What Is a UCC in Equipment Financing? (And Why Your Lender Files One) If you’ve financed equipment, you’ve probably seen the letters “UCC” in your paperwork. Here’s what it is, why lenders file it, and what to watch for. What is a UCC? UCC stands for Uniform Commercial Code, the set of laws that governs
What Is a UCC in Equipment Financing? A Plain-English Guide Read More »
When you need equipment, you usually need it soon. The good news is that most delays in equipment financing are avoidable, and many of them come down to small things business owners can take care of before they apply or right after they are approved. Here is a practical checklist to help your financing move
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What Fees Are Charged in Equipment Financing? Understanding the Fees in Private Equipment Financing When you’re financing a piece of equipment, the interest rate usually gets all the attention. But the rate is only part of the story. Fees can add to the total cost of a deal, and they’re not always explained up front.
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Should I Pay Cash or Finance Equipment for My Business? If you have the money in the bank, paying cash for equipment feels like the responsible thing to do. There is no debt, no interest, and no monthly payment hanging over you. Plenty of business owners take pride in it, and we understand why. But
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Are equipment financing early payoff discounts available for paying off an equipment loan or lease early? A common myth within the industry is that executing an equipment financing early payoff will automatically yield massive interest savings. Many business owners assume that clearing a lease or Equipment Finance Agreement (EFA) ahead of schedule cuts down on
Are there early payoff discounts for paying off an equipment loan or lease early? Read More »
