Funding Well Capital

FWC in OC Register

2009-03-26T11:33:00.000-07:00

Mark Riggs is featured in the Orange County Register today for his Speed Networking event. Click here to read the article and see more pictures from the event.

Section 179

2009-03-25T11:23:00.000-07:00

On Feb. 17, 2009, President Obama signed the American Recovery and Reinvestment Act (ARRA) into law. It includes significant incentives to encourage equipment purchasing this year.

"First, the ARRA extended for one year the significantly increased Section 179 small business expensing levels. Without the economic stimulus law, the Section 179 small business expensing limit for this year would have been around $130,000 with a phase-out threshold of roughly $500,000. However, under the ARRA, for 2009 the expensing limit to $250,000 and the phase-out threshold to $800,000. Thus, in 2009, a small business can expense up to $250,000 as long as its qualified equipment purchases do not exceed $800,000.For purposes of the Section 179, qualifying property is generally depreciable tangible personal property that is purchased for use in the active conduct of a trade or business. Both new and used equipment are eligible for Sec. 179 expensing.

The ARRA also extended for one year the 50 percent bonus depreciation first created in February 2008. Companies that buy equipment in 2009 will be able to depreciate an additional 50 percent of the cost of assets placed in service this year. Only new equipment is eligible." (source, AED 2009)

Mark Riggs Hosts Speed Networking

2009-03-03T16:44:00.000-08:00

On March 25th at 5 p.m., Funding Well Capital's Vice President Mark Riggs will host a speed networking event at Coto de Caza Golf and Racquet Club. Inspired by speed dating services, Riggs came up with the idea for speed networking to help others make new business contacts without taking away the essential time that it takes to run a business.

"In the current economy, it is essential to reach out to other businesses and make connections," said Riggs. "I know how important networking is in capital equipment leasing and financing, and I want to meet others who want to share in a mutually beneficial business relationship."

His vision allows for members of various business communities to meet one another in a timed setting, allowing all attendees to connect throughout the evening.

The upcoming event is the first in Riggs' planned series and is currently only available for Club members. Riggs is looking forward to planning more events in the future.