Equipment Financing -- Got Money?
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Erik Cagle
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The loan process has also reverted to the two- to three-month range for completion instead of 30 days, according to Margolis. And the methodical, paper-laden process historically associated with lending seems to be making a comeback.
One of the most stressing burdens of proof, he says, is proving the new gear will not only cover the debt, but also provide sufficient margin. Cash flow to debt needs to be 1.5 to 1.
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Erik Cagle
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