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Don Seeley

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About Don Seeley

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    Beacon Funding

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  1. Northbrook, IL., Feb 3, 2021 — Calculating an affordable equipment payment just got easier with Beacon Funding’s new and improved mobile app. This week, Beacon released a brand new version of their 3-in-1 Equipment Financing Calculator App for both iPhone and Android mobile users. Now available in both the App Store and Google Play, the Equipment Financing Calculator App helps businesses take the guesswork out of how much equipment they can afford. This powerful app provides equipment buyers and sellers with three unique equipment financing calculators: monthly payment, income tax savings,
  2. As a tow truck service provider, you’re an expert in helping people in dangerous roadside breakdowns. Meanwhile, keeping yourself safe working on the road with heavy-duty equipment isn’t for the faint of heart. Your equipment is your lifeline — not having the correct towing equipment at the right time means losing opportunities and business revenue to your competitors — and is the difference between success and failure. How do you even begin considering what equipment you’ll need, let alone how to even purchase it? Whether you’re acquiring your first tow truck or adding another to the
  3. As everyone looks forward to 2021, it’s a great time to start looking for new ways to help your small business grow. The benefits of adding new equipment are endless. It gives you the ability to become more efficient and increase your output, and even expand to new markets. As you gear up for the New Year and new equipment, we put together a quick guide to help with your business research. Here the top seven things you should know before purchasing equipment with equipment financing: 1. Know Your Options Did you know that the #1 reason why businesses fail is that they don’t have
  4. If you’ve used a personal credit card you’ve already started establishing personal credit. It’s a great tool for getting extra purchasing power for the things you need. However, personal credit alone can only take your business so far. As a small business owner, it’s important to understand and distinguish between personal and business credit. Too often, Beacon Funding sees business owners rely solely on personal credit to finance equipment. Very few small businesses can grow and expand their operations consistently over time without obtaining some form of financing. Establishing business
  5. Per the Equipment Leasing and Financing Association, “In 2019, a projected $1.8 trillion was invested by U.S. businesses, nonprofits and government agencies in plant, equipment and software. Approximately 50%, or $900 billion of that investment, was financed through loans, leases and lines of credit. America’s equipment finance companies are the source of such financing, providing access to capital”. With so many equipment financing options available, how will you know which equipment financing lender is most likely to approve your application? Here are some things to think about when seeking
  6. To our customers, I want to take a moment and say thank you. Thank you for trusting Beacon Funding and providing us the opportunity to support your business. We don’t take your trust lightly. Your success is our priority. No matter how challenging the times, Beacon will continue to work tirelessly to provide your business with the best equipment financing experience possible. As I meet with our staff and hear about our customers’ successes over this past year, I am grateful. Every day we are reminded that our organization’s ongoing success is a direct reflection of the many relationshi
  7. Getting funds to purchase your equipment shouldn’t be hard. Watch the video to see how easy you can apply for equipment financing at Beacon Funding in six simple steps: We get it – your business needed equipment yesterday. Getting the funds to afford expensive purchases isn’t always easy. Sure, there are lenders in the market today that can provide equipment financing, but what if you’re just starting out? Some options aren’t available to every Average Joe. But with Beacon Funding, you’ve got an equipment financing partner you can count on regardless of your business situation. Fi
  8. When an opportunity comes knocking or unexpected expenses arise, it may seem intuitive to rely on personal credit options like credit cards. However, this can tie up your personal credit lines. Establishing business credit is a best practice that will allow your organization to grow. Beacon’s here to help! How Can Business Credit Inject Cash Into My Company? A strong and consistent cash flow is always ideal for any business. Cash allows you to face challenges, overcome setbacks, and take advantage of opportunities as they arise. While strong business profits are fundamental for any
  9. When you’re planning your next business move, pivoting direction is easier when you have the right financing to support your decisions. Having access to cash allows your company to be agile when opportunities or unexpected expenses arise. A lesser-known product to traditional equipment financing is a sale-leaseback. Many equipment lenders consider this “the key to unlocking the equity in your equipment” because it leverages the value in your equipment to free up cash. Let’s start with equity: In simple terms, equity is the market value of your asset minus any debt related to the asset.
  10. For business owners, opportunity cost haunts each decision. Am I doing what is best for my business? Will this decision make it harder to meet next month’s payroll? Will I regret losing potential business if I did not take a chance on this opportunity? If these questions sound familiar, you are not alone. I receive calls each day from business owners just like you. When an opportunity comes knocking, it may seem intuitive to rely on personal credit options like credit cards or home equity lines. However, business owners put themselves at risk when they pledge personal assets or use pe
  11. Looking for ways to get the funds you need to drive your business to its next level? As a strategic business owner, you know the value of having funds and being able to take advantage of opportunities at the right time. There are many products to help you with these opportunities, but choosing the right one can be tough. That’s why we created a guide that helps you compare three different financing products: working capital loans, sale-leaseback, and business credit cards. By using this guide, you can decide which product best works for your buying potential and growing your business.
  12. Did you know that you can take a tax deduction for 100% of your equipment’s cost in the year you buy it using bonus depreciation and/or the Section 179 deduction? Bonus depreciation and Section 179 deduction are especially beneficial to companies that need to purchase significant amounts of equipment to operate their business. By accelerating deductions, companies are able to take advantage of the time value of money by essentially “deferring” income taxes to future years. Bonus depreciation and the Section 179 deduction are the U.S. government’s way of encouraging small businesses to
  13. We have 5 questions that you should ask your financing partner before you work with them. These are questions that aren't being asked that you should consider before moving forward. Hopefully these help you out, let us know what you think! https://blog.beaconfunding.com/equipment-financing
  14. Being a tow truck operator has its ups and downs. It can often be a tough job that can be extremely dangerous if you don’t take the proper precautions. Whether you are new to the industry or are an experienced professional operator, consider the following tips to keep safe so you can keep others on the road safe. Maintain Your Tow Truck Dress Appropriately Safety on the Scene Carry These Items Tip 1: Maintain Your Tow Truck Tow truck operator safety starts by regularly inspecting your tow truck and equipment. There are several things you can do to maintain your tow truck. Here are just a few:
  15. Being a tow truck operator has its ups and downs. It can often be a tough job that can be extremely dangerous if you don’t take the proper precautions. Whether you are new to the industry or are an experienced professional operator, consider the following tips to keep safe so you can keep others on the road safe. Maintain Your Tow Truck Dress Appropriately Safety on the Scene Carry These Items Tip 1: Maintain Your Tow Truck Tow truck operator safety starts by regularly inspecting your tow truck and equipment. There are several things you can do to maintain your tow truck. Here are just a few:
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