I spent the better part of this year blogging about “ten reasons why equipment financing companies are better than the bank”. For a quick refresher, here’s the list, along with a comment or two. SIMPLICITY – We keep things simple – the bank doesn’t. UPFRONT COST – Our upfront cost is definitely lower. COLLATERAL – We have less… Read More »
And here we are – the long-awaited conclusion to my “10 reasons why an equipment financing company is better than a bank”. So let’s waste no time and end the suspense: reason 10 is the simple fact that an equipment financing or equipment leasing company will not ask you to re-qualify for the loan every year. And the… Read More »
Boy, we’re almost there. We’re all the way to number nine in our “ten reasons why an equipment financing company is better than a bank” series. And reason nine is a pretty simple one – an equipment financing company offers fixed term rates. The bank would prefer an adjustable rate. To illustrate this, let’s pretend I’m an equipment… Read More »
I want to continue forward in our series of why an equipment finance company is better than a bank. But first, I want to talk about Mel. Mel was a guy I knew at one of my old jobs way back when. In fact, Mel was the head of accounting. I was in purchasing or something like that… Read More »
Let’s move forward with our series on why an equipment financing company is better than a bank. Today’s reason is one we all know too well – hidden charges. To put this simply, the bank will typically have a bevy of hidden charges, where an equipment financing company will have none. Here’s what you can expect with the… Read More »