• 805-217-9896
  • sales@firstusfinance.com
Online Application Online Application
First US FinanceFirst US FinanceFirst US FinanceFirst US Finance
  • Home
  • About Us
  • Forms
  • Products
    • Working Capital Loans
    • Capital Finance
    • Operating Lease
    • Power Purchase Agreement (PPA)
    • Aircraft Finance
    • Improved Vendor Program
  • Finance Questions
  • Partner Links
  • Vendor Program
  • Contact
  • Finance Blog
  • Home
  • About Us
  • Forms
  • Products
    • Working Capital Loans
    • Capital Finance
    • Operating Lease
    • Power Purchase Agreement (PPA)
    • Aircraft Finance
    • Improved Vendor Program
  • Finance Questions
  • Partner Links
  • Vendor Program
  • Contact
  • Finance Blog

Lending Shift

  • Home
  • Equipment Financing
  • Lending Shift
Types of Equipment Finance Providers
February 9, 2011
Rates, Rates, Rates…
March 6, 2011
February 25, 2011
Categories
  • Equipment Financing
Tags
  • accounts receivable factoring
  • business equipment financing
  • business equipment loans
  • business finance
  • commercial lending
  • commercial loans
  • equipment lease
  • equipment leasing
  • equipment leasing companies
  • leasing companies
  • project finance
  • solar financing

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 continues to contract with 3 distinct lender groups: credit-based equipment lenders, private equity groups and asset-based lenders, which are still strong and active in funding business expansions and equipment acquisitions. I have actually increased my ability to finance certain niche markets including:

  1. Financing retrofit lighting projects, construction build-outs and upgrades from $20K and up, throughout the entire United States.
  2. Financing specialty industrial machines and microelectronic assembly equipment including customized (one of a kind) pieces of equipment.

The shift in the lending market requires that almost all finance requests be presented with a full financial package, which includes tax returns, financial statements and personal financial statements. The change adds a layer of security for the underwriters and lenders which evaluate the risk of each new lessee. Lenders want to know whom they are dealing with and the purpose of the financed equipment or project. Companies and business owners have to provide more paperwork than in prior years but they are still getting funded every day.

Share

Related posts

February 28, 2023

An Alliance with other Companies


Read more
January 17, 2023

Lost in the Shuffle


Read more
December 31, 2022

2022 – A Year of Change


Read more

Comments are closed.

Sign-up for Email

CA Finance Lenders Lic.
#60DBO-50969

Email: Sales@FirstUSFinance.com
Direct Line: 805-217-9896


Member of:
member logo

  • Working Capital Loans
  • Capital Leases
  • Operating Leases
  • Power Purchase Agreement (PPA)
  • Aircraft Finance
  • Improved Vendor Program
  • Finance Blog
  • Forms
  • Products
  • Business Finance Questions
  • Improved Vendor Program
  • Sitemap
© 2018 First Us Finance. All Rights Reserved | Designed and Developed by AAPNA Infotech