Equipment Financing - Best Alternative Lending Method

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Equipment Financing
Best Alternative Lending Method

• LEASEFUNDERS.COM

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• One of the best alternative lending methods is
  equipment financing? With many financial
  institutions shrinking away from lending to
  businesses, equipment financing business is still
  excitedly collaborating with business owners to
  help them get the funding they need to acquire
  the equipment they require to run their business.

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• Not all equipment financing firms have the same
  qualifications. See to it you put in the time to
  read their website and also see if your tye of
  the business matches the type of business they
  finance.
• Double-check that you a clear understanding of
  their requirements before you send your
  application!

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Check credit requirements

• Some equipment financing companies approve only
  to businesses with good personal credit. Do NOT
  expect a lender to look ONLY at your business
  credit for approval!
• Some equipment funding business approves just to
  businesses with a good personal credit score. Do
  NOT expect a lender to look JUST at your business
  credit for approval! They are also checking...
• How long your business is operating.
• They do check the business credit score
• Sometimes they are also checking the business
  owner's credit score.

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Make your business stand out from the rest

• Provide an executive summary for the lenders to
  evaluate your business. An executive recap is
  essentially one or 2-page recap of your business
  plan. Be cautious about your financial
  projections. It's a huge warning if your economic
  projections are impractical.

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• For more information about alternative lending
  read
• https//www.leasefunders.com/articles/alternative-
  lending-equipment-financing