Walking into an industrial equipment dealer your purchase options can seem a bit fuzzy, with terms like “dollar-out” and “early purchase option”, which makes the deal sound a lot like financing. Let’s start simple on terms: ownership. With an equipment lease, the lessee is renting the equipment at a monthly rate for an agreed upon […]
How More Manufacturers Are Making Data-Driven Decisions
Manufacturing is undergoing a shift in operations. The primary challenge to the current status quo is the increase in tariffs on US products. American companies are anticipating a rise in costs for raw materials, which will, in turn, be passed along to consumers. The concern here is losing the customer due to the price increase. How […]
Are New Tariffs Helping or Hurting American Businesses?
Set all aspects of politics aside for a moment. Consider the new tariffs being proposed and put in place globally. Whether in North America, China, or otherwise, tariffs change the way people invest and spend. The Trump Administration is putting in place numerous tariffs. They claim this should support businesses and drive manufacturers to produce […]
Is Your Business Ready For The Next Wave of Manufacturing Reshoring?
Over the past several years we’ve heard a great deal of rhetoric from politicians and business leaders alike regarding manufacturing jobs. Main arguments surround cost and availability of resources—business leaders stating US manufacturing is too costly with rising labor rates as their leading concern, while politicians clamor for more blue-collar opportunities for their constituents. Decades […]
How Collateral Value Can Influence Your Loan Interest Rate
A lot of people don’t realize just how many different factors go into determining financing rates related to items like printing presses, vertical mills, industrial planers and other types of commercial industrial equipment. The business and owner’s/guarantor’s credit score plays a role in determining your rates, yes – but that’s just one small part of […]