Small Signs That Small Business Lending Is Up – Wall Street Journal
Wall Street JournalSmall Signs That Small Business Lending Is UpWall Street JournalRohit Arora, chief executive of Biz2Credit, a small-business lending broker based in New York, says demand for loans from small firms is picking up as sales improve an …
One important take away from this article, is to not give up on funding your business equipment investments. The comment was made in the article “…most small-business owners have either foregone seeking investment capital from banks due to weak prospects for growth, or simply given up trying after being rejected multiple times.”, and unfortunately many new business owners stop right there. However, there often are options for leasing equipment beyond main street banks. We at Premier Funding Services specialize in working with small businesses to craft a custom lease funding plan to help you grow your business.
Section 179 of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for the deduction. The equipment purchased or leased must be within the specified dollar limits of Section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken (for tax year 2011, this means the equipment must be put into service between 01/01/2011 and 12/31/2011).