I’ve recently talked about rates and levels of credit risk, and how those levels of risk can affect the rate a person or company pays. But there’s another “risk” that an equipment financing company like mine takes when we finance any type of equipment – what if the equipment is a piece of junk? Thankfully, that doesn’t happen… Read More »
I’d like to talk a little bit about rates today. Because, in a way, a rate, particularly on equipment financing, is the “price tag” of the deal. Just as one compares prices between stores, one compares rates when shopping for equipment financing. But it can be misleading. Here’s why: In theory, with most commercial equipment lending, all rates… Read More »
I was asked by a friend about equipment financing and collateral and such, and he remarked “well, your loan is secured by the equipment, right?” And I answered “sometimes”. Which then prompted an explanation (I’m a great conversationalist at the party, aren’t I?) It is true that equipment financing can be similar to automobile financing in terms of… Read More »
As my regular readers know, I always do a prediction post early in the New Year – and today’s the day for 2014. In looking back over my old posts, I have been pretty good at this. I’ve predicted increases in Section 179, and I not only predicted the 2012 super bowl, but also said Eli Manning will… Read More »
Here we are, right at the end of December. And besides the holidays and presents and eggnog and such, we have my favorite year-end event – Section 179. While other companies slow down for the holidays, equipment financing companies always see a little year-end spike as folks try and take advantage of the generous tax code. (…on that… Read More »