Equipment leasing companies come in all sizes.
You can spend hours upon hours researching equipment leasing companies online. That’s because there are so many out there to choose from. There are lease financing companies in all different sizes, and some of them focus on specific business industries. So, is it better to work with a small, medium-sized, or large equipment leasing 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.
When looking at equipment leasing companies, experience counts.
It’s no surprise that experience is very important when looking at equipment leasing companies. If you end up choosing one that has been in business for many years, they will fully understand the complexities of the leasing business. They will also have staff members who are fully capable of explaining the different types of equipment leases that are available. Just imagine how much easier it will be if you are working with someone who understands your business and can provide you with the best solution, and the lowest equipment lease payment.
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 leasing companies 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 leasing companies are those that provide great customer service, have extensive experience in the leasing 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 lease financing company for your small business.