I’ve recently talked about rates and levels of credit risk, and how those levels of risk can affect the rate a person or company pays. But there’s another “risk” that an equipment financing company like mine takes when we finance any type of equipment – what if the equipment is a piece of junk? Thankfully, that doesn’t happen… Read More »
Long time readers are probably wondering when I am going to mention Section 179 again (there’s an office pool here too). Well, your wait is over. Today’s the day. I wish I had huge news that Section 179 got a sweet increase, but I don’t. So far, nothing has happened in regards to Section 179. The limits are… Read More »
Last time, I talked about equipment financing rates, and why banks may sometimes have a lower rate than other lenders due to the fact that the bank lessens their risk by demanding collateral and tying up accounts. So let’s stay on the rate topic and look at other types of lending, and why rates are what they are.… Read More »
I’d like to talk a little bit about rates today. Because, in a way, a rate, particularly on equipment financing, is the “price tag” of the deal. Just as one compares prices between stores, one compares rates when shopping for equipment financing. But it can be misleading. Here’s why: In theory, with most commercial equipment lending, all rates… Read More »
I was asked by a friend about equipment financing and collateral and such, and he remarked “well, your loan is secured by the equipment, right?” And I answered “sometimes”. Which then prompted an explanation (I’m a great conversationalist at the party, aren’t I?) It is true that equipment financing can be similar to automobile financing in terms of… Read More »