eLease Equipment Leasing

May you live in interesting times.   I am wishing that sometimes I didn’t live in the largest credit crisis in history and then other times I feel blessed to navigate my business in a hard economic cycle.In our business we see entrepreneurs use credit lines as well as term financing without thinking what happens if the bank calls my loan?  I really never thought about either until our bank cut one of our credit lines and gave us 30 days to pay it off.  eLease had the ability to pay off the loan but what if we didn’t?  Would the bank seize your assets and worse yet what if your bank was taken over by the FDIC?  As an entrepreneur you could really find yourself in a tough spot.Over the last 3 months we have received a few calls from customers who utilized their banks prior to us and had their lines of credits not renewed.  Although we would like to help we can’t.   It makes it very apparent to me how important people utilize their credit.  If these customer had used eLease we would not and could not call that note.Although we are a lender we are also a borrower and I am forever changed for the dealing the TARP taking bank who left us not at the alter but at the reception.  May you live interesting times.  Yes we do!