Equipment Financing

May 20, 2011

City Districts and their Budgets

The great majority of municipalities are working hard on their new fiscal budgets and are ready for another year of serving their public. Nationwide, all of the cities, counties, and various types of districts are facing reduced revenues thus the need to control their expenses and maintain their capital reserves […]
April 16, 2011

Equipment Financing – Still Your Best Bet

Equipment financing is still the best option when buying equipment for companies and small businesses. It protects the working capital you have in the bank and also protects your bank line from becoming depleted. Why is this so important? The number one reason for businesses, which are less than five […]
April 6, 2011

Half the Picture

Why do some loans or finance applications stall during the underwriting phase? Aren’t underwriters interested in getting projects financed as quickly as possible? Yes and no. When a customer decides that financing their project or piece of equipment is a good alternative to paying cash, several critical things have to […]
March 26, 2011

Tax Benefits of Buying Now

Investing in your equipment this year can be a smart move. This is especially true since many business owners and manufacturers have delayed and put-off replacing old equipment the last couple years. There are 2 great reasons to buy now. The first good reason to buy now is Bonus Depreciation. […]
March 6, 2011

Rates, Rates, Rates…

That’s always the first question asked when dealing with financing anything whether it’s your home, a new car, furniture or business equipment and machinery. How much is it going to cost me, of my hard earned dollars, to get what I want or need? Now let’s re-focus it on business […]
February 25, 2011

Lending Shift

CIT Group, a giant small business lender, filed for bankruptcy in 2010 which will cost the taxpayer over $2 billion in bailout funds. CIT’s bankruptcy is the fifth largest in U.S. history, carrying over $71 billion in assets. How are downfalls like this changing the lending-financial markets? First U.S. Finance […]
February 9, 2011

Types of Equipment Finance Providers

There are three main types of business equipment finance providers you can turn to: brokers, captive leasing agents, or independent lenders. BROKER – Much like an insurance broker or mortgage broker, an equipment finance broker acts as an intermediary. The broker will take your credit application to the specific lenders […]
January 19, 2011

How I Can Help

This year is off to a good start for most of us. 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 all businesses and sales professionals is still to make […]
December 29, 2010

Why Go with a Broker?

During a recent meeting with a sales manager, the topic came up of why they would use an equipment finance broker, instead of finding a direct source for their company’s leasing and financing needs. I told them that option was certainly available but offered a few points to carefully consider. […]