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Archive : June 2014

business leasing louisville

By The Leasing Group

Leasing…Give Me the Facts not the Myths

Businesses often tell us how surprised they are to discover how quick, easy and flexible lease financing can be.  They also comment on rates, asset encumbrances, purchase options and other variables related to equipment financing.

 

Here’s what they say about leasing after they discover the facts:

 

Lease End Purchase Options – “With a lease we can choose either a $1 purchase option or a stated purchase amount approximating fair value.  It’s nice to know the exact cost of either option before we make a decision.”

 

Encumbrances – “Bank loans come with strings attached, specifically covenants and UCC filings against everything we own.  Leases are typically secured only by the leased equipment, no other company assets.”

 

Soft Costs – “It’s good to know our lease can include IT software, equipment delivery, installation, sales taxes and other soft costs.    We wish we had known this sooner.”

 

Rates – “Manufacturers and suppliers provide quick and easy equipment financing, but often at high rates coupled with a variety of fees.  Local leasing companies are much more competitive.”

 

Simplicity – “We want quick response to our questions from knowledgeable people who care.  We’re much too busy to fool around with inefficient and unresponsive long-distant voice mail systems.  That just creates another hassle.”

 

These businesses are correct.  That’s why they stick with The leasing Group.

 

“The Leasing Group partners only with local community banks, so rates are always reasonable.  They cap purchase options, include all associated costs, respond quickly to questions and concerns and never tie up other company assets.  We’re sticking with them.”

 

 

Leasing Questions? (502) 456-2800

Business Leasing Application Online

More Experience, More Sources, More Approvals

buisness advice

By The Leasing Group

Popping the Student Loan Bubble

I usually cringe when I read about Elizabeth Warren advising the Secretary of the Treasury, chairing a Presidential oversight committee or crafting legislation in the Senate.  As chief architect of the Consumer Financial Protection Board and its founding leader, she and the CFPB have harmed community banks, created mountains of bureaucratic red tape, hurt borrowers and done virtually nothing to protect consumers.

 

Now Warren is weighing in on the student loan problem.  On the surface, lowering interest rates and capping monthly payments sounds great.  No one, including me, wants graduates to be saddled with so much debt that they can’t start families, buy homes or create businesses.  But Warren’s proposals don’t address the root causes of this $1.2 trillion crisis.

 

The issue is directly linked to two very bad policies:

 

  1. Easy student access to credit without spending controls.  In other words, students are permitted to borrow for purposes beyond tuition, room and board.  Without controls, loans pay for night lives, smart phones, cars, sporting events and all sorts of non-educational endeavors.
  2. Little oversight of or limits to education cost increases.  Generally, public and private institutions alike do a poor job of controlling their costs.  They don’t have to as long as the government loan program will pay.  Additionally, “for-profits” schools routinely enrich themselves at student and tax payer expense receiving a disproportionately high number of loans coupled with high loan defaults.

 

Warren’s proposed solutions create more problems than they solve because they don’t address the real issues.  If we’re going to deal with our student debt problem, we must address the reasons for the problem, not simply lower payments on loans way too high in the first place.

 

 

Leasing Questions? (502) 456-2800

Business Leasing Application Online

More Experience, More Sources, More Approvals

business advice

By The Leasing Group

Boomerangs and Business

Have you ever thrown a boomerang, one of those funny shaped pieces of wood that promises to come right back?  I was eleven or twelve the first time I threw one.  My first toss looked more like a wounded duck than a graceful swan, crashing well before making its turn.  On that day I learned that boomerangs will not come back unless they are thrown exactly right.

 

Generosity is kind of like that.  Whether we give our time, talents or resources, generosity is best expressed without expectation of personal gain.  We should give for the right reasons, especially in business.  Here are three opportunities:

 

  1. Introduce a customer or associate to another customer or associate.  The connection might be magic for them.  Just don’t ask for even a hint of compensation in return.
  2. Give valuable advice in your area of expertise.  Share your knowledge with those who might benefit from it without secretly hoping you’ll get paid or make a sale.
  3. Serve on a non-profit board.  When you do, don’t show up to meetings to network in hopes of building relationships which might one day payoff.  You’re there to serve, so lose all selfish motivation.

 

We only experience the boomerang effect when our gifts are offered without any expectation of return benefit.  That’s when they surprise us and become something truly powerful.  That’s also when our generosity moves us away from lives of self absorption, creating space for heart and soul to flourish.

 

Leasing Questions? (502) 456-2800

Business Leasing Application Online

More Experience, More Sources, More Approvals

business leasing louisville
Leasing…Give Me the Facts not the Myths
buisness advice
Popping the Student Loan Bubble
business advice
Boomerangs and Business