Many small business owners report having difficulty financing their businesses. Whether because of a lack of collateral, bad credit, or anything in between, there are many roadblocks that can stand in the way of business owners and their dreams of improvement. However, there are a few things that business owners should know that can help them get over the first mental hurdles they will face when it comes time to start looking for financing. Small business funding is more scarce now than it used to be, but it has not simply gone away. the American entrepreneurial spirit will always find a way to fill the gaps left in the economic climate, and small business owners in particular are a hardy bunch. When it seems as if business funding from loans and grants is a pipe dream, and that every lender and credit union you visit is eager to turn you away, take a deep breath and consider these three key points. 1) First of all, there is

Small business owners in the logistics business are reporting dissatisfaction with the rates of return they are getting from their shipping, citing decreased capacities and higher costs related to operating and financing expensive equipment. According to an article on, there are two ways that trucking companies will begin to see adequate rates of return on their investments. Those two ways are either an increased demand through a spike in purchasing and production of goods requiring transport, or a dip in the supply of trucks through a reduction in the number of available drivers, or governmental regulations that mandate a decreased limit on driver productivity. Due to the current market conditions, many larger fleets are wary of expanding, and instead are replacing or re-outfitting older vehicles. Unable to obtain external financing, many smaller trucking firms are being forced to downsize, and mid sized operations are trying to expand in order to prove to customers that they are large enough to be put onto a list of

While numbers have improved over the years relating to trucking accidents, the Federal government recently loaned truckers more break time in new regulations that have just gone into effect. The vast majority of truckers are against the mandated break time, saying that the down time cuts down on the number of paid hours they can book and loans a new threat to their livelihood. The working week for drivers has been reduced from 80 hours to 72 hours, with new mandated rest periods. The point of the legislation is to reduce driver fatigue,  which is backed by scientific research as being one of the main contributors to the 4000 truck crashes that occur each year in the US. However, with crash numbers already going down, drivers are saying these measures are redundant. Furthermore, drivers claim that the reduced hours will increase domestic shipping costs and congestion on roads. On the opposite side of the spectrum, the researchers who have compiled the data behind the legislation

Last month the New York Times ran an article called “How to Buy a Perfectly Peculiar Tree.” Unique trees, the article explains, can be sought after for their size, shape or sheer rarity. And their purpose? “They can serve as sculptural centerpieces to a yard or perfectly complement architectural details.” The short piece goes on to briefly profile three nurseries that specialize in rare trees. One will even grow a custom tree for you — if you’re willing to wait a few years. The real question is, of course, how much do these things cost? The Times explains, “Prices for rare trees vary widely. Mariani Gardens, a retail nursery, will sell an Ever Red Japanese Maple like the one on the lift for $16,000. A 45-foot-tall copper beech went for $60,000. Installation of a large tree might begin at $20,000.” One comment on the article summed it up, “How nice it must be to have the means to drop $20K on a tree. Very nice

  In a column published late last month, The New York Times’ architecture critic Michael Kimmelman argued for rebuilding New York City post-Hurricane Sandy in a responsible fashion. He feel efforts should be loaned toward rebuilding businesses and homes in a sustainable way. The piece is called “Vetoing Business as Usual After the Storm” and the advocate-critic writes: New York clearly ought to have taken certain steps a while back, no-brainers after the fact. The Metropolitan Transportation Authority ought to have installed floodgates and louvers at vulnerable subway entrances and vents. Consolidated Edison should have gotten its transformers, and Verizon its switching stations, out of harm’s way, and Congress should have ordered the Army Corps of Engineers to study the impact of giant barriers to block parts of the city from the sea. The thoughtful construction projects he loans his advocacy to, however, have yet to take hold in the United States, at least not in the public sector. Kimmelman explains that this is because,

Horizon Provided a Record $4.1 Million in Financing Last Month Horizon Business Funding is proud to announce that we provided over $4 million in small business financing during the month of August! Our merchant cash advance program helped dozens of small business owners get capital to help pay for operating costs, hire new employees, finance and repair equipment, and more. Business owners from a wide range of industries are putting our cash advance funding to work for them. During August, Horizon funded commercial construction firms, medical practices, dental practices, auto repair shops and more. Even as national economic data shows that small business lending continues to stagnate, Horizon Business Funding is helping entrepreneurs access more capital than ever. To learn more about how our business cash advance program works, or to apply for business financing, visit our website.

Trucking Professionals Struggle to Maintain Their Fleets On August 6th, the Equipment Leasing and Finance Association released its 2012 Survey of Equipment Finance Activity. The survey showed that trucking equipment financing accounted for just 4.8 percent of overall equipment financing. In 2010, the trucking industry accounted for 10.4 percent of equipment financing. While fewer trucking professionals received equipment financing, 11.6 percent of those who received equipment financing used their funds to purchase trucks and trailers. Read the ELFA’s full report on truck and trailer financing trends. As transportation professionals face rising fuel costs and struggle to comply with environmental regulations, equipment leasing has fallen along with financing for those leases. If you need extra working capital to update or expand your trucking fleet, a trucking financing loan from Horizon Business Funding can help. Learn more about trucking financing .

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