News
Navigating Regulatory Challenges: Equipment Financing in Highly Regulated Industries
In a highly regulated world, industries like healthcare, cannabis, recycling, construction and mining stand out. These sectors among others, which are legally required to follow specific regulatory frameworks, constantly grapple with the need to maintain compliance...
Tech Innovations: Cutting-Edge Equipment for Business Advancement Through Lease Financing
Technological innovations available today make integrating state-of-the-art equipment vital for companies to remain competitive and grow. But what about business owners, especially those with less-than-perfect credit, who face challenges accessing the financial...
Understanding Financial Statements: A Guide for Equipment Financing Applicants
With many ways to finance essential business equipment, it requires more than just a basic understanding of your credit score to find the best lender for your needs, situation and goals. At the heart of every financing decision are financial statements—documents that...
The Role of Relationships in Equipment Financing Approval
The old adage "It's not what you know, but who you know" holds true in the world of equipment financing. This is especially the case for business owners with less-than-perfect credit. Credit scores don’t paint the whole picture. While your credit score and financial...
Is It Easier to Get Financing for New or Used Equipment?
If you’ve ever purchased a vehicle, then you know what they say about new ones. A new vehicle depreciates thousands of dollars as soon as you drive it off the car lot. This alone is enough steer buyers toward purchasing only previously-owned vehicles. And, there is...
What Are the Steps of Applying for Equipment Financing?
“Sweet! Thank you so much for all of your help and incredible speed. I just wanted to tell you that this new piece of equipment will be a game changer for my business. No one within 250 miles of me has one. I will crush my competition!” Williams, Owner, Discovery...
With Small Business Loan Approvals Hard to Come By, Alternative Financing Offers Hope
Forward-thinking business owners understand the necessity of having access to financing options to support their company’s growth. There are a lot of articles stating how difficult small business loans are to obtain today. Even though the specific statistics vary...
How to Finance Used Construction Equipment
Acquiring construction equipment, even used machinery, can be a significant investment for construction company owners, especially for those with less than perfect credit or startups without an extensive credit history. While traditional financing options usually...
Big Bank Practices Are Killing Their Customers’ Credit History
It’s only second quarter of 2023 and three banks—First Republic Bank, Signature Bank and Silicon Valley Bank—have failed. While First Republic Bank was the last to fail so far this year, it is the second largest bank failure in history with approximately $229 billion...
How Much Equipment Financing Will I Qualify For?
Of all the companies in the U.S., 72% of them use some form of financing when acquiring essential business equipment. On March 30, 2023, CBS News reported five million businesses launched in 2022. Since the pandemic started three years ago, there were 15 million new...