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Tips & Advice for Equipment Leasing

Blog2023-11-10T16:31:41-08:00

The Benefits of Leasing Older Equipment

The Benefits of Leasing Older Equipment

Unlocking the Hidden Value of Old Equipment

As a small business owner, it is important to seek ways of optimizing business operations while managing costs effectively. When it comes to acquiring equipment, while many business owners take the approach of buying brand-new equipment or machinery, there is a growing trend toward leasing older equipment such as trailers, excavators, trucks, and other heavy machinery.

Leasing older equipment can offer several benefits that are often overlooked. Let’s explore the benefits of leasing older equipment and shed light on why it can be a smart choice for your business.

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By |July 18, 2023|Equipment Leasing|

5 Small Business Success Tips

5 Small Business Success Tips

Developing Your Strategy for Small Business Success

Whether in a mining, construction, or agricultural industry, small business owners can face some unique challenges when it comes to running a successful business. Utilizing effective strategic planning, on-going business management and a focus on growth is essential to business success.

Here are some tips to achieve success in your industry and grow your small business:

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By |June 15, 2023|Business Advice|

Understanding the Different Types of Leases for Heavy Equipment

The Different Types of Heavy Equipment Leases

Leasing Can Be Your Gateway to Business Growth

When it comes to leasing heavy equipment, small businesses have several options to choose from. Each type of lease has its own benefits and limitations, so it’s crucial for business owners to understand these options and select the one that best suits their needs.

Leasing allows businesses to free up cash that would otherwise be tied up in heavy equipment, machinery, or trailers, enabling them to allocate those funds toward operating expenses and business growth. In this article, we will explore the benefits of equipment leasing and discuss the different types of leases available.

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By |May 19, 2023|Equipment Leasing|

Cash Flow Management Strategies for Small Business

Cash Flow Management for Small Businesses

What’s better than Cash? Cash-Flow! Especially for Small Businesses

Cash flow management is a critical component of running a successful small business especially during economic turbulences and rising interest rates. According to Statistics Canada and a study by Canadian Survey on Business Conditions in 2022, small businesses continue to face significant cash flow issues and have lower liquidity and working capital than their bigger counterparts.

Following the pandemic, now more than ever, it is important to manage your cash flow for the sustained profitability and growth of your business. Here are a few strategies that you can position yourself for optimal cash positive gain and ensure your long-term success:

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By |April 24, 2023|Business Advice|

How to Choose the Best End-of-Lease Option

Choosing the Best End of Lease Option

Match Your Lease to Your Business Needs

It’s important to choose the right end-of-lease option. Your choice will affect your payments and what happens to your equipment when your lease ends.

Knowing your options will help you pick the one that’s best for your business. Read on to find out what they are and when you should choose them.

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By |December 22, 2022|Equipment Leasing|
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