News
Amid Tightening Credit Conditions, Vendors and Brokers Find Opportunities with Alternative and Story Lenders
Amid traditional banking’s tightening credit conditions, many business equipment vendors and loan brokers are feeling the impact. Recent updates reported in Monitor Daily’s Q2/24 Bank Credit Pulse highlight several key changes among large banks that are affecting—or...
Why a Second Opinion on Equipment Financing Could Save Your Business Money
Did you know that many lenders are turning to automatic submissions and documentation for accepting equipment financing applications? Digital. Automated. Both words that are common today. However, once an equipment financing application is submitted, lenders often...
The Equipment Financing Glossary: Demystifying the Jargon for SMBs
For small and medium-sized business (SMB) owners, the better you understand the equipment financing world; the better prepared you are to navigate it, especially if you have less-than-perfect credit. At Global Financial & Leasing Services (GFLS), a full-service...
The 5 Most Asked Questions About Equipment Financing
Essential business equipment can run thousands to hundreds of thousands of dollars, requiring a significant investment and a major decision. Equipment financing offers a practical solution to obtain the equipment a business needs without the hefty upfront cash layout....
Beyond Credit Scores: The Human Side of Equipment Financing
In the world where many feel like they are simply a number, there’s a unique approach that values people’s stories just as much as their credit score. It’s called "story lending" in the financing industry. A lifeline for business owners whose credit scores aren't...
How Startups Can Use Equipment Financing to Scale Up
Taking your startup to the next level involves making strategic decisions about how and when to invest in essential business equipment—equipment that can give your company an edge over competition, bring efficiencies to services or operations and more. But for many...
Equipment Financing on a Budget: Advice for Getting the Most Bang for Your Buck
The internet is full of advice for business owners. Most every city has chambers of commerce and business mentoring groups to support business growth. They all offer advice—some solicited, some not, some good, some not—on running your business. In the competitive...
The 7 Secrets of Building a Trustworthy Relationship with Your Equipment Financing Lender
Between online banking and lending, chatbots, advances in AI assistants, the world’s pandemic shutdown and such, building and maintaining personal relationships with other businesses isn’t as easy or prevalent as it once was. The team at Global Financial & Leasing...
5 Myths About Equipment Financing for Businesses with Credit Challenges
For small and medium-sized businesses (SMBs), equipment is king. Having the right equipment can make the difference between breaking even and profitability, being competitive and lagging, and maximizing efficiency and missing deadlines and goals. And, for SMBs facing...
Lease to Own vs. Loan to Buy: Making the Best Equipment Financing Decision for Your Business
The decision between obtaining essential business equipment through leasing (with an option to own) or purchasing outright with a loan is a strategic choice that can have long-lasting financial implications for your company. At Global Financial & Leasing Services...