Question

Asked: Nov 10, 2009

i want to pay a dump truck so i can start my business but i need financial HELP

Categories: In Money and Finance > Business Financing
Industries: In Environmental Services > Environmental Services - Other

Watch this Question | Email to a Friend

Answers

I answered a similar question about business vehicle financing on this site, here is a summary:

Sources available to you will depend on a few things.

- Time in business - if you 've been in business under 2 years it is generally more difficult to obtain financing, however, it is available and you should expect to pay higher rates due to the increased risk.

- Age of the vehicle - older vehicles are more difficult to finance. Some banks will finance used business equipment but an equipment financing company should have no problem with used equipment, as long as the age isn't too old.

- Speed - equipment financing companies can typically move faster than banks, but may be more expensive depending on several other factors including those covered above.

Another consideration is the deduction available through Section 179. See www.section179.info for more.

Let me know if you need clarification or additional information.

Source: http://www.section179.info

Answered: Nov 12, 2009

FEATURED LISTINGS

U.S. Bank® Flexperks

New Way To Earn Rewards With More Than 150 Airlines, No Blackout Dates and No Redemption Fees! Experience New FlexPerks Travel Rewards Visa®.

www.FlexPerks.com

Energy Investing

Invests in and finances the global energy sector, providing equity, debt, leases, project finance, partnerships and commercial financing.

www.geenergyfinancialservices.com

Earn From 2.00% to 2.30%

With AA+ Rated GE Capital Corporation. Not An Offer Of Securities For Sale.

www.geinterestplus.com

AT&T Business Solutions

The Information You Need to Start, Manage, Move & Grow Your Business.

www.att.com

Business On Main: Online Community

Free Online Tools & Resources To Help Start Or Grow Your Business!

www.BusinessOnMain.com