Q.
Is Firestone Financial related to the Firestone Tire Company?
A.
No. Firestone Financial traces its history to a company
established by Boston attorney Paul Firestone who made loans
to equipment users in need of financing.
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Q.
How long has Firestone Financial been in business?
A.
Firestone Financial has been in continuous business operating
under the same management since 1965.
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Q.
What industries does Firestone Financial serve?
A.
Firestone Financial is a source of equipment and inventory
financing for manufacturers, distributors and operators
of income-generating equipment. We have a strong reputation
and extensive experience in the coin-operated amusement
and vending, entertainment, carnival and ride equipment
industries.
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Q.
Why is it important that my lender have a long history of
providing financing in my industry?
A.
Financing income-generating equipment is our specialty --
we understand it better than any general-purpose lender
or recent industry entrant -- we have been at it since 1965!
This experience enables us to design financing programs
that help manufacturers, distributors and operators grow
their businesses. We are committed to our industries and
will work with you during the good times and the bad.
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Q.
Is it important that my inventory finance source have strong
relationships with the manufacturer whose products I sell?
A.
Yes, it is very important. Because of our long-standing
relationships with the major manufacturers, we are able
to structure inventory-financing arrangements that speed
the flow of equipment and funds.
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Q.
What differentiates Firestone Financial from other lenders?
A.
We understand your business! Unlike banks and other lending
institutions, we have the experience and depth of knowledge
in the industries we serve to create financing programs
specifically tailored to your needs and the cash flow characteristics
of the equipment financed. We stay in touch with the changes
that occur during each business cycle. Our personalized
service philosophy allows us to extend ourselves on your
behalf -- whether it be in rapidly responding to credit
applications, immediate funding upon receipt of properly
executed transaction documents or working with you during
good times and bad to help you manage your business.
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Q.
Can I get the equipment I need now and pay when my cash flow
permits?
A.
Yes. We work closely with manufacturers and distributors
to create equipment financing programs that pay them in
full for the equipment, while structuring payment arrangements
to you that are tied to the anticipated cash flows to be
generated by the equipment.
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Q.
How long will I have to wait for a decision on my application?
A.
Upon receipt of complete credit information, our credit
department makes every effort to assure that credit
approvals are made immediately. Unlike many other lending
institutions, we process credit applications and approvals
every day throughout the day.
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Q.
When does funding occur?
A.
Funding occurs immediately upon receipt of properly executed
transaction documents. Our customers have come to rely on
receiving their funds when promised.
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