News Archives - SCL Equipment Finance

Did you purchase equipment 2021? Section 179 write off.

Sep 17, 2021 | News

All businesses that purchase, finance, and/or lease new or used business equipment during tax year 2021 should qualify for the Section 179 Deduction …

SCL Commits $50M to small businesses

Section 179 End of Year Equipment Tax Deduction

The Section 179 deduction limit for 2021 is $1,050,000. This means your company can deduct the full cost of qualifying equipment (new or used), up to $1,050,000, from your 2021 taxable income.

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Why Finance Your Equipment

Equipment financing will help conserve working capital and allow your company to invest in capital equipment, replace outside cost and reduce employee size.

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A Big Business Starts Small

Tips for building a good credit score

Aug 27, 2021 | News

If you have a good credit score, you’ll almost always qualify for the best rates, and you will pay lower finance charges on loans.

TIPS ON MAINTAINING A GOOD CREDIT SCORE

If you’re looking for ways to improve your credit, taking care of negative information can help. Contact the reporting agencies if you find any inaccurate information on your credit report, pay down high balances, and bring all accounts current if you’ve fallen behind on any payments.

How to build credit

Keeping Informed

Here Are 4 Ways To Improve Your Credit

Your credit score is one of the most important pieces of personal information that is associated with you.

Get a free copy of your credit report
Go to Annual Credit Report
Report any errors to credit agency
Sample Letter for disputing errors on your credit report
Keep balances low on your credit cards
Make payments on time each month

Where to Send Your Credit Dispute Letter

What Is a Credit Freeze? Should I Freeze My Credit?

What is a credit freeze? Also known as a security freeze, this free tool lets you restrict access to your credit report, which in turn makes it more difficult for identity thieves to open new accounts in your name. That’s because most creditors need to see your credit report before they approve a new account.

Sample Letter

What You Need to Know About Business Credit

Business credit refers to the collection of scores, ratings, and other indicators commonly used by lenders, suppliers, customers, and other partners to quantify the risk of working with a company. To help you better understand business credit, we’ll walk you through the basics

Request a free copy of your business report

Why Do We Have A Supply Chain Problem?

Jul 19, 2021 | News

Global Supply Chains in a Post-Pandemic World

Why do we have a supply chain problem?

Understanding why & when our supply chain will recover

Why the long lead time
What products will recover faster
Will the US start to manufacture their own products moving forward?
Being prepared as a business

Read more…

Companies need to make their networks more resilient. Here’s how.

When the Covid-19 pandemic subsides, the world is going to look markedly different

Incorporate the latest technology
Diversify your supply chain
Automation, Yes Robotic
New Processing technologies upgrades

The challenge for companies will be to make their supply chains more resilient without weakening their competitiveness. To meet that challenge, managers should first understand their vulnerabilities and then consider a number of steps.

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The State of Small Business Recovery In the US

Small businesses are a powerful and influential piece of the economy. In fact, 99.9% of all businesses in the U.S. qualify as small businesses, collectively employing almost half (47.3%) of the nation’s private workforce.

See How Your State Is Doing…

Does Outer Space Have Laws?

May 24, 2021 | News

Unlocking New Opportunities with Automation

Is It Time To Retool Your Business & Invest In Technology?

Does Outer Space Have Laws?

In 1967 the outer space treaty was announced.

The treaty covers the following

Is there law in space?
Who owns the Moon? Who will own Mars?
Can private companies mine asteroids?
Can we put weapons in space?

Read more…

The Most Loved Brands by Generations

Brands that tap into consumers emotions can establish higher levels of trust. This in turn creates a culture of loyalty that creates long term buying habits.

Examples

Gen Z Millennials – 18-34 – PlayStation
Gen X 35-54 – Amazon
Baby Boomers – 55-64 – Costco

What Generation Are You?

The State of Small Business Recovery In the US

While mom and pop might not always have been the focus, small businesses are a powerful and influential piece of the economy. In fact, 99.9% of all businesses in the U.S. qualify as small businesses, collectively employing almost half (47.3%) of the nation’s private workforce.

See how your state is doing…

SCL President Named to Top Women in Equipment Financing 2020

Feb 21, 2021 | News

Equipment Financing

President of SCL – Barbara Griffith, Named Top Women in Equipment Financing

SCL is proud to announce that our President, Barbara Griffith has been named by Monitor Daily as
“Top Women in Equipment Financing 2020.” Join us in congratulating Barbara for her well-deserved recognition and read the article to learn more about Barbara’s 30 year career in Equipment Financing.

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SCL Equipment Finance Commits – $150 Million to Fund Businesses located in the US.

Since 1992, SCL has been providing equipment financing to businesses in the US. We understand that your business needs capital. Being able to retool your company will be very important as we continue to recover from 2020.

Trends that will define 2021 --- and beyond