John Sullivant's guest appearances

John Sullivant

Custom Apparel Startups

Mike Michalowicz

Manuel Suarez

Marshall Atkinson

Mark Bailey

Vik Patel

Tracy Rogerson

Holly Rox

Jennifer Cox

Monty Mims

Randy Rickert

OwlTail

Financing is an important part of starting and growing a business. However, there are a lot of misconceptions and confusion. Many people only have experience financing a house, car, or a new couch. Yet there is a whole world of financing business equipment and software.This episode discusses financing for business and answers the most frequently asked questions.Why do businesses finance equipment?Utilize banks money to startKeep current liquid money on handTax benefitsTime value of moneyCan a new business finance?Yes!You can use personal creditWhat if you don't have perfect credit - should you finance? What if the rate is high?Start now, or don't startRisk and rewardDo what you gotta doWhy not just use a credit card?Installment vs revolving creditSave your credit card for quick purchase / pay off like supplies or blanksDon't use personal revolving credit lines for businessIsn't interest bad?If you can make more money than the interest, you winTax benefitsBank loans cost money, that's the way it works. They are in business too.Better to do something than nothing to winWhat's the finance process like?ApplyReview credit and terms with agentAccept, sign, deliverWhat's financing vs leasing?What if someone has a lot of other questions?Isn't debt for suckers?Most businesses have debtYou buy a house with a loan for the long-term benefits (equity)Is a car loan for a new and reliable car better than paying cash for a car that will break down?Financing: assets vs liabilityA machine for business is different from a carThis isn't just adding to your bills but giving you opportunity.Tax benefitsYou own something of real value vs taking on debt for a vacation or new tvOverall, financing isn't complicated, but it feels scary. So is starting a business or buying a house. Those who take the risk are the ones who can be rewarded.Learn more at https://coldesi.com/financing-options/

Financing is an important part of starting and growing a business. However, there are a lot of misconceptions and confusion. Many people only have experience financing a house, car, or a new couch. Yet there is a whole world of financing business equipment and software.This episode discusses financing for business and answers the most frequently asked questions.Why do businesses finance equipment?<ul><li>Utilize banks money to start</li><li>Keep current liquid money on hand</li><li>Tax benefits</li><li>Time value of money</li></ul>Can a new business finance?<ul><li>Yes!</li><li>You can use personal credit</li></ul>What if you don't have perfect credit - should you finance? What if the rate is high?<ul><li>Start now, or don't start</li><li>Risk and reward</li><li>Do what you gotta do</li></ul>Why not just use a credit card?<ul><li>Installment vs revolving credit</li><li>Save your credit card for quick purchase / pay off like supplies or blanks</li><li>Don't use personal revolving credit lines for business</li></ul>Isn't interest bad?<ul><li>If you can make more money than the interest, you win</li><li>Tax benefits</li><li>Bank loans cost money, that's the way it works. They are in business too.</li><li>Better to do something than nothing to win</li></ul>What's the finance process like?<ul><li>Apply</li><li>Review credit and terms with agent</li><li>Accept, sign, deliver</li></ul>What's financing vs leasing?What if someone has a lot of other questions?Isn't debt for suckers?<ul><li>Most businesses have debt</li><li>You buy a house with a loan for the long-term benefits (equity)</li><li>Is a car loan for a new and reliable car better than paying cash for a car that will break down?</li></ul>Financing: assets vs liability<ul><li>A machine for business is different from a car</li><li>This isn't just adding to your bills but giving you opportunity.</li><li>Tax benefits</li><li>You own something of real value vs taking on debt for a vacation or new tv</li></ul>Overall, financing isn't complicated, but it feels scary. So is starting a business or buying a house. Those who take the risk are the ones who can be rewarded.Learn more at <a href="https://coldesi.com/financing-options/" rel="nofollow" target="_blank">https://coldesi.com/financing-options/</a>

Episode 187 - Expert Advice on Equipment Financing - John Sullivant of Adia Capital

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Episode 45 Equipment Leasing – with John Sullivant