Information

Navigating equipment financing and leasing can be challenging for small business owners. TCB Equipment Financing and Leasing Corporation provides valuable resources to help you make informed decisions and secure the right financing solutions. Explore our resources below to overcome common hurdles and achieve your business goals.

Understanding lender categories

Choosing the right lender is crucial. Here’s a breakdown of lender categories to help you get started:

  • Regional Community Banks and Credit Unions: Ideal for well-seasoned businesses seeking lower rates.
  • National Equipment Finance Companies and Captive (Manufacturer Finance): Offer industry-specific expertise and high advance rates on hard assets.
  • Online and Marketplace Lenders: Provide faster approvals and flexible underwriting, suitable for specific equipment or non-prime credit.
  • SBA 7(a)504 Program: Best for very large purchases requiring long amortizations and lower down payments.

Essential resources package

To assist you further, we offer a comprehensive resources package designed to address common challenges in securing equipment financing:

  • One-Page Client Intake and Document Checklist: Streamlines the loan intake process.
  • Lease vs. Buy Excel Calculator: Helps you compare the financial implications of leasing versus buying, considering term, residual tax impact, and maintenance.
  • Asset Class Residual Benchmark Cheat Sheet: Provides industry benchmarks for asset residual values.
  • Lender Selection Decision Tree and Marketplace Contact List: Guides you in choosing the right lender and provides a list of marketplace contacts.
  • Plain-Language Fee and Covenant Glossary Plus Sample End-of-Term Scenarios: Clarifies financial terms and illustrates potential end-of-term outcomes.
  • Vendor Coordination Checklist and Installation Financing Script for Dealers: Facilitates smooth coordination with vendors and offers financing scripts for dealers.

Formats for success

We provide resources in various accessible formats to suit your preferences:

  • Informative Blog Posts
  • Practical Checklists
  • Instructional Videos
  • Interactive Calculators

At TCB Equipment Financing and Leasing Corporation, our goal is to empower you with the knowledge and tools necessary to make informed financing decisions that align with your budget and business objectives. Contact us at [[phonenumber]] or [[email]] to learn more.

Get started today

Ready to explore your equipment financing options? Contact TCB Equipment Financing and Leasing Corporation for personalized assistance and expert guidance. Let us help you find a loan that fits your budget and needs.