Here are seven tips so you won’t become one of the statistics. Section 179 Deduction. If your business acquired assets in 2011 either through a lease or by purchasing them out right, you may be eligible to [...]
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10 Leasing Tips Every New Business and Startup Should Know By Michael Lockwood, President of TEQlease Capital While startups and new businesses may already realize the many benefits of leasing their equipment, including conserving their cash and significant tax benefits, they also need to carefully research their equipment financing needs before signing the dotted line. [...]
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