I’ve talked about advantages of using an equipment financing company over the bank whenever you need to finance or lease equipment. There are a myriad of reasons, of course, but one of the biggest is the blanket lien that often comes with a bank loan. It’s also fairly misunderstood or ignored. That’s probably because of the word “lien”… Read More »
One big advantage of equipment financing is some equipment financing companies will offer to finance more than the equipment. In fact, I would go as far to say that when shopping for an equipment lease or such, choose a company that will finance soft costs / add-ons over and above the cost of equipment. Why is this important?… Read More »
I’ve mentioned that offering financing through a third-party can provide a big boost in sales for equipment sellers. I talked about how salespeople liked it, and consider offering a payment option a powerful part of any “close”. But why wait for the close? Why not let the customer know right from the beginning that monthly payments are available?… Read More »
I just had a tree removed from my yard yesterday. And, while the crew was working, I chatted with the owner of the company a little bit. The story he told me about how he started and grew made for a perfect post here. So let’s talk about financing tree removal equipment / leasing bucket trucks (or boom… Read More »
Now that I’ve discussed Section 179, and also made a (wrong) Superbowl prediction, it’s time to get back to my “why financing <business asset> matters”. Because I do think it’s important to discuss these particular pieces of equipment and industries. Office furniture financing is something that is often overlooked, but it shouldn’t be. The reason it gets overlooked… Read More »