In my 25 years of helping businesses arrange growth financing, I’ve helped many clients with storied credit. As the Commercial Team Leader at Terrace Finance, I have had customers for whom I have secured financing in the past suddenly come to me with a drop of 150 points or more in their credit score. It…
In today’s world, drones are no longer just high-tech toys. With advances in technology, they have become essential tools for various industries. If you’re a photographer, general contractor, or side hustler, adding a camera drone to your toolkit can significantly enhance your service offerings. Here are the top 10 services you can offer by incorporating…
Creative monthly payments for equipment finance or lease agreements can provide peace of mind for unpredictable lead times. These solutions enable you to secure your spot in the production line—before the line gets even longer! As the line grows, so too do interest rates and product costs. Waiting to place an order can result in…
As Commercial Team Leader at Terrace Finance, I receive a lot of questions around Section 179 of the tax code this time of year. If you own a business that needs to buy equipment, then you really should know what Section 179 is and how you can use it to your advantage. I’ve compiled some…
Save Time Maintaining a beautiful lawn takes a lot of time and effort. Having a mower that is old and faulty makes maintaining your lawn even more difficult. The endless cost of repairs and chasing down new parts can double the amount of time you spend and eats into your already busy schedule. With a…
What is section 179 of the tax code? If you own a business that needs to buy equipment, then you really should know what Section 179 of the tax code is and how you can use it to your advantage. Section 179 is a very straightforward tax incentive for small to medium-sized businesses created by…
In turbulent times like these, even strong, stable businesses can experience credit challenges that make it harder for them to get the equipment they need. As lenders tighten their belts, restrict lending to some types of businesses, and reduce the range of acceptable credit ratings, reasonable lending options can be difficult to find. In the…
On Friday, March 27, the CARES Act was signed into law providing $349 billion in small business stimulus funding by way of the Paycheck Protection Program (PPP) with a goal of preventing business failures and job loss resulting from the COVID-19 crisis. The CARES Act also expanded the Economic Injury Disaster Loan (EIDL) program. The…
It was just 2 weeks ago that the Coronavirus began to make news in the US. Now the enormity of the health crisis facing our country and the effect it is having on our economy has become apparent. This was impossible to predict and difficult to plan for. Small businesses, the backbone of our communities,…
Nobody likes being rejected. Not by a date. Not in a job interview. Not at a sports try-out. And certainly not when applying for financing for an important purchase or goal. Working with lenders but also having needs for financing, I’ve seen both sides of financial rejection. As a serial entrepreneur, I’ve received my share…
A capital improvement plan (CIP) is a dynamic community planning and fiscal management tool used to coordinate the location, timing, and financing of capital improvements over a multi-year period. However, many expenditures are not part of the CIP. It is important to distinguish between a capital project to be included in the CIP and an…
