Why Was My Credit Declined!?? When you check your credit score and notice a small drop, it’s usually nothing to worry about. It’s common for credit scores to fluctuate in small increments. However, if you see a large drop of at least 15 to 20 points or more, you should find out the cause. [...]
Is it the Right Time to Buy Equipment? The answer is, YES! With more and more states opening back up for business or even starting a business, now is the perfect time to start expanding your business. Low Rates Make Financing Affordable _________________________________________________________________________ With people eager to get back to full production this is [...]
Bonus Depreciation vs. Section 179: WHAT’S THE DIFFERENCE? This year is half over and shortages are making trucks and trailers difficult to find. When you do purchase a piece of equipment, do you take advantage of Bonus Depreciation or Section 179? When your business purchases a piece of equipment, you are supposed to spread [...]
Why Finance Transportation Equipment? So, why finance vehicles or equipment in the first place? Isn’t it better to pay cash so you don’t accumulate debt? Yes and No. Certainly you do not want your business to be saddled with so much debt that you can’t grow. Transportation loans can help you build credit and [...]
2020 OHHH... WHAT A YEAR!! On behalf of everyone at JX Financial, Inc., we would like to THANK YOU for being our customers. We value the trust you have put in our products and services and would like to thank you for that. It's always a pleasure serving you and we certainly look forward [...]
Protecting Your Credit During the Coronavirus Outbreak – New FICO 10 Scoring in 2020 As the number of coronavirus cases spreads, it is also having a negative impact on the financial health of the economy at large and the economic well-being of individuals across the United States. The unusual nature of this pandemic has [...]
For the past three months since the CARES Act passed Congress, it has largely felt like the traditional commercial lending market has come to a screeching halt. Banks converted all their resources to making Payroll Protection Program loans, commonly known as "PPP" loans. Now that most lenders have gotten their PPP clients funded, many people [...]
The Financial Health Institute defines financial stress as a condition caused by financial events that create anxiety and worry, often coupled with physical responses. And chronic stress has long-term effects on health, making drivers more likely to suffer from heart disease, digestive issues, sleep issues, and a host of other problems. Between the low [...]
Are you delaying your buying decision to 2020...DON’T! Take advantage of bonus depreciation for new and used equipment in 2019. What is bonus depreciation? Bonus depreciation is a method of accelerated depreciation. This allows a business to make an additional deduction of 100% of the cost of qualifying equipment in this year in which it [...]
JX is known to be a one stop shopping experience for anyone with transportation needs. And when it comes to truck financing, we’ve got you covered. Our JX Financial team takes the time to understand your needs and goals in order to offer the best financing solution. It is our goal to provide the financial [...]
