- George S. Patton Jr. – U.S. Army General
Most of us in the business community can appreciate this quote from General Patton. We have all weathered some challenges, and are now beginning to experience victories with increasing frequency. The outlook, for most, has brightened as worries of a double-dip recession fade. A double-dip decline in the economy would be inconsistent with all of the good news that has been reported recently such as:
- Manufacturing activity expanded for the 13th consecutive month in August and at a faster pace than forecasted as factories added workers and increased production.
- Consumer confidence also climbed more than forecasted in August as Americans turned less pessimistic about the outlook for jobs, easing concerns that households may retrench even further.
- Federal Reserve Chairman Ben Bernanke stated in late August that the Central Bank “will do all that it can” to ensure continuation of the economic recovery, and outlined steps it might take if growth slows.
- Corporate earnings: 459 of the S&P 500 firms have reported Q2 profits, with 75% exceeding expectations, 9% meeting them and only 16% falling short.
- Investment in equipment and software has been strong and is expected to continue to advance at a solid pace.
- Numerous business studies and surveys have exceeded expectations including better than expected business activity, lower than expected jobless claims, and stronger than expected home sales.
The crew at First Star remains focused on promoting continuation of the economic recovery and fueling business growth. The First Star funding programs are designed to help businesses of all sizes prosper regardless of where we are in the economic phase, but they are especially powerful during a period of recovery. Many of our recently funded transactions have been geared toward making businesses more efficient which in turn produces top line revenue growth along with enhanced profit margins.
Equipment leasing has always been exceptionally powerful during the last few months of the calendar year. It could be especially advantageous this year due to the pending expiration of substantial tax benefits such as extra depreciation and the enhanced Section 179 deduction limits. Under the current parameters a business can deduct up to $250K against taxable income in the current fiscal year. Choose First Star Capital as your funding partner in the 4th Quarter and this significant tax write off can be attained with minimal out of pocket expense – the deduction can be realized by making as few as one or two monthly payments before the end of the year. For more detailed information please go to: www.EconomicStimulusInfo.com or www.irs.gov.
For more information please visit www.FirstStarCapital.com or email info@firststarcapital.com.
About First Star Capital
First Star Capital is an established national firm that has financed thousands of different businesses across the country and has funded hundreds of millions of dollars worth of capital equipment. We are an independent commercial lender with a specialty focus in equipment financing and leasing. First Star Capital is a direct lender with the ability to quickly and efficiently fund new financing requests between ten-thousand and ten-million dollars. Since we are a direct lender with our own funding and servicing capabilities we are able to deliver tangible value added financing solutions with the utmost flexibility. First Star Capital has the internal ability to underwrite a variety of different financing requests - nothing is too big or too complicated.
About First Star Capital
First Star Capital is an established national firm that has financed thousands of different businesses across the country and has funded hundreds of millions of dollars worth of capital equipment. We are an independent commercial lender with a specialty focus in equipment financing and leasing. First Star Capital is a direct lender with the ability to quickly and efficiently fund new financing requests between ten-thousand and ten-million dollars. Since we are a direct lender with our own funding and servicing capabilities we are able to deliver tangible value added financing solutions with the utmost flexibility. First Star Capital has the internal ability to underwrite a variety of different financing requests - nothing is too big or too complicated.
.jpg)