February 12, 2012

Obtaining Equipment Financing When Credit is Bad

A visitor sent this question through our Consult Your Guides, a free service to PowerHomeBiz.com newsletter subscribers:

I am co-owner of a small print shop in Chicago. We’ve been in business for about two years now and are really close to becoming full time. There’s one piece of equipment that would definitely push us over that edge and get us running full time but it isn’t in our budget. We’ve talked to several equipment leasing companies who said that our business credit and past bankruptcies would not be a problem. Then they turn around and decline for a lack of business credit and past bankruptcies. We talk to a financial expert who said that for the amount we need ($16,000) we shouldn’t have any troubles. So what now? – Kenton Franklin, IL

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About Isabel Isidro

Isabel Isidro is the co-founder of PowerHomeBiz.com. A mom of three boys, avid vintage postcard collector, frustrated scrapbooker, she also manages WomenHomeBusiness.com and LearningfromBigBoys.com. Follow her on Twitter and connect with her on Google +


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