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Tag : leasing the extra mile

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

how to finish big in buisness

By The Leasing Group

What is Your Edge?

Check the Internet any day of the week and you’ll find no shortage of “experts” promoting easy paths to intelligent investing and wealth accumulation.

 

“Follow these seven strategies to achieve investing success.”

 

I’m always surprised by how simple they make it sound, because successful investing is neither simple nor easy.  Becoming a successful entrepreneur isn’t either.  Recently, I found the following list.  Although intended to help navigate the troubled waters of the stock market, this list also serves as a guide for entrepreneurial “wanna-bes.”

 

  1. Find an Edge
  2. Manage Risk
  3. Be Disciplined
  4. Stay Flexible

 

Find an Edge

No company will get far without a solid value proposition, be it price, location, service, experience, quality or whatever else drives its revenue.  Every entrepreneur must discover an edge.  What sets you apart from your competitors?  When you figure it out, go tell the world.

 

Manage Risk

We evaluate options and make decisions everyday, and options carry risk.  The trick is to manage the process.  Before going bankrupt, the Penn Central Railroad bet the company on the future of passenger trains.  That was a big risk.  Penn would have been better off hedging their bet with automobiles and airplanes.

 

Be Disciplined

Someone once told me that a good entrepreneur never does anything between 8:00 and 5:00 that can be done between 5:00 and 8:00.  In other words, working hours are made for selling.  Paperwork comes later.  That takes a lot of discipline.

 

Stay Flexible

Back in 2002, Apple was unprofitable.  Early internet flops tarnished its appeal, its retail stores were viewed as dumb ideas and music-playing iPods were seen, even by some Apple executives, as relatively insignificant.  Worse yet, the Macintosh wasn’t selling.  Thankfully, the company was flexible enough to innovate.  The rest is history.

 

Find a market advantage, manage your risks, be intentional and disciplined, while also flexible.  Maybe you’ll be an Apple too.

 

Leasing Questions? (502) 456-2800

Business Leasing Application Online

More Experience, More Sources, More Approvals

By The Leasing Group

6 ways your local leasing company can go the extra mile for you

You’re a manufacturer who needs to invest in a conveyor system. Or you’re a doctor who’s in the market for some refurbished medical equipment. In both cases, it might make more sense to lease than purchase these items for your business. Sure, you can navigate the complicated waters of lease financing on your own, but that takes times and brainpower that would be better spent serving your customers or treating your patients.

The Leasing Group wants you to know you’re not alone. We can ease the burden of equipment lease negotiation and let you get back to work.

Here are few ways we go above and beyond to help you lease the equipment that enables you to serve your customers.

1. Put your best face forward. The Leasing Group can analyze your financial statements and credit history and present them in a way that will maximize your success. In other words, we know what to look for in your financials that will cast you in the best light to our partner lenders. We know what banks want to see on paper, and we can highlight the most essential information when we plead your case for lease financing.

2. One size does not fit all. We use our years of expertise to determine the best type of lease that will best meet your company’s needs. For example, we can determine if you would best be suited to enter into a capital lease or an operating lease. For accounting purposes, these two types of leases are very different. Both types offer specific advantages and disadvantages. A capital lease works as if you own the asset, whereas in an operating lease, you have usage — but not ownership — rights to the equipment. We can also determine if there are other leasing options available to you that you may not even be aware of.

3. Get help with used equipment. Leasing used or refurbished equipment can be challenging. Financial institutions don’t like the liability involved in leasing items that are not brand new. The terms may be more complex, and the negotiations may be more difficult and involve a lengthier process. The Leasing Group has years of experience with used equipment leasing, and we are specially positioned to smooth out a potentially rocky journey.

4. Get a break on your payments. In our negotiations with lenders, we can work out skipped, seasonal or deferred payments during the term of your lease, which can help ease the financial ebbs and flows of your business. A skip lease, or seasonal payment structure allows you to make payments only during certain months of the calendar year. This option is great for businesses that have seasonal highs or are more cyclical in nature. In a deferred lease payment structure, your payments are deferred for a set period of time so you can generate some income through the use of the equipment you’ve leased. The Leasing Group can help you determine if one of these payment options is best for you.

5. Bundle small leases. If you need several small items from multiple vendors, The Leasing Group can negotiate one lease contract that has a single monthly payment. Bundling is a great option with its own unique benefits. We talked about bundling in an earlier article.

6. Leverage our relationships to your advantage. The Leasing Group’s finance experts have a combined 100+ years of experience, and these veterans have solid relationships with local banks. When The Leasing Group talks, banks listen because they trust us and our track record. We are delighted to be able to leverage those relationships to help you get the most competitive, advantageous equipment lease financing available.

The Leasing Group wants to be a partner for all your lease financing needs. Give us a call at (502) 547-2773 to find out how we can help guide your business through an equipment lease.

business leasing louisville
Leasing…Give Me the Facts not the Myths
how to finish big in buisness
What is Your Edge?