Traditional forms of financing will be limited in 2021, in light of the current economic situation and how it has been impacted by the COVID-19 pandemic. Much of what you will be able to borrow will have to do with your financial performance in 2020. So, what’s next for the economy? Where can you turn, […]
Is Supply Chain Financing Part of Your Growth Plan?
Businesses often look internally at funding their operation. For example, they consider the likes of equipment loans, factoring invoices, and even floor plan financing. However, it could be that supply chain financing is the solution you really need. Supply chain financing can help streamline the supply chain of inventory and raw materials, creating better cash […]
ENGS Commercial Capital Launches Floor Plan Finance Program
ENGS Commercial Finance Co. (‘ENGS’), an industry leading commercial finance company, is pleased to announce that its Working Capital subsidiary, ENGS Commercial Capital (“ECC”), is offering Floor Plan Financing to qualified dealers and equipment manufacturers. “ENGS is committed to helping our OEM and vendor partners grow their businesses. ENGS is already an industry leader in […]
Where PPP Fell Short, Main Street Lending Program Picks Up
The Paycheck Protection Program has dominated the headlines for nearly a month, offering relief to small business across the US as they deal with the economic impact of COVID-19. This program, while extremely helpful, left a large portion of the US business market unserved. Many mid-market organizations, as well as, those supported by Private Equity […]
Manufacturing Downturn: What Does Recovery Look Like?
Right now the US is experiencing a slump in the manufacturing sector. The downturn has many factors stemming from the trade war. However, there is more to the picture than just trade wars and tariffs. Consider the downturn of the manufacturing industry in terms of the whole economic scene in order to understand the potential […]