Navigating Bank Lending Shifts: How Commercial Credit Group Sustains Reliability
Corporate Finance Blog & Industry Discussions | CCG
by No Author
3d ago
As banks withdraw from the equipment financing industry and adopt more restrictive lending practices, there are fewer options to secure the funding necessary to purchase equipment and grow your business. Changes in lending policies can have a significant impact on both prospective borrowers seeking loans and established business owners who have been long-standing customers at a bank. In this post, we explain why banks move in and out of the equipment finance market and provide strategies to help mitigate the risks if your bank changes course ..read more
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Equipment Financing Myths and Misconceptions
Corporate Finance Blog & Industry Discussions | CCG
by No Author
1M ago
Many companies use financing to acquire the equipment they need to operate their businesses. Because equipment is costly, many companies can’t afford to buy it outright or don't want to use their available cash to buy the equipment, so they rely on financing instead. Financing equipment is not difficult or complex, but myths and misconceptions sometimes keep businesses from exploring financing options. Equipment financing is only for large businesses – not true. Equipment financing can only be used to purchase new equipment – not true. Getting an equipment loan is as difficult as getting a b ..read more
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2023 Bonus Depreciation? Consider filing an extension of time to file your tax returns.
Corporate Finance Blog & Industry Discussions | CCG
by Rebecca Sabo
2M ago
If your business is considering taking the Bonus Depreciation deduction for tax year 2023, you might want to consider filing an extension of time to file your returns. For calendar year taxpayers, the tax filing deadline for S-corporations and partnerships is March 15, and the deadline for C-corporations is April 15, so you should talk with your tax advisor soon ..read more
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Why You Should Consider Financing Your Equipment with an Independent Lender
Corporate Finance Blog & Industry Discussions | CCG
by No Author
3M ago
When it comes to purchasing equipment, many companies usually don’t have the available funds to pay cash, or they don’t want to use their cash to purchase equipment. So, they rely on equipment financing to get the machinery they need ..read more
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Proactive Measures for Data Security and Protection
Corporate Finance Blog & Industry Discussions | CCG
by No Author
4M ago
Businesses often hear about data privacy and security, yet it's not until they encounter problems firsthand that the adage "hindsight is 20/20" truly resonates. A study conducted by Corvus Insurance in 2022, revealed a startling fact: forty-three percent of all cyberattacks are now directed at small businesses. This statistic serves as a glaring reminder of the urgent necessity for robust data protection strategies to mitigate the escalating vulnerability posed by cyber threats ..read more
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Q & A With Commercial Credit Group CEO
Corporate Finance Blog & Industry Discussions | CCG
by Dan McDonough
5M ago
We sat down with CCG's President and CEO, Dan McDonough, to get his insights into this past year in order to help construction, manufacturing, transportation and waste hauling businesses make sense of the economic uncertainty, and prepare for what comes next.  ..read more
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FABTECH 2023 - A Show Recap
Corporate Finance Blog & Industry Discussions | CCG
by Julie Murphy
8M ago
The Manufacturers Capital team had the opportunity to attend the recent FABTECH show in Chicago, and it was quite an experience. The event showcases fabricating and metalworking technology, provides a full agenda of educational sessions, and attracts visitors from all over the world ..read more
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Financial Awareness Day: Unlock Equipment Financing Opportunity | CCG
Corporate Finance Blog & Industry Discussions | CCG
by No Author
10M ago
Financial Awareness Day serves as a reminder of the importance of understanding and managing our finances effectively. For industries such as construction, manufacturing, transportation, and waste, that rely on expensive revenue-generating equipment, this day offers an opportunity to explore equipment financing options that can facilitate growth, improve operational efficiency, and drive success. In this blog post, we delve into the significance of Financial Awareness Day for these sectors and shed light on some of the less than obvious benefits of financing equipment ..read more
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Don't Use Merchant Cash Advance (MCA), Refinance Equipment Instead
Corporate Finance Blog & Industry Discussions | CCG
by Julie Murphy
1y ago
Cash flow ebbs and flows even in strong economic times. But right now, given the general state of the economy, with rising interest rates, market volatility, and general business slowdowns - cash flow is a struggle for many companies ..read more
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What To Expect During the Equipment Financing Process
Corporate Finance Blog & Industry Discussions | CCG
by No Author
1y ago
You've decided that you need to purchase a new piece of revenue-producing equipment. Depending on the industry in which you work, this could be a truck, an excavator, a vacuum truck, or a machining center. Basically, any type of revenue producing equipment that will help you earn more money ..read more
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