Category: FAQ

Equipment Finance 101: Types of Finance Agreements

There are many different types of equipment finance agreements available to the modern finance manager, executive or business owner. Learn the differences between them with our simple guide, below: EFA: An EFA, or equipment finance agreement, is a type of business loan where the customer takes ownership of the equipment upfront, and then pays the […]

Understanding Business Credit Processes: Terms & Credit Lingo

Understanding Business Credit Processes: Terms & Credit Lingo Many have asked for a brief rundown of the terminology and “lingo” used during the business credit process. This informative piece is to help bolster your credit knowledge, so that you can discuss the finance process confidently. TIB – Time in Business Not surprisingly, this is one […]

FAQs about Equipment Finance & Insurance

With the help of our Insurance Manager, Marilyn Hankerson, we’ve put together a basic insurance overview of what your customers can expect after purchasing equipment with financing. Just like an auto loan or lease, equipment being financed through a lender (First Western Equipment Finance) must carry insurance. Oftentimes, businesses and other organizations have policies that […]