TEQlease Commercial Finance Team Finances Link Belt Excavator for King Trucking, Inc.

King Trucking, Inc., a residential and commercial excavation and trucking company located in Eastford, Connecticut, has completed a Link Belt excavator lease financing with TEQlease Commercial Finance to more effectively and efficiently handle smaller jobs that larger excavators necessarily wouldn’t be able to complete. “TEQlease is a good company to work with,” said Douglas Anderson, President of King Trucking, Inc. “Luis Carmona and the TEQlease Commercial Finance team worked very well with us. We structured the lease specifically based on the type of equipment we were acquiring. TCF then worked with the vendors we had selected and paid for the equipment.”

King Trucking Company, Inc. was established in 1962 and the business has remained in the family for generations. Currently and since 2002 the business is owned and operated by the grandchildren of founder Otto King.

TEQlease Commercial Finance has a unique focus on providing equipment financing solutions to small and medium sized businesses and educational institutions. Founded in 2000, the company is based in Calabasas, California. Learn more about TEQlease Commercial Finance by visiting our web site here.

TEQlease Commercial Finance Team Finances Sawmill Machinery for Peter C. Herman, Inc.

Peter C. Herman, Inc., a large family-owned timber business in Marion, New York, has completed a sawmill machinery equipment lease financing with TEQlease Commercial Finance to realize efficiencies in its pallet manufacturing division. “TEQlease demonstrated flexibility and a good understanding of our businesses,” said Matt Herman, CEO for Peter C. Herman, Inc. “Eddie Manzanares and the TEQlease Commercial Finance team worked very well with us. We structured the lease specifically based on our vendor reimbursement requirements.”

Peter C. Herman, Inc. is a family-owned timber business based in the heart of upstate New York, serving Rochester, Buffalo, Syracuse, Albany and the surrounding areas, specializing in new and recycled pallets, new agricultural boxes and wooden crates made from the logs and timber harvested throughout the state. Peter C. Herman, Inc. was established in 1969 as a pallet recycling company by Peter Herman. Since then, Peter’s son Matt has grown the company to become one of the leading and most respected pallet manufacturers in the Rochester, NY region. With over 50 employees working at its massive 37 acre facility, the business services all of upstate New York, from Buffalo in the West to Corning in the south to Syracuse and Albany in the east. Peter C. Herman, Inc. sells direct to factories, warehouses, farmers and companies of all sizes.

TEQlease Commercial Finance has a unique focus on providing equipment financing solutions to small and medium sized businesses and educational institutions. Founded in 2000, the company is based in Calabasas, California. Learn more about TEQlease Commercial Finance by visiting our web site here www.TEQlease.com

TEQlease Commercial Finance Team Finances Audio Visual Equipment for Musician’s Institute

Musicians Institute, a college of contemporary music that offers a variety of educational programs in Hollywood, California, has completed an audio visual equipment lease financing with TEQlease Commercial Finance to create the Live House, a brand new, state-of-the-art performance complex, which will be a concert venue for student and outside artist performances. “TEQlease is a good company to work with,” said Kengo Kido, CFO for Musician’s Institute. “Eddie Manzanares and the TEQlease Commercial Finance team worked very well with us. We structured the lease specifically based on the type of equipment we were acquiring. TCF then worked with the vendors we had selected and paid for the equipment.”

Musicians Institute is dedicated to developing students’ creative skills and natural talent, providing them the tools to develop careers as musicians and music industry professionals. Musicians Institute offers a complete education in every aspect of the music industry, including instrumental performance, DJ & producing skills, composing for video games, audio engineering, guitar building, music business, and training in the latest music technology. Through real-world experience and guidance from working professionals, students can earn a variety of degrees and certificates, while taking advantage of networking opportunities at its state-of-the-art Los Angeles campus.

TEQlease Commercial Finance has a unique focus on providing equipment financing solutions to small and medium sized businesses and educational institutions. Founded in 2000, the company is based in Calabasas, California. Learn more about TEQlease Commercial Finance by visiting our web site here here

Millville & Vineland Charter Schools: A Supportive Environment for Students

Vineland Public Charter School is a kindergarten through third grade school located in Vineland New Jersey. It’s sister school—Millville Public Charter School—is a kindergarten through seventh grade school located in Millville New Jersey.

Millville Logo

According to Douglas McGarry, board member and CFO, ““We want to provide a nurturing, supportive, creative and actively engaging environment for students that facilitates the development of well-educated and responsible young adults with a lifelong love of learning. Having updated technology is part of our mission.”

To accomplish this, both schools, in need of technology equipment, entered into a three-year Chromebook lease with TEQlease Education Finance. CDW-G was selected by both schools to provide the equipment, which included new chrome books, laptops, charging carts, and other accessories.

“TEQlease Education Finance is designed to assist educational institutions that need capital to meet their goals. We are pleased to be able to assist Millville and Vineland Public Charter School in this technology acquisition” said Mike Lockwood, President of TEQlease Education Finance.

TEQlease Education Finance has a unique focus on providing financing solutions to educational institutions. Founded in 2000, the company is based in Calabasas, California.

Learn more about TEQlease Education Finance by visiting our web site here.

If you’d like to schedule a conversation with one of our education financing specialists, click here.

TEQlease Capital Announces Hiring of Industry Veteran

TEQlease Capital, a provider of equipment lease financing solutions for businesses and educational institutions across the United States, today announced the hiring of industry veteran Doug Hall.  Doug will be joining the team as a Business Finance Specialist heading up the company’s Hospitality Division.

Doug has a strong background in offering  variety of financial solutions to both small businesses and large corporate clients.  His background includes some of the largest financial institutions in the world.  He holds an MBA from Crummer Graduate School, and a Bachelors of Arts degree from High Point University.

“We are excited to have Doug join the TEQlease team,” said Brian Link, TEQlease Vice President.  “Doug’s knowledge of the industry and strong background is going to play a vital role to our ongoing success.”

About TEQlease Capital
TEQlease Capital is a nationwide provider of equipment lease financing solutions across all industries, including manufacturing, education, distribution, financial services, agriculture, and retail organizations. TEQlease Capital customers include Fortune 500, medium-sized, and small businesses. Founded in 2000, the company is based in Calabasas, California. For more information, visit http://www.teqlease.com, call (818) 222-1006, or visit us on the web at www.teqlease.com

Resolutions, Social Capitalism, and the Death of the PC

Resolutions

45 percent of Americans usually make New Year’s resolutions according to research from the University of Scranton and reported by Statistic Brain. However, by the end of January 64% of resolutions are still being kept but that number slips dramatically to 46% at the end of six months. But what about your business resolutions? Mike Maddox believes that business resolutions are essential for success and  writes about them in his Forbes article “Ten Resolutions the Most Successful People Make and Then Keep.” Topping his list at number one and number two are:

#1 Spend more time on the not-to-do list. Strategy is the art of sacrifice. That’s why you may consider creating a larger clearing for what really matters by first identifying, and then avoiding, what matters the least. Your time is a treasure to be invested. Creating a list of things that you are not going to do, allows you to invest more of your treasured time on the few things that matter the most.

#2 Essential first, email second. What’s the first thing you do in the morning? For many of us, it is looking at email. We wake up with a renewed mind and spirit, ready to take on the world, and then we immediately allow ourselves to be distracted by an insignificant email. Instead, wake up, take on the most important task of the day, and then (and only then) hit the email.

Social Capitalism

Do you want your business to become one of the most admired in the next ten years? If so Gartner’s research says your business will need to change to being part of the “social capitalists”. Gartner reports in “Maverick* Research: Capitalism Goes Social, or How Technology Will Enable the 99% to Change Your Business Forever”:

CIOs and business leaders must understand how a new breed of social capitalists will exploit technology to disrupt their industry segments, according to Gartner, Inc. As the gap between the rich and the poor in developed economies grows, money, wealth and power are becoming increasingly concentrated in the hands of a small number of individuals — the “one percent” — while the other “99 percent” is increasingly using social media to collaborate, campaign and agitate against perceived inequities, leaving many management teams feeling under threat.

According to the research, “A key aspect of capitalism going social will be the use of social and mobile technologies by business to change the way it interacts with the 99 percent, bringing them inside the four walls of the enterprise to become part of the organization’s processes, rather than keeping it at arm’s length.”

“Capitalism going social is a reflection of the wider societal changes that are happening in the 21st century. These changes cannot be ignored, although their impact will vary by industry and organization. IT and business leaders must identify how soon their industries and companies will be affected by these changes,” said Nigel Rayner, research vice president at Gartner. “

The Death of the PC

Speaking of predictions, Business Insider predicts that by 2015, fixed PCs will be a small minority of Internet connected services. What’s the evidence? According to Business Insider’s research:

  • PC Sales have been flat since 2009
  • Smart phone sales are bigger than PC sales
  • Growth in computer sales is from tablets
  • More adults want to buy a tablet than a computer
  • People who own iPads are using them more as time goes by
  • Tablet sales will pass notebook sales this year

Will this prediction affect your future computing decisions?

10 Tips for Optimizing LinkedIn for Your Business

Although LinkedIn may not catch as many headlines as Facebook, it is a pretty powerful business tool today with 161 million users. LinkedIn trails only Facebook and Twitter in popularity but is the only one of the three to concentrate on business professionals. According to LinkedIn, “As of March 31, 2012, LinkedIn counts executives from all 2011 Fortune 500 companies as members; its corporate hiring solutions are used by 82 of the Fortune 100 companies. More than 2 million companies have LinkedIn Company Pages.”

With statistics like that, isn’t it time to make sure you are using LinkedIn to its full potential? Here’s how.

  • Complete your LinkedIn profile. If you are not yet on LinkedIn, sign up and fill out your profile. Make sure to fill it out completely and also add a picture of yourself. A complete profile makes it easier for potential partners, customers and prospective employers to find you.
  • Don’t neglect your headshot. If your ultimate goal is to seal the deal LinkedIn profiles that have a photo are “seven times more likely to be viewed” according to Nicole Williams, LinkedIn’s Connection Director. Also, make sure it is a professional photo and a recent one at that.
  • Customize your LinkedIn URL. LinkedIn assigns each profile a URL with a bunch of numbers and texts in it. To get a clean URL you can customize it for your public profile which will help Google bring you up more quickly in a search. Go to “Profile” page and then select “Edit” next to “Public Profile.” Select the URL you want.
  • Make sure to create a “Business” page. The LinkedIn business page is a good way to publicize your business to your LinkedIn connections.
  • Add some recommendations. On LinkedIn the recommendations you receive really set you apart from others and make you appear more credible. And the easiest way to ask for a recommendation of a customer, partner, or employer is by first writing one for them. Make sure you get at least three recommendations.
  • Add your connections. Often, people begin their profile and stop before completing it. Nothing looks worse to someone who comes across your name and sees the bare minimum. In addition, they also see that you have no connections. Take the time to make sure everything about your LinkedIn online presence is professional. To simplify adding connections, you can select “Add Connections” and LinkedIn can send out invitations to those you correspond with through email or you can enter the email addresses of your contacts.
  • Don’t forget to add a widget for your blog to your LinkedIn profile. Your business blog is a great way to show your connections and prospects that you are in expert in your field. There are widgets for both WordPress and Bloglink platforms.
  • Showcase your favorite presentations. In addition to sharing your blog posts, the Slideshare app allows you to add your favorite presentations to LinkedIn. Have a new product you are launching? Make sure to add the product presentation here.
  • Join groups on LinkedIn. By joining groups on LinkedIn in your industry you can meet others in your field and potentially add them as contacts as well. Also see if your alumni group is there as well. Google lets you join up to 50 groups.
  • Make use of your personal updates. Have something to share with your connections like news about your company or something you would like to promote to your connections? Add it to the update box along with a link. This is then automatically shared to all your connections. In the event a connection comments on your post or likes it, your post is then shared among their connections.

How to Use Twitter Search for Your Business

The number of adults who use Twitter daily has quadrupled over the last 18 months according to Pew Research. It’s no secret that many businesses are utilizing Twitter now to build their networks, engage with influencers and increase their bottom line. A good way to optimize your Twitter experience is by using Twitter search. Here’s how.

What is Twitter Search?

Twitter is a powerful real-time dissemination platform. With Twitter’s search engine you can see in real-time what is breaking in the news, what is being discussed across the globe, what discussions and chats are being held, what your competitors are up to, and what your customers are saying about you. Why is this important? Because Twitter is transforming how we get information and whom we get it from.

Why Use Twitter Search?

Are there important influencers that could help take your business to the next level and do they participate on Twitter? If yes, then you definitely want to be following them and looking for opportunities to interact. If your business is interested in knowing what’s happening when it is happening then you want to add Twitter to your search repertoire. If you rely only on Google you may be missing some great opportunities. Do you want to establish your business as a company that is an expert source in your industry? Twitter can help with that too.

The Mechanics

You can search directly from Twitter by typing in your search term into the search box on the upper right side of the screen. Another easy way to search is by using https://twitter.com/#!/search-home . You can search on any possible term and see instantly what is being said about it in real-time on Twitter. Want to know what’s happening at a local sporting event that your child is participating in? Chances are if you search on the event in Twitter you may be able to find a Twitter conversation about what is happening right now at the game.

In addition, you can also search on hashtags (i.e. #smallbusiness). Many Twitter users label their tweets using hashtags so their tweets can reach a broader audience of people to join in a Twitter conversation. For example, if I had a software business that was addressing the problems around big data I would search on #bigdata. Many entertainment programs and news programs also use hashtags to spread their messages further and be easier to track.

Advanced Searches

If you want to drill down even deeper into your searches you can use https://twitter.com/#!/search-advanced. By using advanced search you can hone into searching by words, people and or places. Advanced search also lets you search on sentiment of the tweets themselves as well as on questions and retweets, which will help you further refine your searches.

Winery Expanding Manufacturing through Equipment Leasing with TEQlease Capital

Oak Mountain Winery, located in Temecula, California, has recently secured equipment lease financing through TEQlease Capital for new champagne tanks and will also be adding new bottling equipment. With the new equipment in place, Oak Mountain Winery will be expanding their winery business even further and will be offering their winery manufacturing services to three local wineries. You can learn more about the wines they offer at http://www.oakmountainwinery.com/.

Banks More Competitive For Commercial Loans

A quarterly survey of senior loan officers by the Federal Reserve found that in the April survey, a “modest” number of banks reported having eased their lending standards and having experienced stronger demand over the past three months. Standards on commercial loans to large, middle-market firms, and small firms, were about unchanged. However, a “moderate” number of banks eased many terms on commercial loans to firms of all sizes, with most indicating that they had done so in response to more aggressive competition from other banks or nonbank lenders. Fewer than half of the banks that reported having eased standards attributed the change to an improved or less uncertain economic outlook.

Banks also reported an increase in demand from firms of all sizes, for the second straight survey. Banks also reported that the number of inquiries from potential business borrowers regarding new or increased credit lines increased. Banks reporting stronger demand cited shifts in borrowing from other bank and nonbank sources, as well as increases in customers’ funding needs related to inventories, investment in plant or equipment, accounts receivable, and mergers and acquisitions as important factors underlying the increase. Banks reported that their credit standards on commercial loans to both large and middle-market firms and to small firms were little changed over the first quarter of 2012.

It is no secret: banks are competing for high grade loans, and rates are low.  While this continues to be good news for high grade borrowers, less-than-perfect borrowers are seeing only little relief.  Now if I could only figure out how many banks constitute a modest versus a moderate number as far as the Federal Reserve is concerned…and credit crisis solved.