Tag Archives: bank blanket liens

Bank Restrictions Jail

I’m not really a salesperson at heart, but whenever I talk with a small business owner, I’m probably going to bring up equipment financing. Not so much because I want to bring another client on board (but that never hurts), but more because I truly believe in it. Equipment financing / equipment leasing are far and away the… Read More »

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.

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 stage – yuck).… Read More »

More on Collateral

Awhile back, I posted about interest rates on loans and credit cards and such, and cited collateral as one of the influencers of interest rates. In general terms, I said the better the collateral, the better the interest rate (which is why credit card rates are so high – the collateral is terrible.) But there’s something I wanted… Read More »