In my position, I talk to many business owners who manufacturer, distribute, or otherwise sell equipment. And most of them are small enough that they really don’t have an in-house financing department. Meaning their B2B customers pay cash (or otherwise arrange their own equipment financing.) Naturally, these companies would like to offer credit. So they look on the… Read More »
Ok, last time out I talked about Equipment Financing companies advertising that they do business with all kinds of large clients. And then I stated that most equipment financing and equipment leasing deals come from small to medium sized businesses. Well, here I’m going to open the curtain a bit and show you the basic details of a… Read More »
One thing I always pay attention to is equipment financing companies and their websites / marketing (both my own company’s website and the competition.) And you know, I’ve noticed a funny thing: unless my company is alone on an island, it would seem that everybody else only finances equipment for big companies. Really, looking on some competitor websites,… Read More »
Let’s continue on my “what’s hot (and not) in equipment financing” series. This is part 2 of the “hot” side (insert McDonald’s McDLT joke here… only some of you get that, right?) Anyway, here are some more industries that are “hot” in leasing equipment: Vocational Vehicles are hot. What I mean by “vocational vehicles” are trucks and such… Read More »
Let’s leave equipment financing alone for a bit and continue with our credit series. I had mentioned in my last credit post (about credit scores) that credit inquiries were bad for your credit. But the question as to “why” comes in – just why are credit inquiries bad for your credit score? Well, the answer is perception, plain… Read More »