|
Real-life situations in which Beacon's equipment financing programs have added value when traditional borrowing options may not be available.
From time to time, we encounter situations in which traditional financing options do not meet our business clients' needs. In these circumstances, Beacon's flexible equipment financing solutions may hold the answer. We've easily solved some real-life problems facing some of our clients and approached each one to meet their individual needs and future goals.
Recent Losses
Issue: Even our best clients have difficult years. Often, those clients that are growing the fastest have the most expenses and may show losses during the fiscal year. Many traditional lenders often have to tell a long-standing client that they cannot extend additional credit because a recent hiccup in their performance.
Solution: Beacon's $150,000 application-only programs are often the ideal solution. Beacon's application-only underwriting process does not rely on a company's historical financial performance. Rather, we look at alternative credit criteria such as time-in-business, corporate and personal pay history, collateral values, and bank and trade references to make a credit decision. So even if you think you will not be approved, complete our one-page, no-cost, no-commitment application. Chances are Beacon will help your business get the equipment you need.
On the Fence?
Issue: With equipment prices and the cost of money at all time lows, your business has the opportunity to take advantage of some great values. However, if your business is like most, you may be waiting to acquire the equipment you need pending an anticipated or upcoming contract. As our economy improves and demand increases, the cost of equipment and financing will increase and those values will dissipate.
Solution: Commit to your new equipment now and avoid payment until your equipment is producing revenue. Our Buy Now, Pay Later program allows your business to acquire equipment today and make no payment until after the revenue for your anticipated contract is realized.
Working Capital
Issue: Slow paying clients, capital expenditures and increasing fuel and supply costs all put stresses on a small business' cash balances and working capital. In addition,, new businesses or businesses with challenged credit may not be eligible for conventional bank financing.
Solution: While traditional lenders may decline businesses for a less-than-perfect credit score, we believe small businesses with a consistent daily revenue stream have untapped borrowing potential. We can help companies, which may have been considered too risky by traditional lenders, qualify for up to $200.000/ WE can do this by extending business credit loans based on their ability to pay rather than a score which may be reflective of the current economic environment, rather than the value of their business.
This article was contributed by Beacon Funding. To find out more information about financing your next equipment purchase, visit our website at www.hic.us under Financing section.
| 
Marc Johnson has recently rejoined the Hirsch Sales staff. Marc has over 25 years of experience in the industry and now has returned after working with another company for the past 10 years. Marc started in 1983 working for SEDECO who was the Tajima distributor in Texas. In 1986 Marc moved to Atlanta, Georgia and was responsible for the SE region for Hirsch and worked for Hirsch until 1999. In 1999 Marc moved his family back to Wisconsin to be closer to family and worked for another company until recently. Marc is well known and highly regarded in the industry. 
