Julie Murphy

Julie Murphy is vice president of Marketing, Commercial Credit Group, www.commercialcreditgroup.com. Email [email protected].

Articles by Julie Murphy

Effective Ways to Finance New Technologies and Equipment

Commerical Credit Group, SBA loans, asset based loans, bank line of credit

Emerging technologies can be difficult to finance because they are fairly new to the market and rapidly changing. How do you pay for these new technologies?

Why You Should Have a Secondary Financial Partner

Building a relationship with a secondary financial partner keeps your business in a healthy financial position should your primary partner discontinue your relationship.

Preparing for Disruption to Ensure Long-term Success

PROFIT MASTERY, COVID-19, Business Disruption, Preparing for Business Disruption, cash reserves, revenue generating assets, Business opportunities, Economy, Weather and seasonality, Disruptive Technology, Business Opportunities, Economic Disruptions, Legal Regulations, Compliance Issues, OSHA standard, Legal disruptions, Customer Issues, Internal Chaos and Challenges, Find the Right Financial Partner, Find the Right Financial Partner, Commercial Credit Group, Julie Murphy

Disruption, good or bad, is a factor when conducting business. Ensure your shop is financially prepared to deal with the challenges and the opportunities.

Alternatives to Small Business Loans

Commercial Credit Group, asset-based loans, financing, loans,

Find the best financing options for your small business.

Funding Your Company’s Digital Transformation

Commercial Credit Group Inc., Commercial Credit Group, digital manufacturing, digital transformation, Information Security, Data Analytics, Cloud Services, Internet of Things, Process Automation, Machine Learning, Artificial Intelligence, ROI, ERP

To realize the full potential of implementing digital initiatives within your operation, consider what type of impact these initiatives can have, and how you can monetize the changes. In some cases, the monetization is simply reducing costs.

Do Your Homework to Realize the Advantages of Used Equipment

Julie Murphy, Commercial Credit, Commercial Credit Group, used machinery, used equipment

Shipment delays and supply chain bottlenecks can prevent new machinery from being delivered on time, as an example, and imped efficient production and opportunities for growth. One option is to purchase used equipment, which is readily available and less expensive.

Equipment Lease Versus Loan: Which Is Right for Your Shop?

capital investment, manufacturing equipment, lease, loan, equipment, machinery

Many machine shop owners are planning to make capital investments within the next year, which includes machinery. There are a few questions you should consult with your lender when dceciding if it’s better to lease or take out a loan.

Financing for the Next Stage

Machine shops must invest in technology to compete; however, cutting-edge technologies become obsolete sooner, and with a low demand on the secondary market, lenders are reluctant to finance your growth plans. Thankfully, there are a variety of financing mechanisms to consider.

Four Business-Management Best Practices the Pandemic Taught Metal Manufacturers

Last year’s unprecedented economic and supply chain challenges underscored gaps in commonsense contingency planning. Manufacturers that take heed of these lessons learned will be better prepared for whatever crisis may arise.

What You Need to Do to Increase Your Chances of Getting an Equipment Loan

A financing relationship is a two-way street. Make potential lending partners comfortable supporting your company’s growth by being able to clearly and concisely explain how a piece of machinery – or machines – will improve productivity and profitability.

What You Should Know About Section 179 and Bonus Depreciation

With interest rates at an all-time low, the idea of buying new equipment is tempting. In addition, purchasing new equipment can also help you reduce your company’s potential tax burden for tax year 2020.