Very often, small and medium businesses who’ve been turned down for an equipment loan don’t know what to do next. And since I work in the equipment financing industry, let me give a few pointers on what to do for companies who were turned down. First things first: If you were turned down by a bank, apply somewhere… Read More »
Boy, we’re almost there. We’re all the way to number nine in our “ten reasons why an equipment financing company is better than a bank” series. And reason nine is a pretty simple one – an equipment financing company offers fixed term rates. The bank would prefer an adjustable rate. To illustrate this, let’s pretend I’m an equipment… Read More »
Let’s move forward with our series on why an equipment financing company is better than a bank. Today’s reason is one we all know too well – hidden charges. To put this simply, the bank will typically have a bevy of hidden charges, where an equipment financing company will have none. Here’s what you can expect with the… Read More »