Not that long ago, small businesses had personal relationships with their local banks. But that was before the financial crisis of 2007-08 and the global economic collapse, followed by the consolidation of many institutions into fewer and fewer banks. Today’s banks, more often than not, are national or multi-national entities that don’t see enough profit […]
Equipment Finance Blog
A Turn in the Weather for Economic Outlooks
U.S. finance executives continue to be frustrated by government actions affecting their costs, leery of the ups and downs in equities markets, and nervous about economic conditions overseas — especially in China.This combination appears to finally be taking its toll on business confidence, according to the results of the Duke University/CFO Global Business Outlook survey […]
CFOs List Economic Uncertainty and Competition as Top Concerns
Finance is at the center of business, and CFOs are well-positioned to help guide strategy, according to a new survey by cloud performance management company Adaptive Insights. The 2015 CFO Indicator showed the majority of CFOs plan to take on more strategic leadership roles (69 percent) and cite a culture of analytics as a key […]
Underestimating Operating Model Can Be Barrier to Success for Businesses
The vast majority of U.S. companies are transforming their businesses, yet nearly one-quarter fail to realize the optimal value of their initiatives. Underestimating the significance of the operating model was identified as the greatest barrier to success, according to a new report, Business Transformation: Driving the Optimum Value, from KPMG LLP, the U.S. audit, tax and […]
Understanding Your Firm’s Brand
It’s not about logos, slogans, or packaging. It’s about keeping promises. Of all the assets your business owns, your brand is one of the most valuable and the most elusive. Without a strong brand identity, your firm is like a wallflower at the prom, sitting in the margins without a story or a voice to […]
Lease or Loan? 10 Considerations When Acquiring Equipment
As the economy continues to improve, more manufacturers are making capital investments to fuel their growth. When business owners and managers consider acquiring equipment, they often think of their payment option as a lease vs. buy decision. In any economic environment, when preserving owner or shareholder capital is an important goal, financing equipment through a […]
Only the Most Profitable Need Apply?
As compliance with Basel III makes capital more expensive, big banks are trying to be more selective in the companies they lend to, says new research. Sharp increases in capital costs resulting from Basel III reserve requirements have forced the largest global banks to become more selective about who they lend money to, according to […]
U.S. Companies Turning to Non-Bank Providers for Credit
A growing number of small businesses and middle market companies are obtaining credit from non-bank providers. The most troubling news for banks—and possibly for regulators: nine out of 10 companies that borrowed from these alternative lenders say they’ll look to tap non-bank providers for credit again in the future. Get the report from Greenwich Associates.
Lenders Need to See Behind the Curtain
These days lenders are wary of certain borrowers. There is more of a necessity from the borrower to show that the risk of loss is low. Asset-based lenders have to take steps to evaluate borrowers and reduce the risk of lending, with the ultimate goal being a successful and long lasting relationship between the two. Due […]
Why Business Loans Get Denied
As reported in today’s Forbes article, a recent Pepperdine University survey of business owners shows that among the smallest businesses (those with less than $5 million in revenue) that sought a bank loan in the previous three months, 39 percent were successful, compared with 34 percent in a fall survey. Even so, it remains harder for smaller […]