Low Origination Fee
Origination fee is something that you will come across a lot when looking for information about loans. Thus, it is better that you know what it means and why you should put it into account before you go looking for a loan. Almost all loans will have an origination fee. A few may not have, as their vendors say, but at the end of the day, there will be another hidden charge that could be equal, or almost equal, to the origination fee.
Every loan has a cost, and the origination fee is one of these costs. When calculating the total cost of the loan, you had better include every cent that you will pay for the loan. At Liberty Capital Group, we bring you lenders with low origination fees. If we should find lenders that have no origination fee in place, then we bring those to you as well.
It means no upfront payment, no deposit!
When you take $0 down payment loan, it means that you are not making any up-front payment when you are buying any business equipment. In other words, you are not bringing any cash savings to the table. You don’t pay any portion of money, but you borrow 100%.
Zero down payment offers to give you an opportunity to take business equipment loan even if you don’t have any cash savings. The only downside of this offer is that you will end up paying more in the end. But what is the need of avoiding paying more and remaining stuck for decades or for the rest of your life. You would rather pay more if it will help you in the end.
For a lender to lend you money without you making any down payment, you must have an excellent credit rating. A high credit score is a guarantee that you are a responsible person. The credit score number can speak on your behalf when you are seeking such loan. If you are planning to start or expand a business and you don’t think you can be able to save sizable money to pay as a down payment, then start building your credit score today.