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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Equipment Financing Explained

All businesses require a type of equipment to perform their operational activities. For example, construction companies need bulldozers and excavators, while creative services companies may need long-arm quilting machines. While some businesses can purchase their equipment in full, others may lack the capital. Thankfully, equipment financing offers a practical funding solution for expensive equipment. If…

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Employee Spotlight: Alayna Pederson

AFP has an amazing team of hardworking, professional, and passionate employees. This month’s employee spotlight is featuring Alayna Pederson. Alayna is from Canby, MN, and is a marketing intern at AFP. She is currently in her last semester of graduate school at The University of South Dakota and will receive her MBA with an emphasis…

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5 Advantages of Purchasing New Equipment for your Business

Upgrading or purchasing new equipment is influential in helping your business grow. Businesses can get to the point where they have plateaued and need to invest in their business for it to grow and become more profitable. You may need to purchase new technology, machinery, or vehicles. Taking that next step to purchasing new equipment,…

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100 Putts to Sales Success – It Takes What It Takes

This article was originally posted to the AACFB newsletter by John Chaplin. American Financial Partners is a member of the AACFB. From the title, you might think this article is about networking on the golf course and having a successful business. It’s not. It actually refers to something I heard Phil Mickelson say on a…

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Free weekly credit checks are now available

[vc_row css=”.vc_custom_1590175131052{margin-top: 0px !important;}”][vc_column][vc_column_text]If you’re feeling anxious about your financial health during these uncertain times, you’re not alone. That’s why the three national credit reporting agencies are giving people weekly access to monitor their credit report — for free. Now it’s easier than ever to check your credit more often. That’s because everyone is eligible…

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