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Equipment Finance

Equipment Finance. By David Ray The guy, The best guy. 2013. What did I, David Ray , the best guy, do for the past semester?. PAPERWORK PAPERWORK PAPERWORK (But not really paperwork.)

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Equipment Finance

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  1. Equipment Finance By David Ray The guy, The best guy. 2013

  2. What did I, David Ray, the best guy, do for the past semester? • PAPERWORK • PAPERWORK • PAPERWORK • (But not really paperwork.) I mainly dealt with DNBI reports and finding credit scores for the scumbags who kept trying to get loans they would never pay off. Seriously, it happened 4 times when I was working during the first week.

  3. Okay, so how did you do that? By simply looking up their DNBI report on the internet. It’s actually a lot easier than you think for people to find information on you as a business. They can check how bad you are at paying back money by checking your scores. Once I have the information telling whether or not your business actually exists and what the business credit and personal credit of the person is, then you email or call a bank as their consultant and put in a good word for the person to get their loan.

  4. What kind of businesses did you (attempt to) help get financed? • A hospital that needed an MRI machine. • Two trucking companies in need of new trucks. • A “shoe shining” company. (Turned out to be fake.) • A sports shop in Minnesota. • 3 Auto Repair companies. • 5 Gas Stations. (3 of which were fake.) • 2 Startup businesses. (These hardly ever get loans unless they have prior experience in the area of work.) • A Clinic in Baton Rouge in need of new breathing machines. • A boating company. • Several restaurants in need of cookers, washers, and other appliances. • And quite a bit more of random companies in need of random things. (And quite a few chumps with cruddy credit.)

  5. How do Equipment Financers get paid then? Equipment financers get paid by the bank based on commission. The job of the supervisor is the milk as much commission out of a deal as he can get. And as bad as that sounds, it’s actually an excellent method of getting paid. Especially when you can get several commissions going at once and really rake in the cash.

  6. What book did you read? Well, considering that there aren’t many books you can find about Equipment finance…I read my step-dad’s training guide that he used during college. (Trust me. This thing was huge.) It detailed how long Financing had been an actual job and various laws and requirements you must go through nowadays in order to legally be an Equipment Financer.

  7. What did you like most about iQuest? Well, I liked how outgoing and interesting all of you were to be around. You really made me come out of my shell a bit and I think that was good for me. I’d like to thank you guys for being so friendly and fun to be around on Tuesdays. And I’d like to thank Mrs. Sekera for being patient and understanding during the starting weeks. We had a big issue with what I was going to do for my mentorship but we finally got it together.

  8. What did you like about iQuest? (Cont.) I liked being able to blog, even though I didn’t do it too often because the work I was doing wasn’t exactly “interesting” enough to make for a good blog. What I didn’t like…? I honestly can’t say I really disliked anything. Nothing really bothered me. I’m sure that the kids in iQuest next year will have a great time and hopefully learn a lot.

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