Let’s dig deep for this post. Ok, I couldn’t resist… but drilling rig financing truly does matter, and not just because I could get away with a groin-inducing joke to lead off this piece. It matters because these machines are not only impressive to look at, but they also come in all kinds of sizes, shapes, and configurations… Read More »
Continuing my series of why pretty much any time is a good time to finance equipment, let’s take a look at equipment financing in April. First of all, for most companies, April is the first month of the second quarter. This means 1/4th of the year is already over, and most firms have a good handle on how… 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 »
Ahhh, springtime. When a young man’s fancy turns to… equipment financing! (quick – Mrs. Fletch isn’t around, right?) But seriously, March is a great time to finance equipment. Let me give you a few reasons why: First, winter is ending. For about half the country, this isn’t that big of a deal. But for the other (more northern)… 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 »