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Choosing a Financing Company to Help your Customers Buy Equipment

If you are looking for a company to offer equipment financing to your customers, there are plenty of factors which should have a say in how you proceed. There are also some significant considerations to make when setting up a program in place for your clients.

A Comparison between Home Equity Line of Credit and Home Equity Loan

A home equity line of credit, also known as a HELOC, is a line of credit that revolves and provides you funds as per need. As in the case of a home equity loan, your own residence is used as collateral to avail this kind of loan.

A Basic Overview of the Top 3 Credit Bureaus

Although there are numerous credit bureaus in the US, three of them top the list of those that dominate the market in collecting, disbursing, and analyzing information on consumers in the credit markets. Mentioned below are the bureaus of major national significance.

Two Types of Used Equipment Financing

Equipment financing refers to a loan that is used to purchase business equipment. The kinds of products which lenders offer as used equipment loans are akin to the ones which they offer to businesses to facilitate new equipment purchases.

The Difference between a Working Capital Loan and a Line of Credit

Working capital loans and lines of credit are two options which people have when trying to get funds for business operations. Deciding which is right for you demands taking many things into consideration. First of all, you will want to know the differences between the two.

The Downsides to Personal Lines of Credit

A personal line of credit offers some great advantages, but there are several factors to consider before deciding it is the right option for you. It does not hold as a rule that one is suited to each and every person.

When Equipment Financing or a Loan Is the Right Choice for a Restaurant

Restaurant equipment financing refers to a form of loan which allows small businesses to access capital in order to buy equipment. The good news is that the equipment itself will act as collateral for your loan.

Things to Know about SBA Loan Down Payments

Regardless of the need of your business, such as the renovation of a structure, buying real estate, or purchasing a new business, the Small Business Administration is a great source to obtain funds. SBA loans are among those that come with the lowest rates.

What Are the Disadvantages of a Home Equity Line of Credit?

A home equity loan with a fixed rate of interest is better suited for debt consolidation than a one which has a variable interest rate. Several large lenders do not provide the fixed rate loan anymore because a HELOC has grown more dominant in the market.

What Is a Construction Equipment Loan?

To answer the question in the title, a construction equipment loan is nothing but a loan taken to finance the construction equipment of a company. It is an excellent option to help an owner purchase the vehicles, machinery, and other pieces of equipment which his or her construction company requires.