There’s a high rate of turnover in equipment leasing and finance; monetary turnover that is. Businesses in this line of work need flexibility and cash upfront to purchase inventory. One thing is certain in equipment leasing and financing: that inventory is headed straight out of the door.
Learning the Ropes
If you are involved in this kind of work, you need access to thousands of dollars in cash at any given time. Rather than keeping that kind of cash on-hand, these businesses have come up with a more affordable way to handle paying for big ticket items. That affordable route is available through Advance Funds Network (AFN) and our unsecured lending options.
For example, we funded two custom cargo trailer sales businesses in neighboring states. A business in Brunswick, GA needed $40,000. A business in Lake Park, FL needed $15,000. Each outfit has a high profit margin and is constantly fronting money for jobs. They use the funds for inventory purchases.
These merchants were very pleased with the quick and easy funding process. They have loans from the bank and are used to arduous application processes. We closed both deals within five days without having to show financial statements or tax returns.
Finding the Right Fit
If you already have bad credit, you can still use this method. In fact, this method can help improve your credit score and help you get out of debt. Immediate payment of debt isn’t always possible, but even if it isn’t, a timely payment is. Both of these approaches will improve your credit over time.
Equipment leasing and finance is big business; you need a partner to match. At AFN, we’re a very experienced partner in providing unsecured financing and payment plan solutions. Our company will work with any business that is older than six months. There are many options available to help businesses with different budgets and goals succeed.
The key is finding the right match for your business. Our knowledgeable staff can do just that. Contact us online, consult a lender, and find your solution today.