View Full Version : Loan for WASCOMAT equipment through VIKING
09-10-2003, 12:02 AM
Does anyone have experience with VIKING Financial for purchasing Wascomat Equipment? Is there a better place than Viking?
09-11-2003, 03:49 AM
I have never heard of VIKING financial, but I would make sure your business plan is perfect, and then hit up some banks. We got funded through the American Credit Corporation, but I think your first stop should definitely be the SBA (Small Business Administration). They are affiliated with the government, so I begin all of my research with them whenever I have questions about something. They are able to provide you with the most current, legal information available. And they also warned me about scams (such as grant scams; I had heard that it was easy to get a business grant for minority and women-owned businesses. However, I have learned that many companies try to sell you grant information that leads you to nowhere, because there really are no grants available through the government for small businesses, regardless of who owns the business.)
The SBA wants small businesses to succeed... they are very helpful in helping obtain funding as well as telling you if you are in over your head.
09-11-2003, 12:20 PM
I think Viking is a branch of Wasomat. I recently applied, but I never followed through with it due to a coinflict on my end.
They only deal with the distributor for setting up the loan. If you call and ask for information, they'll tell you to call the distributor. You can d/l the app. off their website. Fairly exhaustive application.
They only charge simple interest, not compound interest.
When I was asking around a few months ago, several people told me they are great. Once instance, a fellow told me he was WAY behind in payments and called them up to discuss it. They said, "How can we help?"
09-11-2003, 12:30 PM
Viking is great to work with, straight forward and to the point. Reasonable rates, simple interest calculations, no penalty for early payback. So far I have financed 2 stores and 2 equipment upgrades thru them without any issues whatsoever. Highly recommended...