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In all businesses, there are so many things that need to be cleared up. Equipment lending is no different. Axis Capital Group Inc Business Funding , a direct lender providing quality equipment leasing/financing services from its main office in Nebraska to almost all states in America, is yet to unfold some of the facts behind myths in this industry. 1. Contrary to what banks tell you, you do not have to put your money down to buy a commercial vehicle. Banks do need down payments when they finance homes and buildings so they can just carry that policy over to commercial vehicles but with legitimate vehicle financing companies, $0 down payment is needed. 2. You don't need to offer collateral when you loan. Most banks make it easy for themselves so they get some insurance from you. If you don't have big cash for the down payment, a banker will often ask for additional collateral like land title, pledging of your account receivables, buildings or even homes. In the equipment financing companies, this is not a good policy. The equipment you are purchasing should be the collateral to support your loan. Some agents would also scam you into putting all you've got for the loan. Don't get fooled into over-collateralizing your loans, just the equipment you are buying is enough collateral- nothing more. 3. Rules differ depending on the place you are at. The government's policy may affect terms with both banks and equipment lending companies. In most cities though, like Jakarta, Indonesia and Singapore as well as in Tokyo, Japan, some companies insist that you cannot get a 100% financing including tax, title and license (TTL). Equipment lending should be able to make a partnership with you, not take advantage of you. Equipment lending isn't 100 percent about avoiding risk; it's about helping your business get the financing terms you need. So the next time your bankers tells you they can't fi

With so many business start-ups nowadays, the need for equipment leasing is also increasing. However, with too many of us in the industry, Axis Capital Group Inc. with a group of direct lenders of quality equipment based in Grand Island, Nebraska gets a lot of confused questions and dilemma from business owners. To save us all of our precious time, here are some questions that you can prepare when you are planning to lease equipment. 1. How and Where Will We Be Using the Equipment? As a given, it may be impossible to lease an equipment in Nebraska when you are in Jakarta, Indonesia. However, some companies may permit shipping of equipment provided that rules and terms be followed. Review and determine how your company will use the equipment and the length of time it will be needed. This will help determine the appropriate level of investment for a lease. To help decide if leasing is a profitable financing option, perform a simple cost/benefit analysis that compares the periodic leasing payment to the revenue you expect to generate from using the equipment. 2. How Well Does the Equipment Finance Company Representative Understand My Business? Generally speaking, it is beneficial to work with someone who understands your particular market, regardless of the service you are seeking. This is even more crucial with regard to leasing. The equipment finance company's understanding of market fluctuations and other factors that impact your business can greatly affect the successful outcome and desirability of a lease contract. You may also want to get a good representative who can answer your needs. If not, then you are probably dealing with a scammer. 3. What are the Total Lease Payments and Costs? Asking this question will eliminate any future misunderstandings about the number of payments, the total monthly payment due, and any additional costs related to insurance, taxes, and other charges. In addition, ask if there are addi