The Truth about Early Pay-offs from Equipment Leasing Companies and other most Equipment Financing Commercial Lenders. First and foremost, most equipment leasing documentation and equipment financing agreements do not provide for a simple interest pay-off. In fact, many organizations will simply require that all payments be made and do not provide early termination (pay-off of the contract) language. Please note…
When the need is apparent, but the prospects are slow to respond, and decision-making processes seem to go on forever, it might take some cold hard facts to awaken the sleepy opportunity. In a recent survey of 1767 companies that have recently acquired new commercial equipment, the top reasons decision-making processes lasted longer than 3 months were: A financial issue…
Crane trucks have many uses, from construction, to electric utility, to tree service, and more. We know that many industries have uses for this valuable asset, because we’ve worked with folks in these various industries! We also know that crane trucks can cost a pretty penny in certain cases. It may not be prudent to purchase a crane truck outright,…
We recently started a series of podcast shorts to highlight helpful information on commercial lending that our customers may find beneficial. While we have posted each separately, we wanted to group some of the episodes together from time-to-time to make them easier to find and digest – all in one place. Should you have any questions the subject matter covered…
What you need to know about Equipment Financing & Leasing in Kansas City (Missouri and Kansas) It is really quite common for quality and growing organizations to enjoin banks and other professional commercial lending organizations to assist with capital for: Equipment Financing Equipment Leasing Commercial Vehicle Leasing & Financing General Business Lending Working Capital Funding Account Receivable Lending There are…
Summer is upon us… We know because we start perspiring when we THINK about leaving the house each morning. All the same, the sweltering heat has had me thinking about my old camping days and how summer truly began at scout camp with that opening night campfire at H. Roe Bartle Scout Reservation. I had my fair share of duties…
Effectively managing your company’s capital equipment program is closely tied to managing the long-term growth and profitability of your company. Obtaining the right equipment at the right time and managing its useful life in conjunction with the needs of the entire organization can make a big difference in your company’s long-term financial performance. Consider a life cycle management approach for…
Today, we’re continuing our series of podcast shorts with our fifth episode, looking at why you should never use working capital to finance equipment. (You can find our first episode on the credit evaluation process here, the second episode on the benefits of pre-qualification here, and the third episode on the top 10 reasons businesses lease and finance equipment here.) Throughout…
Maybe you’re a start-up looking to open up your first office, or an established company opening up a new branch. Maybe you’re just looking to do some office renovations to switch things up? (We feel you on that one. We just finished our own office renovations a short while ago.) Should be easy, right? Just a couple chairs here, a…
We’ll get asked from time to time if we offer used equipment financing and leasing. The short answer: YES! Used equipment can be a great way to get the equipment you need for a fraction of the cost of the newest equipment out right now. While there are times when new equipment can be an important part of your business,…
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