We get asked this question all the time – “Are fixed rates better than adjustable rates for equipment financing?” And the short answer is an emphatic YES. Fixed rates are always superior for equipment financing and leasing. The reasons are many, but the big one is stability. Knowing what your monthly payment is going to be for the… Read More »
A lot of times when we discuss equipment financing in print, or even face to face, we’ll sometimes use the phrase “monthly payments” as a substitution for the word “financing”. For example, I’ll write a blog post on vendors offering financing, and now and again, I’ll slip in “offering monthly payments is a great way to increase sales”.… Read More »
In my last post, I spoke about the owner of a business who told me the hardest part on the road to success was that very first decision to expand. Even after I wrote that post, I thought more about it, and I realized what made the decision so hard was the acceptance of using credit to expand.… Read More »
One question I get asked all the time is “will my company be approved for financing equipment”? Or better still, “can I get a pre-approval for equipment financing?” These are always tricky questions to answer without knowing all the details for a company. However, the questions have merit, and they are asked often enough that yes, there should… Read More »
My last post talked about what was hot in the world of equipment financing in 2018. Now let’s do the opposite and talk about what isn’t hot. The last time I posted about this, I cited brick and mortar retail businesses as a whole as not being hot, and sadly, that trend continues. While I find it hard… Read More »