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Uncomplicated Commercial Lending for the More Complicated Credit Composite

Let SLS help you expand your funding arsenal for credit-worthy applicants who simply don’t fit traditional underwriting molds.

Consider our funding options for the following credit composites  ~ among others:

B/C Credits ~ good companies that have overcome challenging credit circumstances & need business capital to move forward ~ faster.

Commercial Story Credits ~ Many lenders limit credit exposure for enterprises that have experienced credit hurdles. Perhaps we can help with funding for the over $75,000 commercial lending needs of the story credit opportunity.

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Warren Buffett (https://en.wikipedia.org/wiki/Warren_Buffett) has not grown uber-wealthy by taking unreasonable risk or investing in the latest and greatest emerging market companies. Not a chance! Rather, he has a formula – invest in companies that have a consistently good service & proven business model to offer their customers, both potential and current. He then looks for the BIG THING. The thing-of-all-things that leads to long term financial success with his business ~ and subsequently, your business—free cash flow.

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Today’s Lesson

Why do businesses finance / lease equipment?

Commercial Lending is an ancient profession predating the current era (CE) by thousands of years. Here is a nice Wikipedia article if you would like more information on the history of banking.

https://en.wikipedia.org/wiki/History_of_banking

With a long, long industry history as a backdrop …let us explore a more current topic. Equipment Financing and Equipment Leasing. There are many valid business reasons for companies to finance and lease equipment ~ many of which center around Capital Preservation, Taxation, & Financial Management in general. Let’s explore a few of the more common real-world reasons. (Here is what the SBA has to say on this topic https://www.sba.gov/starting-business/choose-your-business-location-equipment/leasing-business-equipment). While I am an accountant & we could discuss balance sheet and financial ratio reasons and theory … let’s stick with the easy-to-understand Top 10 Reasons that Businesses Lease & Finance Equipment.

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In the segment of commercial lending known as equipment leasing / equipment financing, rates vary widely. There are many traditional bank lenders active in this space for bankable credits with equipment financing rates that are what you would expect … close to bank rates. On the other end of the spectrum, we find boutique lenders that specialize in asset-based underwriting for challenging credits. These lenders may be as high as 40% and use asset backed parameters for credit decisions. This, in short, means that they look to extra collateral to secure their lending position.

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A blog serving the Equipment Leasing & Equipment Financing Industry while also analyzing related Business Loan / Commercial Lending Products & Practices

Information about Equipment Leasing & Equipment Financing for Concrete Construction Equipment

Concrete construction equipment is typically fairly easy to finance or lease, if you know how to go about it. With new construction booming in many areas and certainly increasing in most of the country, demand for new concrete construction equipment is on the rise.

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A blog serving the Equipment Leasing & Equipment Financing Industry while also analyzing related Business Loan / Commercial Lending Products & Practices

Meet Doug below ~

While there are many organizations that fill various needs in the financial services industry, there are some great lenders with compelling business propositions. This list is not exhaustive, but it may be helpful to you. Each of the following companies possesses some individual strengths & weaknesses, as none can be all things to all people ~

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One of the unsung heroes of the material handling and warehousing business are Spotting Tractors. A great and worthy addition to the terminal, warehousing, and trucking environment.

Here is a link to one of the ‘Made in America’ manufacturers: http://ticotractors.com/home/

Tico Tractors is part of Great Enterprise & their product innovation is born from their own experience in the terminal environment.

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Planning for Rising Interest Rates

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Perhaps interest rates are going to increase this year and next ~ but don’t be alarmed. Rising Rates are a good thing. Interest rates, often, have a way of letting us know how our economy is actually performing. If rates are historically low, that is arguably a strong indicator that our economy is weak. To that end, most doubt that there will be significant movements in interest rates during 2017. The above graphic came from CNN and is part of a discussion regarding the December 2016 rate increase. http://money.cnn.com/2016/12/14/news/economy/federal-reserve-rate-hike-december/

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Never use working capital to finance equipment. Here’s why…

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There are some really innovative small business working capital providers breaking through in the market today. While caution must be used to ensure proper use, they fill a void where banks are no longer meeting the need. In light of these solutions, we are hearing more often that they are, somehow, viable alternatives to more traditional equipment lending, especially in “credit challenged” circumstances. Not so fast!

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