I spent the better part of this year blogging about “ten reasons why equipment financing companies are better than the bank”. For a quick refresher, here’s the list, along with a comment or two. SIMPLICITY – We keep things simple – the bank doesn’t. UPFRONT COST – Our upfront cost is definitely lower. COLLATERAL – We have less… Read More »
Awhile back, I posted about interest rates on loans and credit cards and such, and cited collateral as one of the influencers of interest rates. In general terms, I said the better the collateral, the better the interest rate (which is why credit card rates are so high – the collateral is terrible.) But there’s something I wanted… Read More »
Ok, you have this nagging feeling that maybe things aren’t all that rosy with your equipment financing partner. Sales have been soft the last two years across the board, but still, something isn’t right. You just know it. And it’s starting to affect your bottom line, so something needs to be done. Here are a few warning signs… Read More »