In general, there are two distinct ways to apply for equipment financing: Application-Only, and Financial Disclosure. The details of each will vary depending on your lender, and what one lender calls Application-Only may differ from what another lender considers it, but in the big picture, most equipment finance applications will come down to one of the two. The… Read More »
My last post mentioned a new type of equipment financing customer we are seeing: the company that used to pay cash for everything who is now starting to finance equipment purchases. And they are doing this to keep their own money safely in the bank while they make monthly payments on equipment. So now, I will ask once… Read More »
Ok, last time I discussed businesses who sell equipment offering financing, and some of the assumptions companies have that keep them from doing such. My goal here is to show how inaccurate these assumptions are, and hopefully spark some interest to partake in this most excellent business activity. Last time, I reiterated that there’s no risk at all… Read More »
With the title Equipment Financing Approval – by the numbers you might think I’m going to give industry approval ratings in terms of equipment financing deals (which, by the way, are higher than our president’s approval ratings!) But I’m not – in fact, as an overall number, the amount of businesses accepted is not very useful (there are… Read More »