It’s been widely reported that this signifies the Fed’s confidence in the improving US economy.  This change affects milliions of Americans, including business owners making plans for 2017.

The Fed also indicated that we should expect 3 more rate hikes in 2017.

“This is both good news and bad news” said Mike Lockwood, President of TEQlease.  “It’s good news that most people expect the economy to continue to improve.  But it’s bad news if businesses don’t use fixed-rate, fixed-term financing whenever possible.  This should be factored in to planning decisions for the new year.”

TEQlease Capital has a unique focus on providing solutions to a variety of entities, including commercial, hospitality and educational institutions. Founded in 2000, the company is based in Calabasas, California. Learn more about TEQlease by visiting our web site here. If you’d like to schedule a conversation with one of our financing specialists, click here.

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The decision was mainly due to a poor May jobs report as well as an economic growth forecast dropping from 2.2% to 2.0%.  This is the second time this year that the FED has lowered its expectations for the growth of the US economy.

Click here to read the full article from CNN.

The next possible action for an interest rate increase is in July when the Fed meets next.

So what does this mean for businesses?  It means it’s time to take advantage of the historically low rates before they’re gone.  It is important to lock in rates now while they are still low. We’re seeing a surge in equipment financing due to the realization that the economic and financial landscape may soon be changing.  The opportune time to buy and finance equipment is now.

About TEQlease
TEQlease Capital provides equipment lease financing solutions for businesses and educational institutions in the United States. TEQlease Capital also offers equipment vendor lease finance programs across all industries. To learn more about TEQlease Capital, visit our website at www.TEQlease.com.

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According to Hotel News Now, the hotel industry saw growth in both occupancy and rate, and this contributed to making April the strongest month of the year so far for revenue-per- available-room growth.  Consumer spending also reached its highest level since August 2009.  With continued strong numbers into the end of May, many industry experts are projecting a prosperous summer for the hotel industry.

If your hotel is thinking about purchasing equipment, now is the time to buy and consider financing.  Hotel owners are taking advantage of the strong industry numbers and conserving their capital through financing in order to maximize the amount of equipment they can acquire.  This coupled with relatively low interest rates, makes it the ideal time to buy.  As evidenced by the December interest rate increase, we are now officially in an economic environment with rising interest rates.  The longer you wait to buy, the more expensive financing becomes.  It is important to lock in your rate before they increase again.

If your hotel is looking to upgrade or acquire new equipment, visit us at www.teqlease.com or click here to set up a time to talk and get a no obligation lease financing consultation.

TEQlease Capital is a nationwide provider of equipment lease financing solutions across all industries.  In the hospitality industry, TEQlease Capital provides lease solutions for golf equipment, fitness equipment, restaurant equipment, telephony, media equipment, television solutions, IT infrastructure, wireless solutions and more.

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Despite the declining confidence index, demand for capital equipment is remaining steady.  This coupled with relatively low interest rates makes it a good time to acquire equipment.  Financing remains the best option for business owners who need to purchase equipment yet do not have or want to use existing capital.  It allows businesses to preserve cash in this relatively unstable economic time.

“The demand for capital equipment financing has been strong through the first two quarters of the year, and we only expect it to continue to grow moving forward,” said Mike Lockwood, President of TEQlease Capital.  “Equipment lease financing offers the perfect solution to business owners needing to expand yet that are uncomfortable paying up front the full cost of equipment during this uncertain economic time.”

Want to find out if lease financing is right for you?  Call us at (818) 222-1006 to learn more or to receive a free quote on your next equipment purchase.

About TEQlease
TEQlease Capital provides equipment lease financing solutions for businesses and educational institutions in the United States. TEQlease Capital also offers equipment vendor lease finance programs across all industries. To learn more about TEQlease Capital, visit our website at www.TEQlease.com.

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TEQlease Capital helps hotels acquire needed equipment by providing customized lease financing solutions.  Some examples are below.  But first, here is what two of the executives had to say.

Elie Maalouf CEO, The Americas, InterContinental Hotels Group

“I think it’s a really good time to focus on your properties. I think it’s a good time to understand what the focused investments (are), the key strategic investments you can make in your properties to put yourself in a position for when things might slow down a little bit and you want to be in a strong share position. What are the technology investments you want to make? What are the renovation investments you want to make right now while costs are still pretty good?”

Steve Joyce President and CEO, Choice Hotels International

“Make investments now because at some point, things will slow down to a much more normal rate. Get your projects done and open into 2018. If you’re going to invest in your property, do it before the end of 2018, and we’ll see what happens.”

Read what the rest of the executives said here

TEQlease Capital Provides Financing to Starpass Resort & Spa for Golf Course Maintenance Equipment

If your hotel is looking to upgrade or acquire new equipment, visit us at www.teqlease.com or click here to set up a time to talk and get a no obligation lease financing consultation.

TEQlease Capital is a nationwide provider of equipment lease financing solutions across all industries.  In the hospitality industry, TEQlease Capital provides lease solutions for golf equipment, fitness equipment, restaurant equipment, telephony, media equipment, television solutions, IT infrastructure, wireless solutions and more.

The post Industry Leaders Say Now Is The Time To Acquire New Equipment For Your Hotel appeared first on TEQlease Capital.

According to Accounting Web, the new standards will affect those that lease equipment, and it will require companies that lease assets to show on their balance sheet “the assets and liabilities for the rights and obligations created by those leases.”

“Under the new FASB guidelines, companies are required to disclose lease obligations much like other liabilities.  This is intended to increase visibility and transparency, so a company can be fairly evaluated by others,” said Mike Lockwood, President of TEQlease Capital.  “We feel this should not impact the ability of our customers to lease or finance equipment.”

“The new guidance responds to requests from investors and other financial statement users for a more faithful representation of an organization’s leasing activities,” FASB Chairman Russell Golden said in a written statement.  “It ends what the US Securities and Exchange Commission and other stakeholders have identified as one of the largest forms of off-balance-sheet accounting, while requiring more disclosures related to leasing transactions.

Click here to read more.

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According to CNBC, the economic conditions and the financial markets are prepared for a rate increase.  According to Dennis Lockhart, a voting member on the Federal Open Market Committee, the economy is on a “solid, moderate path,” warranting the Fed action.

Lockhart, who stated the economy is growing at about 2 percent, said that he expects a gradual path of rate increases once the initial hike happens.  Another factor that is likely to influence the Fed’s decision is job growth in the US.  Since the end of the recession, America has added 12 million jobs and unemployment has fallen from a peak of 10%, down to 5%.

So how is the rate increase going to affect businesses looking to purchase new equipment?  What is important to remember, is that rates are being increased, but that doesn’t mean they are going to be high.  If what Lockhart says is accurate, in that the rates will be increased on a gradual path, you still have a chance to secure a relatively low rate once the initial hike happens.   Based on this information and that equipment investments are expected to grow by over 4% next year, late December or early 2016 still make for ideal times to purchase equipment for your business.

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Industry professionals agree that owners should take advantage of their prosperity as soon as possible to ensure the growth of their business.  The question is, what is the best investment a business can make?  What is the best way to stretch their budget to meet all of their needs?

Here are two aspects of your business that might require updating.

Information Technology (IT)

IT is a vital aspect to the success of a business.  This is why owners have to make sure they have all the equipment that their business needs and that it is up to date.  Whether it’s computers, phone systems, or servers…. don’t let your company’s IT cripple your business.

Marketing

Marketing is moving digital, and recent studies show that video marketing is growing by 43% annually.  In order to stay up to date with the most successful marketing methods, many businesses are investing in video and camera equipment.

With increased profits and an historically low cost of funds, most companies agree that now is the right time for a business to consider leasing as a viable option to obtain the equipment they need.  Businesses can stretch their budget and get more of what they need by making affordable monthly payments instead of paying the full price for equipment using today’s dollars.

Here at TEQlease, we provide lease and financing options for all types of equipment and we can get your business the equipment it needs to succeed.

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In what amounted to a tactical retreat, Fed Chair Janet Yellen said in a press conference that developments in a tightly linked global economy had, in effect, forced the U.S. central bank’s hand. The U.S. economy has been performing well enough to perhaps justify a rate hike “and we expect it to continue to do so,” Yellen said shortly after the Fed’s policy-setting committee released its latest statement following a two-day meeting. But Yellen added that “the outlook abroad appears to have become less certain,” driving down U.S. equity prices, pushing up the dollar, and tightening financial conditions in a way that may slow U.S. growth regardless of what the Fed does. However, the Fed maintained its bias towards a rate hike sometime this year, while lowering its long-term outlook for the economy.

For charter schools this is good news, because it means historically low interest rates continue to be available, at least in the short term.  By using a lease finance solution to acquire school equipment,interest rates are locked in at the now low rates for the entire term of the lease – usually 3 to 5 years.  This enables the equipment lessee to benefit from the predictability of stable monthly payments and cash flow over the term of the lease.  The consensus also seems to be that the Fed will soon start raising rates, probably gradually.  This means that acquiring needed equipment now or before the anticipated rate hike makes sense for schools that are looking to acquire equipment within the next year.

How long do you think the low rates will last?  How will your school take advantage of the rates?  Leave your thoughts below.

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According to an American Express Survey, the vast majority of these companies (defined as companies with revenue between $10 million and $1 billion annually) are expecting the economy to either grow or have a positive effect on their business.

The survey further said that most of these companies, in addition to having more employees than they did a year ago, are planning to continue to hire even more full time employees.  They report seeing new customers and plan to expand to support those new customers.

“Middle market companies have an optimistic view on the economy and their business prospects.  We can already see this having an impact in terms of job numbers, with current employment numbers up and robust plans for future hiring.” 

–Tom Tierney, Senior Vice President, U.S. Middle Market, American Express Global Corporate Payments

With the prediction of future smooth economic sailing, there also comes with it the debate on which growth path is the best for companies to take.  Many believe that the best way to ensure growth is customer acquisition, while others believe that securing necessary infrastructure is the optimal way. 

A very high percentage (91%) report that while they believe they have the necessary capital in place to support their growth, cash flow will be a primary concern going forward.

As one of the country’s leading equipment financing companies, we have found that the availability of capital for equipment acquisition purposes continues to grow, which should mitigate the concern over cash flow.

How is your company planning on growing this upcoming year?  Are you planning on hiring and/or making investments in infrastructure?  What do you think the best way to grow a business is?  We welcome and encourage your comments below. 

Read the article here

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