GRAPHICS PRO

October '21

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1 1 6 G R A P H I C S P R O O C T O B E R 2 0 2 1 G R A P H I C S - P R O. C O M PRODUCTHIGHLIGHTS "If a client tells me they want to borrow money and pay it off in six months, I will say you can do that, but this is not a princi- pal-only loan and you will end up paying part of the interest," explains Colling. WHAT TO KNOW WHEN APPLYING FOR FINANCING Bourdon encourages businesses wanting to make expensive pur- chases to get their financial ducks in a row before they approach a bank or a company like his that offers equipment financing. Gath- er any documents that prove how long your company has been in business, including old tax returns or a business license. Lenders also look at a company's business cred- it, so it is important that business owners check their information at Dunn & Bradstreet for inaccura- cies or missing information before applying for financing. Businesses might be asked to provide two years of tax returns and information on debt sched- ules to show what other payment obligations they have. Lenders want to make sure a new payment won't cause a business too much financial stress. Bourdon also recommends business owners make sure their personal credit report is accurate. "As soon as you decide to pur- chase equipment, think about how to pay for it early. It will make it that much easier to get the best deal on financing, to pull the trigger and make that hap- pen," advises Bourdon. GP PAULA AVEN GLADYCH is a freelance writer based in Denver, Colorado. She can be reached at pgladych@gmail.com. Welcome to the PRODUCT HIGHLIGHTS section where each month we offer you resources to enrich and ex- pand your busi- ness with great services and products from our advertisers. Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Financing Available Through Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Geneva Capital Turn to pages and to nd out more > ELEVATE YOUR FASHION AND APPAREL FULFILLMENT BUSINESS

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