Why can local credit unions provide quick loan approvals?
Credit unions’ purpose is to help members achieve their financial goals. With that in mind, they have systems that make it fast and easy to apply for loans. These include on-line applications and toll-free phone loan centers in addition to the traditional option of visiting local branches. One of the great advantages of local credit unions is that they can make loan decisions efficiently. When decision makers reside within the region, loan decisions can be made without consulting numerous people in other parts of the country. This can speed up the process and provide a more personal, community-oriented experience. How can special equipment lending arrangements reduce business taxes? Different expense and loan classifications can have significant tax advantages for businesses. One area to examine is the tax difference between leasing and buying equipment. With some equipment leases, the business is renting the equipment from the leasing company until the end of the term. Before a busine
