“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.

The post TEQlease Assists Medical Center with Equipment Upgrade appeared first on TEQlease Capital.

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.

The post Businesses Expect Big Profits in 2015 appeared first on TEQlease Capital.

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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Here are eight steps for getting small business financing approval:

1. Clean up the business credit report. First, get a copy of the business credit report from any free provider and make sure it is accurate and complete. Take the time to make sure the report is as accurate as possible paying particular attention to business name, DBAs, address, payment history, liens, lawsuits, loans, ownership and officers and more. If the business credit report needs modifying, do so online instead of over the phone.
2. Be able to prove that the business has a steady cash flow. A steady cash flow demonstrates that the business has plenty of money to pay creditors, employees and others on time.
3. Make sure the business has a manageable debt load. A business needs to be able to demonstrate it can not only handle the current debt load but also the additional debt repayment on what the proposed financing will cause. Also be prepared to demonstrate why this additional debt will be beneficial to the business.
4. Demonstrate that the business has a sustained positive payment history. One of the most important factors for any financer to weigh is a business’ payment history. A financer needs to see that a business has a record of paying down debt, and on time.
5. Prove business judgment. Potential lenders want to be assured that any business seeking financing has anticipated potential challenges and has a plan in place as to how to address these challenges. Furthermore, lenders are also interested to see that the business has the management in place necessary to overcome any obstacles that might come your way.
6. Be aware that most lessors and lenders want a small- or medium-sized business owner or executive to sign a personal guarantee as an “added assurance” that the owner or executive is committed to the business and is committed to repaying the equipment lease or loan. A personal guarantee demonstrates to a lessor or lender that the business owner is responsible business and intend on repaying all its business leases.
7. Only members of the executive management team should sign a personal guarantee. A personal guarantee should not be signed by anyone who does not have a full view of the company’s plans or finances.
8. Make sure to comparison shop for financing. Don’t assume the bank or the vendor will offer the best terms.  Compare rates, lease terms, fees and end-of-lease options and use only established financing providers.

The post Eight Steps for Getting Small Business Financing Approved appeared first on TEQlease Capital.

It’s no secret that small businesses have had a hard time getting financing approval for nearly four years. But according to the latest Wells Fargo/Gallup Small Index –a quarterly survey of small business owners nationwide – small business owners are now more optimistic about getting credit than they have been since July 2008. According to the report, 28% of U.S. small businesses plan to increase their capital expenditures in 2012, the highest rate it has been in four years. And perhaps most importantly, 24% of small businesses have already started increasing their capital expenditures for 2012.

With optimism for gaining financing spreading, the question for many is how to best approach lenders to maximize the chances of getting a credit approval. Here are five keys for small businesses to get approved.

• Demonstrate that your business generates steady cash flow. Cash is still king and is also a key predictor of a business’ health and prospects for the future. By being able to demonstrate you have ample and/or steady cash flow, you are ensuring to potential financers that you have plenty of money to pay creditors, employees and others on time.

• Maintain a manageable debt load. Debt load is the amount of debt that is carried on your balance sheet. You need to be able to demonstrate you can not only handle your current debt load but also the additional debt repayment your proposed financing will cause. If you want to incur the debt for expanding your business be prepared to demonstrate why this additional debt will be beneficial.

• Sustain a positive payment history. One of the most important factors for any financer to weigh is a business’ payment history. A financer needs to see that a business has a record of paying down debt, and on time.

• Prove business judgment. Potential lenders want to be assured that you anticipate potential challenges and have a plan in place as to how to address these challenges. Furthermore, lenders are also interested to see that you have the management in place necessary to overcome any obstacles that might come your way

• And of course, shop around for financing. Don’t assume your bank or the vendor will offer the best terms.  Compare rates, lease terms, fees and options and use only established financing providers.

If you have any questions, please contact us.

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