I recently ran into an old friend of mine, Fred, who has been working in the finance industry. He was actually the person who helped me get my hands on a few of the cameras I own when I needed to get started.
When I was only 23 years old I had no idea how I would ever be able to start photography, nor did I ever even dream of having an awesome blog. It wasn’t until I met Fred that I had a hope and my dream of some day becoming a “super photographer” would become realized.
I was checking out Fred’s website recently, and here’s a quick little excerpt from one of his articles:
Equipment Financing or Equipment Leasing is available to companies that with to purchase assets and wish to spread the payments over the useful life of the asset rather than making a large cash outlay at the time of acquisition. This financing Program can be used for both hard and soft assets. To qualify for this Program the company needs to be able to service the payment and this will be calculated using the “debt-service” ratio which is simply the ratio between the amounts of funds your company has coming in each month and the amount of monthly payments the company has obligations to pay.
Business Equipment Financing or Business Equipment Leasing can get you the equipment you need today and you will be able to pay it over time. In effect you will be spreading the cost of the Business Equipment Purchase over the useful life of the asset.
You can find more on that article at his website here. I’ve come to find that he’s got a lot of information that could be extremely useful for any startup companies, not just photographers and videographers.
In conclusion, I just want to say thanks again to IMM Financial and all my buddies over there for the help they’ve provided me with. I look forward to doing future business with them!