Don’t waste your time by filling out tedious paper work just to wait days for a decision.
30 SECOND APPLICATION
CONSERVATION OF CASH
Cash Flow is critical to the success of any business. Oftentimes, people are lulled into thinking that paying cash is a good way to acquire equipment because doing so avoids finance charges, interest expenses, and results in lower total cash outlay. In reality paying cash can be the most expensive way to solve the problem.
CONSERVATION OF BANK LINES
An available line of credit is an extremely valuable tool to address unforeseen emergencies, reducing those open lines by using them to finance equipment can be dangerous. Furthermore, bank terms, appetites, and flexibility on equipment transactions range from “less than optimum” to “downright difficult.
Improve Cash Flow
Build a cash reserve and keep credit lines free.