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Building Business Credit with Equipment Loans

March 6, 2022 By Engs Commercial Finance

Construction Equipment Loans

Financing equipment does more than just provide your business with a new excavator or fleet of tractors or trailers. When you use equipment loans to purchase new or used machinery, you are also building business credit. Consider the benefits of building credit for a business with the use of loans and equipment finance. See how […]

Filed Under: Blog, Construction Tagged With: construction company, construction equipment, construction industry, construction tractors, Equipment Financing

When Is The Right Time To Buy Construction Equipment?

October 29, 2021 By Engs Commercial Finance

Construction Equipment Loans

With the prospect of new infrastructure projects as part of the Biden Administration’s infrastructure bill, commercial contractors throughout the nation are clamoring to claim a stake in the campaign. While it’s easy to assume a new piece of machinery will solve your job site challenges, give you the competitive edge in being awarded a contract, […]

Filed Under: Blog, Construction Tagged With: construction equipment, construction equipment financing, construction tractors

Construction Equipment Auctions: 4 Successful Bidding Tips

January 17, 2021 By Engs Commercial Finance

Construction Equipment Auctions

From a simple nod to a raised sign, to a wave of the hand, auction bidding is nuanced with numerous gestures that are often too subtle for a first-time auction attender to capture.  One moment you’re holding the winning bid the next you’re three bids behind.  Auctions are fast-paced and can be gut-wrenching or exhilarating […]

Filed Under: Blog, Construction Tagged With: construction equipment, contractor, Equipment Financing

Construction Industry Update: What is the Outlook for the Final Quarter of 2020?

August 18, 2020 By Engs Commercial Finance

Construction Forecast 2020

There is no denying that 2020 has been a year that a lot of businesses did not anticipate. It has been a much more difficult and challenging year than many would have planned for.  Over the past few months, the worldwide construction industry has been under intense stress due to the COVID-19 pandemic and the […]

Filed Under: Blog, Construction Tagged With: construction company, construction equipment, construction equipment financing, construction industry

Developing a Construction Equipment Acquisition Plan

July 16, 2020 By Engs Commercial Finance Leave a Comment

Construction Equipment Acquisition Planning

Business growth is typically the result of careful, strategic planning, and consistency in execution.  Despite that fact, the number of organizations with a formalized construction equipment acquisition plan is small; even when it comes to managing fleet age.  Instead, even seasoned fleet managers will find themselves managing repair and maintenance for existing equipment rather than […]

Filed Under: Blog, Construction Tagged With: construction company, construction equipment, construction equipment acquisition plan

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