Category Archives: Credit

Cash or Credit?

You’ve Been Turned Down for an Equipment Loan – What Now?

Very often, small and medium businesses who’ve been turned down for an equipment loan don’t know what to do next. And since I work in the equipment financing industry, let me give a few pointers on what to do for companies who were turned down. First things first: If you were turned down by a bank, apply somewhere… Read More »

Can I be Pre-Approved for Equipment Financing?

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 »

Shark Tank Financing

I want to discuss a particular aspect of equipment financing that many businesspeople really don’t understand. And that’s the difference between what I call “straight” financing (like what my company and other lending institutions do), and speculative / investor type financing (like venture capital / TV shows like Shark Tank, etc.) I need to write about this because… Read More »

A Business Credit Myth

One thing that many people misunderstand about business lending (and this means banks as well as equipment finance companies) is we do not like high risk. Period. So that said, there’s this myth that lenders will lend businesses money based on a business plan. The myth more or less follows the thought that when you are in the… Read More »

Why Financing Specialty Retail Software Matters

Here’s my second post on financing retail equipment to better help a retailor compete. When we last left my pet supply store friend, he had upgraded all of the shelving fixtures and displays in his stores. Now it was time to venture into the world of cyberspace and perhaps dip his toe into online ordering and similar. This… Read More »