Industry Trends – Automation

If you want to get a better idea about what is going on in the economy, take a look at the automation industry trends.

EDA is a useful website to provide you with information on what is selling, who is buying, what the equipment industry market trends are and how your equipment might fit in.

Small Business Financing – Facts & Figures

Do you ever wonder how small businesses buy equipment? The following points provide a good overview on the sales and/or acquisition process of small businesses.

• 81% of small businesses prefer to have a payment over the equipment sales price
• 84% of small businesses are without a financing plan when starting to search for equipment
• 94% of small business owners would return to a dealer that provides financing options
• 73% of small businesses would rather NOT finance equipment with their bank

The Pulse of the Industry

Take a look at the pulse of the business economy through these charts from the past two years.

New Funding Announcement

SCL Equipment Finance is pleased to announce that we can now fund up to $500,000 through our application only program. This means that no financials are needed, only a simple 1-page application to help you acquire the funds you need.

SCL is a nationwide equipment finance company. We work with customers just like you to bring wide-ranging equipment financing solutions. We hope you found this information useful. If you would like to learn more about financing, don’t hesitate to reach out.

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

Established 1992
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)!