Get ready for your best year!

SCL is Open- We have been helping our customers during the Government Shutdown to get the loans they need

Many businesses are feeling the harsh effect of the government shutdown. Most importantly, obtaining a SBA loan that is currently inactive. Economists estimate $2 billion in funding that is already been delayed.

Since 1992 SCL has always been a lender that supports our clients and their need to grow and acquire capital.

We are here to assist our clients that are in a holding pattern during this shutdown.

Application Only up to
$500,000
No Financials Needed

Working Capital Loan for short term lending

About SCL

One point of Contact

Barbara Griffith
714-573-9804 Ext 101
bgriffith@sclfinance.com

A Guide to Keeping Your Business Healthy

How to Improve Your Credit Score
Take 3 Steps to Improve your FICO

Your credit score is one of the most important numbers you can have. Take steps to improve your score.

credit scores chartCredit Scores

750 – 850 Excellent – This represents the best score range and best financing terms. 13% of the nation’s population has scores about 800.

700 – 759 Very Good – Qualifies a person for favorable financing. 58% of Americans have credit scores above 700.

660 – 699 Good – A score in this range will usually qualify for most loans. Typically represents a consumer with no late payments.

620 – 659 Fair – May still qualify but will pay higher interest. For most credit grantors this is usually considered the cutoff line between good and risky credit.

How to Improve Your Business Credit

Here is a simple tip to help you improve your business credit score
 
  • Check your D&B Report
  • Diversify your banking relationship
  • Open a credit line with another Bank
  • Not your current bank
  • Ask SCL for a copy of your D&B report

SCL The Power to Fund

Equipment and Working Capital Loans

SCL Funding Power
Transactions size – $10,000 – $25 Million

  • Application Only with No Financials
  • $10,000 – $500,000
  • $1.00 buyout and FMV buyouts
  • Payment Calculator

SCL Equipment Finance – Established 1992

 

Barbara Griffith
President

800-291-8877 ext.101

Barbara Griffith, President SCL Equipment Leasing

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Why Companies Are Automating Their Operations

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.

Barbara Griffith, President SCL Equipment FinanceBarbara Griffith
President

714-573-9804 ext.101
If you ever have any questions about your equipment purchase, or the cost for financing, please touch base with us.

How Interest Affects Your Business

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.

Barbara Griffith, President SCL Equipment FinanceBarbara Griffith
President

714-573-9804 ext.101
If you ever have any questions about your equipment purchase, or the cost for financing, please touch base with us.

Your September News & Updates

Section 179.org Qualified logo -sclequipmentfinance.com
Section 179 is an attractive tax deduction for small and medium businesses. It’s also very easy to understand and utilize.
Answers to the Three Most Common Section 179 Questions

Buy, Borrow, Rent or Finance
4 Tips to Minimize Risk

By understanding a business net cash flow after tax, and how new technology will improve operations and the future workload.

  • Understand Ownership
  • Weigh cash flow differences
  • Examine future profitability
  • Consider your worker ability to use the equipment

Read article

Money- Working Capital

The next challenge that companies face is working capital. As a business you must compete with bigger companies. Having the right financial partner is important.

Speak with us about your working capital needs and your equipment acquisitions.

Barbara Griffith, President SCL Equipment FinanceBarbara Griffith
President

714-573-9804 ext.101

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What are the Economists Really Saying

SCL Equipment Finance for small businesses

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.

We underwrite your loan at the very beginning. This provides you with a clear road map and greatly reduces delays, surprises and other complications that can prevent you to get your best rate and loan program.
“Having the right source of funds for your capital equipment investment means more revenue”

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

Barbara Griffith, President SCL Equipment FinanceBarbara Griffith
President

714-573-9804 ext.101