Category Archives: Used Equipment Financing

Financing CNC Machines in 2019

It’s been a few years since I discussed financing CNC machines. But it’s a good topic to revisit because CNC machine financing continues to be a very strong part of the equipment financing industry. The reasons for the popularity are pretty easy to understand: CNC machines are incredibly useful to all manner of industries, and as technology increases,… Read More »

Fletch’s Mailbag: A used equipment purchase

So I got this question in my e-mail the other day. Usually I don’t have the time to respond to these personally, but this one asked about an issue I posted about a few months ago, so it was still fresh in my mind. Dear Fletch, I want to buy equipment from a local company that’s going out… Read More »

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 »

All I Want For Christmas is… a Heavy Equipment Financing Company

One thing I really like about being in the equipment financing industry is being around all the different products we finance. Construction equipment, to name one type of equipment, always gets my imagination going. gklfhjglfhjg It goes back to when I was a kid. As I’ve mentioned in previous posts over the years, I was the guy with… Read More »

Why Financing Used Equipment Matters

Let’s discuss financing used equipment today. Because it’s a topic that doesn’t get nearly as much press as it should. Do you know why it doesn’t get all that much press? Because there aren’t a whole lot of lenders that embrace used equipment financing. And since I work for one of the few who do, I’m almost puzzled… Read More »