Why a Business With Strong Revenue Can Still Get a Smaller Approval Than Expected
You know what the equipment will do for your business. You have steady customer demand, strong revenue and healthy receivables. So you request financing for a machine that fits the work ahead. Then the approval comes back well below what you asked for. Maybe it covers...
Equipment Finance Agreements (EFAs): What Business Owners Should Know Before Financing Equipment
When equipment can improve capacity or help your business take on more work, the purchase price is only part of the decision. The financing agreement also affects your payment obligations, cash flow and rights to the equipment. An Equipment Finance Agreement, or EFA,...
Your Equipment Quote Is In. What Should You Do Before You Sign?
An equipment quote is more than a price. It is the foundation for the financing request, delivery schedule and installation plan. A few minutes reviewing it before you sign can help prevent delays, surprises and avoidable costs later. The quote has arrived. The...
How Long Does Equipment Financing Approval Take?
Equipment financing applications can often be approved within one business day, and sometimes the same day, particularly for straightforward transactions with complete information. Approval and completed funding are different milestones, and timing varies by...
Can a Startup Business Qualify for Equipment Financing?
Yes, a startup business can qualify for equipment financing, even without years of operating history. Some financing sources evaluate the equipment, the owner’s credit and industry experience, and the overall financing request, rather than years in business alone....