New Resource for Borrowing & Lending

(May 25, 2022) - SC&RA is pleased to announce a new, free members-only resource for the industry, Best Practices in Specialized Borrowing & Lending. The SC&RA Lending & Borrowing Task Force, led by Chair Tonya Fry, Harry Fry and Associates, with input from other SC&RA members from prominent lending and borrowing member companies, finalized the paper earlier this month. The resource covers 8 different areas to consider when financing a new piece of equipment including: 

• Private party sale vs. dealer/manufacturer
• Wiring funds
• FASB vs. IRS Rules
• Government loans and forgiveness (PPP/SBA/EIDL)
• Understanding the indexing portion of quotes
• Rate locks
• Rent to sell vs. permanent rental.

To access the Best Practices, click here. For more information, contact Jason Bell.