Small and Mid-Range Businesses Rush to Grab Section 179 Bonus Depreciation

Torrance, CA – (PRLOG – December 13, 2012) – With the clock ticking, small and mid-sized businesses are sprinting towards the close of the Section 179 Bonus Depreciation finish-line.

The purchase or lease of new and pre-owned equipment can provide the linchpin needed to open new opportunities for profit, growth and business success. Fortunately, there is still a window open to lower the expense by writing-off a healthy portion of the purchase price of qualifying equipment when it goes into use before the year comes to an end. This is the last year where you can write off as much as $125,000 in equipment acquisitions. Next year, and for the foreseeable future, the maximum amount you can write off is only $25,000.

“Given the tax advantage and a favorable lending climate, small companies have a chance to make the most of some terrific values”, according to CFIC Funding, Inc. “New or pre-owned equipment financing is a fantastic success and expansion strategy and the Section 179 Bonus Deduction makes it a no-brainer.”

With the bonus depreciation allowed in Section 179, a small business can take the entire purchase price of the equipment that qualifies and depreciate it in one year, rather than the more common five to seven year depreciation time-line.

Why the race against the clock? The idea behind the Section 179 bonus depreciation tax break was simple. Stimulate growth of the US Economy by creating an environment that encourages expansion. However there is no expected renewal on Section 179. The good news is there’s still time to grab the tax saving for small businesses who act swiftly.

Small business owners are encouraged to move forward hastily with their purchase of qualifying equipment that includes: equipment and machines purchased for business use; tangible property used in business, business vehicles with a gross weight in excess of 6,000 pounds; computers; computer Off-the-Shelf-Software; office furniture; large manufacturing tools and more. CFIC Funding states that: “Approval and funding can occur quickly so the good news is… there is still time to get in under the wire.”

As business owners throughout the US are aware, successful ventures make the most of legal tax incentives to reduce their operating expenses thus increasing profit margins. The IRS Section 179 Bonus Deduction is an easy to use tax break. Small businesses have an opportunity to invest in their own business adding capital equipment needed for growth and expansion.

About CFIC Funding

Headquartered in Torrance, CA, CFIC Funding has provided quick, reliable funding to businesses throughout the US that use the Section 179 bonus depreciation, tax deduction. CFIC Funding has a reputation as being a knowledgeable and diligent provider of invoice factoring, accounts receivable factoring, equipment financing and project financing for small to mid-sized businesses. They offer financial services to major industries including: manufacturing, freight, transportation, consulting firms, service providers, staffing firms, distributors, manufacturers, medical service providers and power project developers.

To learn more about equipment financing and how you can take advantage of this opportunity, call CFIC Funding at 310-370-4871 or visit the website at http://cficfunding.com/. Business owners are encouraged to visit the IRS website and consult their tax advisors for details.

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Take Advantage of Your Business IRS Section 179 Bonus Depreciation Tax Break

Time is ticking… you still have time to qualify for a sizable tax break from Section 179 (up to $125,000 in 2012 to just $25,000 thereafter).

There are many additional advantages to your business by Equipment Lease Financing. Equipment Lease Financing offers a very viable option for business owners to capture new business opportunities without the need to tie up capital or to use their line of credit––thus keeping these funds available for other business expenses.

I want to learn about additional advantages of Equipment Lease-Financing! Grant Me Access

A report from the Equipment Leasing and Finance Association (ELFA) says––new loans, leases and lines of credit totaled $7.6 billion this year. That’s an increase of 26% over the October 2011 reports. You can read the full article on Reuters.com.

What are my savings with Section 179 tax deduction?  Use this Section 179 Calculator To Find Out

Find out more about the Section 179 Tax Break — You’ll learn:

What is section 179?

What equipment qualifies for the 179 deduction?

Is there any difference between Section 179 & Bonus Depreciation?

Can I lease equipment and still qualify for Section 179

Does software qualify for Section 179?

What impact does the Stimulus Acts have on Section 179?

How do I elect to take the 179 Deduction?

Apply for Equipment Lease

CFIC Lease Application

Apply for a Line of Credit

CFIC Line of Credit Application

Find out why CFIC Funding, Inc is where small and middle market business owners turn for successful funding solutions––move your business to the next level now, call CFIC Funding at 310-421-7370 today or call 310-370-4871!

Small Business and Middle Market Business Loans

When your business needs loan, a prompt response and fast funding can make a world of difference.

It doesn’t matter if you’re an established business or a start-up, a lack of ready cash can make or break your business—even when sales are through the roof.

At these times, business owners want a lender that provides fast decisions, delivers cash in a hurry and takes time to understand their needs.

That’s why so many business owners like you rely on CFIC to craft sensible business  loan programs and funding solutions for the financial and operational enrichment of their company.

When your bank, credit union or other funding sources aren’t providing the cash support you need, that’s where CFIC Funding comes in. Even with less than perfect credit, you can get the financing you need.

Take a few minutes to review our website and you’ll quickly see that you’re in the right place. Or, to save time, just give us a call at 310-370-4871 and let’s get started on getting you the cash you need for your business today.

Accounts Receivable Financing and Factoring Loan-How to Get Fast Cash When You Need It

Learn More – Click Here

Commercial Lines of Credit Loan-Collateral Problem Solved

Learn More – Click Here

Equipment Financing Loan-Plenty of Benefits Other Than Cash

Learn More-Click Here

Project Financing Loan-Lenders Want To Finance Your Business

Learn More-Click Here

Not Sure What Type of Business Loan, But Know How Much You Need?

Sharpen Your Axe to Get Your Loan Funded

Learn More-Click Here

Working Capital Loan – $5k to  $500k

Learn More-Click Here

Business Transportation Loans – Class 8 Truck Loans/Trailer Loans

Learn More-Click Here

Your direct source to the business loan you need to support any type of legitimate business loan or lease.  Call CFIC Funding, Inc., today at 310-370-4871

Competitive rates for virtually any business with A to D credit profiles

Access Small Business financing for transactions from $10,000 and up

Get Project & Middle Market financing with virtually no maximum amount

Financing for Trucking Companies

Is Your Cash Flow Tied Up In Receivables?

Your trucking company may be eligible for initial funding of up to $250,000 with no financials required – no monthly minimums. Additional funding may be available with some documentation through factoring or accounts receivable financing.

Request a quote right now… Dial 310-370-4871

Factoring For Trucking Companies

Now owner-operators, small trucking companies and large fleets nationwide can obtain freight bill factoring services. CFIC Funding Inc, makes the process simple-to-understand, provides flexible credit limits and same day decisions.

This allows you to set up your account within 4 to 5 working days. (Must have 2 trucks minimum for factoring program)

Our receivable finance program for your trucking company is not a loan, it is simply an ongoing transfer of your freight bills (Receivable Asset) for us to finance. There is no debt created and no payments due. It is that easy!

Trucking Industries We Fund:

• Intermodal and Containerized Freight
• Auto Carriers
• Auto Hauler
• LTL
• Freight Brokers
• Moving Companies
• Special Equipment Haulers
• Long Haul loads
• Local Delivery
• Cattle Carriers
• Boat Hauler
• Dry Van Hauler
• Dry Bulk Hauler
• Flat Bed
• Reefer Hauler
• Manure Hauler
• Local Hauler
• Household Goods Hauler
• Regional Hauler

Are you losing out on potential sales due to shippers or brokers insisting on payment terms?
Your trucking company can grow by offering credit terms or extended payment terms to
potential shippers and brokers.

Request a quote right now… Dial 310-370-4871

What makes us unique in the truck factoring industry?

• 15 Minute credit checks for new customers
• Industry specialization allows us to offer higher advance rates
• No long term contracts
• We accept newly formed businesses
• Sole proprietors accepted
• Same day funding via Wire Transfer or optional ACH
• Four Man Team is Assigned per Client
• Online Reporting
• Simple to Understand Rates
• Fuel Card Services (Optional Service)

No Hidden Fees

• No Minimum Invoice Fees
• No Need to Factor All Accounts
• No Need to Factor All Invoices
• 15 Minute credit checks for new customers
• No Hold Backs or Deposits Required
• We accept newly formed businesses
• Sole proprietors accepted
• Same day funding via Wire Transfer or optional ACH
• Four Man Team is Assigned per Client
• Online Reporting
• Simple to Understand Rates
• Fuel Card Services (Optional Service)

Request a quote right now… Dial 310-370-4871

The Proven Formula For Financing Your Business

A few years ago, we had a client seeking a total of $13,500,000, which equaled about 65% of the appraised value based on an “as completed value”. The funds would be used to acquire a 40,480sf commercial building in Northern California. The purchase price was $9,500,000. The “as converted” MAI appraised value was $20,600,000. There was approximately $1,000,000 in costs and fees to close and fund the transaction with another $2,000,000 needed to build out the interior spaces as planned.

The “as complete” plan called for the conversion of the Property from general office into 40 Medical Office Condominiums about 4 months after the renovation work was completed. Each unit would then be approximately 1,000sf. Zoning, parking and planning department requirements for conversion were met.

The Property was already 75% leased to 2 tenants. NOI was about $1,200,000. We were told that both of the tenants signed a letter of intent to purchase 10 of the Condo units (for a total of 10,000sf) upon approval of the conversion to medical office condos for $6,000,000.

After we helped the developer revise his loan package, we got them an experienced real estate investment firm to provide the cash equity required. Upon completion of their review, our favorite bank at the time offered the developers a total loan amount of $8.7 million with an 18-month term for the acquisition and construction expenses at 9% interest rate that would convert to a 7.5% permanent loan with a 7-year term and 20 year amortization.

Our client executed the LOI and the other internal bank loan documents then was able to close and get funded in 5 weeks.

It’s like we say all the time, if you put the right information in front of the right lender, you will get the cash you need.

If you need help, ask us for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-421-7370! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

Your Options Can Spell Success For Your Business

Several years ago we got a call from a very nice lady with an unusual business and type of property. She was at her wits end because she had a history of profitability, good equity and other real estate for cross-collateralization purposes but couldn’t find any lenders willing to provide the growth capital she wanted. All the lenders she contacted said that her property type was not one they financed.

What kind of property did she have? It was a multi use property that consisted of a strip mall with a bridal and tux shop, real estate office and one of the areas more popular banquet halls. We’re talking about a 9600 square foot building with a 3000 square foot dance floor, private dressing rooms, full kitchen, huge bandstand, full bar and liquor license. The problem was, there wasn’t any traditional rental income, as the borrower owned all of the businesses in the strip mall.

All this and none of the local banks she approached would give her a dime. After we looked at her appraisal and tax returns, we called the chief lending officer at our favorite bank. He agreed that she was deserving of the loan she wanted, but knew that the other members of his loan committee would have a problem with the property type. So he referred us to a private lender in her area that he bought seasoned loan packages from in the secondary market.

Once we compiled and shared the right information with this private lender, he was happy to make sure that our client got all the financing she wanted with rates and terms competitive with any bank. Further proof that even if one lender turns you down, there are others that will work with you.

If you need help, ask us for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-421-7370! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

Are You Making THIS Commercial Borrowing Mistake?

Did you ever know someone that let their ego stand in the way of their own success? A few years ago, we had a client that wanted to borrow tens of millions of dollars for the construction of a 4 star hotel. Here’s a man that spent lots of money to buy the land, get the architectural work done, engineering, MAI appraisals and environmental studies completed. He even developed a better than average business plan and a decent financial model (proforma).

What was the problem? Well, he had a good management background in manufacturing and distribution. He even bought and managed a strip mall and owned a couple of small eateries that turned a profit. But, after he transitioned away from manufacturing and distribution, he ran into some tax problems. Seven digits worth of tax problems. Sure, he regularly made his payments, but it still looked bad on his credit reports.

Yet, his tax problems were not insurmountable. He still had a project with potential and some equity in the strip mall and land where he wanted to build the hotel.

Ultimately, what caused his failure to get financing was his insistence on managing the new hotel himself, even though he had absolutely no experience in hospitality. If he had been willing to do what the banks and private lenders suggested, we would have been able to fully fund his development.

All that was needed was to “flag” the hotel with a name brand hotel chain and contract with them to manage and operate the facility. But, he was determined to save the 5% management fee and convince the world that he could do it himself. The last time we spoke with him, he still needed financing and his land remained vacant. A clear case of ego run amok.

Financing for the hospitality industry is readily available for those with good plans and cooperative dispositions. If you need help getting financing for your needs, call us and we’ll see what can be done to move your plans forward.

Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-370-4871! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

Oil & Gas Financing: What All The Experts Agree Works Best

One of the toughest categories to get funds for is financing the extraction of in-ground assets. What are in-ground assets? We’re talking about oil & gas. Also mining projects of all types. Whether it’s coal, copper, iron, gypsum or any other mineral that has to be taken out of the ground.

Why is it so hard to get funds for these extraction activities? Because the risk of failure is historically very high. Even so, if you have a plan that makes fiscal sense, when you put the right information in front of the right lender or investor, you can get the cash you need. You can get debt and/or equity financing. You can even get joint venture partners.

The information you need to provide is not so different than what’s required for financing of other types of projects. You’ll need a clear business plan and financial model so the lender or investor can see your vision. Be sure to provide a thorough description of the market, its history and upside potential.

One of the most important documents that will absolutely be necessary is a recent 3rd party reserve report that provides a clearly stated estimate of the recoverable mineral reserves available. Many times we see reserve reports prepared by individuals that are members of the development team. This will NOT work as these reports will certainly be viewed as a conflict of interest. An independent 3rd party that has no other ties to the borrower/developer must be used to develop it.

Provide detailed resumes on the management team that proves you have the experience, background and ability to successfully manage and operate such an endeavor. Prepare a detailed schedule of the permits and licenses required to begin construction and/or operation with realistic timelines needed to obtain any you don not already have.

If you are already operating and generating revenue, be sure to give them copies of your last 5 years of financial statements and balance sheets. If you’re a start-up, it will be more difficult, but still very possible to get funded.

There are far fewer lenders and investors that will fund the extraction of in-ground assets than there are for other types of projects.

If you need help, ask us for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-421-7370! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

How To Leverage Your Relationships Properly And Fund your Project or Business

Recently we’ve seen projects with good potential abandoned primarily because the developer didn’t properly leverage their relationships. In two cases, the developer relied on a 3rd party to get them an audience with a person of influence. After their initial meeting it was decided there was mutual interest to move forward. It later became obvious that the developer didn’t have realistic expectations or fully understand that there was far more required to prepare their projects for financing. Let’s face it… there is only so much that these persons of influence can do to help them.

In one case, it quickly became clear that the developer over-valued the introduction. So much so, that when it came time to finance their project, the offers to fund the project that were obtained left the developer with far less than they had hoped for. Sure the developer had done a decent job at preparing their paperwork, finding appropriate sites, feedstock and off-takers. But their commitment to the introducing party was so excessive, that the project fell apart because none of the parties involved was willing to take a lesser amount than they were led to believe they deserved.

This was a classic case of greed and unrealistic expectations.

In another case, the introduction was made. An appreciable amount of work was done to prepare the business plan and financial model. The developer found a suitable site for the project and got commitments for their feedstock. They even identified a potential lender that was interested.

What did they do wrong? They didn’t take the lenders advice before rushing back in front of the influential party. Sure, they had their meeting, but without having their project properly structured, the outcome from the meeting was, like the other group, far less than what they had hoped for. Like the other group, it was so different from what they had planned for, that the developer had to scrap the project altogether.

Would one consider these signs of inexperience and unrealistic expectations? Not hard to make that case. But, the bottom line is, an introduction is only worth so much. It’s certainly, not worth 10% or more of any project. Also, no matter who introduces you to the influential person, you still need to make a top-flight presentation and demonstrate that by working with you they are not undertaking any greater risk than normal. Preferably, less risk.

Project financing and business funding can involve complex issues and concerns. It is your responsibility as the developer or business owner to prove that you have taken all these issues into account and have taken the necessary steps to fully protect the primary participants.

If you need help, ask us for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-421-7370! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

A Little Mistake That Could Cost You a Fortune

One of the biggest mistakes developers make is trying to do too much too soon. We regularly talk with developers that have good ideas but never get past 1st base in the financing arena. Why? Because rather than focusing on completing one project, they commit too much of their limited resources trying to move 2, 3, 4 or more projects forward simultaneously.

Don’t kid yourself into thinking you’re Warren Buffet or Bill Gates. Plan your projects and move them forward to completion one at a time. Be prepared to get bad news from your local banks. If this happens, don’t give up.

There are non-traditional financing alternatives available that can fund most of your planned energy, clean energy, manufacturing and infrastructure projects when qualified.

When you properly plan and structure your project, you can access these performance-capable, lenders that offer a financing model that provides 100% financing for qualifying projects.

These lenders can provide very attractive terms for construction, mergers and acquisitions, recapitalizations and more.

You of all people know that in today’s financial market, business owners and project developers like you need creative finance models matched with performance capable capital sources with a voracious appetite for growth opportunities in your industry and class of business.

Many projects already have the qualifying components to obtain this financing. When properly structured, projects are almost guaranteed to receive 100% financing. Funds are usually available within 90 days or less of completing the required documentation.

The lender has been virtually unaffected by the recent economic downturn and is actively seeking renewable energy, manufacturing and infrastructure projects of all types to fund.

You can get assistance in properly structuring your project and/or loan request to qualify for these alternative funding sources. With stakes this high, you shouldn’t think twice about asking for help.

Ask for help if you need assistance you’re your paperwork and/or finding the best lenders for your situation. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-370-4871! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com

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