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FX Financial
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Both large and small businesses can use equipment financing as a way to invest in capital while managing cash flow and the company's balance sheet. Finding the right loan that is customized to match your requirements, budget and tax objectives can be quick and easy. 

Whether you currently have a financing package or you're looking for one for your next project, you should know how a customized finance package can help conserve your money. On this edition of FX Financial on Air, learn about how you can find the financing package that is right for you. 
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It’s true that buying decisions typically hinge on affordability, but dropping your sales price should not be your first reaction. On this edition of FX Financial on Air, learn the proactive steps you can take to avoid "sticker shock" and protect your sales price.  
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CHECKLIST TO POSITION YOUR BUSINESS FOR CREDIT APPROVAL

Most businesses had a slowdown in revenues at some point during the Great Recession that started in 2009. Some experienced a major retreat. This history can and has led to headaches as businesses recover and apply for needed equipment loans.

Follow these basic guidelines when preparing for new equipment loans to expedite the process and limit your frustration.
 
1. Give the credit analyst evidence that your company has survived and excelled:

Make sure you have an up-to-date Balance Sheet and Income Statement for the current calendar year. Make ready copies of your corporate tax returns from the most recent two years.
 
2.   Balance Sheet / Income Statement Focus:

Keep your Current Assets greater than Current Liabilities on your Balance Sheet.  A 2:1 ratio is considered superb and a ratio less than 1:1 ratio can raise red flags. Profitability is key. Many losses are unavoidable or a result of accelerated depreciation, but keep in mind that sacrificing profitability for short-term income tax gains can lead to frustration and delays when applying for loans down the road.   

3. Mind Your Personal Credit:

Most business loans in the United Stated are backed by the personal guaranty of the owner(s). There are three (3) major credit reporting companies and the scores can vary widely. Watch your Experian® score since it the most widely monitored by lenders. Any score over 725 is immediately accepted. Any score below 675 can lead to a credit decline or a higher interest rate. The commercials don’t lie. Good personal credit goes a long was in the lending industry.  

4.   Align your interests with those of your lender:

Consider alternate avenues for the funds you need. Banks have many revenue streams and don't necessarily need to write loans to smaller businesses to make money. A third-party lender like FX Financial that only makes money by writing leases or loans to companies like yours is more inclined to expedite and meet your equipment financing needs.
 
Focusing on these fundamentals concerns can position you company for credit approval.

Evaluate all your options, know your costs, and protect yourself against increasing rates. Call FX Financial at 512-481-0227 today to explore financing options for your next equipment purchase.
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Taking out a loan always comes at a cost. With fees and credit score considerations, taking a loan costs much more than only the amount borrowed. On this edition of FX Financial On Air, we will take an in-depth look at the hidden costs of loans so you can be mindful of these under-the-radar expenses associated with lending.
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Alan Garretson, CEO of FX Financial, describes the advantages of using fixed rate financing for acquiring entertainment technology. 
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CEO Alan Garretson had this commissioned for the FX Financial office where he gets to enjoy it every day. Can anyone name the artist pictured?!
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It's the right time of year to be thinking about how to spur 4th quarter sales. Creating a special rate financing plan to clear out excess inventory or speed up the purchase decision in the entertainment technology space can help you increase sales between the Thanksgiving and end of year holiday season. FX Financial CEO +Alan Garretson  discusses the strategy and how it can benefit manufactures and resellers.
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Boots in the office on a Friday...because that's how we roll here in Austin, TX at +FX Financial, right +Alan Garretson?!
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