Have you ever been tripped up by a blanket lien? Members of the Iowa-Nebraska Equipment Dealers Association are increasingly confronting issues regarding security interests held by banks in equipment they either purchase outright or accept in trade on other equipment from customers. Samuel I. Kreamer, J.D., C.P.A. of Kreamer Law Firm has put together three… Read More »
[Author: Samuel I. Kreamer, J.D., C.P.A., Kreamer Law Firm, P.C., 2016 | Keywords: Business, Operations, Liens] As we are all aware, banks (or other lenders) take a VERY dim view of customers who do not repay their loans. To increase the odds that their loan will get repaid, lenders routinely require borrowers to grant the lender… Read More »
[Author: Samuel I. Kreamer, J.D., C.P.A., Kreamer Law Firm, P.C., 2016 | Keywords: Business, Operations, Liens] For some, the answer to this question is, “tens of thousands of dollars.” This is an increasingly common situation facing dealers. An item is taken by a dealer as a trade-in from a customer on a new purchase. After the trade-in… Read More »
[2016 | Keywords: Business, Operations, Service] Equipment dealers continually strive to run an efficient and productive service department. From reducing redundancy to scheduling and communicating with road techs, innovative ideas and cutting edge technology are helping them reach this goal. Kunau Implement, a Case-IH dealership with locations in Preston and Dewitt, Iowa, tracks and communicates… Read More »
[Author: Will Rogers, Director of Government Affairs, 2015 | Keywords: Business, Operations, Mediation] If crop prices remain low and net farm income stays below the profit margin for significant period of time, you may have an ag customer default on a loan and file for bankruptcy. To date, we at the Association have already heard of three… Read More »