Options for financing your debt

If the answers to these questions lead you to conclude that you don’t want to pay cash and that debt financing is your preferred solution, then where do you go? There are actually a few good answers to this question:

  • Original lender. Go back to your original lender and ask for more money. The lender is well motivated to keep you as a customer, especially if you’ve paid on time and have otherwise been a good customer.
  • Lines of credit. If you have availability under any lines of credit you have established with your bank or (AN)other lending source, then go to them. If you have enough availability (UNDER THE LINE) and you’re comfortable with the terms and conditions, this could work quite well for you.
  • Vendor financing. A third answer is to find out if the vendor that you’re purchasing your equipment from offers financing. If it does, the vendor has a great incentive (perhaps even a double incentive) to arrange the financing for you — it ensures selling you its equipment (the primary motivation) and it sells financing services to boot (could be a good secondary motivator). Some vendors may even (BE ABLE TO) finance the related build-out.

Previous Page    1  2  3  4  5  6  7    Next Page