I know a guy who does commercial snow plowing. In northern states, this can be a solid business model, especially if you can grab some annual contracts. You see a lot of contractors doing this in the winter, because all that’s really required is a heavy-duty pickup truck and a plow. And every contractor already has their heavy-duty… Read More »
My most recent post gave two reasons why now is a good time to finance equipment. But you know, now that I think about it, I need to expand on that a lot further. It’s been more than three years since I did a series on reasons to finance equipment, so it seems like a good time to… Read More »
I realize it sounds a little self-serving for me to say “it’s a good time to finance equipment”, but looking at economic conditions, there are two extremely compelling reasons why right now is a great time to finance equipment. And used equipment in particular. The first is rates. I’m not a fortune teller, but I have been pretty… Read More »
The beginning is near the end! I say that because in this series of “how do lenders arrive at interest rates?”, I’ve talked about different factors that affect the rate you pay. But where does that rate originate? It doesn’t start at zero (after all, money is never free). In general terms, most lenders will utilize existing benchmark… Read More »
In our ongoing series of lending factors that affect interest rates, let’s (finally) talk about credit scores and related risk factors. I say “finally” because to many people, the credit score is the be-all, end-all of borrowing. And it is true that credit scores and related risk factors are important, but not always in the way people think. … Read More »