A common decision for business owners planning to go solar is whether to apply for an operating lease or a capital lease. This is a critical decision as there are numerous tax-implications and financial benefits in each product. The first step is to understand the fundamental differences between the two products. A Capital Lease is…
Nobody said that running a business was going to be easy. All small business owners are aware that there is an element of risk to running your own business. There is no way to guarantee that your venture, whatever it is, will achieve the expected results. Of course, the reason you’re running a business in…
As an entrepreneur, you will desperately want a small business loan to get your business offer the ground, or to expand your operations. But try as you might, there are a few barriers that are preventing you from obtaining the small business loan that is so important to you. Let’s take a look at them…
There is nothing more exciting than running your own business. There are the good days and the bad days. There are times when things are going well and occasions when you struggle to make any money. But as long as you keep following the right business strategies and maintain a good cash flow, you will…
Managing expenses is one of the hardest things for business owners. There are so many things to take care of, such as taxes, bills like rent and utilities, invoices to suppliers and vendors, salaries of employees and contract workers, unexpected expenses and so on. Managing your business expenses can become time-consuming, fast. It’s hard enough…
There is a lot of talk about the new tariff plans announced by President Donald Trump recently. As with anything President Trump does, there are some who support the new tariffs on imports of aluminum and steel, and others who vocally oppose the plan. This is not a political blog and we have no interest…
Did you read our previous Building your business credit article and end up unsure where to start? We put together this step by step actionable guide to help you get started. Some of these steps may seem a bit basic, so if you’ve already completed it- just move onto the next step. Now It’s important…
Are you planning to buy new restaurant equipment? Then you should know just how expensive it can be to invest in new restaurant equipment, especially when you’re just about to launch a new restaurant. It makes much better sense to lease restaurant equipment instead of purchasing it. Let me explain why. Reason #1: It’s a…
What’s dental equipment financing, and why you might need it? If you’ve been scouring through the internet for information on dental equipment financing or talking to equipment financing companies, you will notice that there is a big difference between what they promise you and what you really get. Yes, they make it sound like dental…
Did you start a business recently? Are you wondering if there is a way to get the financing that you need for your small business or startup without putting your personal credit on the line? Straight up, It’s going to be hard as any traditional business credit is based on the personal credit of the…
Financing Your Salon Equipment Do you own a Hair Salon or Full Service Spa? I’m sure you’ve come across the need to upgrade your equipment. Maybe your shampoo bowl cracked or the leather is tearing in your chairs. There’s many different types of Equipment in Spas & Salons, whether you’re looking to finance the furniture…
Could rating shopping or shopping for the best deals on a mortgage, auto loan or even an equipment lease affect your credit score? First, let’s understand this about your credit score. Having a good credit score can save you a lot of money. It could help bring down the interest rates and reduce the down…
With the all-new Tesla Semi being introduced to the transportation industry, skeptics and truckers alike are wondering if this is the right way to change the hauling game in the US. Sure, the truck could drive on its own at certain times when the driver wants to engage the autopilot, but is having a vehicle…
It’s no secret the benefits of equipment leasing high ticket equipment $50,000 and up. With less upfront money, you can keep your cash flow free for other expenditures. However, what about small-ticket equipment under $12,000? These type of equipment purchases are considered small-ticket equipment leasing. If you’ve ever contacted another finance company regarding getting…
We don’t put lots of thought into the furniture that we have around the office. The most common mantra that we see adopted is – if it works, don’t’ mess with it. While that’s certainly true for many companies, it isn’t a bad idea to take a look from your employees perspective. If your business…
The most common obstacle is finding the right financing to fit your business. Working a government-sponsored program like PACE or applying for a loan at the local bank can be exhausting and time-consuming and end up negatively affecting the business owner in the future. This is why so many installers are turning to brokers who…
Tax season is never our favorite time of year. However, it’s necessary. Like many people say, only 2 things that are certain in life, taxes, and death. We’ve combed over tax codes and spent hours of research to bring you what we think are the best small business tax deductions that you can apply. Even…
Cloud is the latest method of storing data and accessing applications. Due to the always evolving nature of technology, the cloud is a new trend in IT that gives business owners the advantage. You’re able to access your data and software from anywhere in the world with cloud-based software. Some of the largest companies CRMs…
Hurricane Harvey landed in Texas with a vengeance. News outlets are littered with photos that document the tragic flooding and dangerous conditions. While rescue efforts are already underway, the situation on the ground out in Texas is much more complicated than it appears. Hurricane Harvey is coming back around for a second pass which will…
As a business owner, you’ll have a lot of roles to carry out. You can be the accountant and the receptionist, secretary or salesman. You need to be able to put multiple on multiple hats for different roles. Whether its managing time worked, mileage expenses, or to-do lists. You’ll be able to find an app…
If you have a long commute then you’ll know that there’s better ways to sit in traffic on the way home. Listening to the same songs on the radio gets repetitive and annoying. We’re often left thinking how much time we waste during our daily commutes. What can do you do to offset the boredom?…
It seems like there’s a new social media trend that pops up every year. What does this have to do with your business? It’s important to stay up to date with your web and social media presence. Sounds like a lot of work, right? It’s not. Sure, There are tons of social media management companies…
When was the last time you updated your Business owners policy? Not having the right Business Owners Policy can wipe away years of your hard work. Decades of hard work building your company can be taken away or crippled by unexpected expenses. What exactly is Business Owners Policy insurance? Property insurance for your buildings and…
2017 has been a turbulent year for Information Security. Anyone in IT can tell you that the threat of cyber attacks is serious. As evidenced by the Wannacry virus and attack, It’s more important now than ever to regularly backup and update your computers. Just a month ago, the Wannacry virus infected over 300,000…
Getting the best deal on equipment usually means purchasing preowned. You can find some great private party deals but beware there are some caveats when making these choices. You’ll want to do your due diligence and ensure that you’re not buying into a troublesome or problem-riddled equipment. Occasionally, big name equipment companies like CAT or…
There’s plenty of advantages of starting your own nano brewery. There’s some tax benefits which can be quite favorable. And of course, there’s free beer. Who is going to complain about the free beer? We’ve all been there. Enjoying a brew with some close friends, and suddenly – the million dollar idea pops up. Lets…
Sometimes you’re in need of equipment and in a time crunch. Deadlines and projects coming up, so you’ll slip up and try to make a deal with the first equipment finance company to pop up on Google. Time is of the essence and you want your equipment as soon as possible, there’s no warning signs…
If you didn’t attend NAB this year – you may have missed out. Not only was it a good time in Sin City, but attendance broke 100,000 this year. In our Opinion ( On the ground ) – this was the largest show yet. As the definition of the “broadcasting industry” continues to grow, there’s…
We’re humbled to be featured on Fit Small Businesses best small business blogs 🙂 If you’re a small business looking for some direction and ideas. It’s not a bad idea to take a look at the Fit Small Business best small business blogs list! The team over at Fit Small Business compiled a great list of…
This is the Part 2 continued from our other post ” Importance of Business Credit ” Business credit is important because it separates your personal credit from your business. When you apply for a credit card, you’ll typically use your social security number to verify your identity. Managing your business credit is a little similar…
When the seasons change, most of us notice the weather that changes. Sometimes we notice the different type of clothing worn, or our favorite sport comes back into season – fact is that different seasons bring different things. In many parts of the country, Construction work is done in seasons. Even though it still might…
Check out the new Lease Guide that our team put together detailing the benefits of equipment leasing!
As the end of tax season approaches, there’s another often overlooked day in acknowledgment of small business owners everywhere. March 29th is National Mom and Pop Business Owners day. This day is in acknowledgment for all the hard-working small business owners. It’s no easy feat to continue running your own business, but without small businesses-…
Running a business isn’t predictable. Heck, if you can predict your business expenditures down to the last dollar. We’ll name you our new business prophet. However, for everyone else that can’t predict the future- You have to keep a close eye on your capital. Having enough money to continue day to day operations can be…
Looking to upgrade or add new equipment to your medical practice? No matter what type of medical equipment you need, one thing stays the same. Equipment like MRI & X-Ray machines, Medical Lasers, Chiropractic and Dental Equipment all come at a high cost. When you’re looking at purchasing equipment that costs in the tens of…
Depending on where you’re located in the US, you may have noticed the growing trend of food trucks. Our office is based in Southern California which has become a breeding ground for food trucks. Many food trucks become some sort of testing ground for eventual gourmet restaurants. While they’re predominately found on the west coast,…
It’s not easy running a business. If there’s one thing that all business owners can agree on – it’s not easy. Even if you’ve been in business over 20 years, there’s never any cruise control. Whether you’re a Technology Start-up, Medical Supply Company, or Construction company – any business owner can use a little bit…
Exciting news from here out in Orange County! We’ve Acquired All Media Capital. We’re excited to see what the future brings for us… Here’s the article that Yahoo! News did on us.. “Providence Capital Funding is excited by this new acquisition and looks forward to providing exceptional customer services to All Media Capital’s vendors. Providence…
Equipment Leasing companies and Banks typically tend to avoid certain industries and items. Software is one of those industries that lenders tend to avoid. Generally, it’s a little more difficult to underwrite, but there’s many benefits of financing software. Finding a qualified company to process your software lease can benefit your company greatly with Section…
Every year, Trends present themselves and cutting edge technology gets introduced. Just earlier this month, the Consumer Electronics Show showcased dozens of technologies meant to simplify everyday life. Paper Thin TVs, Smart Appliances, body scales are just some of the devices showcased. What do they all have in common? Wi-Fi internet access. How can these…
It’s not a secret that it’s much harder to secure financing when you have a credit score lower than 600. Some people just can’t secure financing through traditional means. Whether that means your bank has turned you down, or you have recent charge offs. We sympathize with you, because we can relate that maintaining your…
Where did time go? It’s already time for the new year. Did your business enjoy additional growth and success this 2016? Before the celebrations begin.. Now is a good time to reflect on the positive and negative. Taking time to reflect on your businesses progress is a good way to start 2017 strong. Setting strong news…
Unless you’re a Seasonal or Retail based business, it’s no secret that business will slow down around the holiday season. Right around October is where you can see a big drop in sales. These Holiday months can be rough on small businesses, so How do you continue your company’s growth into the holidays? If you…
Banking fees have been a sore topic for quite some time. With the recent Wells Fargo scandal still fresh in our minds, we have more reason to distrust large banking institutions. Everyone knows that in lending and loans, you’ll want to watch the APR and interest rates. But what do you need to watch out…
On November 8, The United Stated finalized its Presidential election as unknown controversial Republican, Donald J Trump, was elected 45th President of the United States. He shocked the nation as he picked off Democrat strongholds to secure his victory. As the world pondered the effect that his policies would have on the economy, global markets…
Thanksgiving is America’s family Holiday. There’s nothing like it. Employers give a four-day weekend for you to bond and connect with family. It’s a holiday centered on giving thanks and appreciating everything in life. The entire family gathers for a huge thanksgiving feast. But after that last slice of Grandmas famous pie, and dinner is…
A busy work week doesn’t have to be hectic and chaotic. We’ve all had days where we just wanted to lay down and sleep in. However, it’s no secret that our successful peers plan ahead. It’s one of the most crucial steps to improve productivity. Even if it’s just spreading out the following weeks workload…
Halloween is a classic American Tradition. Every year, millions of Americans dress up to celebrate the spooky Holiday. Whether it’s going Trick-Or-Treating, Visiting a Haunted House or attending a Halloween party; There’s a seemingly endless amount of ways to celebrate this American Past time. Every year, there’s new types of Halloween businesses that spring up.…
Credit Scores. It can be one of those touchy topics depending on how you see it. Your credit score can take years to build up and just months to destroy. We’ve all suffered from credit mishaps; from forgetting to make a payment to utilizing all of your credit. Sometimes, a bad credit score can be…
As business owners, it’s important to stay ahead of the curve with the right equipment. While you don’t have to own the latest and greatest, your equipment has to get the job done. Not having the right equipment can make or break you. Luckily, Section 179 was created to encourage business owners to get the…
Summer is here, which means the hot weather is back and you will be cranking up the air conditioning in your office. However, running that air conditioning everyday will lead to big increases in your energy bills. We have developed a list of the 5 best ways to keep your business cooling costs low…
Green equipment leasing provides businesses with several benefits. Whether you are installing solar panels on your office building or switching to LED lighting, there are many ways for your business to go green. As more businesses turn toward eco-friendly methods of work and production, Providence Capital Funding helps industry leaders make the transition to…
It’s no secret that your balance sheet is a make-or-break factor in your business. Because balance sheets provide an indication of credit standing and how your business will perform in the future, smart industry leaders look for ways to improve. The good news is equipment leasing improves your balance sheet significantly. Before we reveal how…
While credit reports are a part of the equipment leasing approval process, there is much more to factor in. Many equipment financing companies use only computer-generated credit scoring that looks at your financial documents, not your unique situation. Many business owners, CEOs, and other decision makers are not aware there is an alternative to computer-generated…
Equipment leasing provides an opportunity for you to stay one step ahead of technology, keep up with competitors, and streamline your operations. These are a few of the more commonly known advantages. What many companies are not aware of are the tax benefits that come with equipment leasing. According to IRS rules, “If the agreement…
Many startups make the mistake of assuming they must take out high-interest loans or make large down payments to acquire equipment. Or, because most financial institutions require a lengthy financial history that new businesses don’t have, many startups feel as if they don’t have the credit history to be approved. Subsequently, many new business owners…
One of the most valuable benefits of equipment leasing is that it helps keep your business on the cutting edge of technology. In today’s tech-driven economy, acquiring the most updated hardware is a staple for many companies. From employee computers to MRI scanners, businesses often struggle to stay ahead of rapid technological shifts in the…
For companies who want to stay on the leading edge of their industries, equipment leasing provides a cost-effective option to meet the changing market and technology demands. Whether you’re looking for medical or IT equipment, heavy equipment or machinery, the decision to lease versus buy depends on the type of equipment you need as well as…
Equipment leasing affords businesses many opportunities and advantages—from tax incentives to flexible rates that are much lower than loan payments. However, there are a number of easily avoidable mistakes that cause business owners to lose out on several equipment leasing benefits. Depending on your industry, equipment leasing provides distinct advantages. If you are in the…
By accessing our new short online or fax application, you can receive financing of up to $150,000 within hours! There’s not a more competitive, effective, efficient, or faster solution out there. Let us take care of your financing needs today! Call us at 800-341-1288 to speak with one of our dedicated account executives.
We’ve listened to your wonderful feedback and are happy to present you with the new Providence Capital Funding website! Now you can access our application-only financing program online, apply for one of our open positions, and engage with us on a whole new level. Take a moment to explore the website and enjoy what it…
