Taycor Financial Looks at the Glass Half-Full This Month

This week the Equipment Leasing and Financing Association (ELFA) and its non-profit affiliate, the Equipment Leasing and Financing Foundation released their results from surveys taken for the month of March.

ELFA reports economic activity including New Business Volume, Aging of Receivables, Net Investment at Risk, Average Losses, Credit Approval Ratios, and Total Number of Employees from 25 financial services and manufacturing companies, representing a cross section of the $725 billion equipment finance sector.

This past March, companies signed up for $6.8 billion in new loans, leases and lines of credit which is a 45 percent increase from February, however new business volume was flat compared to March 2012.

“The continued low interest rate environment promoted by the Federal Reserve together with relatively benign fundamentals in the broader economy bode well for businesses planning to expand and grow in the coming months and invest in capital equipment,” said William Sutton, ELFA Chief Executive.

While credit approvals increased 1 percent from February totaling to 78.4 percent, only 50 percent of participating organizations reported submitting more transactions for approval last month compared to the 53 percent in February. With the slight changes in the past few months, the April confidence index fell to 54 percent from the 58% last month reflecting industry participants’ concerns over the economy and the impact of federal policies on capital expenditure.

While some participants lose confidence, Taycor Financial remains optimistic for the upcoming months. With the passing of tax season the company understands the minor lull in business volume, however Taycor’s partnership with www.equipmentleasing.org and its member network raise high hopes for generating new business.

The combination of the strong development of Taycor’s Customer Finance Center and the continued low interest rates resulting in greater numbers of credit approvals brings a steady confidence in the equipment leasing and finance industry. While the Equipment Leasing and Finance Association’s index reflects Taycor’s recent business volume, the company remains optimistic for April and the months to follow.

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 (800) 322-9738.

Trends in the Equipment Leasing and Finance Industry Support Growth at Taycor Financial

Trends in the Equipment Leasing and Finance Industry Support Growth at Taycor Financial

Los Angeles, California – October 30, 2012 (Press Release) The Equipment Leasing and Finance Association (ELFA) produces a Monthly Leasing and Finance Index (MLFI-25), which reports on equipment finance activity such as New Business Volume, Aging of Receivables, Net Investment at Risk, Average Losses, Credit Approval Ratios, and Total Number of Employees. The ELFA represents companies included in the finance sector such as financial services companies and manufacturing companies involved in financing capital goods.

This past September, the MLFI-25 indicated that overall new business volume was $8.2 billion—up 16 percent from a year ago. In addition, volume increased by 19 percent since August. The ELFA’s Monthly Confidence Index for October reveals a steady confidence in the equipment leasing and finance industry, despite the current economic, political, and regulatory concerns.

William Stephenson, Global Chief Commercial Officer of De Lage Landen noted that “Double digit improvement in several index categories is certainly a good sign for our industry.” In addition, “the improvement trend in these fundamental industry metrics reflects a relatively stable but cautionary outlook for the future.”

Taycor has discovered that there is indeed a steady confidence in the equipment leasing and finance industry, as indicated by their customer surveys. After talking to Taycor’s customer base and vendor partners, VP of Sales Drew Olynick found that in support of the ELFA’s claims, “more and more customers are rushing to lease or finance equipment before the year comes to an end.” If this behavior continues, Drew predicts that “new business volume will continue to see a steady incline and the equipment leasing and finance industry’s revenues will rise.”

The Equipment Leasing and Finance Association’s research is directly correlated with Taycor’s recent business volume and illustrates improvement from 2011.

About Taycor Financial

Taycor Financial, a nationwide equipment leasing and financing company headquartered in Los Angeles, has built a reputation of innovation by proactively seeking out new approaches in value added partnership with equipment vendors in the medical, printing, packaging, industrial and manufacturing industries. Recent partnerships have allowed for the development of innovative tools and support throughout its entire member network. The recent partnership with www.equipmentleasing.org and its partners has grown, and will continue to develop the abilities of Taycor Financial.

 

Taycor Financial Partners with German American Chamber of Commerce California

Taycor Financial Partners with German American Chamber of Commerce California

Los Angeles, CA – August 28, 2012(Press Release) Nationwide equipment leasing company Taycor Financial is proud to announce its partnership with the German American Chamber of Commerce California (GACC CA) a public charity organization. The GACC CA is a non-profit organization with a mission to promote their two primary programs – the business program and career program. The GACC CA  has an exclusive list of businesses in the US that participate in both programs. Existing partnerships include companies Whole Foods, Sony, Raytheon, and now Taycor Financial. Under their International Career Program the GACC CA is able to offer opportunities to international students and recent graduates to travel abroad and gain valuable business experience across a broad array of companies.

Founded in 1997 US equipment leasing and financing firm Taycor Financial has established itself as a leader in the commercial equipment financing industry. The industry as a whole has grown year over year to the recent survey year showing over $625 billion dollars in assets secured and acquired through leasing and financing. Taycor has also earned the honor of making the Inc. 500 list of America’s fastest growing private companies.  Late 2012 Taycor Financial partnered with the GACC CA’s international internship program with great success. With the success of Taycor’s initial foray into the GACC CA’s international internship hosting program the firm is pleased to publicize their continuation and expansion of the program. Taycor is also excited to participate in the 5th European American Business Mixer hosted by the German American Chamber of Commerce California after seeing the success and sensation of the previous mixers and networking events.

Partnerships between American companies like Taycor and the German American Chamber of Commerce help to bring about not only increased access to a wider variety of talent, marketing information, and business services but also help to foster cultural understanding and strengthen the professional relationships between disparate companies and distant countries. Partnerships between American industry and the GACC CA is a crucial next step businesses can take to get their foot in the door to the ever expanding, increasingly competitive talent pool. It allows for a mutually beneficial relationship between employee and employer, breaking down international borders to expand the opportunity for both German and American industry alike. Taycor Financial remains excited for the future opportunities this partnership will provide for itself, the German American Chamber of Commerce California and its associated partners.

About Taycor Financial

Taycor Financial, a nationwide equipment leasing and financing company headquartered in Los Angeles, has built a reputation of innovation by proactively seeking out new approaches in value added partnership with equipment vendors in the medical, printing, packaging, industrial and manufacturing industries. Recent partnerships have allowed for the development of innovative tools and support throughout its entire member network. The recent partnership with www.equipmentleasing.org and its partners has grown, and will continue to develop the abilities of Taycor Financial.

JMR Partners with Taycor to Provide Easy Financing Solutions to Fuel Customer Development into the Cloud

JMR Partners with Taycor to Provide Easy Financing Solutions to Fuel Customer Development into the Cloud

JMR Electronics, Inc has been an innovator and leader in storage technologies since 1982. With the recent announcement of new additions to their BlueStor™ and SilverStor™ family of products made during the 2012 NAB show, JMR continues to expand and provide a complete suite of cloud ready RAID solutions that are both scalable and ultra-reliable.

Since moving their operating facilities to Chatsworth, California, which many herald as the newly developing silicon valley of sunny southern California, JMR has grown through many notable partnerships and played keys roles in countless projects.

“We are proud to announce our partnership and future collaboration with JMR,” said Dave Mos, Equipment Financing Specialist at Taycor Financial. “The growth and success of our company (Taycor) has always been in creating value added partnerships with leaders in growing industry sectors. As storage solutions evolved from being measured in Megabytes, Gigabytes, and Terabytes, the technology is now rising into the Clouds. Taycor is here to evolve with the technology and provide easy access to leasing and financing.”

“By merging our technology obsolescence program with the benefits of financing, JMR’s customers can not only create and analyze the benefits on a cost-per-Gigabyte of storage basis, but spread that cost over time with a small flexible monthly payment. With the rapid development of technology customers can combat against technology obsolescence through a trade in program. Recently we completed a website integration of a Customer Finance Center that will allow visitors on the JMR website to request an instant monthly payment quote, or submit a simple online application. We are excited for the opportunity to grow through our new partnership with JMR,” said Mos.

About JMR Electronics, Inc

JMR is a leading value provider of scalable storage systems for high performance and capacity driven applications for multiple markets including; video and post-production, military and government, education, VOD, DCC, gaming, security, medical imaging, HPC and Web 2.0. Since 1982, JMR’s reliable and innovative RAID systems are proudly made in the U.S.A., manufactured entirely from their Chatsworth, California facilities.  JMR’s complete line of SilverStor™ and BlueStor™ Cloud-ready rackmount and desktop solutions  are built to handle the most demanding project needs from ingest to deliverable. Reliability. Innovation. Performance. This is JMR. For further information please visit www.jmr.com

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: 08012012 JMR Partners with Taycor to Provide Easy Financing Solutions to Fuel Customer Development into the Cloud

Taycor Financial Amongst Top Private Independent Leasing and Financing Providers

Best Leasing and Financing Companies

Los Angeles, CA – July 2, 2012 (Press Release) MonitorDaily, the equipment leasing and finance industry’s leading source for news has announced Taycor Financial as one of the 2012 Top Private Independents in the United States (based on new business volume in 2011).

Since the launch of the survey, members of the list have created an exclusive club of industry leading equipment leasing and financing companies. For only the second time since its inaugural inception, the top 25 independent finance providers collectively exceeded $4 billion in new business volume. “The recent year’s survey in new business volume showing a 20% increase is a sign of great things to come,” said Bob Skibinski, CEO of Taycor Financial. This year’s 20.7% climb in business activity was the highest increase ever, wrote MonitorDaily.

Taycor was also listed amongst the Top Percentage Gainers being only one of a handful to turn in a better than 50% increase in business. “Much of our growth is attributed to key partnerships with equipment sellers across select industry channels,” said Skibinski. “We took the 3 year hibernation of the economy to evolve ourselves. First, we streamlined our entire application processing procedure by deconstructing each action and automating by technology where possible. We then measured the remaining movements with a stop watch maintaining constant forward momentum. During this time we solidified our established relationships as well as created new ones by providing a true value added business support model. Taycor found innovation by listening to the needs of our partner network and responding with real solutions.”

“Our mission began with purposeful evolution, and the development of a customer finance center for our vendor partner network was the perfect expression of that commitment. On behalf of the entire team of passionate professionals at Taycor, we are excited to continue our path of growth in the second half of 2012,” said Skibinski.

About Taycor Financial

Taycor Financial, a nationwide equipment leasing and financing company headquartered in Los Angeles, has built a reputation of innovation by proactively seeking out new approaches in value added partnership with equipment vendors in the medical, printing, packaging, industrial and manufacturing industries. The customer finance center was developed through the partnership with www.equipmentleasing.org and its member network.

Download: 07022012 Taycor Financial Amongst Top Private Independent Leasing and Financing Providers

Taycor Financial Shows Strong Signs of Growth through Innovative Evolution

Markers for growth in the manufacturing technology sector look solid as the year nears the halfway mark. Taycor Financial reported that demands for machine tool and manufacturing technology was highly volatile through 2011, but as internal reports are compiled in preparation for the second half of the year, the numbers for growth in the sector in 2012 look promising.

For Taycor, the first half of the year began with some very exciting key partnerships in the manufacturing equipment industry. The supported vendor partner network began to register an increase in activity both from the special financing promotions in the first half of the year, and organically as the pent up demand to replace and upgrade outdated equipment began to roll in.

“The machine tool and manufacturing technology divisions of our Group together account for approximately 20 percent of our overall business,” said Michael Hong, Director of Business Development at Taycor Financial. “One of the key components to solidifying those partnerships was in our evolution of vendor partner support. Taycor Financial has grown the marketing department of the company by 200 percent this year alone. The growth is not to market leasing and financing services, but to provide marketing support to our vendor partners. We now have talented staff of full time graphic designers, web developers, SEO/SEM experts, writers as well as other marketing professionals to create a true value added partnership.”

The goal of the growing marketing department is to translate the beta success of the machine tool and manufacturing equipment vendor partnerships into the other industry sectors that Taycor supports.

“Industry reports are beginning to publish strong growth numbers in the first half of the year, and we are showing the same,” said Hong. “We will continue our evolution and innovative approach to providing our growing vendor partner network, in all industries with the tools and marketing support to grow their business. We are creating a company culture that revolves around the statement: Our success is dependent on the success of our partners.”

About Taycor Financial

Founded in 1997 with offices in Los Angeles, Calif. and Boston, Mass., 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.

Easier UV Equipment Financing: Als Co UV Partners With Taycor Financial

Easier UV Equipment Financing: Al’s Co UV Partners With Taycor Financial

Al’s Co UV Curing Equipment, Inc., aims to produce and supply top quality UV curing solutions by way of their unmatched expertise in the field and dedication to their customers. They assist in all aspects of the use of UV curing products, manufacturing their equipment to fulfill each client’s individual needs.

CHINO, CA (APRIL 19, 2011) Al’s Co UV Curing Equipment, Inc., and Taycor Financial have joined forces to provide an easy means of utilizing ultraviolet services through UV curing equipment leasing.

A simple leasing option through Taycor Financial is now offered from Al’s Co UV for those in search of all types of UV equipment. Their products, which have several advantages over traditional drying methods for inks, coatings and adhesives, are designed and manufactured by some of the industry’s most seasoned experts.

“We are proud to partner with Al’s Co UV. They offer so many high quality products to the UV curing consumer that working together will be jointly beneficial in expanding into the UV equipment industry,” said Anthony Pistone, Executive of Business Operations at Taycor Financial.

From an economical price and collaboration with Taycor Financial, Al’s Co UV customers have a much easier way of financing UV curing equipment. Consumers are able to lease most makes and models of UV systems, conveyors, lamps, coaters and coating.

“Not only do they have a large inventory of equipment, but they support their products by providing technical support and spare parts. For any ultraviolet curing products or services, Al’s Co UV has it covered,” Pistone said. “And that is the type of business we are pleased to offer our leasing and financing services to.”

Al’s Co UV holds their products to the highest quality standards possible through experts in the field of UV curing and coating. With the largest network of service technicians throughout the United States, Mexico, and South and Central America, their mission is to become a one-stop shop for all UV curing and coating needs.

About Taycor Financial

Founded in 1997 with offices in Los Angeles, Calif. and Boston, Mass., 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.

Taycor Supports Vendor Partners at the 2012 NAB Show

Taycor Supports Vendor Partners at the 2012 NAB Show

The 2012 NAB Show will hold conferences from Saturday April 14 to Thursday April 19, and exhibits will run from Monday April 16 to Thursday April 19 at the Las Vegas Convention Center. The show highlights over 90,000 media and entertainment professionals from over 150 countries converging to share knowledge, take part in workshops, and have an opportunity to see firsthand advances in broadcasting equipment.

LAS VEGAS, NV (April 13, 2012) An initiative of the National Association of Broadcasters (NAB), the NAB Show has been gathering since 1923. In its current iteration the show will focus on the great content shift that has occurred through extraordinary advances in contributing technologies that have resulted in whole paradigm shifts in content creation, management, distribution, delivery, and finally consumption.

“Taycor has been committed to supporting our vendor partners at the show for the past decade and a half,” said Michael Hong, Director of Business Development at Taycor Financial. “The entire senior staff of account managers, credit managers, and vendor support specialist is made available to provide instant equipment leasing and financing support to our vendor partners. In years past we have noticed more and more of our partners setting up work stations in their booths to not only take down customer information, but to quote them and close the deal. To answer the call of innovation, this year we have rolled out a customer finance center that allows our partners to instantly quote monthly payment options, submit a customer application for financing, and receive real-time updates on approval status from a computer or on their Smartphone.”

“The NAB Show has for years been the platform from which new trends and advances in technologies have been announced, and we felt that it was a perfect fit to officially roll out our customer finance center,” said Hong. “All of the tools, calculators, and equipment leasing and financing resources were ultimately created and developed to support our vendor partners by generating more business through collaborative marketing efforts, and then helping them close more business though the use of leasing and financing as a sales tool.”

“Speaking with organizers of the event, attendance of the show is expected to make a significant rebound from recent years. We are excited to once again be physically, and now technologically present at this year’s NAB Show. We will continue to provide customer centered and innovative support to our partners in the broadcast and media equipment industry, and provide sales support through leasing and financing,” said Hong.

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: 04132012 Taycor Supports Vendor Partners at the NAB Show

Financing a Greener Future Taycor Financial Partners with SunSurfs Solar

Financing a Greener Future Taycor Financial Partners with SunSurfs Solar

SunSurfs Solar USA is the leading green choice for alternative energy equipment. In support of SunSurfs One Million Free Solar Thermal Installation Projects Program Taycor Financial, a nationwide equipment leasing and financing company, has pledged new programs to allow wider access to green energy equipment upgrades.

WHITE PLAINS, NY (MARCH 15, 2012) Taycor Financial will continue to expand their reach into the green energy initiative through their collaboration with SunSurfs Solar USA.

Taycor and SunSurfs will establish a jointly supported solar equipment leasing program to provide easier access to solar energy products for commercial use. SunSurfs has recently announced a One Million Free Solar Thermal Installation Projects Program (see sunsurfs.com for program details) that will serve to reduce the final cost of green energy upgrades. The reduction of cost will allow for faster recoupment of investment through energy savings.

“We are pleased to be able to partner with SunSurfs, which has a history of being one of the industry’s leading providers,” said Michael Hong Director of Business Development at Taycor Financial. “Working with SunSurfs, we hope to help pave the road for business owners that want to think green and save money too.”

The mission of the jointly supported solar equipment leasing program will be to deliver not only industry leading green energy equipment, but to allow the purchase to pay for itself over time.

“Prior to collaboration business owners had to take a big picture approach to solar energy upgrades. The installation of SunSurfs equipment has time and time again proven to recoup initial costs and reduce carbon footprint, however it often had to be paid for out of cash reserves,” said Hong. “Our vision is to provide flexible programs with no down payment that will allow the equipment to pay for itself through savings starting day 1.”

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: 03152012 Financing a Greener Future Taycor Financial Partners with SunSurfs Solar

Equipment Leasing and Finance Activity on the Upswing

Equipment Leasing and Finance Activity on the Upswing

Confidence measurements continue to climb into February as 32% of customer respondents believe that acquisition through equipment leasing and financing is inevitable in 2012. This is up nearly 20% from customer survey results conducted in the first quarter of 2011.

LOS ANGELES, CA (February 27, 2012) The increase in equipment leasing and financing activity from customer respondents about the months to come match with the steady reports of industry growth and a rise in business confidence levels.

With the continued positive outlook and participant optimism of the Equipment Leasing & Finance Foundation’s February 2012 Monthly Confidence Index (source), the once shaky foundation of business growth is starting to solidify. Industry leaders are expecting a strong growth trend throughout the remainder of 2012.

“Some of the factors that affected a stronger and earlier resurgence of capital equipment acquisitions include the still tumultuous European economy as well as the slow to recover construction and manufacturing industries,” says Bob Skibinski, CEO of Taycor Financial.

Traditionally construction and manufacturing sectors have comprised a large segment of the total volume funded in the equipment leasing and financing industry. However, in recent years they were amongst the hardest hit and most affected by the downturn in the economy.

“Both the construction and manufacturing verticals have historically had steady year over year growth in average transaction size as well as an overall need for growth. It was commonplace for many equipment leasing companies to entrench themselves in those two markets, but with recent hardships those companies that did not expand strategic alliances into other industry sectors are either gone or scrambling to play catch up,” said Skibinski.

The customer survey results indicate the continued growth of the information technology and medical equipment sectors as the most active amongst positive responders.

Skibinski added: “Today, our portfolio is more diverse than ever. The learning opportunities as well as the security of a multi-industry alliance ensure our ability to advance the most innovative, and customer focused equipment leasing and financing programs to support the growth of all our partners.”

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: 02272012 Equipment Leasing and Finance Activity on the Upswing