Equipment Financing

There are three key components to getting your finance request approved; cash, credit and collateral. This holds true whether getting an equipment loan or lease, leasing a car or financing a new home. The three components all play an important role and understanding them will help clarify the finance process. […]

When was the last time you purchased a car without sitting down with the finance manager to work out the details? Or went shopping for furniture without being presented with extended payment terms? Several industries have made an art of combining the “sales close” with a neatly packaged finance agreement […]

We have access to more information than we ever have at our fingertips. A library full of encyclopedias is now dwarfed with the material we can all download on the internet. It allows us to be much more informed and knowledgeable but does it make us experts in any specific […]

Many companies have been affected by the fluctuations in the economy the last couple of years. Sales would surge one month, completely go flat the next and it has been difficult for many of us to manage cash flow and debt. Company credit has taken a hit and damage has […]

This year is racing away quickly and I think for most of us, we’re not too sad to see it pass. The economy in many markets has had an upbeat tick, which we’re all grateful for but in other areas, including employment rates, it could be better. The goal for […]

A Master Lease is a program which is simple to set up yet yields big benefits to the borrower. A customer which plans to make several equipment purchases throughout the year will benefit by having them approved under one Master Lease as opposed to taking out separate individual leases for […]

Personal credit score for small companies and businesses is a key consideration to the types of loans and leases you have access to. Other things being equal, the higher your score, the lower the interest rate you will pay on everything. Remember, lenders often won’t know what a great person […]

What is Factoring? It is the purchase of invoices for cash to provide working capital to the seller of that receivable. Currently, factoring volume exceeds $200 billion in the United States. Unlike collateral lenders, Factors are providing both liquidity and credit services to their clients. Factors generally earn a return […]

Equipment companies compete against each other in a variety of areas; price, product line and brand recognition are a few. Having recognition in your market is critical to getting new business and helps previous clients to come back; the bottom line is the more you can get your name out […]

CASH, CREDIT & COLLATERAL A variety of factors are considered when a company’s credit is being reviewed for potential finance approval but 3 main areas consistently pop up as the most important. Cash Flow – The first key to receiving a lease or finance approval is positive cash flow. Most […]