Tag Archives: equipment finance

Using Equipment Financing to Sell More Equipment

One thing that’s always interested me is using equipment financing to help close sales. I see this up close, because besides offering financing directly to end users, my company also works with equipment manufacturers and distributors, providing financing to their customers (so when you look to buy a new widget and see “financing offered” on the manufacturer’s website,… Read More »

“Equipment as Collateral” – Not always as good as you think

I was asked by a friend about equipment financing and collateral and such, and he remarked “well, your loan is secured by the equipment, right?” And I answered “sometimes”. Which then prompted an explanation (I’m a great conversationalist at the party, aren’t I?) It is true that equipment financing can be similar to automobile financing in terms of… Read More »

Last Call for Section 179

Here we are, right at the end of December. And besides the holidays and presents and eggnog and such, we have my favorite year-end event – Section 179. While other companies slow down for the holidays, equipment financing companies always see a little year-end spike as folks try and take advantage of the generous tax code. (…on that… Read More »

When looking to offer business credit, watch out for lead aggregators

In my position, I talk to many business owners who manufacturer, distribute, or otherwise sell equipment. And most of them are small enough that they really don’t have an in-house financing department. Meaning their B2B customers pay cash (or otherwise arrange their own equipment financing.) Naturally, these companies would like to offer credit. So they look on the… Read More »

Credit Inquiries… why are they bad? ( part 1)

Let’s leave equipment financing alone for a bit and continue with our credit series. I had mentioned in my last credit post (about credit scores) that credit inquiries were bad for your credit. But the question as to “why” comes in – just why are credit inquiries bad for your credit score? Well, the answer is perception, plain… Read More »