Category: Business Finance

FWEF Partners with Toro and ARA Foundations to benefit Fort Snelling State Park

On September 14th and 15th, First Western Equipment Finance, alongside our First Western Bank & Trust colleagues participated in a project to improve historic Fort Snelling State Park in St. Paul, MN. The Toro Company Foundation in partnership with The ARA Foundation hosted the event where volunteers installed a nature play area, moved dirt deposited […]

Time to buy new equipment? Business owners can be eligible for a tax break under Section 179

As 2021 comes to a close, this is a great time to take one last look at your upcoming equipment needs and decide if now is the time for an upgrade or expansion. That’s because the enhancements to the existing Section 179 deduction, passed under the Tax Cuts and Jobs Act of 2017, provide more […]

First Western Equipment Finance Partners with Local Animal Rescue

First Western Equipment Finance has long supported Second Hand Hounds, a local non-profit animal rescue here in Minnesota. On November 14th as part of Give to the Max Day, we have contributed to Second Hand Hounds’ great mission of making an impact on the lives of animals in our community. Thanks to Give MN’s Give […]

Does Your Finance Agreement Fit the Needs of your Rental Business?

There’s a lot to love about being in the equipment rental business. But setting up a new equipment finance agreement to update your inventory is not one of those things. In fact, the thought of that next contract may give you a queasy feeling. Maybe it’s because when you approach the typical lender for financing […]

Acquiring new snow-removal equipment? Here are some things you should know before you sign

Snow removal services can help landscaping companies and other warm-weather businesses maintain cash flow during the non-growing season. In this blog, we’ll talk about some of the financial considerations of adding or expanding a snow-removal component to your business. In the next section, we’ll discuss the pros and cons of financing or leasing snow removal […]

A look at Forecasts and Trends for the 2019 Construction Industry

With the end of the year approaching, it’s decision time. Plans and operating budgets are in the final stages, and you may be considering how equipment financing fits into your 2019 budget. To serve as a guide in these final decisions, here are some economic forecasts for 2019 and what they mean for the construction […]

10 Tips on how to Use Finance to Close More Sales

Many sales are lost when the equipment sales rep does not offer financing and leaves it up to the customer to figure out a way to pay for the equipment. If their bank says no or they are not aware that you offer a solution that is not only competitive, but tailored to the equipment, […]

5 reasons equipment financing makes more sense than paying with cash

5 reasons equipment financing makes more sense than paying with cash For those involved with their company’s financial strategy, two factors inspire smiles: the booming economy and slashes to the corporate tax rate. Business managers in particular will see the additional capital as an invitation to invest in much-needed new equipment purchases. Because the business […]

Keeping up with New Equipment Technology & Shorter Business Cycles

In this competitive business environment, we all know that new equipment technology is rapidly transforming numerous industries, but to really appreciate the exponential rate that technology is advancing these days, let’s briefly consider one of the most important, most transformative pieces of equipment in human history: the plow. Pulled by a draft animal and guided […]

2018 Tax Benefits for Businesses

Whether you’re a small business owner or part of a large, multinational corporation, the revised 2018 tax benefits has likely become the center of many conversations and strategy sessions. Many of us know the big picture of how the new tax bill slashed corporate tax rates from 35 percent to 21 percent. This drastic cut […]