Financing

Lease Purchases Lease purchase is very much similar to a loan or EFA but the lessor is listed as the owner on the title.  This option like other lease products give added benefits to the lessor like the tax benefits of depreciation and equipment ownership until the terms of the…

Simple Interest Loans Simple Interest Loans is a good way to finance your equipment.  These loans tend to be higher interest but help you get in the equipment when your options are limited.  However, most lenders will require 18-24 on time payments in order to waive future interest in the…

Equipment Finance Agreements (EFA) Equipment Finance Agreements are a great way to acquire capital for your equipment. Although bank loans offer aggressive interest rates, they come at a cost so you need to read the fine print. Loans provided by banks often have provisions in the form of Bank Covenants. …

TRAC Leases (Terminal Rent Adjustment Clause) A TRAC Lease is another way to obtain equipment while keeping the payments lower.  This is done by creating a residual or lump sum payment after the agreed upon term.  A common structure may be to finance $100, 000.00 piece of equipment for 60…

Receivables Factoring Receivables Factoring is a great way to increase cash flow for one’s business. In transportation, if a trucking company takes a load for $7,500.00 from a shipper broker or the load board the receivable I often paid up to 30 day after the load has ben delivered. In…