Tag Archives: Credit

Bank Loan Restrictions – Annual Requalification (aka: “we’d like you to pay it all back right now.”)

I’ve been writing about bank loan restrictions and clauses for a few weeks now. We went over blanket liens and compensating balances, and now we’re going to talk about maybe the scariest one of all: annual requalification.  If you thought the bank saying “yes” when they gave you the loan was the end of them looking at your… Read More »

2024 Thought: It’s Always the Best Time to Finance Equipment

There’s a saying in the stock market that goes something like this: The best time to invest was ten years ago. The second-best time is right now.  The implication is that there really is no better time than right now, unless we have a time machine. Which we (sadly) don’t. The same goes for acquiring equipment for your… Read More »

Applying for Equipment Financing – Financial Disclosure

In my previous blog post, I discussed the two general ways equipment financing is applied for: Application–Only and Financial Disclosure. I then went over the details of Application-Only, and noted how it is fast and easy, requiring one simple form.  But today we’re going to discuss Financial Disclosure Equipment Financing. This is where the lender needs more information… Read More »