Equipment Dealer Partnerships

How long does it take to get an equipment financing approval?

How long does it take to get an equipment financing approval? When business owners need equipment, it is usually a fairly immediate need.  Maybe a piece of equipment broke down and would be too expensive to fix again.  Maybe you signed a new job contract and you need equipment quickly to meet your job timeline. 

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What type of credit inquiry is being done when I apply for equipment financing?

It’s surprising how many finance companies do not go over credit pull requirements with clients upfront, especially when it comes to the type of credit pull being done. It is also surprising that most clients do not ask about credit inquires prior to filling out a finance application. Many equipment financing companies use a soft

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Why Equipment Dealers Benefit from Having an Independent Finance Broker in Their Corner

Why Equipment Dealers Need an Independent Finance Broker Selling equipment is only half the equation. For equipment dealers, getting a customer excited about a machine is often the easy part. The more difficult question comes next: “How are we going to structure the financing?” A customer may want the equipment, need the equipment, and even

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Why the Lowest Monthly Payment Isn’t Always the Best Equipment Financing Deal

When comparing equipment financing offers, it’s tempting to focus on one number:“What’s my monthly payment?”But that number doesn’t tell you the whole story.Two financing offers can have similar monthly payments while having significantly different total costs.Before comparing offers, look at:1. Total amount you’ll payAdd up the payments and all applicable fees—not just the monthly payment.2.

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Equipment Financing vs Cash: Which Is Best for Capital?

Should You Pay Cash for Equipment or Finance It? Buying equipment outright can seem like the obvious choice. If your business has the cash available, why pay interest? But there’s another question worth asking: What could your business do with that cash if you kept it available? Equipment financing can allow you to acquire the

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