Tips for Navigating the Current Equipment Financing Environment

If you’re soon going to be in the market for some new equipment, here is what you need to know about the current lending environment

Have you priced out new equipment lately? Talk about sticker shock.

Equipment prices jumped during the pandemic — sometimes 30% to 40% — and remain high. Interest rates climbed also. Loan rates previously at 5% increased to as much as 9.75% in 2023, says Jim Thomas, owner of Key...

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