TEQlease had the opportunity to meet with college students, recent graduates, and business professionals looking to gain experience as an employee for a well-established company.

TEQlease was represented by account executives and Cal Lu alumni Erika Aguirre and Jamell Dorton. They met with several prospects and discussed the job responsibilities of an entry level as well as the many opportunities for career growth within the company.

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We had the chance to see old friends as well as make many new ones.  As a sign of how strong the industry is these days, the team came back with several financing requests in hand.

Thanks to Sergio, Albert, Will, Dirk and Denise (Denise missed her picture!) for their dedication and commitment to our customers!

TEQlease Capital is a leader in the equipment financing industry.  We are dedicated to providing comprehensive financing options for equipment buyers and sellers.

In the Concrete Industry?  Interested in working with a company that really understands and is committed to your needs?  Give TEQlease a call at 818-222-1006.  We measure our success based on helping you succeed.

The post TEQlease Team Attends World of Concrete 2017 appeared first on TEQlease Capital.

“It was a pleasure working with Micah on this project, and I look forward to seeing how our work positively impacts the club.” said TEQlease Senior Account Executive Dirk Onink.  “I’m pleased to have provided a lease structure that satisfied our client’s business and budgetary needs.”

Based in Cypress, California,  SCJV began as two independent clubs.  These clubs were So-Cal Elite, owned and operated by Micah Burpo, and Cal Juniors, owned and operated by Brian Gimmillaro. With a history spanning back as far as 1977 they are one of the longest running original clubs of Junior Volleyball in the Country.  Now with a recent merger they have become So-Cal Juniors Volleyball Club and are owned and operated by Micah Burpo with 25+ teams and 40+ staff members to serve you.  Visit them on the web at http://www.socaljrsvbc.com.

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 TEQlease Capital Provides Financing Solution For Socal Juniors Volleyball appeared first on TEQlease Capital.

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.

The post Economy Is Ready For Rate Increase appeared first on TEQlease Capital.

Essentially, in both his post and in the TEQlease news release, Lockwood argues that “It never makes sense to base important decisions such as a business expansion or the acquisition of new equipment exclusively on tax incentives. Instead we recommend businesses weigh anticipated efficiencies, whether competitors have gained an advantage with newer equipment, and the availability of equipment with added capabilities as factors which are drivers for acquiring equipment.”

Lockwood recommends that businesses consider the following before making any year end equipment decisions.

• History. In both 2008 and 2010 businesses had to wait to see if Congress would extend 179 deduction benefits and in both instances Congress did. However, Congress extended the 2010 deductions in 2011, not by the end of the year. The effect of the law was made retroactive to 2010. Most likely it will be unknown in 2012 what the law changes will be, if any; and the outcome will not be clear until sometime in 2013. Although there is uncertainty as to what Congress will do and when, by contrast today businesses do know what can be depreciated and deducted in 2012 and can act accordingly now.
• Math. Before making a decision on any equipment or plant acquisition, businesses need to make sure they understand the economics. Meet with your tax advisor now and determine whether deferring a purchase may have an adverse tax impact. Run separate tax scenarios with your advisor including one scenario based on 2012 deduction amounts, a second based on the 2013 deduction amount and a third with pre-Bush Section 179 depreciation allowances.
• Credit. Make sure your business credit is in good shape before deciding on leasing or financing any equipment. In order to secure the best terms, you need to demonstrate your business has a positive cash flow, manageable debt load, positive payment history, and management can demonstrate sound business judgment. If your business credit is not in good shape, now is probably not the time to finance or lease equipment regardless of the deduction.
• Timing. In order to take advantage of the Section 179 deduction in 2012, businesses must have the equipment in place and operational by December 31, 2012. One day later and you may revert to the maximum $25,000 deduction for 2013.
• Indecision. This can be the death knell for many businesses. Businesses that are stuck in a holding position while they wait for Congress may be missing important opportunities.

You can read the entire press release here.

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In related news, The Equipment Leasing & Finance Foundation forecasts that the equipment finance market will exceed $740 billion in 2013. According to the foundation and its recent research, “72% of companies use some form of financing, including loans, leases and lines of credit. 30% of companies anticipate increasing their equipment investment in the next 12 months, although smaller companies are more uncertain.”

In the event your company is considering leasing for your next equipment acquisitions, we have prepared the following articles to explain how leasing can help your business:

8 Equipment Leasing Tips

Differences between FMV, $1 Purchase Option, and 10% Purchase Option Leases

Looking for New Laptops for your Business? Seven Tips

How to Ensure a Complete and Accurate Business Credit Report

What Every SMB Needs to Know About Personal Guarantees for Equipment Lease Financing

Tips for Replacing and Financing Technology Equipment

5 Things You Need to Know About a Master Lease Agreement

The post Equipment Leasing and Financing Up 16% Over One Year Ago appeared first on TEQlease Capital.

• Sales of total clean technology manufacturing increased 17% from 2010 to 2011, a pace that has slowed from recent years (28% from 2008-2010).

•Has the largest global market share in bioethanol (61%), largely because of strong federal incentives and a renewable fuels standard. In solar PV, U.S. production rose 16%, capturing 16% of the global market.

•Has a strong market share in wind technology, but is still in fourth place with an 11% market share (a slight increase over last year’s 9%), behind China, Germany and Denmark, who together have more than 60% of the global market.

•Is a strong player in the global clean energy technology race, but compared to other leading countries, the U.S. is currently under-investing in clean technology and there is a great deal of policy uncertainty, meaning it will likely lose market share in the long term.

By 2015, the clean tech sector is expected to rival the oil and gas equipment market. Countries that gain a strong position in clean technology manufacturing today have the best prospects to capitalize on the expected strong growth in the future.

TEQlease has experienced an increase in applications from SMB companies for clean energy technology equipment leases, and has approved equipment lease terms ranging from 7 to 10 years.  However, almost without exception, the lease transaction failed not on the basis of the credit profile, but simply because the underlying economics required a 15 year term to have positive cash flow. 15 year terms for equipment lease finance generally are not available to SMB borrowers because lenders aren’t prepared yet for this kind of lease structures.

So what is the fix?  Either tax incentives must increase to make clean energy technology equipment more affordable, or lenders must extend terms that allow for positive cash flow, or borrowers have to be able to fund negative cash flow in the early years of the clean energy technology project.

Are there other ways to fix this problem?  Let us know and we’ll publish your responses.

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