Jared Holmes

A declined financing application isn't the end of the road. Here's how to refer a turned-down customer early so you can still close the sale, or help them get on track to qualify.

Equipment financing exists for one reason: to match the loan to the asset. Lower rate, longer term, the equipment itself as collateral. It's usually the cheapest way to buy equipment. Usually. But "usually" isn't "always." There are two situations where a working capital loan or line of credit, something we don't typically talk about for an equipment purchases, actually gets the deal done better than equipment financing would. Even at a higher rate. When the Equipment Is Too Old to...

Most business owners see the words "personal guarantee required" and assume the worst. They picture liens on their home. Damage to their credit score. Personal financial exposure that follows them around for years. That reaction is understandable. It is also mostly wrong. Here is what a personal guarantee in equipment financing actually means. What a Personal Guarantee Is A personal guarantee is an agreement to repay. That is it. It means the owner is personally...