You wouldn’t think an industry like equipment financing lends itself to funny / interesting stories, but the truth of the matter is, it really does. It’s partly because we touch on so many different industries, and also because our clients often tell us funny bank stories. I have one now, and it involves financing CNC machinery. For those… Read More »
Strange title – I know. You’ll understand in a few. First, let me get out my straw hat and corncob pipe… Every year around this time, Willie Nelson and Neil Young do their Farm Aid concert, and being a fan of both, I usually watch the simulcast (and attended a few years back too – that was fun.)… Read More »
Yes, I’ve been on a used equipment financing kick lately, and why not? It’s 2015, everyone watches their money now (it’s not the spend spend spend 1980’s and 1990’s anymore), and used equipment sometimes makes for a fantastic bargain. Plus, used equipment typically qualifies for a Section 179 deduction, so there’s another feather in its cap. But there… Read More »
Let’s discuss financing used equipment today. Because it’s a topic that doesn’t get nearly as much press as it should. Do you know why it doesn’t get all that much press? Because there aren’t a whole lot of lenders that embrace used equipment financing. And since I work for one of the few who do, I’m almost puzzled… Read More »
Financing trailers is a big part of what an equipment financing company does, so they warrant discussion in my “why financing <equipment name> matters” series. Trailer financing (or trailer leasing) happens two ways – either with a vehicle at the time of sale, or as an aftermarket addition to a company’s equipment. Both are popular, but we probably… Read More »