I saw this on Water Blogged - A Blog For Water Equipment Dealers:
"I have received a lot of calls, since the economic melt-down began, from dealers with the same tale of woe. They can still sell water equipment (but it’s tougher) but many of their customers are turned down by their finance sources.
Some customers cannot be financed due to irresponsible use of past credit. However, as the line of acceptable credit scores continues to move up, we will discuss ways to finance almost every customer. If you don’t need these ways because you have financing you are satisfied, by all means stay with it; but for those of you abandoned by financial sources, here are some emergency techniques to consider."
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Now the author's "emergency techniques" range from collecting down payments from customers, to trying local sources of money, or even forming your own finance company.
Worthwhile advice depending on your situation, though I would suggest to keep looking for a financier of your equipment to maintain the status quo. The author even titled their article: How To Finance Almost Every Customer In Tough Economic Times, showing a bit of a penchance for pessimism.
As an equipment finance professional, I am sure that there is a US funding source somewhere that would be more than happy to assist your customers in acquiring a water equipment financing or water equipment leasing, even in these tough economic times. I would also be happy to help you find one.
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