Trust worthy Equipment financing companies

[Blacknbart]

Shop Bot Community,

Any recommendations on any Equipment Financing companies in the U.S.? I do know about the ones on the Shop Bot website, but I figure there has to be more. Any trusted contacts would be appreciative.

Thank you,

Bart

[dlcw]

Pay cash. This financing companies charge LARGE interest rates, even if you are very qualified.

[wberminio]

Bart
I leased my machine and worked out a good deal with one of the companies that shop recommended.
I don't have the info with me
I can get it for u on Monday

Leasing was the best option for me
Check with your accountant.
There are new tax laws for next year's equipment purchases

[Blacknbart]

Yup Don, I feel you on this one, but unfortunately I'm tapped. Finding some money to fund my new venture is the way to go. I'll bite the bullet, but probably have more fun working for myself as well learn some important lessons along the way. Lessons and experiences I won't get working for a large company.

Erminio- Thanks for the lead Post it here when you get a chance.


Thanks guys,

Bart

[dragginbutt]

I went through this dillema a couple of times. Last time I paid cash that I took from equity, but there are a couple options more people don't think of. 1st, if you have a 401K, You can do a self directed 401K that allows you to invest in yourself without paying any penalty. Secondly, you can talk with your local bank. Many will purchase the equipment and lease it to you at very competative rates. But there again, your credit needs to be OK