Fuel Your Small Business Growth with Equipment Financing: Learn How to Avoid the Top Mistakes and Secure Success. Don't Miss Our Expert Tips and Insights to Thrive!
American Credit, a leading asset-based lender, has funded a $493,500 commercial real estate (CRE) funding for a Long Island, New York-based com.
Understanding the reasons behind the need for collateral, the differing perceptions of lenders and borrowers, the process of collateral evaluation, and the roles of various parties involved can empower SMBs to navigate the lending process more confidently and effectively.
UCC filings are crucial in equipment financing, ensuring security for lenders and enabling borrowers to access funds for growth. Although both UCC filings and personal guarantees aim to mitigate lender risk, they have distinct impacts on borrowers.
Funding Announcement: $105K Equipment Financing Agreement for Pennsylvania Farm
Funding Announcement: $176K Equipment Sales & Leaseback (SLB) for a New Jersey Construction Company
EOS offers a structured, proven methodology that simplifies running a business by focusing on six key components: Vision, People, Data, Issues, Process, and Traction.
Success Leaves Clues: American Credit® Closed a Strategic $380,000 Equipment Sale Leaseback Loan to a Montana Agricultural Product Processing Company
American Credit® Closed a Strategic $380,000 Equipment Sale Leaseback Loan to a Montana Agricultural Product Processing Company.
American Credit® Rolls Out 2023 Year End Customer Appreciation Reward: $100 Cash Rebate for Loan Applications
American Credit® Rolls Out 2023 Year End Customer Appreciation Reward: $100 Cash Rebate for Loan Applications.
Understanding and preparing key forms is vital for a business loan, as they show your business's financial health and reliability, thus boosting loan approval chances.
Two fundamental elements underwriters assess are the borrower's willingness and ability to repay. Willingness to repay typically hinges on the borrower's credit history and profile. Ability to repay is assessed by examining the business's financial health and potential collateral.
Equipment sales and leasebacks allow immediate access to capital, improve the balance sheet, offer potential tax advantages, and provide flexibility in financial planning.
Completed application form, latest bank statements, equipment invoice are the important equipment financing loan application materials. The underwriter assesses the repayment willingness and ability based on these documents.