Retaining Star Performers in Trying Times - Best Practices - Harvard Business Review
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Monday, December 21, 2009
Thursday, December 17, 2009
Wednesday, December 16, 2009
Wednesday, December 2, 2009
Wednesday, November 18, 2009
Monetizing Service Contracts with Related Equipment
Many vendors and manufacturers have million dollar contracts secured with large companies but cannot secure the internal financing to provide the end user with the necessary equipment .
A program is now available to allow your customer to leverage that contract to get the equipment needed. This allows your client to obtain the cash now instead of waiting years to get paid.
Minimum dollar size is usually $ 1 million and requires the end user of the equipment
to be bond rated BB or better. Service contracts must have a component of equipment.
A program is now available to allow your customer to leverage that contract to get the equipment needed. This allows your client to obtain the cash now instead of waiting years to get paid.
Minimum dollar size is usually $ 1 million and requires the end user of the equipment
to be bond rated BB or better. Service contracts must have a component of equipment.
Tuesday, October 13, 2009
Paynet - The Litle Known Alternative to Dun & Bradstreet
Paynet is a little known business reporting agency. More than 200 leading US Lenders anonymously report more than 16 million finance contracts worth greater than $ 700 billion. Its database is updated weekly and is used by commercial equipment lenders to make loan and lease decisions .
It was started in Skokie IL in 1999 to find a better way of predicting business owners ability to repay equipment installment debt . Credit bureaus are highly
biased towards paying personal credit obligations . Paynet instead depends on large commercial lenders reporting anonymously on a weekly basis .
Dun & Bradstreet has historically been the credit source commercial lenders
have relied upon . Unfortunately it is often inaccurate or biased towards the
few big companies who bothered reporting to them . It also can be manipulated
giving an unfair advantage to those who know how to self report their business trade references.
Paynet has made it easier for good paying business owners get larger installment credit without having to provide business tax returns . It also enables them to get credit with more conservative lenders at better rates .
It was started in Skokie IL in 1999 to find a better way of predicting business owners ability to repay equipment installment debt . Credit bureaus are highly
biased towards paying personal credit obligations . Paynet instead depends on large commercial lenders reporting anonymously on a weekly basis .
Dun & Bradstreet has historically been the credit source commercial lenders
have relied upon . Unfortunately it is often inaccurate or biased towards the
few big companies who bothered reporting to them . It also can be manipulated
giving an unfair advantage to those who know how to self report their business trade references.
Paynet has made it easier for good paying business owners get larger installment credit without having to provide business tax returns . It also enables them to get credit with more conservative lenders at better rates .
Tuesday, September 8, 2009
Equipment Finance Agreement Benefits
Many business owners today prefer equipment finance agreements to traditional $ 1 or 10% buyout leases. Customer has option to handle their own sales and property taxes.
Lease company requires physical damage insurance coverage and allows the business owner to decide level of general liability insurance. Early payoff options are typically discounted earlier and more aggressively with equipment finance agreements.
Lease company requires physical damage insurance coverage and allows the business owner to decide level of general liability insurance. Early payoff options are typically discounted earlier and more aggressively with equipment finance agreements.
Saturday, August 29, 2009
SBA 504 Loans
SBA 504 Loans are now available through Accord Leasing . For business owners interested in gaining wealth thru ownership of real estate property instead of making rental payments .
SBA 504 loans have been historically under promoted by banks who often prefer 7A Loans due to 90% SBA guarantee. Many business owners, however,will find the longer term , fixed rates , and less money down requirements more favorable .
Rates are at historical lows right now with fixed terms up to 20 yrs at rates between 5% and 6% .
SBA 504 loans have been historically under promoted by banks who often prefer 7A Loans due to 90% SBA guarantee. Many business owners, however,will find the longer term , fixed rates , and less money down requirements more favorable .
Rates are at historical lows right now with fixed terms up to 20 yrs at rates between 5% and 6% .
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