Let’s get the obvious out of the way – Funding for start-ups and new in business is much more difficult to obtain and rates are (usually) significantly higher as compared to established businesses. (Your bank and the SBA may be exceptions to this general rule.) Your best option, if you have adequate net worth and liquidity, may be your bank,…
There was a time when bankers really knew customers. They could make decisions at their desk based on more than just numbers. They were investors in your business that were in the fight with you—even when times were tough. De-regulation, consolidation, financial crisis, and now over-regulation and the banking world has evolved to a place where small businesses can struggle…
Here at SLS, we help redefine your Perceptions and show you the Possibilities of Equipment Finance.
Here is what we know! Drywall cranes are a vital, efficiency-enhancing, equipment purchase for organizations that sell sheet rock. From a lending perspective, they represent an outstanding collateral value because of their long life and strong resale value. Summary: This is must have equipment with a great collateral value and should be easy to finance with good credit. Let’s unpack the…
For years, professional automotive repair enterprises have appreciated the fact that equipment could pay its own way with leasing and financing. To that point … a myriad of commercial lending options have filled the space to finance all types of repair equipment. Equipment Leasing / Equipment Financing Solutions for ~ (examples only) Front-End Alignment Machines https://www.hunter.com/lift-racks Automotive Lifts / Truck Lifts …
So, you’ve been drawn to the freedom and flexibility of starting a franchise? Great choice! The mix of feeling like a small business owner, and having the structure and support of a larger corporation has drawn many franchisees to this career path. There are many benefits to being a franchise owner, but there are certainly some costs to consider as…
Fun Funding Fun Funding Defined: A business philosophy created by SLS Financial in which customers are treated honestly and fairly in a business relationship of mutual respect and enjoyment. Commercial lending can be fun – who’d have thought that? No hidden fees – No surprises. Let’s have fun doing business! If you are a buyer or seller of equipment, or…
Have you ever thought about the implication of the question ~ “Can I Be Honest?” The answer is, of course, YES PLEASE. You can and should be honest, and the implication of the question is that you aren’t always. Having said that ~ my long experience in equipment leasing and financing is that sales people in this industry are not always forthright. It is…
If you make your equipment easier to pay for, more people will buy it. The previous sentence is not a famous quote. It’s not a parable or the end of some tale, spun by some unrealistic self-help book. It’s a truth. A fact. It’s like saying the sky is blue or that kids like Easter candy. Leading with a payment…
Dump Trucks provide their owners great opportunities for growth and success. Often a lender that understands the asset can help make a difference ~ especially when considering acquiring a used Dump Truck. Rates and terms for used dump truck financing vary greatly from 2 – 5 years, depending on the age and condition of the asset. Rates depend on these…