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How can a business ensure it locks down the lowest interest rate possible when applying for an equipment loan?

Interest rates are driven by an applicants time in business and credit quality. The best rates are offered to businesses that show a consistent history of timely payments to their creditors and can furnish documentation that shows the capability to repay the amount of the loan they are looking to acquire.

—Beacon Funding

Jeff Mansfield

Jeff Mansfield is a senior financing consultant at Beacon Funding, an equipment financing company catering to small businesses in the decorated apparel industry. He strives to use his 15 years of financing experience to help business owners successfully expand through equipment financing. Find out more and apply for financing at www.beaconfunding.com. Reach Jeff directly at jmansfield@beaconfunding.com. 

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Charlie Fox

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