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, and some of them focus on specific business industries. 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 really small financing company might not instill confidence because it lacks the manpower and resources to handle your business. Therefore, it’s a good idea to select a company that isn’t too big or too small, and that provides you with outstanding service and support.
It’s no surprise that experience is very important 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 are working with someone who understands your business, and who can provide you with the best solution for your particular needs.
Customer reviews matter.
Let’s now turn to customer reviews that you can read on platforms such as the Better Business Bureau (BBB), Birdeye, Trustpilot and Google. Online reviews matter because they provide you with 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 many positive Balboa Capital reviews online in video format that were posted by small business owners, franchise owners, and equipment vendors.
The bottom line.
The best equipment financing companies are those that provide great 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.