equipment leasing Archives - TEQlease Capital

Low Rates Remain For Now

teqlease — Thu, 16 Jun 2016 17:29:10 +0000

The Federal Reserve and Janet Yellen have decided not to raise interest rates following Wednesday’s end to a two-day meeting.

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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Demand for Equipment Remains High Despite Low Consumer Confidence

teqlease — Thu, 09 Jun 2016 16:36:18 +0000

The Equipment Leasing and Finance Association has released its Monthly Leasing and Finance Index. The report, which shows economic activity from 25 companies from the equipment finance sector, showed that the Monthly Confidence Index decreased from an April index of 59.1, to a May index of 55.1. Many analysts attribute the declining levels to a combination of economic and political instability.

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.

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TEQlease Assists Medical Center with Equipment Upgrade

teqlease — Thu, 09 Jun 2016 15:42:58 +0000

TEQlease Capital, a nationwide provider of equipment lease financing, has completed a lease finance agreement with Warm Springs Medical Center. Warm Springs Medical Center, located in Warm Springs, Georgia, acquired a new mammography machine in order to ensure the center’s equipment remains of the highest quality.

“We are pleased to be working with TEQlease, as they were the only leasing company that was able to provide the financing capital with terms we needed,” said Patrick Flynn, Chief Financial Officer at Warm Springs Medical Center. “The Digital Mammography unit was equipment the hospital quickly needed to service the needs of our community.”

“We are delighted TEQlease was able to provide Warm Springs with the right lease financing solution to fit their needs,” said Mike Lockwood, President of TEQlease Capital. “This is another example of how TEQlease can assist medical institutions with acquiring equipment they need.”

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.

Looking to purchase new equipment for your business? Call us today at (818) 222-1006 for a no obligation, free quote.

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Industry Leaders Say Now Is The Time To Acquire New Equipment For Your Hotel

teqlease — Mon, 09 May 2016 17:26:55 +0000

At this year’s Hunter Hotel Conference, “Hotel News Now” asked eight hotel executives what hotel owners should concentrate on this year. The executives said that now is the time for hotel owners to invest in their properties, in the form of upgraded technology, facilities, furniture, and any equipment a hotel needs to improve their property and build customer experience and loyalty.

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.

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FASB Issues Update On Equipment Lease Accounting

teqlease — Thu, 24 Mar 2016 18:15:21 +0000

The Financial Accounting Standards Board has just released new regulations on the accounting of lease finance transactions.

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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TEQlease Attends World Of Concrete 2016

teqlease — Thu, 18 Feb 2016 16:42:42 +0000

Earlier this month, TEQlease Capital attended the 2016 World of Concrete Conference in Las Vegas, Nevada, which began February 1st and concluded on February 5th. The conference included various keynote speakers and presentations on the concrete industry, and was headlined with the exhibitor show which had over 1400 vendors present and over 55,000 attendees.

World of Concrete is the industry’s only annual international event dedicated to the commercial concrete and masonry construction industries showcasing leading industry suppliers featuring innovative products, construction machinery, construction equipment, safety training courses, new technologies an d unlimited networking opportunities to give you new ways to sustain and grow your business.

It was a great experience visiting the conference and having the opportunity to meet so many concrete and construction industry professionals, and TEQlease looks forward to attending in the years to come.

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TEQlease Capital Provides Financing Solution For Vallejo Trucking and Equipment

teqlease — Thu, 18 Feb 2016 16:41:42 +0000

TEQlease Capital provided Vallejo Trucking and Equipment, located in Northern California, with a comprehensive financing solution for a dump truck. Based in Stockton, California, owner Phil Vallejo began Vallejo Trucking and Equipment in May of 2014. The truck will allow Vallejo Trucking to continue the company’s growth as well as provide the excellent service that it has for years.

“Those people at TEQlease really get it,” said Phil Vallejo. “They just understand how the construction business works and want to help and be a part of our growth! We need more lease finance professionals with that mentality.”

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

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New Year, New Equipment: Make Your Business Successful in 2016

teqlease — Tue, 19 Jan 2016 22:57:36 +0000

It’s the start of a new year and many businesses are looking at 2016 as a year for growth. According to Michael Lockwood, the President of TEQlease Capital, “There is volatility in capital markets, and the Fed has made clear it

will continue to raise interest rates. However, the economy is also clearly improving. With interest rates remaining low, business leaders are looking to lock in rates in anticipation of needed capital expenditures.” This is based on the recent survey conducted by Pepperdine University, which states that almost 75% of small and medium-sized businesses expect to increase their revenue in 2016. Reflecting this, a large number of companies are planning on pursuing financing as a means to acquire equipment and expand.

If your company is thinking about purchasing equipment to grow your business in 2016, now is the time to purchase. 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 you are a vendor who sells equipment, now is the time to focus on using financing as a competitive tool. As evidenced by the Pepperdine University study, businesses are looking to buy equipment in the coming year. So why not make it easier for them to do so? If used correctly, financing will increase your sales and your potential customers.

At TEQlease, we provide lease and financing options for all types of equipment. We can get your business the equipment it needs to succeed or the increase in sales you desire. Make 2016 a great year!

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TEQlease Capital Provides Financing Solution For Socal Juniors Volleyball

teqlease — Tue, 19 Jan 2016 18:11:33 +0000

TEQlease Capital provided Socal Juniors Volleyball, located in Southern California, with a comprehensive financing solution for sport flooring and volleyball equipment. The equipment will allow Socal Juniors Volleyball to continue to have outstanding facilities and ensure it remains one of the top volleyball clubs in the state.

“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.

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

teqlease — Tue, 15 Dec 2015 18:18:51 +0000

TEQlease Capital provided JW Marriott’s Starrpass Resort & Spa, in Tuscon Arizona, with a comprehensive lease solution for golf course maintenance equipment. The equipment will assist in the course up-keep and help to ensure it remains one of the top courses in the state.

JW Marriott Starrpass Resort & Spa is located in the foothills of Tuscon Mountain Park. According to Tripadvisor.com, it is one of the state’s best hotels and it is best known for is scenery and tremendous views. In addition to the 27-hole championship golf course, the hotel also offers a full service spa, fitness center and pool.

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