5 Ways The Fed’s Rate Hikes Could Affect Your Business

Confident that the U.S. economy is on firm footing, the Federal Reserve Board has begun gradually increasing interest rates and plans to do so at least one more time this year with additional increases in 2019. Along with the average consumer, businesses will soon begin to feel the effects in some obvious and not-so-obvious ways. This is especially true for small business (defined as those with 500 or fewer employees) who own or employ about half of the American workforce.

Interest rates will rise in the next few years, but remain lower than they were in previous decades. What does this mean for businesses? A demand increase for goods. Businesses should see much growth in the next few years.
What you will need to be successful:

1. New upgraded equipment so you can automate
2. Fresh source of funding, including credit lines with your bank
3. Understand how to acquire the right type of working capital

“The strength of a small business is in its ability to respond quickly to changing economic conditions.”

Did you know that 47% of jobs can be automated with new equipment and technology?
Robots could replace nearly a third of the U.S. workforce by 2030 – The Washington Post

SCL Equipment Finance takes the red tape out of acquiring the equipment you need.

82% of small business owners claim that their main source of new business is referrals !!

Here’s What We Can Expect From The Gig Economy In 2020

A gig economy is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements.

The trend toward a gig economy has begun. A study by Intuit predicted that, by 2020, 40 percent of American workers would be independent contractors.

What Matters in your Business is Cash Flow

• New Guidelines for Easier Approvals
• Application only from $10,000 – $350,000
• No Financials Needed
• Equipment Financing and Working Capital

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A Better Way to Finance Equipment

SCL Equipment Finance provides equipment financing nationwide and in Canada to businesses from $10,000-$5M. Contact me for a quote on your next equipment/software purchase (new or used)!