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<h2>How Do I Get Commercial Equipment Leasing?</h2> <p> There are two ways to pursue Commercial Equipment Leasing &ndash; either you try to get that loan from a traditional lender like a commercial bank or you pursue loans from non-traditional lenders. The difference is that traditional lenders like a bank will require you to produce evidence of a very good (even excellent) credit score and that you have a history of being a good borrower (meaning, someone who pays loans on time.) In itself, this is not bad since most banks are secure lenders. The problem lies in the fact that if you pursue commercial equipment leasing with your bank, you are actually eating away at your own credit line with the bank. For each commercial equipment leasing transaction you take out, a portion of your credit line is used up (as recorded by the leasing department of the bank.) This is because any transaction you make with the bank will be counted as part of your cash borrowing capacity or term leasing activities.<br /><br /> Another mistake many small business owners make is to mix up their personal credit lines with their business credit lines &ndash; which should never be. Although your personal credit score, credit rating, or credit history will show a lot about you as a personal loan borrower, it does not adequately show how you perform as a businessman &ndash; for that, the bank or other lenders will have to examine the company&rsquo;s own credit history instead.<br /><br /> What you should also bear in mind about pursuing Commercial Equipment Leasing is that you should also be scrutinizing the lenders themselves before you submit yourself and your company to scrutiny. Take into account the attitude of the staff towards you, and ask about the level of experience the lender has had with this type of business loan. There are certain lenders who will only allow companies operating in a specific industry to get Commercial Equipment Leasing from them while other lenders lend to almost all companies, provided these are financially sound. <br /><br /> It would be nice if you had contacts among the owners or managers of other similarly-sized companies and ask them for referrals to lenders. These small company owners or managers will be able to give you insider info on how these lenders operate, how they were treated during the loan processing process, and the experience of the small company owners or managers with making payments on the Commercial Equipment Leasing loan. A crucial question to ask your contacts is: if you need to, would you ask for a Commercial Equipment Leasing loan from the same lender or choose another?<br /><br /> If you do succeed in getting through the initial steps of securing a Commercial Equipment Leasing loan, try asking what payment options are open to you from that preferred lender. Do they require fixed monthly payments alone, or can you be given the skip lease option (which means you can stop paying during lean months when company earnings are weak)? Another option is a step-up lease payment plan, meaning you start paying low amounts then move up to the higher payment amounts incrementally. The lender might also have what is known as a 60-day deferred commercial equipment leasing plan that doesn&rsquo;t ask you for a downpayment but will defer your payments for two months. Its counterpart is the 90-day commercial equipment leasing plan that will defer your payments for three months, and also needs no downpayments. <p style="margin-bottom: 0; margin-top:5pt"> <font face="Arial" style="font-size: 10pt">Article Source: <a href="http://www.ArticlesMaker.com">ArticlesMaker.com</a></font></p> <h3>About the Author</h3> Bob Newman is Vice-President of SJK Capital Funding, a full service <a href="http://www.sjkcap.net/business-equipment.html" target="_blank">Business Equipment Leasing</a> company providing creative and cost-effective financing solutions to our customers throughout the United States. SJK Capital Funding specializes in all types of <a href="http://www.sjkcap.net/commercial-equipment.html" target="_blank">Commercial equipment leases</a> with emphasis on new and used equipment valued between $5,000 and $5,000,000. Please visit our website at http://www.sjkcap.net

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