Tag Archives: Equipment Financing

Reason #9 why an equipment financing company is better than a bank – RATE ADJUSTMENT

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 »

Reason #4 why an equipment financing company is better than a bank – Compensating Balance

Ok, let’s continue our series on why an equipment financing company is better than the bank. And we’re up to reason #4, which is “compensating balance”. Now what is a compensating balance? Well, it’s nothing more than the bank saying “hey, we loaned you one hundred thousand dollars… the least you can do is have thirty thousand dollars… Read More »

An equipment financing company is easier to work with than the bank

SIMPLICITY! This is reason one of my ten-part series “why an equipment financing company beats the bank if you are looking to finance or lease equipment.” The fact of the matter is this – the simplicity of working with an equipment financing company trumps the painfully thick paperwork file the bank will want you to sort through. C’mon,… Read More »

Vender-Lender Equipment Financing Relationships – Captive Programs

Ok, in our little vendor / lender equipment financing relationship series, we’ve come to the final one – captive programs. If you recall, the first three were Referral Programs, Private Label Programs, and Vendor Recourse programs. Also, if you’ve been following along, you’ll also notice they all have an increasing amount of vendor responsibility and risk. A referral… Read More »