Category Archives: General Finance

Because thats what we do here

What Is PMSI, and Why Is It Important in Equipment Financing?

When lenders finance equipment for customers, there is a concept called PMSI. I want to spend this blog explaining what it is. To start, PMSI is an acronym for “Purchase Money Security Interest”, and is very important for lenders, especially those who finance equipment purchases. Essentially, what it means is the lender who pays for the equipment has… Read More »

Soft Cost Financing – Training

True story: Once, at a trade show, I was talking to the owner of a regional retail/service chain (12 stores in all, plus a small warehouse) about soft cost financing. We got to talking about “training”, because that’s one of the soft costs that a good equipment financing company will finance. He told me he bought a fairly… Read More »

Improve Your Company in Different Ways

I’ve recently written about the strong small business economy, and improving your company. But I realized my thinking was somewhat limited in what I was suggesting. For example, I was discussing adding machines, trucks, etc., and combining such with equipment financing and Section 179. Now, while those are perfectly good ways to improve your business, a strong economy,… Read More »

Fletch Predicts 2018

Here we are in 2018, and you know what that means: another edition of Fletch Predicts! I always do sports, and I was on a roll for a while. I predicted basketball and baseball right in 2016, and then I nailed the 2017 Superbowl – three in a row! Things were really looking up, but then I crashed… Read More »

What’s Hot in Equipment Financing?

Every year or so, I do a “what’s hot in equipment financing” post, typically followed by a “what’s not so hot in the world of financed equipment”. And in these posts, I highlight industries that are rising / falling, based on what I see in equipment lease applications. This year will be a bit different. Because right now,… Read More »