Equipment financing

Discussion in 'Business Fundamentals' started by KevinCarter1988, Oct 9, 2019.

  1. Randall Ave

    Randall Ave PlowSite Fanatic
    Messages: 11,225

    I'm no expert, isn't he co mingling funds?
     
  2. Hydromaster

    Hydromaster PlowSite Veteran
    from 406
    Messages: 3,299

    To get out of it, wouldn’t he need to lease it out to his business or sell it to his business?

    Nevermind , he doesn’t have one.

    I think,, hahahaha, you need to file your paperwork and register a business
     
    plow4beer and Philbilly2 like this.
  3. kg26

    kg26 Senior Member
    Messages: 326

    I disagree, you could be looking at a lot of business upside and need to scale right now.
     
  4. plow4beer

    plow4beer Senior Member
    Messages: 832

    Why aren’t you getting a business loan or line of credit from your primary bank you use? If your scaling up that quick, I would assume you’ve secured work, which in turn would give you something to take to your bank?
     
    BUFF and m_ice like this.
  5. m_ice

    m_ice 2000 Club Member
    Messages: 2,134

    That would be too easy
     
    Philbilly2 and BUFF like this.
  6. plow4beer

    plow4beer Senior Member
    Messages: 832

    lol