How can I use equipment financing to build my business credit report?

Whenever you make a purchase no matter how big or small, you should always consider how it may help you improve your business fundability. If you fail to recognize opportunities that come up you are shortchanging yourself and hurting your ability to get future loans or credit. The Many Benefits of Equipment Financing Improving your credit score is only one of the benefits of financing equipment for your business whether it is everyday office equipment or heavy backhoes and utility vehicles. You can depreciate the cost of the equipment as you pay for it, use it for collateral against new loans in the future and end up paying far less than leases on similar equipment.

Those benefits can increase your business' financial stability on their own, but the single most important thing large-scale purchases do is improve your business fundability by creating better credit scores. Of course, that's only true if you keep your accounts in good standing. There are many tips for improving your business credit on http://www.businessfundability.com, but keeping your equipment financing accounts in good standing is a simple procedure. • Make your monthly payment on time • Don't over-extend yourself on equipment loans These two simple steps are easy to do if you keep them at the front of your mind at all times.

If you are having cash problems, using equipment loans can help you get what you need without over-taxing your company's liquid assets. How Equipment Financing Differs from other Loans When you get an equipment loan it will have a different payment structure than a common personal loan, or regular business loan. Banks know that equipment depreciates quickly at the beginning, and will lose a lot of its value in the first few years. Therefore, payments on equipment loans will be larger in the beginning of the loan to keep the equity value in line with the loan value. It takes very good credit ratings to obtain equipment loans due to the nature of their payments. You will also have to prove you can afford the hefty early payments. Before you apply for any equipment loans make sure you have done all you can to establish strong business fundability and have all of your records in order to show your ability to pay the note.

Unsecured Business - Easy qualify Up To $250,000

Business Financing - finding the funding you need

Business financing sources are not in short supply but finding the right one can be a daunting task. We help make that task much easier. In order to assist you in your search for business finance firms, we have categorized the lending and investing criteria of funding sources in a variety of areas:

• Commercial finance
• Equipment leasing
• Government loans
• Venture capital
• Commercial real estate
• Angel investors
• Start-up financing
• Invoice factoring
• Purchase order advances
• Asset sale leasebacks

Access to sources of capital for your business is fast and easy. Your request will be matched against those business finance firms offering what you are requesting and those to which your funding need may also apply.

Here is how easy it is to fund your business:

First, you can search for your matched available funding programs for free, without having to give any personal or contact information. Provide only general business information, such as:

• The date the business started, current revenue, your industry ...
• How much money do you need for: cash, equipment, buildings ...

Then, we show your available funding programs and you select the ones that may be right for you. It is that easy. Since 1995 we have helped over 200,000 businesses in their search for capital. We want to help you too!

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Business Loans for Bad Credit... How to Get Money for Your Business