Ways to improve your credit BEFORE you apply for business financing

Want the best rates? Get your credit score up above a 700! Poor credit can make many facets of your life hard. It can prevent you from leasing the equipment your business needs or other means of business financing.  Before 2008 as a business owner, you could hide your bad personal credit from lenders and concentrate on keeping your business credit clean and you would be approved for financing.  But after 2008 more »

capital equipment

What is An Equipment Sale Leaseback

What is Sale Lease Back Financing? A sale leaseback is a financial transaction between a business owner who owns VALUABLE business equipment and a leasing company.   The business owner uses the equipment as collateral for a working capital loan or to purchase more equipment.  The amount given thru an equipment sale leaseback is based on the auction value of the equipment.   This type of loan isn’t based on more »

Why your personal credit is so important to your business loan lender

Banks, along with equipment funding lenders, use the following to assess loan applications: Income Credit Capability Security. But while banks look at little-to-medium size businesses from a Fortune 500 view, applicants are seen by equipment funding businesses from a small business outlook, a more “common sense” approach to financing. First thing we look at is how  you pay your bills.  As a small equipment financing business.  We work with a more »

accepting credit cards

Accepting Credit Card Payments Is Vital For Your Business

What is Credit Card Processing And Why Does Your Company Need To Be Accepting Credit Cards Whether you are an online business or a regular brick and mortar business.  You need to be accepting credit cards from your clients.  Your processing equipment should not only accept credit card payments but also debit cards. Do you need special processing equipment? Do you need credit card processing equipment for your business?  Before more »

Should You Lease or Buy Your Next Piece Of Business Equipment

With the cost of business equipment on the rise, many of today’s business owners are looking for alternative ways that they can get the equipment they need without having to empty out their business savings accounts or mortgage their homes. For a typical automotive repair shop, the necessary equipment can run almost $100,000 and if you are starting a construction or other such heavy equipment company, multiply that total by more »