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FED Hold Interest Rate

Jun 13, 2024 | News

FED keeps Rates Stable
News From SCL Equipment Finance

At the June 12th Federal Reserve meeting, Chair Jerome Powell announced that the benchmark lending rate will remain at its current level. Rates are stable for now.

As we enter the third quarter of 2024, we are seeing an increasing trend among our clients investing in equipment to streamline their processes through automation. Rates are still low when you finance equipment.

Hear FED Meeting Update
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Maximize Tax Savings

WHY YOU SHOULD THINK ABOUT SECTION 179?

In a nutshell, Section 179 of the IRS Tax Code allows you to deduct all of the cost of qualifying equipment purchases in the tax year when you make the purchase.

Section 179 in plain English
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What is your payment for your next equipment purchase?

Use our friendly online calculator to get an estimate of your next equipment purchase monthly payment. Please keep in mind this is an estimate only and could change due to credit.

Calculate Your Payment

Understanding Section 179 Tax Benefits for  Equipment Purchases in 2024

May 16, 2024 | News

Section 179 Calculator

TAX BENEFITS EQUIPMENT PURCHASES 2024

Section 179 is a tax code that allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. By taking advantage of Section 179, businesses can significantly reduce your taxable income and save money on their equipment purchases. This tax incentive is designed to encourage businesses to invest in their growth and development by making it more affordable to acquire the assets they need. For businesses looking to upgrade or expand their equipment in 2024, understanding and utilizing Section 179 can lead to substantial savings and financial benefits. Make sure to consult with your tax advisor to see how you can leverage this tax provision for your equipment purchases in 2024.

Learn more

April 2024 – News From SCL Equipment Finance

Apr 22, 2024 | News

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Restaurants are embracing automation with Flippy and Rosie, the robotic waitresses. A fun read!

The Flippy & Rosie Robotic solution for restaurants seeking to optimize operations and cut down on labor expenses Flippy and Miso Robotics. Flippy utilizes advanced artificial intelligence (AI) and cutting-edge computer vision systems to transform kitchen operations. With its state-of-the-art cameras and sensors, Flippy & Rosie effortlessly navigates its environment, tracking items like sizzling patties on the grill, ultimately streamlining operations and reducing the need for a large workforce.

Read more…

Section 179

Support Small Businesses

99% of the US businesses have less than 500 people. With recent disruption and retreat of bank credit lines, vendors and business owners are evaluating who they do business with.

SCL has the power to fund.

SCL Equipment Finance for small businesses

WHY YOU SHOULD THINK ABOUT SECTION 179?

In a nutshell, Section 179 of the IRS Tax Code allows you to deduct all of the cost of qualifying equipment purchases in the tax year when you make the purchase.

Section 179 in plain English.

US currency bills and calculator

What is your payment for your next equipment purchase

Use our friendly online calculator to get an estimate of your next equipment purchase monthly payment. Please keep in mind this is an estimate only and could change due to credit.

Calculate your payment.

Girl Scout Cookie Business is $800 Million+

Mar 15, 2024 | News

Girl Scout Cookie Sales

Support your local Girls Scouts

Girl Scout Cookies and what to know about the $800M business

About 200 million boxes of Girl Scout Cookies are sold every year

The Girl Scout Cookie Program founded in 1917 strives to offer girls important experiences in entrepreneurship, leadership, business, and finance from an early age, as well as provide girls and Girl Scout councils with the funding necessary for activities and programs throughout the troop year.

Read More About Girls Scouts

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SCL Equipment Finance is committed to empowering businesses of Generations

SCL Equipment Finance, founded in 1992, is committed to driving business growth. Whether you are a a small entrepreneur or a seasoned company, we are here to offer the funding you need to invest in equipment.

Visit Our Website

Find out about the state of the economy Video US Chamber of Commerce

Feb 15, 2024 | News

The Must-Know Ways Small Business Will Change in 2024

Looking ahead to 2024, small businesses need to stay on top of market changes. From new technology to evolving customer and employee demands, it’s essential to continuously adapt. To help entrepreneurs succeed in the upcoming year, we’ve gathered insights from seven business leaders on how small businesses will change in 2024. Get ready for what’s ahead and position yourself for success!.

Small Business Trends - Click Here

The most successful small businesses prioritize values over profits.

In 2024, small businesses have a golden opportunity to stand out in the market by providing exceptional service and demonstrating integrity and honesty. With an increasing number of customers looking to make socially responsible purchases, brands that share these values are becoming more popular. As a small business owner, you can leverage this trend to differentiate yourself from your competitors.
The 10 Biggest Business Trends For 2024 Everyone Must Be Ready for video
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What’s in store for the economy in 2024? Find out about the state of the economy and what to expect.

Despite headlines throughout 2023 forecasting a recession, recent data has indicated economic growth over the previous year. For many small businesses, this means increased demands and thriving local economies.
Small Business Trends - Click Here