TRUST CAPITAL Blog

In need of additional working capital to purchase a dump truck?

Businesses involving dump trucks should always get the right truck for operations to run smoothly. Thus, taking the time to select the right truck is essential.  

After you have selected the truck the next step is to look for the dump truck financing company that can be of aid to your dump truck leasing needs.

In this article, we will discuss dump truck financing and how it is helpful for startup businesses.  We will also talk about how it can help those with insufficient funds that need dump truck loans to purchase dump truck leases right off the bat.

Smart business owners know that they need to be as finance-savvy as possible when making big transactions for their company. From acquiring high quality products and equipment to finding the best deals, we know you want to be able to get the most bang for your buck.

Auction financing is a great way to get your hands on heavy equipment, specialty trucks,  dump trucks, construction equipment, industrial equipment, and more, without having to pay full price. Virtually anything you need can be found at an auction and most of the time, that equipment, tool, or item is still just as useful even if it’s used.

Planning to lease a box truck for your startup box truck business?

You might be thinking: leasing costs a lot, especially for a business that’s just getting started.

Well, now is the time to ease your worries away, because it’s actually quite the opposite.

Leasing can potentially improve cash flow and overall finances. If you’re wondering how, then this blog post will surely answer all of your questions.

In this article, we will discuss all the basics and fundamentals you need to understand when you lease a box truck.

Manage Your Budget with an Equipment Lease Calculator

What better way to determine costs than an equipment leasing calculator? The benefits are tremendous because you do not have a person right in front of you pressuring you. You also have the ability to change numbers in the equipment leasing calculator to see what terms are going to be best for your business and how these numbers will allow you to control your costs.

The simple calculation formulas make it possible for anyone to determine what the rates for their lease are going to be. When you do your research and determine the standard interest rates, you input that data into your equipment leasing calculator and you will be aware of the numbers even before you deal with the finance company. Having that type of control helps during the discussion of terms for the lease.

Try to decide early on when shopping for monthly equipment lease payments, if total out of pocket cost or a lower monthly payment is more important to you. If your total net cost is more important to you, than go with a twenty four or thirty six month equipment lease term and budget to pay off the equipment lease sooner than later. In my equipment finance experience a 36 month equipment finance agreement is the smartest decision for most equipment loans. You get a manageable monthly  lease payment and you're paying down the principal of the loan in a good amount of time keeping your net cost lower. If you structure it as an operating lease, term residual lease or FMV lease you would get a great tax write off for two to three years as well. 

Your equipment leasing calculator will also allow you to enter different lengths for your lease. With this advantage you can determine monthly costs as determined by time. Obviously the longer the lease term, the lower the monthly payments will be, but you will pay more in interest with the longer lease. Balancing out what you can afford and what you want to pay can help control total costs on your lease, and you can have a good idea of those numbers before you even speak with an equipment financing company.

Looking to build your own dirt hauling business?

Many people think that starting your own dirt hauling business is relatively easy and profitable. While this is the case, it also requires a huge amount of working capital from the owner.

In fact, the biggest challenge that you will end up facing is securing the working capital needed to acquire your dump trucks.

Well-maintained dump trucks are expensive, but are necessary. If you can't budget for a brand new truck than get a used dump truck and utilize used dump truck financing.

The profit of a dirt hauling business is dependent on having the vehicles in top operating condition. Having dump trucks that are unable to perform the necessary tasks can risk your company’s reputation and cash flow.

No budget for a new dump truck?

Then read on, because today I want to talk about dump truck loans to help you build your dirt hauling startup.

There’s a lot that goes into running a successful cannabis business. From finding the right cannabis extraction machine, to finding the partners to contract manufacture for, to the most effective extraction methods, it can be overwhelming trying to figure out where to start.

Whether you’re just starting out or you’re looking to take your cannabis business to the next level, improving your cannabis extraction method is a perfect place to begin. By understanding the popular methods of cannabis extraction, you can better understand which method will be most effective for your business.

With the passage and signing into law of H.R.1, aka, The Tax Cuts and Jobs Act, the deduction limit for Section 179 increases to $1,000,000 for 2018 and beyond. The limit on equipment purchases likewise has increased to $2.5 million.

Locate Top Vendors for Equipment

Operating a cannabis extraction business is becoming popular with the increased number of states making cannabis legal for recreational purposes, but there are also many states that allow it for medicinal purposes as well. Locating a vendor for your cannabis extraction equipment is a lot easier now than it used to be. Most of the top vendors can be located by a simple internet search and then you can begin your research and compare your options. The top cannabis extraction vendors will be able to get you all of the equipment that you will need to provide clients with the products for their cannabis needs.

Want to start your own dump truck business but don’t have the budget?

Starting a dirt hauling business that involves used dump trucks can be financially challenging.

Dump trucks can be expensive and running the business can be even more so. Aside from the daily operating expenses, maintenance costs can be steep, especially if you are purchasing second-hand dump trucks.

But, how can you support your operations if you have no capital to acquire the dump trucks you need?

With used dump truck financing, you can easily start your gravel hauling business without breaking the bank. If you have no experience in using this type of business financing before, then this guide will help you gain an understanding on how to get the best business loan for a startup business.

In today’s blog, we will discuss what used dump truck financing is and how this type of financing works for startups.

Running a medical practice is hard enough these days, especially when you account for the amount of doctors, clinics, and hospitals out there. Trying to stay ahead of the others is difficult and almost impossible without the new medical equipment on the market. To stay competitive, you should consider medical equipment leasing as an option to obtain the newest technology and be able to provide service to a larger number of patients.