I’ve been talking recently about how companies tend to wait until some arbitrary date / time period to purchase / finance new equipment. The reasons are varied – from “use it or lose it” budgets to putting expenses on last month’s / last quarter’s report to making a grouchy accountant less grouchy, and so on. One thing is… Read More »
These advantages to equipment financing just keep popping into my head. There’s 12 days of Christmas, right? So maybe there should be 12 days of equipment financing, where I wear a red suit and give a different reason each day while children sit on my lap… ok, that sounds really odd. But I do keep coming up with… Read More »
Here I am, fresh off my epic “ten reasons why an equipment financing company is better than a bank”, when I thought about a theme that ran through several of the reasons, but didn’t get its own treatment (this is starting to sound like reason 11, isn’t it?) Anyway, that recurring theme I mention is TIME. Plain and… Read More »
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 »