Can anyone qualify for a commercial vehicle and construction equipment lease? Whether you have bad credit, little money or no down, a startup business or a business with little time in business, we are going to discuss how to get financing no matter what the situation is.In today’s economy, lenders have changed their lending requirements as times have become worse. Many Americans are struggling to stay afloat with their normal bills and salaries and wages that aren’t rising. Additionally, many people have been laid off or fired because of employers either cutting back or going out of business. The blue chip companies of yesterday, Ford, GM, General Electric have seen their stock prices fall to new lows. High flying companies such as Starbucks are closing old non producing stores and reevaluating their future expansion plans. Federal back government agencies such as Freddie Mac and Fanny Mae have financial problems due to eroding lending portfolios and are now being assisted by the Federal Reserve…What does this all mean to getting financed in the commercial vehicle and construction industry….Because banks recognize first hand that the U.S economy is in trouble, they have tightened their lending requirements in all industries. Many lending […]
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