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When Is Financing Equipment a Smart Choice for Small Business?
Buying essential business equipment can be a very expensive endeavor. More often than not, small business owners cannot afford to purchase the equipment outright. Even when they can, rarely do they feel comfortable draining their cash reserves. Whether you can afford...
Loans vs. Leases: Choosing the Right Option for Equipment Financing
With so many financing options available from a variety of lending sources today, it’s easy to be overwhelmed by choices, especially considering you’re making a serious financial commitment. While you’re weighing choices, your business lacks the equipment needed to...
Opening Up Opportunities for Our Customers
After we approved and commenced the lease, a freight brokerage firm was able to secure a Master Carrier Agreement with a major steel company. The signed agreement represents at least four years of work for our customer and opens up the opportunity to land other heavy...
Where Can I Find Equipment Financing Loans?
Luckily, banks and credit unions aren’t the only place you can find equipment financing loans. Times have changed, and now you have several options to finance the essential business equipment your business or startup needs. Equipment Financing Loans from Banks Banks...
Making the Finance Process Easy and Quick
Here’s a story about a 20-year-old trucking and excavating company that specializes in lawn care, excavating, digging basements, building foundations for new homes, and snow removal in the winter. Ninety percent of their customers are commercial businesses, such as...
What is Machinery Equipment Financing?
The textbook definition of equipment financing is a lease or loan used to obtain equipment for a business. Adding machinery to the term only means the equipment obtained is machinery or manufacturing equipment of some sort. There is equipment financing available for...
We Are on Your Side
A large, diversified construction company with annual revenues in excess of $9M has been serving Texas and surrounding states since 2005. Their customers include national homebuilders, custom homebuilders and general contractors. GFLS did a couple of small...
Expanding Your Business
A family-owned and high-quality landscaping company provides services to a wide array of satisfied customers with both commercial and residential properties. The principal had an accident in 2012 and could not work for several months. The financial strain...
Customer Now Enjoying Cost Savings
An excavating company out of Ohio, also a current customer of Global Financial & Leasing Services (GFLS), was able to realize major cost savings by acquiring a lighter duty truck. The business owner clarified that with fuel costs increasing, it is no longer...
How Does Equipment Financing Work?
If you’ve ever financed a vehicle purchase or lease, taken out a home mortgage, made payments on a television or even helped your children pay for college with an education loan, then understanding how equipment financing works will be a piece of cake. For business...