Frequently asked questions about equipment financing
Ready to upgrade your business tools? Our comprehensive FAQ guide covers everything you need to know about equipment financing, from application requirements to repayment structures.
8 reasons why you should NOT use Kolo
Let's explore the different reasons why you shouldn’t make use of your Kolo account or encourage your family and friends to do so.
What to do when you cannot repay your loan on time
Missing a loan repayment deadline can be stressful, but how you respond matters more than the setback itself. The best first step is to contact your lender early, explain your situation, and explore available options such as extensions, restructuring, or revised payment plans. Ignoring the issue can lead to added fees, damaged credit history, or aggressive recovery actions. By acting quickly and communicating honestly, borrowers can often reduce the impact and work toward a manageable solution.