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 »
As you know from my last blog post, I think any time of the year is a great time to finance equipment. That said, I’m going to spend a little time this year highlighting each month as to why it’s a good time to finance equipment, because they all have compelling reasons. Let’s begin with February. February is… Read More »
Just had to mention this: for those of you keeping score, Fletch is on a serious roll. I’ve now picked three pro championships in a row. Last January, I picked both the Cleveland Cavaliers and the Chicago Cubs to win their respective titles in 2016. Both won. Next up on the pro sports calendar was the Superbowl, which… Read More »
When I posted about financing lab equipment last time out, I stated that it’s good to finance equipment that isn’t directly tied to profit. The thought being that if the equipment isn’t going to boost your bottom line right away, it’s clearly best to finance it over time. And while that is true, the reverse is also true.… Read More »