Category: Conrad Magalis
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, […]
Online Payments for Customers
First Western Equipment Finance to Offer Online Payments Solution for B2B Loan Customers EDEN PRAIRIE, Minn. – First Western Equipment Finance, a division of First Western Bank & Trust announced today the launch of a free online payments feature for its equipment finance customers. “Agile Payments consulted with First Western Equipment Finance project management to […]
Construction Industry Outlook: 2018
In considering construction industry trends, many managers and business owners wonder whether growth will remain steady enough for them to justify purchasing new equipment. During a two-day conference held on November, 1 and 2 of 2017, economists, contractors, engineers, manufacturers and architects met in Chicago at the 79th Dodge Construction Outlook Executive Conference. One of the […]
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 […]
What does the interest rate increase mean for businesses financing?
What does the interest rate increase mean for businesses financing? It’s a good time to be in business. The economy is heating up, and with the corporate tax rate having been slashed from 35 percent to 21 percent, businesses of all sizes are set to enjoy some of the best economic conditions in decades. However, […]
First Western Equipment Finance Donates to Pillsbury United Communities
First Western Equipment Finance donates $430 and dozens of personal care items to Pillsbury United Communities. EDEN PRAIRIE, Minn. – First Western Equipment Finance, a division of First Western Bank & Trust, recently partnered with Pillsbury United Communities to execute a corporate giving project during January, 2018. “Pillsbury United Communities is grateful for the […]
Section 179 Depreciation Updates for 2018
Section 179 Depreciation Update due to New H.R.1 Law or The Tax Cuts and Jobs Act: On January 2, 2018, H.R.1 was signed into law and has revised several previous tax laws going forward. Section 179 depreciation is now $1,000,000 and the bonus depreciation is now 100 percent. Equipment purchase limits have been increased to […]
Understanding Business Credit Processes: Terms & Credit Lingo
Understanding Business Credit Processes: Terms & Credit Lingo Many have asked for a brief rundown of the terminology and “lingo” used during the business credit process. This informative piece is to help bolster your credit knowledge, so that you can discuss the finance process confidently. TIB – Time in Business Not surprisingly, this is one […]