John Smith
Bio
Stories (6)
Filter by community
Why Is Equipment Financing Important for Small Businesses?
Acquiring the right equipment will allow your business to run efficiently and enhance the quality of your products and services. Businesses need the right equipment, hardware, machinery, and software to function, grow, and fulfill their objectives. However, not all companies have enough funds to cover such massive expenses required to purchase the necessary equipment. Luckily there are other different options available for businesses to finance equipment. In this article we, at Vendor Lender will familiarize you with the different possible ways to fund your business equipment requirements and how you can finance
By John Smith3 years ago in 01
Why Is Equipment Financing Important for Small Businesses?
Imagine you are planning to open a cafe or bakery but you need more capital for equipment. You apply for a loan but there is a possibility that your application might get denied. You approach loan companies but they also deny your application. The process can be really frustrating. This is where equipment financing comes to your rescue. The commercial equipment leasing companies help you understand how you can get an equipment loan for your startup. Startups can obtain equipment financing from lenders who are more flexible as opposed to banks.
By John Smith4 years ago in Journal
Important Questions to Ask an Equipment Financing Company
Equipment leasing is a strategic financial alternative that businesses should consider irrespective of their financial standing. It becomes an even more appealing option when it comes to the current environment where managing cash flow, upholding capital and obtaining flexible financial solutions are even more crucial as businesses ride through the storm. Negative economic uncertainty and declining forecasts are some major difficulties to grow a business, but for the businesses that want to stay cutthroat, specifically during a downward economy, it is essential to be strategic about how you acquire your equipment. Lease financing is a feasible option to acquire equipment and it is crucial to know its pros and cons so that you can negotiate what’s best for your business. We have brought to you some questions that are important to ask equipment leasing finance companies.
By John Smith4 years ago in Journal
How and why to Lease Equipment Instead of Buying?
Purchasing equipment can be expensive, and it may not be possible for all small businesses to buy everything they need upfront. Here is when equipment leasing comes into play. It is a way to spread out the cost over a set amount of time. You will not own the equipment and you will not have to worry about depreciation. In the case of commercial equipment leasing, you have to pay a fixed rate for a certain amount of time. The fees and interest are included in the payment. Contracts of equipment leasing usually run for three, seven or ten years. If you are considering leasing equipment for your business, you have come to the right place to find out how and why leasing equipment is better than buying in various aspects.
By John Smith5 years ago in Journal
8 Reasons to Consider Construction Equipment Financing
Nowadays, every construction company wants to set up the latest machinery to increase productivity, and boost profits. But not all of them have the capital needed to buy such expensive construction equipment. This is where the equipment finance lenders come into the picture. Equipment financing is basically the use of a lease or loan to buy new equipment for your business. This blog will help you understand the benefits of manufacturing equipment financing as well as heavy equipment financing in Canada.
By John Smith5 years ago in Trader
Is it More Advantageous to Buy or Rent Equipment for Your Business?
One of them is the need to buy or rent equipment. Knowing which of the two options is the best for your business is always a challenge for any entrepreneur, regardless of the sector in which their company operates. Still, it is possible to find some parameters to base these decisions. Through this article, we will try to take you through some aspects of heavy and small business equipment financing that must be considered when choosing between buying or renting equipment:
By John Smith5 years ago in Journal
