What is the best option to finance equipment? Please share your story of how you have financed equipment in your business. To help your business with equipment financing, we asked business leaders and small business owners this question for their best tips. From equipment financing specialists to North Star Leasing, there are several tips that may help your company with financing equipment. Here are seven options to finance equipment: Equipment Leasing Companies Unsecured Loans or Lines of Credit Equipment Financing Specialists Currency North Star Leasing Gordon Flesch Company National Business Capital Equipment Financing Companies My company manages campgrounds in…
What is an equipment finance broker, and how has a broker helped your business? An equipment finance broker may not be the first person an entrepreneur seeks out to add to their professional network. But, when an entrepreneur needs financing to help secure equipment, a finance broker can significantly help a business. To help small business owners better under the role of an equipment finance broker, we asked business leaders and entrepreneurs about how a broker has helped their business. Here are seven definitions of an equipment finance broker, and how they help small businesses. Offers Various Lending Options…
There’s certain situations in life where, looking back, you wish you knew more than you did before taking action. Entering into a medical equipment lease is one of those life situations. It is a good idea to be well equipped with information before signing on the dotted line. What is one thing companies should know about medical equipment leases? We asked experts and people who have “been there and done that” for their insights. Here are eight things to know about medical equipment leases. Involvement of MD (Medical Doctor) Know That Your Capital Can Be Reinvested Basic Lease Conditions…
“What’s the rate?” It’s the question that everyone always wants the answer to. Unfortunately, there are quite a few variables that make equipment finance rates differ depending on the funding source. So how can you find the best rate for an equipment financing loan or lease? To answer this question, we asked equipment financing professionals and business owners for their best tips on finding the best rate. Here are seven ways to find the best equipment finance rate: Negotiate the Equipment Price First Get Local and National Quotes Develop Long Term Lending Relationships Fine Tune The Credit Score Use…
The decision to finance equipment must address one key decision: new or used? Every business owner evaluates the pros and cons of new versus used equipment. But, every business owner isn’t an equipment financing expert. To help in making the decision of whether to buy new or used equipment, we turned to other business owners and equipment financing experts for guidance. Here’s what they had to say about new vs. used business equipment financing. Low Financing vs. Overall Less Expensive This is up to the business owner. Sometimes if you purchase new equipment, the manufacturer will offer 0% down…
For many entrepreneurs, it can be overwhelming to think about all the elements needed to get your business off of the ground. Oftentimes, things like rent, furniture, technology, etc. add up and require a huge initial investment on the owner’s part. Because of this financial burden, many look to small business equipment loans to help give them a boost! Although these financing options may seem tempting, it is important to ask the right questions before signing any paperwork. That is why we sat down with seven small business leaders and asked them what you should know before moving forward…
When you think of financing equipment, what do you think of? Forklifts? Cranes? You probably consider all kinds of heavy machinery, but there are other types of equipment you can finance that a small business may use. To understand what some practical pieces of equipment are that small businesses can finance with an equipment loan, we’ve asked 9 thought leaders to share their recommendations. Computer Hardware and Software My company has financed computer hardware and software as well as furniture.  We are not an equipment intensive business, so there are not a lot of opportunities for us to finance…
Running a startup is, in itself, a challenge. You might have minimal experience or be low on funds. You might even need to purchase equipment for your startup. Being new to the world of equipment financing can be daunting, with so many different options and risks to take. How do you know you’re making the right choice? We asked ten business execs, “What is your best tip for startups who seek financing for equipment?” Below you’ll find advice to guide you in the right direction in the world of equipment financing.   Be Prepared to Share Be prepared to…