Category Archives: Used Equipment Financing

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. It goes back to when I was a kid. As I’ve mentioned in previous posts over the years, I was the guy with the… 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 »