Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing Group assists the startup and seasoned business for financing in all different industries.
http://equipmentleasingandfinancing.wordpress.com/
For the equipment leasing and financing industry in 2008, economic times were no different than most U.S Industries. The transaction and sale volume as a whole was rapidly declining as we draw to the close of this year. Many lenders, lessor/brokers were either in an illiquid position or possibly out of the business due to the declining economic times.
As gas prices and the rate the federal reserve charges it best customers have gone down, the interest/rate factors charged by lessors have not. The combination of the down payment, the additional lending requirements and the high cost of borrowing money has depressed the leasing industry..
In addition, the lenders/lessors in 2008 have seen record repossessions and they have assumed a tremendous amounts of additional repossessed inventories. These problems combined with the difficult economic times has changed the leasing industry as we have recognized it in the past.... Many lenders have had to focus on their repossessed inventories instead of normal business due to cash flow demands, out of balance credit lines with their own lenders, and competing with other lenders for the small supply of buyers in the market place.
In the prior better times, there were many application only programs up to $250,000 and $150,000. This meant there was no financial statements, tax returns or bank statements required. Today, there are less application only lending programs available, or the available programs require more information and their rate factors are higher than before. Due to problems in the industry, many lenders have gone back to more conventional lending requirements. .
These lending changes have a tremendous impact on normal business for marginal credit buyers, startup businesses. and more mature businesses. One interesting area that has arisen out of this economic downturn is dealer/special financing. With all the repossessions in the market place today, buyers still have an unique business opportunity to acquire a repossession. Repossessions can be obtained with very little or no money down, sixty months to repay, regardless of age, and more favorable financing terms than conventional financing.
Since new business capital is difficult to obtain, it is suggested that the startup and seasoned business examine the repo markets. This could be a rewarding in the combination of both price and financing.
The following types of industries are examples of what we are describing here for equipment leasing and financing construction trucks and equipment, work and commercial vehicles, over the road trucking including semis and big rigs, commercial trailers including flatbed, bottom and end dump, dry van etc and all types of construction equipment, backhoes, excavators, bulldozers, dump trucks, farm equipment, forestry equipment, heavy equipment, garbage trucks, etc
If conventional isn't available to you for whatever reason, please check out the repossession market and see what deals you may be eligible for.
- Related Videos
- Related Articles
- Ask / Related Q&A
- California Equipment Leasing Services (Syndicated Leasing)
- Equipment Leasing Services California
- Saving Money in Construction Business by Equipments Leasing or Renting
- Easy Technique to Qualify for Start-up Heavy Equipment Lease-financing
- How to Go About Dump Truck Equipment Leasing
- How to Market your Equipment Leasing Business Properly
- Read the Fine Print in Equipment Lease Contracts
- Job Prospects Of Heavy Equipment Operators
Always choose a direct payday lender
By: Steven | 02/12/2009Choosing a direct lender is a good option for consumers while shopping for payday loans. One can judge all the parameters and decide which one is best among available payday lenders.
Same Day Money Loans- Fast Borrowing Reduced Formalities
By: alen maker | 02/12/2009Same day money loans are the short term loan that are easily available on the internet and the money is also deposited in your account without any hassle. You can borrow the money through the internet.
Really Bad Credit Cash Loans Today- Instant Loans For Adverse Credits
By: Andrew Stomes | 02/12/2009Really bad credit cash loans today are the short term loans that are available to the people running on bad credits. These loans are easily available on the internet and the money is also available in few hours time.
How to choose best among available payday loans
By: Steven | 02/12/2009While choosing among available payday lenders some important points should always be taken into consideration. Such small but important knowledge can really help a consumer to avail full benefit of all features provided by payday loans.
The charm of having dreams come to life
By: kamlesh shukla | 02/12/2009Every individual wants to be independent and carve a personal space in the world which he/ she can call his own. This is what is called a home and in the world homes tend to be expensive and thus the perpetual need of home loans
The charm of having dreams come to life
By: kamlesh shukla | 02/12/2009Every individual wants to be independent and carve a personal space in the world which he/ she can call his own. This is what is called a home and in the world homes tend to be expensive and thus the perpetual need of home loans
Are Payday Loans Worth the Higher Interest Rate
By: Scot Johns | 02/12/2009The business recession has badly influenced folk across the world. Enough money is not available with folks. Life really seems to difficult for the ones who have to make so many payments in a month. They are in uttermost need of cash. But from where will they get it? Well... There is a straightforward solution. All you are able to do is apply for the pay day loans. There are so many people who don't even wish to show that the...
The charm of having dreams come to life
By: kamlesh shukla | 02/12/2009Every individual wants to be independent and carve a personal space in the world which he/ she can call his own. This is what is called a home and in the world homes tend to be expensive and thus the perpetual need of home loans
Tractor Semi, Tractor Semi Trailer For Sale With Financing and Leasing
By: Rick Reed | 27/11/2009 | LoansTractor Semi, Tractor Semi Trailer, used tractor trailer are for sale with special dealer financing and leasing. In this economy, start up and seasoned businesses have the option to obtain coventional financing or secondary off lease and repo financing.
Long Haul Trucking, CDL Truck Drivers Looking for Truck Driving Jobs and Financing
By: Rick Reed | 27/11/2009 | LoansLong Haul Trucking, CDL semi truck drivers looking for semi truck driving jobs and leasing in this financial system can be a complex challenge. Many trucking companies are not seeking company drivers or laying off a quantity of of their staff due to these strenuous economic times..
Dealers and Vendors Seeking Consumer And Commercial Micro Small Ticket Financing And Leasing for Customers
By: Rick Reed | 27/11/2009 | LoansCommercial and consumer micro small ticket financing and leasing is available to dealers and vendors customers. In this economy, consummating sales is hard enough and this available financing could be a deal maker for the dealers and vendors customers.
Work Trucks, New and Used, For Sale With Easy Financing
By: Rick Reed | 26/11/2009 | LoansWork trucks, new and used, are offered for sale with easy financing through participating banks working with dealerships, auction houses, and brokers
Peterbilt Truck Clearance Sale With Special Financing
By: Rick Reed | 26/11/2009 | LoansThe start up and seasoned business has an unique opportunity to acquire an attractive deal for off leases and repos for Peterbilt trucks that are for sale in the form of a clearance sale with special pricing and easy qualifying financing
Financing a Truck, Truck Finance has Options to Excellent Credit
By: Rick Reed | 20/11/2009 | LoansFinancing a truck, truck finance has options to excellent credit. During this downturn, several normal truck financial institutions have gone out of business, have altered their lending requirements or have restricted themselves to niche market sectors.
Semi Trucks, Big Rig Trucks, Over the Road Trucks, Tractor Trailer, Sleeper Cabs Financing
By: Rick Reed | 26/10/2009 | LoansIn today's economy, start up and seasoned businesses have an unique opportunity to acquire an attractive financing deal for semi trucks, big rigs and over the road, tractor trailer and sleeper cab trucks.
Working Capital Financing, Medical Professionals
By: Rick Reed | 15/10/2009 | LoansConventional working capital financing is still available in today’s financial markets for medical professionals. In this article, we are going to address a working capital program that is available up to $75,000. In today’s market, many lenders have either run out of money to lend or must liquidate their off lease inventories to generate working capital. Addtionally, some lenders are no longer in business due to these difficult economic times.