Over eight months have passed since the big game in February, but the wait is finally over for pigskin fans. The 2013 professional football season is kicking off tonight. This year, more than 40 million Americans will be participating in fantasy football, which will generate an astounding $1.3 billion in revenue. Being that football season is upon us and everyone will be rooting for their favorite teams and players, we thought it would be interesting to pose this question: What would a financing company’s winning lineup be? This Balboa Capital equipment leasing blog post highlights some of the things to look for in a financing company, based on strategies that are used when playing fantasy football.
Select a Veteran over a Rookie
When you need to lease equipment or get a business loan for your company, you want a financing company with extensive experience, immense lending power and a solid reputation among business owners nationwide. Working with a financing company that has experience in your particular industry is very beneficial. Their specified knowledge allows them to provide you with the expertise and personal attention you want. Next, it is a good idea to choose a financing resource that has big lending power. Doing so instills confidence and can help prevent any roadblocks during the funding process. Lastly, check to make sure the financing company you are considering has a positive reputation in the marketplace. The web is filled with customer reviews and video testimonials from small business owners who have used financing companies.
Choose a Company with a Deep Roster
In years past, most small business owners obtained financing or loans through their local banks. Today, however, there are many alternative financing resources to choose from, which is great news for businesses that don’t meet their banks’ requirements. The size, scope and capabilities of independent lenders varies, so do your research to make sure you end up with the company that best fits your lending needs. A small financing company might not have the systems or infrastructure in place to facilitate the fast financing your business needs, whereas a large, established financing company will. Balboa Capital, for example, is a nationwide direct lender that has a full roster of financing professionals in-office, including account managers, credit specialists, equipment vendor financing experts and customer service representatives.
Pick a Franchise Player
If you own one or more franchise establishments, there will come a time when you need to purchase new or updated equipment, or remodel your location(s) based on your parent company’s branding initiatives. If you lack sufficient capital, it will be a challenge to pay for these business expenses. The good news? You can acquire financing in a simple and quick manner, providing you select a true “franchise player” like Balboa Capital. We specialize in franchise financing and work with some of the largest hotel and hospitality, quick-service restaurant (QSR), retail, and automotive brands in the US. We are a Qualified Vendor for Choice Hotels franchisees, and a Preferred Lender for Papa John’s franchisees.
Balboa Capital hopes that you found this equipment financing blog post to be helpful in your search for the best financing company. Enjoy the new football season… and when you need fast, dependable funding for your business, go with a proven winner: Balboa Capital.