What’s your rate? Great question ~ and let’s face it, yields for non-traditional borrowers are indeed higher – and justifiable so. But don’t let a higher cost of capital deter your desire to make big things happen in your industry.
The equipment or capital is what matters most. Most businesses count on new equipment and capital to increase revenues, win more business, generally grow, and improve their financial position. The financial benefits of using the capital / equipment to earn revenue overwhelm the “real dollar” payment difference in an interest rate.