New Sage Funding

May this holiday season bring you peace, joy, and time well-spent with loved ones. #MerryChristmas #Gratitude

If you are considering getting equipment but wondering if you can fit it into your budget, did you know you may be freeing up cash by buying it? Section 179 tax deduction allows you to deduct the full expense of the equipment up to $1,220,000, which will lower your tax obligation and retain more of the revenue for the business. Discuss with your tax advisor and reach out to us if you need financing. It's not too late to secure it for this year. Note that to deduct it during the upcoming tax season, the equipment must be purchased and put to use by January 31st of this year. #BusinessTips #TaxDeduction #SmallBusinessStrategy #TaxSavings #Equipment #EquipmentFinancing

To our clients, team members, partners, and your families—thank you for being the foundation of our shared success, and for the dedication that transforms challenges into opportunities. 🍂 #Thanksgiving2024 #Gratitude

📢 Business owners, don't forget to file BOIR by January 1, 2025! It is a requirement unless you're in one of the 23 exemption types of business (but make sure that applies to all beneficial parties . 😶🌫️ We don't want to start the new year with an unpleasant oversight. #BOIR

We honor the brave men and women who served our country with courage, dedication and sacrifice. Our gratitude for protecting the freedoms we hold dear. Thank you for your service. #VeteransDay #November11

Business cashflow crunch doesn't have to be spooky! Let's talk! No tricks, just treats. #BusinessTips #SmallBusiness #CashFlow #BusinessGrowth #NoSpookyFinances

With the year-end just around the corner, many businesses are beginning to take a look at their earnings and tax liabilities for the year. This often means taking advantage of business financing and upgrading or expanding to enter the new year. Why is borrowing good for reducing tax liabilities? In short, business interest payments can be included in your deductions and reduce taxable income. This late in the year, most businesses seeking to reduce their liability often go for short-term financing or, most commonly, finance equipment and machinery. This approach provides a write-off for the cost of the financed equipment alongside taking depreciation, if desired. About this time last year, a client approached us for financing. When we discussed rates and terms, he stated that he wasn't concerned with the interest rate as he intended to use it to reduce his taxable income. The business was growing rapidly, and they were taking advantage of borrowing to continue financing growth and preserving their cash while reducing their tax bill. This is a great strategy, and we encourage all business owners to sit down with their tax specialists and map out a clear plan to maximize deductions throughout the year. This allows them to obtain everything their business needs to thrive while retaining as much of their earnings as possible. Most business owners don't consider these details and learn at tax time that they could have made more beneficial decisions if they had the information earlier. Utilize this opportunity to upgrade your equipment, get that extra capital while conserving cash reserves, and maximize savings on your business taxes. Talk to your tax specialist about applicable benefits for your business, and talk to us about financing your projects and equipment. #BusinessFinancing #EquipmentFinancing

Every day businesses just like yours are getting funded. Our Friday Financing highlight: LANDSCAPING Background: The client has secured a contract to take care of landscaping following a renovation, as well as the upcoming snow season maintenance for a rental complex. They needed to expand their team and secure some equipment and materials. Solution: 110K revenue-based loan. Application to financing time: 3 days. We wish you a safe weekend! #businessfinancing #landscaping #smallbusiness

Every day businesses JUST LIKE YOURS are getting funded. Our Friday Financing Spotlight: RETAIL Background: A boutique seeking financing to get ready for the holiday season shopping and needed capital for inventory. Solution: We secured a 35K revenue-based loan and a 20K Line of Credit. Application to financing time: 6 days. We wish you a joyful and safe weekend!

Every day businesses JUST LIKE YOURS are getting funded. Our Friday Financing Spotlight: MEDICAL Background: The client runs a practice that focuses on cosmetic procedures. They were seeking financing to pay off their existing debt position and also roll out a new product. As they were bringing in a new machine and needed to dedicate a room to accommodate the additional service, they needed extra cash to complete the setup. Solution: We helped them secure a 65K term loan for 12 months that fit their budget and allowed them to move forward with their service expansion plan. Application to financing time: 48 hours. We wish you a joyful and safe weekend!