June is a great month for equipment financing. And June 2017 is especially good. Let’s go over a few reasons. My last blog post touched on rates and rate increases, and that should give you pause right now. Take it from your prediction maven Fletch – rates will have one more increase this year. So locking in right… Read More »
Let’s talk about rates and equipment financing for a minute, and trying to get the best deal you can for yourself. Rates on any type of lending are affected by the Federal Reserve Rate (aka, “the Fed”). If that goes up, banks and other lenders raise their rates. When the Fed goes down, lending rates lower. The actual… Read More »
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 »
One of the most misunderstood aspects of business lending, including both banks and equipment finance companies, is the perception of risk. Contrary to popular belief, lenders do not favor high risk. So, let’s debunk a common myth around this topic. Business Plans Are Not a Silver Bullet There’s a myth that lenders will lend businesses money based solely… Read More »
Here’s my second post on financing retail equipment to better help a retailor compete. When we last left my pet supply store friend, he had upgraded all of the shelving fixtures and displays in his stores. Now it was time to venture into the world of cyberspace and perhaps dip his toe into online ordering and similar. This… Read More »