A behind the curtains look into the new landscape of business lending from a nationwide leader in financing.

As the signs of widespread economic recovery start to appear, the once hunkered down and hibernating small and medium-sized businesses are awakening to a very different landscape of business lending. It has always been an axiom of truth that businesses need capital support to grow and thrive. Over the last few years however, the downturn in the economy has changed the business finance industry as much, if not more than any other.

In the old days business owners walked confidently into their community bank, and walked out with easy access to capital. The scenario now plays out much differently. Community banks, once open armed welcomers, are quickly disappearing. They are being swallowed whole by larger institutions, or are themselves running into financial difficulties resulting in insolvency. The petition process of securing a business loan from one of the few remaining mega banks is now often arduous, complicated, or simply unavailable.

With the needs of capital support growing, and the availability of bank financing diminishing, there are those innovators that are stepping up and in to fill the role left behind. As a pioneer and leader of the new generation of business equipment leasing and financing companies, Taycor Financial Headquartered in Los Angeles CA, has provided a roadmap to help the business community navigate the new path from identifying equipment for purchase to financing.

Intelligent Shopping

Throughout the process of securing capital for equipment purchase, working capital injection, or general business growth, you’ll find that a little bit of effort saves a lot of work. Once you have found the approximate purchase price for the machinery that you need, or estimated the requested loan amount, the same careful attention should be made in choosing a financing or leasing partner.

Reputation: Chances are that your search for a finance company will include a foray into the World Wide Web. Take the additional step of researching the resulting companies, but moderate what you see. The internet has become the new soap box. Though the web contains a wealth of information, customer surveys have found that an unsatisfied customer is more than 9 times as likely to leave a negative review as a satisfied customer is inclined to leave a positive one. Also, buyers beware that the absence of reviews or information may not be a positive factor. Companies with little to no online presence might mean that the potential partner is new, or does not do enough business to have a customer reputation.

Flexibility & Scalability: Not all leasing and financing companies are alike; just as the needs of individual businesses are not generic. Often depending on the collateral and loan amount, there are options for payment deferrals or holidays that can help in the transition period commonly associated with new purchases or debt obligations. Ask potential financing partners about prepayment penalties, conditions for early buyout, and available options for flexible payment plans.

Return on Investment: Gone are the days of luxury and esoteric purchases. The common trends in equipment portfolio growth over the last few years have primarily been in purchases that generate revenue or gain efficiencies. Business loan and working capital divisions have reported that injections of capital are being spent on gaining market share and growth of business infrastructure. As an intelligent shopper you must determine if the acquisition of equipment or proposed spending of the business loan generates income or gains productivity? If the answer is ‘yes,’ evaluate and complete market research to estimate the dollar value gain to your business per month. This should become your Go/No Go assessment when finalizing your lease or loan.

Application Submission

Modern credit evaluations throughout the industry have evolved into automated, and little understood computer scoring models. Risk is now often assessed not only by your individual company’s history, but by the portfolio performance of your entire industry. The recent economic undoing has left entire industry verticals on the excluded list. If your potential financing partner only uses a computerized scoring model, you may be fighting an uphill battle with a guide that knows little about their actual approval criteria. For those finance companies that still maintain an experienced group of risk management credit staff, these are some of the criteria they use to decision submitted applications.

Personal Credit: A business with fewer than five owners is usually considered closely held. This designation means that regardless if you are applying for a lease or loan that requires no personal guarantees, the personal credit of the ownership (usually for those owning 20% or more) will be reviewed. The reason for inspection is simply that for closely held business denominations the fiscal health of the owners, their ability to maintain good financial health, and their personal payment habits generally impact business practice. Consider doing a self review prior to submission by contacting the three primary credit reporting agencies:

-Equifax
-Experian
-Transunion

Business Credit: There are currently several business credit reports available on the market. The most commonly used compiler, Dun & Bradstreet, aggregates information and assigns a Paydex score. Manual review of a Dun & Bradstreet or comparable report considers two criteria. Primary credit review focuses on the business history in paying established trade lines. Weight is based on high credit, and whether payments were made on time, late, or early. Consideration is then made on the number of trade lines reporting. If a business credit report scores well, but there are only one or two creditors reporting pay history of a very small amount the score tends to carry little weight in positive credit decisions.

Bank & Borrowing Reference: To bypass a full financial disclosure package, many equipment lease companies allow bank and borrowing references to be submitted in lieu of tax returns and financial statements. The bank reference gives a monthly snapshot of cash flow in and out of the business. A history of well maintained bank balance shows finance companies the applicant’s ability to take on additional debt. Comparable borrowing references are one of the most important factors when considering loans and leases over $50,000. The payment history reflected by a lease or loan reference similar in nature to the current request will give the creditor a true view of what they may expect when extending the same type of credit once more.

Successful Approval

The digitalization and upgrade of technology infrastructure in today’s modern business finance companies allow for near instant reference and report requests. If prior to application submission potential hurdles and challenges were addressed, the approval process should be measured in business hours and days not days and weeks.

Read: Once an approval has been extended, lease or loan documents will shortly follow. Read and confirm that the terms and conditions are as previously discussed and agreed.

Ask Questions: If there is a discrepancy of literature that you are unsure or uncomfortable with, ask questions. Relationship oriented finance partners will be more than happy to explain confusing legal language as well as be your advocate each and every step of the way.

Sign & Secure: Once you are comfortable with the documents, sign and execute. Then, it is very important that you secure multiple copies of your documents. Often in the event of an equipment lease, the purchase option addendum is what guarantees a fixed buyout at the end of the term.

About Taycor Financial

Founded in 1997, with offices in Los Angeles CA and Boston MA, Taycor Financial has joined the ranks of America’s top businesses, establishing itself as one of the premier equipment financing companies in the U.S. Taycor is also one of the most rapidly growing; having made the “Inc. 500” list of America’s fastest growing private companies. For more information on equipment leasing or financing, to get an Instant Quote, or explore career opportunities visit www.Taycor.com or call (310) 568-9900.

Download: 02092012 A Little Bit of Effort Saves a Lot of Work

Businesses around the country are searching for creative and viable ways to keep their businesses afloat during troubling economic times. Costs saving measures are implemented as organizations come up with strategies to save money. One option considered by many is equipment leasing for business.

Equipment leasing for business is a workable solution for any size business.  Small or newly started companies will have limited capital, and obtaining equipment could be difficult, if not impossible, if outright purchases were the only option. If a small or young company were to fulfill their equipment needs this way, they could end up severely limiting their cash flow before profits start streaming in. Not to mention that small companies can find it difficult to get the loans they need because of a lack of credit history. With equipment leasing for business, small and newer businesses avoid the high upfront costs of acquiring new or used equipment.

Equipment leasing is also a great option for medium sized businesses.  Oftentimes, medium size companies are in expansion mode and are experiencing some form of growth. That growth could involve adding a new office, hiring employees or expanding product lines. Equipment leasing can be an ideal solution for companies in this mode because they are able to add the equipment they need without having to outlay a ton of capital. In addition, it allows the business on the move to upgrade equipment and perhaps even become more efficient.

Equipment leasing for business also makes sense for the large organization.  Corporations are under a lot of stress to cut costs and leasing can help them do that. In addition, organizations can keep their equipment up to date by opting to upgrade to the latest model at the end of the lease instead of buying the equipment.

In this economy, even saving a modest amount through smart equipment leasing for business solutions makes sense. If your organization needs help making sense of all the financing options available, turn to the experts at Taycor Financial. Taycor Financial is your source for customized equipment leasing options for your business.

Taycor Financial can assist any size business by preparing a lease versus purchase analysis so that a smart financial decision is made.
Call Taycor today and set up a meeting to learn more about smart equipment leasing for business options.

Are you starting up a medical practice and need to outfit your office with furniture and medical equipment?  Do you currently own or run a medical practice and are interested in updating or expanding your equipment?

Many physicians and office managers consider medical equipment leasing because it allows the practice to become, or be maintained as, a state of the art facility.  If you choose medical equipment leasing, money is kept within the practice because you are able to offer the latest in lab equipment, x-rays, MRI and more.

Most medical equipment can be leased on both short and long-term leases.  Typically, they offer more flexibility than a loan, so that’s why so many medical practices choose this option. Here are just a few of the advantages of leasing your medical equipment:

• Your bank will require a 20% down-payment on a loan, while a Lease can be done with only one monthly payment in advance.
• Leasing allow you to upgrade your equipment giving your patients access to the latest in technology.
• Leasing improves your asset management and frees up capital for other expenditures.
• You can plan for the future because your lease payments are fixed and won’t fluctuate with rising interest rates.
• With leasing equipment, you avoid obsolescence because you can simply upgrade to the next model at the end of your lease.
• Leasing provides flexible payment options and oftentimes no down payment is required.
• With leasing, you can secure one hundred percent financing, which means the hardware, software, training, maintenance, shipping and installation can all be included in your lease agreement. We’ll even finance 100% EMR and EHR software.
• Leasing provides tax benefits as you may be able to write off 100% of your lease payments.

Leasing medical equipment instead of purchasing these vital tools for your practice makes good business sense. It allows you to stay on top of technology, gives you flexibility with your capital and gives you better asset management.

When you are ready to consider your medical equipment leasing options, turn to the experienced professionals from Taycor Financial.  They have dedicated account managers that work solely on medical equipment leasing who offer a quick response pre-approval process, low rate lease agreements and superior customer service. Call Taycor today to speak with one of their medical equipment leasing professionals who will work with you to secure the best lease for your practice!

If you are thinking of expanding your current office, opening a new one or upgrading your facilities, then you know that one of your biggest expenses will be buying computer equipment.  Software, hardware, peripherals, monitors, laptops, and printers can easily cost you thousands of dollars.  Unfortunately, computers and equipment quickly depreciate in value, which may cause you to consider purchasing second hand equipment that can be fraught with problems and could end up costing you more in repair costs than if you had just purchased the computer equipment new.

For these many reasons, computer equipment leasing is an attractive option for business owners and managers looking to equip new offices or replace aging equipment in an existing office.

Benefits of Computer Equipment Leasing

You may not realize that leasing your computer equipment has many advantages over buying.

• Your payments are tax deductible.  If you don’t plan to purchase the computer equipment at the end of the lease, you can claim the lease payments to reduce your taxes.
• You avoid a down payment.  Computer equipment leasing allows you to avoid the down payment that you probably would require to buy the equipment outright.  In addition, you might find some lease agreements that cover the cost of the equipment’s installation and regular maintenance.
• You get to use the latest technology.  At the conclusion of most lease agreements, you will be allowed to upgrade to the latest model if you renew your lease.

Remember that your computer equipment is an integral and vital part of your business. You rely on your computer system to manage your sales, control your inventory, purchase supplies, keep your books and manage your employee data. You should weigh all your computer equipment leasing options and make a decision that is best suited for your unique business needs.

To help you make sense of all your options, turn to the experts at Taycor Financial.  Taycor can help you figure out a way to get the equipment you need without becoming a big draw on your cash reserves.  Call Taycor today and let them help you evaluate all your options and help you recognize that computer equipment leasing can cost you at lot less than you might think!

Would you like to keep more cash in your business? Construction equipment leasing is an excellent way to grow your business while still keeping cash available for other business expenses. When you are evaluating your construction equipment financing choices, leasing may win out because you can take advantage of:

• Custom payment structures
• Better asset management
• Easy equipment upgrades
• Stable cash flow
• Flexible end term options
• Superior flexibility than bank loans or cash purchases

We understand that you have many options for industrial or construction equipment leasing. However, if you want your leasing transaction to go as smoothly as a newly paved road, Taycor Financial is your ideal partner. Taycor is a full service commercial finance company specializing in providing low rates for the types of construction equipment leasing listed below:

• Backhoes
• Bulldozers
• Cement trucks
• Compactors
• Cranes
• Dump trucks
• Earth movers
• Excavators
• Jack hammers
• Lighting
• Office equipment
• Steamrollers
• Surveying Equipment
• Tractors
• Trucks

No matter what type of equipment you need, we have the experience to structure a lease – quickly and affordably!

If you want to keep more cash to help your business – leasing gives you these advantages:

• 100% Tax Deductible Payments – With a true Operating Lease, you can return the equipment once the lease concludes, purchase the equipment at fair market value, or continue to lease the equipment from the Lessor. The equipment is not recorded as an asset, nor does it become a long-term liability – instead, it is treated as an operating expense and is 100% tax deductible.
• Ability to ‘Test Out’ Equipment – If you have your eye on a new backhoe or other piece of equipment, leasing gives you the opportunity to test it out with ‘no strings attached’.
• Keep Pace with Technology – Technology changes daily, even in the construction industry. If you like to get all the ‘bells and whistles’ with your equipment, you might prefer a series of short term leases that will cost you less than buying new equipment every few years.
• Ease, Convenience and Flexibility – Taycor makes applying for a lease quick and easy. Our knowledgeable associates will structure the lease to meet your specific requirements.

Why not keep more cash in your business by arranging your construction equipment leasing with Taycor Financial. Taycor offers a commitment to personal service, quick turnaround time and competitive rates. Contact Taycor today to find out how leasing can help you keep more of your cash in your business!

With today’s growing demand for a high-end work environment that meets both the budget and needs of the company, it is vital to finance the best technology and furniture to make your office a success and increase your access to your niche market. Taycor Financial offers a variety of office equipment leasing options to companies and organizations of all sizes. Our office equipment lease solutions are tailored with flexible structure and payment terms to match the budgetary needs and overall goals of your organization.

Like most businesses, you need to strike a compromise between what office furniture and equipment will look good, what will be comfortable for the employees to use and what makes sound financial sense. Here is a list of modern office equipment leasing options to consider and the benefits of financing those choices:

• Computer Equipment – Choosing the right computer equipment for your office can be challenging as you evaluate the many options available. However, before going the cheap route, it is vital to determine your company’s goals with your new computers. For example, a company specializing in graphic design and video production shouldn’t settle for just any old system. Rather, they should acquire the new MAC G5 computers because they offer high-end technology that reduces video editing time, allows easy internal networking to speed post-production and enables the team to meet the client’s demands efficiently. Although computers and their accessories are very expensive, Taycor can help with fixed lease payments that will help your company increase the return on the investment three fold down the line.
• Office Furniture – A company that is expanding needs to portray the proper image to investors, clients and potential employees. Walk around your office space and determine what office equipment you need for your meeting rooms, workstations, and reception area. Think about the chairs, tables, desks, credenzas, and filing systems that will make your office both efficient and effective. It’s important to opt for quality, style and durability. If you’re concerned about cost, leasing is a viable alternative because it allows you to maximize your purchasing power from your available budget.
• Digital Copiers/Fax Machines/Scanners – Any successful business needs top of the line photocopiers, fax machines and scanners to meet their everyday business needs. If your equipment seems to be broken down more than it is working, it may be time to consider upgrading to the technologically advanced options available. Consider speed, print quality, cost per copy, and multifunction capabilities. With considerable outright costs associated with these types of equipment, leasing again makes sound business sense. Leasing allows you to leave capital free to use in other areas of your business.
• Phone and Conference Systems – If you are expanding your office to meet a growing client base, you’ll need top of the line conference devices and phone systems to communicate with your out of town employees, international clients and investors. When evaluating your alternatives, ask yourself if the system includes all the features, functions and capacity that your business needs. Be sure to consider office equipment financing for your phone system because it allows you to reduce your overall costs. For example, fixed payments from leasing allow for easier budgeting and help you to maintain control of your cash flow.

These examples provide just a small sampling of the type of office equipment leasing that Taycor can provide.

Taycor Financial invites you to learn more about the benefits of working with an office equipment leasing partner that knows your industry. To learn more about our office equipment leasing options, contact us via e-mail or call (800) 322-9738 .

Equipment financing is an ideal way for companies to grow and expand without having to outlay large amounts of capital to do so. However, it is critically important that any organization utilizing an equipment financing company ensure that the financing company will meet their specific requirements. Below are the top three factors to consider when choosing your equipment financing partner.

• Do they have experience in your industry? When contacting potential leasing companies, one of the first things to find out is if they have experience in your industry. Some financiers will specialize in financing options in particular industries. By doing some research upfront, you can quickly learn if the potential provider can offer the level of experience you need.
• Will they provide references? Checking references should be a standard approach when you are evaluating a potential equipment financing company. If they will not provide at least three to five references, then you should cross them off your list. In addition, it helps if the references are from companies in similar industries or with similar needs. When speaking to the references find out:

1. Were they treated fairly?
2. Did they feel like they got the right financing terms for their needs?
3. Was help provided with the application and paperwork?
4. Would they work with this equipment financing company again and would they recommend them?

• Will they create financing plans that meet your specific needs?  Equipment financing is definitely not a ‘one size fits all’ situation.  Make sure the company you work with will come up with a unique plan that suits your specific needs. Also, ensure that they will go over all the payments and terms along with any options so that you fully understand your long term requirements.

Selecting your equipment financing company should not be a process you take lightly. Ultimately, you want an equipment financing expert that is proficient in asset management who can help you keep your business heading in the right direction with the right financial choices. Contact Taycor Financial today work with an equipment financing company that offers personal service, quick turnaround and competitive rates.

If your company wants to expand or upgrade by bringing in additional construction equipment, you are probably considering construction equipment financing. Yet, you might be concerned about adding to your debt load and would like to better understand your construction equipment financing options.

You have many financing options when it comes to construction equipment so it is important to understand them all.

Leasing – With lease financing, you are able to utilize future earnings to pay off your new construction purchases. This option helps you to keep your line of credit open and can improve your cash flow. In addition, there are tax advantages to leasing such as the case of a true operating lease where your payment is 100% deductible. In addition, your lease payment generally would be less and fixed for the term of the lease.

Loan – Of course, financing your construction equipment with a loan is another option. Since construction equipment tends to have a very long life, generally longer than a lease term, financing your construction equipment can make sense. Once your loan is paid in full, your company gets to enjoy the benefits of ownership and the future flexibility to use the equity from the equipment to leverage working capital if required.

Taycor Financial is your ideal construction equipment financing partner. We work with companies in a variety of industries to secure equipment financing for the following types of equipment:

• backhoe
• boom truck
• bucket truck
• bulldozer
• concrete pump
• concrete truck
• ditch witch
• dump truck
• excavator
• excavator
• forklift
• loader
• loader
• mulcher
• roller
• skid loader
• skid steer
• skidder
• telehandler
• tow truck
• tractor
• trailers
• wood chippers

Call Taycor today to learn more about their construction equipment financing needs. Taycor is the premier equipment financing company in the United States. They pride themselves on personal service and competitive rates.  Improve your bottom line and expand your business with construction equipment financing from Taycor Financial.

Industrial equipment financing is a crucial facet for any organization hoping to grow or expand. It can help your business reach its short and long-term goals. It is vitally important that your partner in industrial equipment financing be proven experts with the expertise and knowledge to help you every step of the way.

Your industrial equipment probably gets used regularly and may even wear out or break down costing you valuable working hours. Unfortunately, when situations like this arise, many businesses feel forced to rush into their industrial equipment financing and they may end up using their line of credit or overextending other resources just to get the equipment they need. A better solution is to work with the professionals from Taycor Financial.

Taycor Financial is a leader in industrial equipment finance. Taking each and every customer’s needs into account, Taycor develops products and services tailored to those very specific needs.

Why Should You Choose Taycor?

• Our staff knows the industrial financing marketplace. We have dedicated individuals to help in a variety of industries like construction, manufacturing, mining, forestry and much more.
• Taycor offers a wide array of leasing and financing plans and options.
• We have an established history and success at helping companies with their industrial equipment financing.
• Taycor understands the importance of your equipment purchases and will strive to understand your business and provide the best possible solution for you.

Taycor can help you realize the many advantages of financing your industrial equipment:

• Releasing working capital for other uses
• Reaping the benefits of newer, more efficient equipment
• Taking advantage of aggressive tax laws

If your organization is in the market for any type of industrial equipment be sure to call Taycor Financial.  Call today to learn more about Taycor’s fast and competitive rates for all types of industrial equipment financing!

Are you setting up a new dental practice or upgrading your existing one? Do you need dental equipment financing that is flexible and allows you to keep capital free for other projects?

If you own or work in a dental practice, then you know how expensive it can be to keep up with the latest equipment advances and keeping existing equipment in perfect working order. Running a dental practice is hard work; you need to manage patient needs, keep up with dental advancements, and ensure your expenses are properly managed. Securing dental equipment financing is just another thing on your long ‘to-do’ list.

It helps to have a partner working with you to find the best dental equipment financing available in the marketplace. That way, you aren’t searching for capital; you have a partner finding you the best financing tools for growing or even starting your practice.

Here are some of the dental equipment financing options available from Taycor:

• Dental invoice factoring
• Dental practice acquisition loans
• Dental debt consolidation loans
• Working capital dental loans

There are no cookie cutter solutions from Taycor. We consider each client’s specific needs and research the marketplace to present a tailor-made solution that works.

Taycor Financial should be your clear choice for all your financing needs. At Taycor Financial, we concentrate on your vision for your dental practice. We are more than just a numbers company, we want to help you succeed and to grow or develop your practice into what you dream it to be. We work with you every step of the way to secure dental equipment financing that works with your needs. If you want great rates, unparalleled customer service from professionals with the expertise you need, then call Taycor today.