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

Construction Equipment Financing, Equipment Dealer Partnerships, 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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What Equipment Finance Companies Don’t Want You To Know

Construction Equipment Financing, Equipment Financing

⚠️ Before you apply for equipment financing—and definitely before you sign an equipment finance agreement—make sure you know the answers to these 7 questions, or you could end up paying thousands more than expected. ⚠️ 1. Will your credit be pulled by a hard inquiry or a soft inquiry? This should be a 2-part question.

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

Equipment Financing, Construction Equipment Financing, Equipment Dealer Partnerships

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 have the cash flow to support the payment—but

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

Equipment Financing

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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