CMS Funding Blog

Gone are the days of small businesses only having the option to work with brick and mortar financial institutions with tight lending habits and slow turn around times. Rather than having to put up company or personal assets as collateral on a working capital loan, many online lenders like us offer loan terms that actually work for the borrower.

When partnering with a financing company, it’s important for equipment vendors to understand how the process works for their customers. Even if you’re not the one executing the loan application process, you may still receive questions from potential and existing customers on what to expect from start to finish. Here’s a quick look at how equipment lenders approach the application review process.

No matter what industry you’re in, you can find ways to improve your business’s profits, whether through additional sales or improved operations. Here are three ways you can increase your profitability by using equipment leasing.

Seasonal businesses play a critical role in the economy, from providing landscaping services in warm months to offering snow-related recreational activities in colder months. Because income is inconsistent, however, it can be difficult to figure out the best financing plan as you build and grow your company.

In most places throughout the country, landscaping companies are seasonal, with the bulk of the work happening from spring through fall. Maximize that period of opportunity by getting the equipment you need to work efficiently, while running a flexible acquisition process and getting quick access to funds.

Considering equipment leasing but not sure what to expect? Follow these five easy steps to get the equipment you need delivered to your business in no time. 

When you’re in need of working capital for your business, a secured loan may seem like easy money to keep your cash flow moving. Before you pull the trigger, make sure you know both the pros and the cons of secured loans. More information is always better when trying to make the right move for your small business.

When you’re first starting your small business, you’ve got all the zeal in the world for your new product or service. No matter what your vision may be, at some point, you’re probably going to need some financial resources to truly bring your ideas to fruition. But what’s the best option: bootstrapping with your own cash or financing with a working capital loan?

Applying for a working capital loan doesn’t have to be an overwhelming process. One of the biggest insecurities for small business owners is their credit score. Luckily, many online lenders weigh other factors in addition to your credit. Here’s everything you need to know about credit scores and working capital loans.

Planning for future growth means taking a good look at your equipment funding options and figuring out what works for your company. Not only do the month-to-month numbers need to work, but it’s also vital that the repayment terms make sense for where you see your business heading in both best-case and worst-case scenarios.

Find out how long equipment loans and equipment leases last to determine what fits your strategy as well as the life expectancy of the equipment you need.