Enjoy Fall with Lower Rates

Enjoy Lower Rates For Year End Equipment Purchases!

Owning and Operating a business is rewarding and risk taking. Obtaining capital is one of the biggest hurdles that companies have to face when it comes to their growth. Take advantage of the low rates this 4th quarter.

Equipment Financing is a simple and affordable way to acquire capital for your company.

“Businesses Never Take a Break. They require new updated equipment”

One point of contact – Barbara Griffith
28 Years with SCL
SCL Equipment Finance
714-573-9804 Ext 101

Does Your Company Have Lost Opportunities?

“Even the most brilliant, ambitious company cannot build a successful business without capital. Adding employees and replacing older technology is what most businesses are doing. Companies just like yours are adapting to automation.”

black and white line drawing of coins and currency

Is Your Company Suffering From Lost Opportunity?

Most business owners know how to calculate fixed costs—like rent and equipment—and variable costs— such as wages, utilities, materials, etc.— related to providing goods and services. But there is another kind of cost to consider when making business decisions: lost opportunity cost. While lost opportunity costs can sometimes include intangible factors that are harder to measure, that does not mean they are not real. Missing out on a large sale or project because you do not have the right equipment is worth your time to consider to add or replace equipment.

Keeping Informed

Why You Should Consider Section 179

Acquiring new equipment for your business is an important decision. 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.
Read More…

How Strong Is Your Business Credit?

 

Email me for a free copy of your D&B report

The D&B PAYDEX® Score measures a business’s past payment performance based on information in the Dun & Bradstreet Data . On a scale of 1 to 100, scores of 80 and above are considered low risk and could potentially increase a business’s credibility to creditors
Read More…

Financial Tips for Business Owners

The prospect of becoming a small business owner can be very intimidating. When you’re the big decision-maker and the success or failure of the company hinges on what you do, it’s easy to become overwhelmed. One mistake can lead to…
Read More… 
Paul Petersen  July 11, 2019 

How Equipment Financing Works

When you are financing/leasing a piece of equipment, you are essentially renting it the same way you might rent an apartment. It typically requires no money down and no collateral other than the equipment we are financing. In most cases, the debt is not on your personal credit and is only considered businesses debt.

Once you have reached the end of the term you will own the equipment (Capital Lease).
Or purchase the equipment on a FMV (Operating Lease).

Equipment Loans are relatively easy to qualify for, and the amount of money you will be eligible to borrow is based on the type of equipment and overall business health.  Leases are a fixed rate so the company does not have to worry about the monthly payment changing.

What is the rate?
In equipment financing we use a rate factor, not an interest rate. With that said, the decision to approve your request and the rate you will receive depends on the credit of the borrower and the history of the business. The better the credit, the better the rate factor.

What is a Line of Credit?

A business line of credit provides flexibility that a regular business loan doesn’t. With a business line of credit, you can borrow up to a certain limit — say, $100,000 — and pay interest only on the portion of money that you borrow.

Barbara Griffith, President SCL Equipment Finance

Thank you for your loyalty and being a part of our company.
 
Sincerely,
Barbara Griffith
714-573-9804 ext 101
 

The Value of Integrated Financing

Business Financing-Facts & Figures

The Following points provide a good overview of your sales and /or acquisition process of a business

  • 81% of businesses prefer to have a payment over the sales price
  • 84% of businesses are without a financing plan when they start to search for equipment
  • 94% of a business owner would return to their dealer that provides financing options
  • 73% would rather not finance equipment from their bank

Would you like a free copy of your D&B Business Report?
Just send me a email:  Email Barbara
 
Always your One Point of Contact
Barbara Griffith
Office – 714-573-9804 EXT 101

What Our Clients Say About Us

My Business needed equipment to replace older technology and to automate some of our current procedures. SCL helped me with the loan process, obtaining a quick and easy financing solution that met with my company’s budget.  Their team is very helpful and honest. We have a new funding partner as we continue to grow.