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 »
Happy New Year everyone!! Hope you had a great holiday season, and I hope you got your Section 179 deduction in as well (and if you didn’t, you can be sure I’ll remind you many times here in 2014). But for now, let’s continue on with my “what you should look for in a finance partner” series. If… Read More »
As my regular readers know, I always do a prediction post early in the New Year – and today’s the day for 2014. In looking back over my old posts, I have been pretty good at this. I’ve predicted increases in Section 179, and I not only predicted the 2012 super bowl, but also said Eli Manning will… Read More »