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"Equipment Financing"
Let’s move forward in our “why an equipment financing company beats the bank” by hitting our halfway point. Reason #5 is a simple one that should hit home for most of you – it’s “Financial Statement Covenants” (or “peeking in your window to see what’s going on”). Ok, you say that doesn’t hit home because [...]
Ok, let’s continue our series on why an equipment financing company is better than the bank. And we’re up to reason #4, which is “compensating balance”. Now what is a compensating balance? Well, it’s nothing more than the bank saying “hey, we loaned you one hundred thousand dollars… the least you can do is have [...]
Let’s keep going with our ten reasons an equipment financing company is better than a bank with reason #3, which is cross-collateral (or as we like to say, your first born.) Ok, let me be honest – the bank probably doesn’t want your first born (especially if he or she is still in the diaper [...]
We’re continuing with our “ten reasons an equipment financing company is better than the bank” series today with the second reason – and that reason is that upfront costs are lower. So there you are, contemplating financing a new (or even used) piece of equipment. You’re financing this equipment because like many companies, you’d rather [...]
SIMPLICITY! This is reason one of my ten-part series “why an equipment financing company beats the bank if you are looking to finance or lease equipment.” The fact of the matter is this – the simplicity of working with an equipment financing company trumps the painfully thick paperwork file the bank will want you to [...]
Section 179 Deductions
Happy New Year! We've reached 2012 - and time once again to claim your Section 179 Write-Off for this 2012 tax year!
If you want that new piece of equipment or the latest software to fire up your business - don't hesitate to contact me to learn more about Section 179 Qualified Financing!!
Recent Thoughts by Fletch
- Reason #5 why an equipment financing company is better than a bank – Financial Statement Covenants
- Reason #4 why an equipment financing company is better than a bank – Compensating Balance
- It’s tax time – did you take advantage of Section 179?
- Reason #3 an equipment financing company is better than the bank – we don’t want your first born (or your kid’s college fund) as collateral.
- Reason #2 an equipment financing company is better than the bank – the Upfront Costs are lower.
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