3 Reasons Why Companies with High Cash Reserves Still Choose to Lease

operating lease
The affordability of equipment, technology, and other hard assets can make or break a company’s growth. This is why leasing and operating lesases are so appealing to many businesses – acquiring these necessary items with a manageable monthly payment. Why then do established businesses with large cash reserves choose to lease, when they could just pay off the asset and avoid the interest? It tu

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5 Reasons to Set Up a Vendor Finance Program

Vendor Finance Program
If you are in the business of selling machinery, large equipment, or expensive technologies to businesses, you know that conducting an all-cash transaction is a tough sell. Not only businesses have limited capital available to invest in equipment or technology, many of them do not want to go through the lengthy procedures of applying for a bank loan. That’s where vendor finance programs come in.

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KLC Supports Local Events and Organizations

Summer has arrived, and the team at KLC Financial is making big plans to support local events and organizations through sponsorship and participation over the next few months.The list of events will continue to grow, but here are three big events KLC Financial would love to see you at this summer! 33rd Annual MPMA Open Golf Classic KLC will be sponsoring a hole at this exciting event on

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3 Primary Methods of Funding your Startup

financing for startups MN
When you have big dreams for a small business, there are many things you must consider. The first hurdle most entrepreneurs need to fly over is that of funding. For most startups, financing is going to come from multiple angles. The majority of people don't have the cash in hand to fire up their brand new company and get the wheels rolling. Building their funding takes time, work, and creativity.

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3 Benefits of Equipment Leasing

equipment leasing MN
A rapidly expanding business is an exciting prospect. When the possibilities seems endless, sometimes it's easy to get lost in dreams of the future and forget to plan for the present. With the rapid turnover of technology and in order to keep up with your burgeoning business, you may need to look into equipment leasing. For expert equipment leasing MN, KLC Financial is your go to. Before contactin

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The KLC Team Attends March Trade Shows: NEFA & CONEXPO-CON/AGG

The team at KLC attended two trade shows in March of 2017 to show our support for the associations that support our customers. Both events allowed us to gain important knowledge and experience that will enable KLC to improve our services and further our customer relationships. National Equipment Finance Association SummitSpencer Thomas, Marc Keepman, Jared Keepman, and Jena Morgan all atten

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The KLC Team Attends the WWETT Show 2017

Allen Glynn attended The Water & Wastewater Equipment, Treatment & Transport Show (WWETT) which was held in Indianapolis, Indiana, February 22-25, 2017. WWETT is the largest trade show in the world for environmental service professionals. At the event, attendees took part in fantastic educational programs and networking opportunities.The Expo Hall featured displays from 600 exhibit

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US Manufacturing Revival Makes Equipment Financing a Priority

manufacturing equipment financing
As more American companies bring their industrial troves back onto US soil, the need for financing of the equipment necessary to run these operations has become a priority. This need has the caught the attention of financial institutions and competition for these manufacturing equipment financing deals is creating a healthy market, as only competition can. Companies like KLC Financial want to sit

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Congratulations to CLFP Graduates!

CONGRATULATIONS TO CLFP GRADUATES!
KLC would like to congratulate its most recent Certified Lease and Finance Professional (CLFP) graduates!Six individuals from KLC recently attended the Academy For Lease & Finance Professionals which took place in Minneapolis, Minnesota and was hosted by the International Decisions Systems and KLC Financial.  In total, 13 individuals attended the academy and sat through and passed the 8-h

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Are You Taking Advantage of the Section 179 Deduction?

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If you are a small business owner, there is still time to take advantage of the Section 179 Deduction before year end.Section 179 makes it possible for businesses to deduct the full purchase price of qualifying equipment/software that they have financed or purchased during the relevant tax year. If you leased or bought qualifying equipment in 2016, you may be able to deduct the full purchase p

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