Tag Archives: Equipment Financing

Hurry up and wait (until month’s end!)

One thing I noticed in my job as an equipment financing specialist is the fact that people (and businesses) can be very predictable. Time and time again, the same patterns emerge – enough for me to notice and write a blog post about it. Today I’ll talk about a trend that plays out month after month, quarter after… Read More »

Equipment financing – again and again!!

These advantages to equipment financing just keep popping into my head. There’s 12 days of Christmas, right? So maybe there should be 12 days of equipment financing, where I wear a red suit and give a different reason each day while children sit on my lap… ok, that sounds really odd. But I do keep coming up with… Read More »

Reason #9 why an equipment financing company is better than a bank – RATE ADJUSTMENT

Boy, we’re almost there. We’re all the way to number nine in our “ten reasons why an equipment financing company is better than a bank” series. And reason nine is a pretty simple one – an equipment financing company offers fixed term rates. The bank would prefer an adjustable rate. To illustrate this, let’s pretend I’m an equipment… Read More »

Reason #4 why an equipment financing company is better than a bank – Compensating Balance

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 thirty thousand dollars… Read More »

An equipment financing company is easier to work with than the bank

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 sort through. C’mon,… Read More »