Sign of the Times

Are we in a recession?

Who knows.

Every day another study is released with experts saying "Yes, we are." Or "No, we're not."

What I do know, and what I think we ALL know - is that we ARE in the midst of an economic slow down.

Who knows how tight the grip will be on the economy, and who knows how long it will last. For businesses, now is the time to be saving your money and saving your credit, should the lean moments continue.

With the stimulus package having been passed by the government, many of my clients have received checks in the mail... and my simple advice has been: Rather than running out and using that money on a down-payment for a new or used piece of equipment, I have advised them to DEPOSIT the check in an interest bearing account, and lease what they need INSTEAD. With 100% financing offered by leasing, it is a WIN/WIN. They get the equipment they need to stay successful, and they also save money for a rainy day... or a rainy week (depending on which economy expert you are listening to!)

Let's Talk Leasing

I started this company to assist businesses - small, medium, or large. I wanted to help business owners capitalize on the good times, and survive during the lean times. Leasing equipment definitely does that. Here on this blog I invite business owners to talk about their experiences in the entrepreneurial world, not totally limited to their leasing experiences. What has worked for you, what have you found challenging? Feel free to use my resources, and ask me questions. Allow me to simplify the world of equipment leasing, whether you sit at a desk or drive a tractor for a living - the universal responsibilities and needs of a business owner are the same.

A trend I am seeing a lot of right now, clients that typically would be pulling money out of their home by refinancing - but, because the real estate market is in such a precarious position at the time being with loans being so hard to secure, they are turning to equipment leasing - and finding it is answering all of their needs, and still leaving their equity intact.

Credit Tip:

It is important to watch your credit score, I recommend checking your credit report sporadically for inaccuracies. In recent studies, nearly 80% of credit reports have errors, and almost 25% have misinformation severe enough to contribute to an application denial. There are lots of places to obtain a credit report, my personal favorite is www.FreeCreditReport.com, and not just because of their wacky musical commercials.