At one time or another, just about every active business will face the challenge of replacing an old piece of equipment or a software program or acquiring new widget machine to help keep their business competitive or to accommodate growth. These are good challenges to have. The challenge that’s not so good is figuring out how you’re going to pay for it. What you really need it to know what your options are and that’s where Charter Capital can help.
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When faced with paying for a new piece of equipment most small business owners simply defer to what they believe is the cheapest solution and that’s their bank. That may be the cheapest solution and it may even be the best solution but there are about a gazillion reasons why it might not. A few years ago, we wrote an article titled “Stuff Most Bankers Won’t Tell You” and despite the passage of time and lots of new banking and lending regulations, all of the reasons outlined in that article remain true today. If you would like to learn what they are just, click here.