Social media has become an economic powerhouse in its own right. Aside from having a website, it is becoming an expectation for successful businesses to have some sort of social media presence. While this might seem like a peculiar consumer expectation, social media can boost your business in a variety of ways, from attracting new customers to generating its own
With an ocean of potential customers as vast as the Internet, it is hard to resist casting a wide net. All too often, businesses trying to build their digital presence will create accounts on as many social media platforms as possible. But when it comes to finding the right customers and maximizing your reach, less is more with regards to
The COVID-19 pandemic has changed virtually everything, from how we communicate and socialize to how we do business and keep ourselves entertained. As the pandemic winds down slowly but surely, there is plenty to life that will return to the old normal. But there have also been a few trends that will persist into the foreseeable future. While that prospect
Floor plan financing is a useful tool that allows car, RV, boat, and heavy equipment dealerships to remain competitive while keeping their sales lots full. Although this kind of financing is a boon for these kinds of businesses, it is not without its own drawbacks. Let’s take a look at some of the pros and cons of floor plan financing.
Consumer confidence is high and people are eager to get out and shop in person as the United States begins to exit the pandemic. However, those businesses that embraced e-commerce are hesitant to go back to the brick-and-mortar shops from the pre-lockdown era. Both models have their respective advantages so there is every reason to consider keeping both streams of
With inflation making the headlines, businesses are looking for alternatives to traditional loans. At the same time, banks and other lending institutions want to expand their offerings. How Inflation Impacts Businesses Inflation can impact businesses in a couple of ways. First, if the cost of raw materials and labor expenses increase, businesses are forced to raise prices to preserve their
Whether you’re an RV, auto, or boat dealer, a credit union or bank, or just need help to provide more loan options than you can on your own, indirect lending can help bolster your business in many ways. While this list isn’t exhaustive, these are a few benefits of indirect lending you can enjoy by working with a reputable company
Floor plan financing is a boon for all kinds of dealerships. Whether you are selling heavy equipment, RVs, cars, boats, or large appliances, there are benefits to floor plan financing over traditional loans and funding options. While there are plenty of reasons most dealerships choose this kind of funding, there are two main reasons that entice businesses to choose floor
Finding the right financing for your business does not need to be a struggle, no matter what industry you are in. While a bank or credit union might be among your first choices, independent financing companies have their own benefits that could be more useful to your business and its goals. If you are a dealership or retailer in need
Keeping your dealership afloat can often be a challenge, especially if you are just starting out or trying to buoy yourself against the economic effects of the COVID pandemic -- not to mention if you are trying to do both at once. Luckily for you, there is a special kind of financing option that gives your dealership the flexibility it
We are a nationwide indirect lender that understands that rates, collateral, and risk are only some of the many important considerations when developing an indirect lending program.
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