Shipping Container Ideas and Articles
Shipping Container Finance
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A secured loan is a loan that's secured by the value of the underlying asset, in this case the shipping containers. Due to the amount of underwriting and paperwork most banks wouldn't want to provide a secured loan for a small number of containers. The issue many banks have with providing a secured loan is determining the initial value of the containers, and the residual value at the end of the lo ...
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We previously discussed the first parts of setting up a storage container business, which included the planning and business plan creation. The next steps in starting a storage company with shipping containers are where the hard work kicks in.
The first stages of getting a storage company up and running are heavily involved with planning and market research, once these hurdles have been crossed, i ...
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Many people don't like to throw things away because of real, or perceived, value; and when the run out of room at their home to store things the overflow needs to go somewhere. This place called “somewhere” creates business opportunities for many people around the country that own storage companies. The question that we're asked on a regular basis is, “how do I start a storage co ...
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Shipping container finance is a large industry that’s controlled by only a hand full of companies, and these companies are structured with both debt and equity to provide an optimal return to their investors. Who are these investors? Typically the investors are hedge funds, private equity firms, pension funds, or wealthy family houses. Despite what some companies will have you believe, it is ...
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Attaining financing for any home, let alone one built with shipping containers, can be a challenging task; since shipping container homes are considered “nontraditional housing” they usually carry an extra level of scrutiny when being reviewed by a mortgage underwriter. A purchaser or builder can have a great credit score, but the issue doesn’t sit with the credit worthiness of t ...
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The price of a shipping container can range from around $1000 to $4500, depending on the condition and size of the container - Obviously, new 40' containers are going to cost more than a 10 year old 20' container. With a few exceptions, most companies that sell shipping containers don't provide financing options or payment plans when purchasing shipping containers, so the options are either pay fo ...
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If you're planning on buying a new or used shipping container and don't have the couple thousand dollars on hand to pay for it and have it delivered, you might want to check into financing the container through a loan. While the smartest way is to pay cash up front, it's common for people to get a loan through their bank, pay for it on a credit card, or work out a "rent to own' deal with the selle ...
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There are challenges to financing any new business, and if you're planning on building a storage facility with shipping containers it's no exception. The benefits to building with containers is obvious, using containers saves a great amount of construction time, and its really easy to scale up the facility as demand grows; unlike a traditional building which typically needs to be built all at ...
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Shipping lines that lease containers have several leasing and financing options available to them, and these options are designed to provide the greatest amount of flexibility and quickest access to containers as and where the units are needed. Previously, we discussed how shipping lines can opt for acquire containers through finance leases or operating leases, and we've also discussed how a shipp ...