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14: Financing The Smart Way with Josh Penman of American Financial Partners
Manage episode 407759997 series 3563718
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Go into your local or national bank and ask them about financing a new spray foam rig and be prepared to get a blank stare. That's why each week the R-Value podcast brings in experts in the industry to give you the most specialized information around.
This week is no different. Travis, Don and Aaron welcome Josh Penman, National Business Development Manager for American Financial Partners (AFP). Josh works with new and existing businesses to meet their financial needs, and the most importantly, he knows the industry. AFP offers up to 100% financing on terms up to seven years.
Josh shares his experience and guidance on what type of equipment can be financed, the best time to finance, how to get the best rates, how quickly you can get approved, and what financing looks like right now as we look forward to the recovery post-Covid-19. Trade in blank stares for someone who cares.
3:14 - Why you should choose AFP
9:17 - Dealing with COVID-19
11:56 - How to prepare for the recovery? Should I finance?
14:00 - Appreciating the value of family time
17:22 - How to set yourself up for the best financing
18:55 - Don's not-so-dumb question
20:40 - How quickly can I be approved for financing
22:06 - Remember lead time for the rig
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