Let’s move forward in our “why an equipment financing company beats the bank” by hitting our halfway point. Reason #5 is a simple one that should hit home for most of you – it’s “Financial Statement Covenants” (or “peeking in your window to see what’s going on”). Ok, you say that doesn’t hit home because you don’t really… Read More »
Let’s keep going with our ten reasons an equipment financing company is better than a bank with reason #3, which is cross-collateral (or as we like to say, your first born.) Ok, let me be honest – the bank probably doesn’t want your first born (especially if he or she is still in the diaper stage – yuck).… Read More »
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 »
In previous posts, I discussed several types of “vendor – lender” business relationships (essentially, that’s the relationship between an equipment financing / equipment leasing company like mine, and our customers, the equipment manufacturers and distributors.) We already went over Referral Programs and Private Label Programs, and today, we’ll talk about the next level of the vendor-lender relationship: Vendor… Read More »
A few posts ago I mentioned that we had an equipment financing portfolio, and that the term would be fodder for a future blog post. Well here we are – let me explain what I mean by “equipment financing portfolio”. The truth is, every equipment financing company has an equipment financing portfolio. That’s because an equipment financing portfolio… Read More »