Equipment Financing Companies

How to find the best equipment financing company.

Equipment financing companies come in all sizes.

You can spend hours upon hours researching equipment financing companies online. That’s because there are so many out there to choose from. So, is it better to work with a small, medium-sized, or large equipment financing company? There is no right or wrong answer to this question. It all depends on what your needs and expectations are.

Maybe you are concerned that your account might get lost at a large company or that you will be treated like a number. At the opposite end of the spectrum, a small financing company might not instill confidence because it lacks the staff members and resources needed to handle your business. Therefore, it’s a good idea to select a company that isn’t too big or too small and provides you with outstanding service and support.

equipment financing companies

Experience counts.

It’s no surprise that experience is essential when looking at equipment financing companies. If you end up choosing one that has been in business for many years, it will have account managers and management teams that fully understand the complexities of the financing industry. Just imagine how much easier it will be if you work with someone who understands your business and can provide you with the best solution for your particular needs.

In addition, you should look for an equipment financing provider that offers a fast, seamless experience that respects your time. For example, an online equipment financing application is ideal, as are swift credit decisions. And if you need funding right away, ask the lenders what their turnaround times are.

two businessmen walking in a warehouse

Customer reviews matter.

Let’s now turn to customer reviews that you can read on Birdeye, Trustpilot, Google, and the Better Business Bureau (BBB). Online reviews matter because they provide helpful information about financing companies that you might not be familiar with.

Keep in mind that some reviews are biased, or even fake, but you can most likely spot those right away. There are hundreds of positive Balboa Capital reviews online in video format that were posted by small business owners, franchise owners, and equipment vendors.

laptop showing online reviews with five stars

The bottom line.

The best equipment financing companies provide excellent customer service, have extensive experience in the industry, and have positive ratings and reviews from business owners online. It is a good idea to keep these things in mind when you are narrowing down your choices. This can help you pick the ideal company for your small business.

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