Section 179 is a tax code created to help businesses.

“People who complain about taxes can be divided into two classes: men and women.” –Anonymous Did you know financing or leasing equipment using the Section 179 deduction is preferred by many businesses that want to preserve cash and credit lines?  The Tax Cuts and Jobs Act, enacted in 2018, will phase out bonus depreciation over…

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AFP’s CEO Named a Top 50 Woman in Equipment Finance!

Our incredible CEO, Amy Wagner, has been recognized as a Top Woman in Equipment Finance! Her leadership and dedication continue to inspire us all. Cheers to breaking barriers and paving the way for excellence!  “I hail from a venerable lineage of resolute, self-reliant, and unyielding women. My maternal grandmother, who lived an abundant life for…

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172 Years of Expertise in Equipment Financing at Your Service

In these volatile market conditions, securing reliable equipment financing for your business is more crucial than ever. Working with a team that has extensive experience in the industry is invaluable. Our team of 11 has 172 collective years of experience in the commercial financing/leasing industry: Emily- 27 yearsCarrie- 26 yearsJosh- 24 yearsAmy- 23 yearsNick- 22…

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Understanding the differences between personal credit and business credit

As a business owner, it is important that you monitor and develop both your personal credit and your business credit.  Both are important in telling lenders how creditworthy you and your business are. Personal credit Personal credit is tied to your individual financial activities and is linked to your social security number.  Personal credit history…

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You may live in South Dakota if…

If your local Dairy Queen is closed from September through May, you may live in South Dakota. If someone in a Home Depot store offers you assistance and they don’t even work there, you may live in South Dakota. If you’ve worn shorts and a jacket simultaneously, you may live in South Dakota. If you’ve…

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Seven Benefits of Equipment Financing

In every business, having access to the right equipment at the right time is crucial for success. Remaining competitive often requires regular upgrades, expansions, and big-ticket purchases; however, these solutions can be costly to implement. One way to gain that competitive edge is by equipment financing. Getting a loan for heavy machinery can provide a…

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Changes being made to Medical Debt Collections on Credit Reports

The three national credit bureaus have announced that they are making significant changes to the way medical debt collection data is reported on consumer credit reports. Specifically, the bureaus have agreed to three major changes, which are anticipated to impact 70% of medical collections. • Effective July 1, 2022, paid medical collection debt will no…

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Small Business Owners May Qualify for the Home Office Deduction

Due to the pandemic, many Americans have been working from home, but only certain people will qualify to claim the home office deduction. This deduction allows qualifying taxpayers to deduct certain home expenses on their tax returns when they file their 2021 tax returns next year. This blog post is a relevant article originally posted…

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Nearly 90% of Small Business Owners Support More Industry Funding

“Small businesses are struggling to recover amid pandemic-related headwinds according to data released today from Goldman Sachs 10,000 Small Businesses Voices. The data from a forthcoming survey completed last week is a critical warning sign for policymakers amid the increase in COVID-19 cases that more action is needed to aid small business owners as they…

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Congratulations to Carrie Radloff on being named among Monitor’s Top 2020 Women in Equipment Finance!

AFP is so incredibly PROUD to share that Carrie Radloff was named among the Monitor’s TOP Women in Equipment Finance in 2020. Since its launch in 1974, the Monitor has evolved into the leading independent trade publication in the equipment finance and leasing industry.  This acknowledgment is a tremendous honor for Carrie and is so deserving.  Carrie…

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Over 560 Organizations Urge Congress to Pass PPP Expense Forgiveness

This article was originally published on Equipment Finance Advisor The American Institute of CPAs (AICPA) and a coalition of more than 560 organizations representing millions of employers and American workers sent Congressional leaders a letter urging passage of legislation making it clear that expenses related to a forgiven Paycheck Protection Program (PPP) loan are tax-deductible. The letter…

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Thankful Thursday

Happy November! As we enter into the final months of 2020, we would like to reflect on the year. Though this year has been unprecedented, we still have so much to be thankful for! Each week we will be sharing what we at AFP are thankful for. “I am thankful for so many things that…

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