Ok, let’s continue our series on why an equipment financing company is better than the bank. And we’re up to reason #4, which is “compensating balance”. Now what is a compensating balance? Well, it’s nothing more than the bank saying “hey, we loaned you one hundred thousand dollars… the least you can do is have thirty thousand dollars… Read More »
You know I can’t go more than 3 or 4 posts before I mention Section 179. And being that we’re right smack into the height of tax season, I figured now would be a great time. So how did you do? You saved a bundle, I hope. Because last year was a GREAT year for Section 179. The… Read More »
Let’s keep going with our ten reasons an equipment financing company is better than a bank with reason #3, which is cross-collateral (or as we like to say, your first born.) Ok, let me be honest – the bank probably doesn’t want your first born (especially if he or she is still in the diaper stage – yuck).… Read More »
We’re continuing with our “ten reasons an equipment financing company is better than the bank” series today with the second reason – and that reason is that upfront costs are lower. So there you are, contemplating financing a new (or even used) piece of equipment. You’re financing this equipment because like many companies, you’d rather keep your cash… Read More »
SIMPLICITY! This is reason one of my ten-part series “why an equipment financing company beats the bank if you are looking to finance or lease equipment.” The fact of the matter is this – the simplicity of working with an equipment financing company trumps the painfully thick paperwork file the bank will want you to sort through. C’mon,… Read More »