Short YouTube conversation (Q&A) in which Jayson Lowe responds that equipment financing is often difficult even for profitable businesses because lenders impose their own arrangements and approval processes. Lowe advocates the infinite banking concept as a way for business owners to regain control, reduce friction, and access capital on their own terms.
So based on those three ways they can finance, would you say is it hard to get equipment financing?
Would I say that it's hard to get equipment financing? I think in many cases it is. Even when a business is operating in profit and has good free cash flow, there's still a process where you have to jump through hoops to qualify for the financing. The arrangements of the financing are someone else's arrangements, not the business owner. So the business owner is not an position of total control. Business owners love to be in that position of total control. They want access to capital. They need the access when the inspiration strikes, when the opportunity strikes, when the business plan calls for it. And they don't want to wait for someone else's bank to be ready to provide them with that capital when they need it the most. And so when these business owners embrace the infinite banking concept, they're stripping away all the irritation, the tension, the friction, the frustration commonly associated with financing. They're putting themselves in a position of total control, and it just creates a real, peaceful, stress free way of operating their company.
