"Success
is a journey--not a destination." - H. Tom Collard
It is an all too common practice that entrepreneurs
put forth every possible dollar towards building their business, often
at the expense of other personal finances. In this industry, it
is not unusual to see small business owners taking out home equity loans
in order to have funds for new machines and other equipment. But
what happens in the event of an unforeseen drop in business?
If you own your own home and need to borrow money
for your business, a home equity loan may be an option. As with
any loan, there are risks, but home equity loans are unique in that if
you default on your loan, you may lose both your home and
your business.
If your company is in need of new equipment, leasing
offers an alternative to personal loans. Instead of your entire house
being used as collateral, it is simply the specific equipment that is
being leased or financed. No one likes to think about his or
her own business being in trouble, but the reality is that forces
outside of our control can negatively impact our businesses. It's
wise to be prepared and protect your family. Explore all the
options that are right for you and your company's situation.
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First Star Capital is a
national leader in all types of equipment financing and leasing.
We operate in all 50 states and are currently offering some of the most
competitive programs in the country. Our transactions are
funded both internally with private label lines of credit as well as
externally with some of the most competitive & flexible funding
partners in the nation. These diverse funding resources allow First
Star the flexibility to undertake a variety of transactions. Nothing is
too big or too complex.
For more
information, contact Brad Harmon at First Star Capital (800-604-4817).
First Star
Capital...Tomorrow's Growth Today
