I often talk about the advantages of financing equipment with an equipment financing company over the bank. One key advantage is that we do not require blanket liens or minimum balances kept in the bank. The lack of these two particular restrictions on an equipment loan allows companies to be very nimble, and get more financing quickly and… Read More »
When I was a kid, my grandparents would come to visit every other month or so. It was always a treat – they’d bring bags of goodies, there was always a festive meal, and best of all, my grandfather would take my siblings and I to the store and give us $10 to spend. To my 11-year-old self,… Read More »
Here it is, the last call for Section 179. As long as you buy the equipment and put it into service by midnight 12/31/2016, you’re in for that fat Section 179 deduction for 2016. As you likely know, the Section 179 Deduction was raised to $500,000. And it’s generally good for most capital equipment. This means for most… Read More »
A few recent posts have explored what happens when someone doesn’t pay back their equipment financing company. And, at one point, I mentioned repossessing the equipment. And that opens up the door for one last post on the subject – how do we repossess the equipment, and after repossessing it, just what do we do with the equipment… Read More »
I’d like to talk a little bit about rates today. Because, in a way, a rate, particularly on equipment financing, is the “price tag” of the deal. Just as one compares prices between stores, one compares rates when shopping for equipment financing. But it can be misleading. Here’s why: In theory, with most commercial equipment lending, all rates… Read More »