Applying for lease financing can be a quick process, especially if you are prepared from the onset.

As a former commercial banker, I know the importance a strong banking relationship.  Every entrepreneur reaches a point where they will need access to debt to take their business where they want to go.  The good news in today’s market is that small business owners have more than one option when considering how to fund their capital expenditures. 

Navigating today’s banking environment can be confusing and frustrating.  Connext can help alleviate those growing pains by managing the process for you.  With multiple lending relationships, they know what lenders like certain credits, different collateral types, who has the most flexible terms, rates, etc. Connext knows the equipment finance industry and can help match their clients with the best fit for them. 

Today more and more equipment leases for businesses are being approved on an application only basis. Once the lease application is completed and submitted some leasing companies can make a credit decision in as little as ten minutes.

Getting multiple equipment financing quotes sooner in the process will give you more flexible purchasing options in the end. It may even open you up to purchasing or financing equipment you may have thought you weren’t capable of financing before. Even if you already have a primary lending source, having those options upfront will allow you to work from a point of empowerment because you’ll have the knowledge and options to negotiate what works best for you. Plus, you go into an equipment leasing or financing deal knowing what you can afford so you don’t have to feel anxious about hearing the word ‘no.’ You’ll only hear ‘yes.’

Equipment leasing should be a thorough process but also a process that gets you what you need when you need it without any down time. It’s easy to focus on the cost of the deal without looking at all the details leading up to it or even what that means for you afterwards. At Connext, we work hard to make sure you get all the details before you sign off on equipment loan or equipment leasing deals. Plus, our team has deep experience in specific industries to really understand where you’re coming from and where you want to go.

It’s good to be prepared when looking into financing or leasing equipment. The financing agreements and subsequent terminology can be overwhelming at times. However, to help you get started, here are 5 common items included in financing agreements.

If you’re interested in equipment financing or leasing or just need a financing partner you can trust, having a list of criteria will greatly facilitate the process. We’ll share with you 5 key criteria that we’ve heard from our customers over the years. Use it as a guideline to help you make more informed decisions when choosing an equipment financing partner.

Linda and her team at Connext were on the phone and emailing through the entire process, making recommendations along the way. As a result, we ended up having multiple equipment units shipped and installed on time, despite our difficult timeline.