Equipment Finance Options

If you are looking to start up and/or expand a business, finding capital is always one of the most difficult adventures the entrepreneur will encounter. Two key components to the financing side is the credit qualifications and the amount of money required either to start up and/or expand the operations.

One of the solutions, that I can offer to you in a leveraged world is the concept of leasing. Leasing is an unique opportunity for the individual and/or business to utilize very little front money and acquire financing up to $250,000, application only. An application only means there are no financial statements, income tax returns, personal financial statements and bank statements required. The collateral of the acquisition and your good credit is the key to this approval, no additional collateral is required.

In this equation, you must asking yourself what good credit is, a personal credit score of 680, 700 and maybe 725 or higher. In this imperfect world where the economy is somewhat unstable, this opens up a unique opportunity for dealer financing with small and large U.S lenders. One particular program offers the start up and seasoned business an unique opportunity where the minimal personal credit must be 575 or higher. Wow, are you kidding and no bankruptcies discharged within five years. With an unstable economy and a shrinking labor pool, this offers an unique opportunity for the start up business and the seasoned one as well.

You probably asking what the catch to this is? Really none except this is a dealer financed inventory and you must select the items out of the lender’s inventory. This inventory includes approximately 400 work trucks, trailers, and construction equipment. These items range from basically new to ten years old and all items are reconditioned prior to being re-leased. The front money on these deals, at this time of year, range from 3-5% of the acquisition cost and financing up to 60 months. Wow! All of the dealer financed inventory has residual buyout clauses at the end of their leases from ten to twenty percent, Therefore you can take title to the acquisition. If you don’t have the funds available at the end of the lease, the lender permits you to continue making payments on the residual until it is paid off, so either way you will take title to the item financed.

Examples of what is in the dealer financed inventory: dump trucks, over the road trucks, day cabs, garbage trucks, landscape and grapple trucks, flatbed trailers, dry van and reefer trailers, backhoes, excavators, dozers, forklifts etc…

One of the additional features of this dealer/finance program is that shipping to your location is an additional option for you. The location of the dealership is in the Midwest. The decision that you have is whether you want to fly out and inspect the acquisition and drive it home. The other option is that the dealer can have it shipped to where you live. This additional charge can be financed, however requires some additional front money, the decision is yours whatever is best for you.

In conclusion, whether you are a start up business or a seasoned one, there are many leasing programs available. You should be careful and understand the details behind the lease and the lender requirements. Many banks and lenders also offer repos and off lease commercial vehicles and heavy equipment for lease with advantageous terms. Check it out and find yourself a deal.

Happy hunting for your acquistion and related financing…

Rick Reed
http://www.articlesbase.com/loans-articles/up-to-250000-financing-startups-and-marginal-credit-welcome-545429.html

http://need-leases.askjakefor.info – Commercial loans, heavy equipment leasing and refinancing and from $20,000 to $250,000 with one-page application. Trucks and trailer financing. 800-313-6433.

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http://themicrolease.com Non-Recourse Vendor equipment leasing program for start ups-all credits. $500.00 to $20,000 per purchase order. Vendor pre-funded upfront. 24 hour Approvals.

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It is a fact that beautiful parks and playing and sitting in open air surely mesmerize everyone. This is the one reason why one can easily find a large number of beautiful grounds and public parks within the walking distance from the residence.

It is usually believed that these public parks and gardens contribute significantly to the physical and social development of children. It is right to a very extent and establishment of more parks should be encouraged. But the contribution from those companies also cannot be overlooked which offers park equipment and amenities with the most professionally acceptable deals in the market. 

These companies are highly respected in the market because they offer the most competitive prices to the customer without making compromise with the quality. One such company which has its reputation in the market is aaaparkitoutdoors.

Not only a large number of schools and day care center but people who wish to start a profitable business in this field also prefer to go for the picnic table and other park equipment of this site.

Even if you visit this site once, it is guaranteed that you will make a better deal and leave the site with a great smile on your face. For all kinds of requirements including outdoor benches, bench swings, and other park amenities, it is no doubt an ideal place to visit.

There are numerous reasons due to which a large number of people visit this company online to make a better deal in the amenities like picnic table, outdoor grills, message centers, outdoor benches, etc. It is not possible to highlight all the reasons as well as features over here. But some of the features that are exclusive in nature are stated below. Have a look on them and decide by your own whether dealing with aaaparkitoutdoors for various commercial park equipments like outdoor benches and picnic table will be productive for you or not!

1.      Transparency: aaaparkitoutdoors offers complete transparency and lucid results to its customers. Prices related with all the products are quoted alongside. All the terms and conditions related with shipping, return, privacy, and payment will be cleared to your in advance. There is no space for hidden costs and undesired surprises over here. 

2.      Press: with the help of this section of the site one can avail industry news, special offers, equipment updates, etc. You can easily browse all the available topics and follow the provided link for additional information. This is one of a kind of feature which you will not find with any other site offering outdoor benches and other commercial amenities online.

3.      Ready stock: if you are in the search of commercial grade products that are highly friendly to the environment then you can visit aaaparkitoutdoors now! Most of the products are readily available in the stock to match up with the urgent demands and are shipped immediately. To meet any kind of firm deadline you can rely on aaaparkitoutdoors without getting bothered.

4.      Financing options: the availability of financing options largely depends on the unit purchasing of the equipment. By contacting the site of aaaparkitoutdoors you can avail all the information related with the lease program. In normal cases, customers making purchase of $2,000 or more are entitled for financing.

Vikram kuamr
http://www.articlesbase.com/business-articles/get-the-most-favorable-quality-of-outdoor-benches-from-aaaparkitoutdoors-716381.html

MIDDLEBOROUGH, MASSACHUSETTS…

While taking out a single line of credit and consolidating other debts might sound like a good strategy in theory, it puts all your debt with one lender. According to Itamar Chalif, president of Atlantic Capital Solutions, it’s a strategy that can backfire in a major way.

Atlantic Capital Solutions, based in Middleboro, Massachusetts, helps small businesses across the country find funding and lines of credit to buy or lease equipment, expand, or make other improvements. Often times, those businesses turn to ACS after a bad experience with a lender. In a number of cases, those lenders have been institutions the business had used for years.

Says Chalif, “We’ve heard some pretty horrible stories recently. One involved a business owner who had already made 24 payments on a $52,000 loan when he inquired if he could rewrite the loan to take advantage of lower interests rates. The bank offered to rewrite the loan if he put $5,500 towards the principle. The business owner declined and thought nothing more of it. The next day, he received an e-mail from the bank requesting the balance of his loan, $14,000, be paid off upon receipt. This was after the lender drew $20,000 out of his personal and business accounts. [after 24 payments, the balance on the loan was $37,000]. Adding insult to injury, he had to pay late fees on all the checks that were written and bounced because he did not know the bank depleted his accounts until it was too late.”

Adds Chalif, “Another story that’s equally disturbing involves a business owner who had been in business for more than 20 years, with total annual sales exceeding $3 million. He had excellent credit, excellent cash flow and a great net worth. For the past six years he had a $250,000 unsecured line of credit with a local bank. One day his banker invited him in and said ‘you are one of our best clients, you have been paying your loan on time, you cycle over $3 million a year through our bank and we really appreciate your business. However you have two choices: (1) provide us with collateral of $250,000 or (2) pay off your line of credit.’ The bank wasn’t completely cold-hearted. It did give him 45 days to pay off the line of credit.”

Tales like these aren’t designed to keep people from seeking lines of credit. Far from it. Says Chalif, “The idea is to diversify so that if you should somehow fall prey to one of these lenders, it doesn’t wipe out your bank accounts or, worse, put you out of business.”

To that end, ACS offers small businesses a number of solutions to getting financing and lines of credit, including:

• New and used equipment leasing/financing

• Small Business Administration (SBA) options

• Non SBA solutions for start-up businesses

• Commercial mortgages

• Terminal Rental Adjustment Clause (TRAC) leases

• Lines of credit

• Working capital loans

• Business acquisitions

• Factoring (accounts receivable funding)

Offering professional, one-on-one service, ACS helps small businesses sift through the fine print that goes along with many financing options so that the best interest of the business owner is protected.

Based in Middleboro, Massachusetts, ACS works with clients locally and nationally, including:

• Business owners, controllers, CFOs and other decision-makers.

• Entrepreneurs contemplating the purchase of a business, franchise or start-up.

• Equipment vendors

For more information about Atlantic Capital Solutions, Inc. and its range of services, you can visit http://www.AtlanticCapitalSolutions.com or call 508-718-5520 to set up a complimentary initial consultation.

About Atlantic Capital Solutions

Atlantic Capital Solutions has helped business owners, entrepreneurs, CFOs and other decision-makers find the right financing option for their organization. ACS works with a broad spectrum of lenders and institutions and is therefore able to offer a variety of customized programs for its clients, including: new and used equipment leasing/financing; commercial mortgages; Terminal Rental Adjustment Clause (TRAC) leases; lines of credit; working capital loans; business acquisitions; and more. For more information about Atlantic Capital Solutions and its range of services, you can visit http://www.AtlanticCapitalSolutions.com or call 508-718-5520 to set up a complimentary initial consultation.

Joe D’eramo
http://www.articlesbase.com/entrepreneurship-articles/why-you-cant-bank-on-consolidating-your-loans-732636.html

http://www.themicrolease.com Start-up restaurant equipment financing. Marginal to bad credit financing. $500.00 to $35,000. Nationwide. One page application. No financials. Vendors & consumers.

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The rate of interest on personal loans can be fixed or variable. In case of a fixed rate personal loan, the rate of interest remains the same throughout the loan period and consequently, the amount of monthly payments also remains the same.

Loan market in the UK is swamped with enormous number of loan options. Different loans have been designed keeping in mind the diverse needs and expectations of the UK residents.

The payday loan is credited directly into the bank account of the borrower. They may not have been able to maintain the desired gap between application and approval because of the uncertain nature of the expense for which the loan is needed. In spite of this, the borrower is given an instant loan, while the service charges are upped.

You can use a personal loan for any of your miscellaneous needs. You can even use a personal loan to make daily purchases. However, you must avoid using personal loans to pay for daily expenses.

Business Funding

Every business needs money at one time or another. The process of obtaining financing can be daunting and the chances of success limited if it is approached in a disorganized or haphazard way. Lenders are conservative critters; however it is important to understand that it is their job to lend money, and they are happy to do so if their risk is reasonable. The chances of obtaining a business loan are greatly enhanced if you adhere to the following procedure.

KNOW WHAT YOU NEED

Understand how you intend to use business financing, how much funding you need and how you intend to repay the loan. Be able to communicate this clearly and confidently with prospective lenders.

UNDERSTAND YOUR CURRENT SITUATION

If you are an existing business, are you profitable, and does your balance sheet have positive equity? What does your credit look like? Have a clear understanding of any existing liens and lien priority. Know your credit score and answers to derogatory credit issues (liens, judgments, slow pays, collection actions) before presenting your application. If there have been credit, profitability or equity issues in the past, present a credible argument as to why these issues have been resolved or how this loan will change this situation.

KNOW YOUR OPTIONS

All lending is critiqued from a risk standpoint. Certain levels of risk will qualify for certain types of financing. The level of risk is reflected in the cost of the financing. The more secure a lender’s money is, the less it costs you. Get creative. Financing takes many forms, and is available from a wide range of sources.

Standard (conventional) bank financing usually offers the best interest rates, however it is the most difficult to qualify for. These loans appear as a long-term liability on the business balance sheet. Conventional loans are available through banks and other lending institutions and can be guaranteed in whole or part by the SBA.

Revolving Lines of Credit are another form of business financing. This type of loan is secured by accounts receivable or inventory and is available from a bank or an Asset Based Lender. Credit cards are a form of revolving line of credit. An Asset-Based Line of Credit (ABL) is considered alternative financing and is available to borrowers who are too highly leveraged for a bank.

Unsecured loans, on the other hand, require no collateral but almost always have a higher interest rate than secured loans.

Some of these like the credit check are necessary for determining the reliability of the borrower.

Personal loans are loans taken by people for personal reasons. This might sound as a vague definition of personal loans.

Consolidation loans have loan terms ranging from 10 – 30 years. A good consolidation loan would be that which fits beautifully in your financial situation. Consolidation loans are advantageous to almost anyone because of the ease with which you can customize them to your financial stability and your choice.

Secured loan helps borrowers in making the best use of the equity stored in his or her property that helps him in borrowing a larger amount of loan and that too for a longer loan term.

Real Property, Equipment Leases and Notes are another form of business financing. In these contracts the collateral for the loan is the property or equipment itself. When there is no outstanding balance owed on the asset, the property or equipment could be used in a Sale-Leaseback transaction. Here, the asset is sold to the lender for cash, and the borrower leases the property from the lender until the loan is paid.

Landlords can be a source of financing. It is not uncommon for a landlord to contribute dollars or rent concessions to the development of a tenant’s space. For this loan, the landlord may require a Percentage of Gross Sales Clause in the lease as repayment. Extended vendor terms for purchase of product may provide short-term operating capital loans.

In the event that additional credit strength is required, loan guarantors or borrowing someone’s credit may help the borrower qualify for less expensive financing. Be flexible. Your final package may be comprised of several lending solutions

PRESENT A CLEAR AND UNDERSTANDABLE PROPOSAL Lenders need to know who you are personally, professionally and financially. The lender needs to evaluate Income Tax returns (Corporate and Personal), financial statements (income statement and balance sheet) and a cash flow projection. The balance sheet has to look a specific way. The Current Ratio should be at least 1:1, and the Debt to Equity Ratio should be at least 4:1.

Be specific as to how the money is going to be used and how it will be paid back. Lenders want to know what is securing their debt. Lenders evaluate the quality of the collateral, and want to insure that it is adequate to secure the debt in case of default. A secondary source of repayment is required prior to granting standard financing. The personal guarantee of the borrower is often required. In some situations, a lender may seek secondary collateral. Secondary collateral is simply some other asset in which you have equity or ownership, i.e. equipment, property, inventory, notes. Business funding is not difficult if the borrower is creative and realistic. Know how much money you need and how you are going to use it. Be prepared to defend your needs and anticipate the lender’s questions. In the event that a lender cannot grant your request, perhaps it is the way a loan is packaged. Find a lender who is willing to make recommendations that will help you find financing. A good lender will tell you quickly if they can help you or not. If an intelligent and organized package is presented, a timely response is warranted.

The loan can be repaid over any term between 5 and 25 years, depending on your available income and the amount of equity in the property that is to provide the security for the loan.

Debt is a hard thing to live with, reduce debts today! Online processing of loans is of special help in making instant loans possible. Online processing of loans does not simply mean using a computer for sorting and arranging data. Repayments options have to be studied carefully and understood before you apply for secured personal loans. Most people repay their secured personal loans before time and usually early repayments carry repayment penalties. Rate of interest very appropriately depends on the loan amount, repayment term and personal condition.

There are lenders in the UK who can arrange loan for you and that too at a lower rate of interest.

The Federal Direct Unsubsidized Stafford/Ford Loan is a direct loan the government charges you interest while you are in school.

Michael Lewis
http://www.articlesbase.com/finance-articles/business-funding-where-to-go-96557.html

1st Exclusive Online Equipment Leasing Referral Service
PickYourLease.com Specializes in Equipment Leasing/Financing Referrals using a Proprietary System that Automatically Matches the Right Clients with the Right Lenders Making the Whole Financing Process 750% More Efficient, for the Clients and for the Lenders While Increasing Conversions for Retailers.

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Secured lending is nearly risk free lending and much the preferred sort of loan for the financial institution or mortgage company. For most private individuals, the biggest loan they will take out is their home mortgage and for that secured lending they use their home as collateral.

Collateral is defined as the asset or asset that you pledge to obtain credit, such as a personal or small business loan. Not only your house, but your car, your business equipment, a vacation home, a boat or other property can be used as collateral when you need secured lending.

The primary advantage of these secured loans, as opposed to unsecured loans (also called first charge loans in the UK, or signature loans) are that the interest rates for them are lower.

For those who are interested in starting a small business, however, secured lending might be difficult or impossible. Most small business people, especially the growing number of entrepreneurs and netpreneurs who are starting a business out of their home, they simply dont have the collateral to get that secured lending money.

Their home may already be mortgaged, they might be renters or they may not have enough equity in their homes. For these startup business hopefuls secured lending hopes must be replaced by the reality of equity financing.

When we talk about equity financing, as opposed to secured lending from the standard financial institutions, we are talking about money that comes from the small business owners private funds or from other individual or company investors.

A company that goes public and gets an infusion of money through the sale of stock is acquiring equity financing. Venture capitalist or angel companies are typical equity financers for small start up firms.

An entrepreneur who cashes in her 401(k) to buy a new business computer and printer, who spends his inheritance on manufacturing assembly parts, who uses his savings to buy small business equipment, or sells his classic car collection to lease a storefront location, are all using equity financing to fund their business.

Generally, as far as possible, equity financing is the preferred for a small business start up fund. It is far better to go this route than to begin with secured lending options that leave you in debt right off.

The other important factor in using your own money to start up your own company is that anyone else or any other firm considering investing in you will want to see that you are heavily invested in a practical as well as emotional way. Nothing shows this more than betting your own life savings on your new venture.

Even when you look for secured lending resources shortly after or farther down the small business road any lender will want to see that somewhere between one fourth and one half of the financial start up for your company came from your own funds.

That tells them not only that you are very committed but that you thought this through and prepared well in advance. If you are not willing to assume much of the risk, why, say these venture capitalists, angel investors and financial institutions, should we?

James Copper
http://www.articlesbase.com/non-fiction-articles/putting-your-money-where-your-small-business-mouth-is-with-secured-lending-140578.html

Short on the Equipment Leasing And Finance Association and the Industry and Membership it serves.

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