In a prior post, I covered the difference between apples and oranges and how oranges taste so much better. Never mind that was on another blog, I did however cover the differences between a lease and a loan, and as promised, I wanted to clarify some of the common residual types. In review: A Lease by definition must… Read More »
Is there such a thing as free money??? The answer is simply, yes and no. Not so simple right? Well what in life is? Ahhh, the sounds of 4th quarter – every good (and not-so-good) sales rep is making that final year-end push – and if you watch any amount of TV at all, you’ll start to see… Read More »
Expanding on Lack of Capital from an earlier post, the question remains “Why pay cash?” The truth is, while money is “cheap”, paying cash is like digging an early grave. From the bank’s perspective, if a customer has a low 4 figure bank balance and is asking to borrow a moderate 5 figure sum, the applicant will either… Read More »
Trust me, I don’t want to hear a heavy sigh immediatly after I ask “How’s your Credit History?” Technical- Credit is the provision of resources by one party to another party where the second party does not immediately pay the first party for the resources in full, thereby generating a debt, and instead arranges either to pay for… Read More »
With stats ranging from 50% to 80% of new businesses failing in the first 5 years, how can you increase your chance of survival? Having worked in commercial equipment finance for many years, I have sorted through my fair share of start-up applications. Imagine, if you will, a mountainous eyesore of unprepared hobbyists who are willing to risk… Read More »