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.

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Taycor Financial Introduces New YouTube Channel

In a continued effort to provide their customers with 24/7 easy access to knowledge and information necessary to make informed decisions on equipment leasing and financing, Taycor Financial has expanded their delivery platform to online video.

LOS ANGELES, CA (February 20, 2012) Taycor Financial has expanded their reach into one of today’s most popular methods of information delivery and topic research. The newly launched YouTube channel, located at http://www.youtube.com/taycorfinancial, will feature on-demand streaming content from Taycor’s growing knowledge base of informative articles, equipment leasing news, promotions, and introductory programs.

“Our directive was to provide instant and constantly accessible informational content for our users. Our Finance Your Equipment series of videos will be produced with customer education in mind” said Michael Hong, Director of Business Development at Taycor Financial. “The topics in production range from credit preparation for new business applicants, a guideline to securing the right-fit-equipment-financing in today’s changing landscape of business financing as well as on-site interviews of current customer experiences. As we continue to increase the topics of our video offerings, our goal is to create a new avenue to connect and communicate with our audience.”

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Equipment Leasing Rates to Remain Low in Light of Bernanke Announcement

Equipment Leasing Rates to Remain Low in Light of Bernanke’s Announcement

LOS ANGELES, CA (January 26, 2012) Fed Chairman Ben Bernanke announced Wednesday that interest rates are not likely to rise from their current record low until at least late 2014. The news came as an extension of nearly 18 months from the previous commitment to keep rates low until 2013.

Since 2008, the Fed has attempted to stimulate economic growth by lowering the interest rate banking institutions charge each other for overnight loans. By maintaining rates at near historic lows the Fed is attempting to stimulate spending by both consumers, and businesses alike.

In light of Bernanke’s announcement Bob Skibinski, CEO and Founder of Taycor Financial, said: “With interest rates at all time lows equipment leasing and financing is going to be a huge tool for business growth across all industry verticals. Many of the surviving businesses after weathering the economic storm of the last few years are left with smaller cash reserves. With the economy growing, existing equipment and infrastructure aging, and an environment of fewer competitors, customers and partners are calling in droves to acquire financing for their equipment acquisitions.”

Taycor recently announced two leasing promotions to help businesses conserve capital while still getting the equipment they need. “We remain committed to our customers and partners in providing the best possible rates and programs,” says Skibinski.

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InternScout Partners with Equipment Leasing Company to Create International Business Exchange Program

InternScout Partners with Taycor Financial to Create International Business Exchange Program

LOS ANGELES, CA (January 19, 2012) Taycor Financial has announced the launch of an international internship program in partnership with InternScout. The program will focus on postgraduate as well as current university level students studying business, finance, or marketing.

InternScout, one of the leading placement agencies in the U.S. has more than 200,000 registered international students, and recent graduates throughout Europe and abroad. With offices in San Diego, CA and Leipzig, Germany, InternScout’s mission is to provide international students placement with premier U.S. partner companies. Their goal is to provide an opportunity to exchange business culture, and create long-term relationships around the world.

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Taycor Financial Helps to Conserve Business Capital with Two Equipment Leasing Promotions

Conserve Business Capital Equipment Leasing Promotions

LOS ANGELES, CA (January 9, 2012) Taycor Financial announced this week two equipment leasing promotions to help businesses conserve capital while still getting the equipment they need.

The “step lease” and “90 day deferral” programs are for qualifying credits with 2 or more years in business. The programs will provide a period of time beyond the standard delivery and installation phase, where the equipment will have time to start working and generating revenue. The programs were designed primarily for purchasing technology equipment, software, and infrastructure, but they can easily be applied to traditional commercial equipment lease purchases as well.

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Taycor Financial Announces New Website

Taycor Financial Announces New Website

LOS ANGELES, CA (January 3, 2012) Taycor Financial, an award winning leader in the equipment leasing and financing industry is excited to announce the launch of their new website, taycor.com. Since 1997, Taycor has centered on a culture of constant improvement to reach the company’s objective, to help customers and vendor partnerships achieve greater success. With the last redesign completed in 2008, the goal of the current overhaul is to provide a more functional, user-friendly navigation experience. The mission was to provide the desired information or action all within three clicks of the mouse.

Michael Hong, director of business development at Taycor, says: “The website refresh and site architecture design was planned around the 3 clicks concept. During the storyboarding phase, if the user entered the site at any point and couldn’t get to where they wanted to go within three clicks of the mouse, we started over. At least five fully developed working models were designed and created, only to be dragged into the desktop recycle bin. We collaborated with long time partners in the equipment leasing industry to compile, meet, and then exceed user expectations. The result is a consummate presentation of equipment leasing and financing information available to users around-the-clock.”

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Taycor Financial Silver Award Recipient for Top Technology and Office Equipment Leasing Companies

Taycor Financial Silver Award Recipient for Top Technology and Office Equipment Leasing Companies

NEW YORK, NY (Source: Top Ten Reviews) Office equipment leasing is a valuable alternative and powerful financial tool to help your business grow and thrive. Making sure you are working with a reputable and solid company is vitally important. That is why we rated Taycor Financial as one of our top choices for online equipment leasing companies. This company is continually striving to meet and exceed their customer’s expectations and rise above the industry standards for quality and service. They have even made the “Inc 500” list of America’s fastest growing private companies.

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Growing Against the Grain: A Story of Expansion in a Time of Recession

Growing Against the Grain: A Story of Expansion in a Time of Recession

LOS ANGELES, CA (November 10, 2011) Pick up the newspaper or turn the radio on and it’s not news that the economy is still in a slump, and the job market is all but stalled. Even though the media has painted a picture of doom and gloom, at least until the government can make some headway on the job market or the proposed deficit reduction, Taycor Financial of Los Angeles, CA is opening its doors wide to growth and expansion.

Inducted and listed in the top 20 Inc. 500 fastest-growing private companies, growth is not a new concept at Taycor. “The floodgates are opening. Customers who delayed replacing aging equipment, or leasing new equipment since the downturn can’t put it off any longer,” said Bob Skibinski, Taycor Financial CEO.

Taycor and its vendor finance partners are seeing significant growth in sales as they remain committed to approving wider credit windows, faster, at a lower rate, and with less paperwork. Actively recruiting new sales talent and welcoming prodigal sons back from service in other industries; Taycor, has expansion firmly rooted on the mind as 4th quarter quickly approaches.

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Michael Hong Joins the Taycor Financial Family

Michael Hong Joins the Taycor Financial Family

LOS ANGELES, CA (September 8, 2011) Michael Hong of Atlanta, GA has joined the Taycor Financial team as Director of Business Development and Marketing. In his new role, Hong will be responsible for growth and development initiatives as Taycor continues to grow quickly during the economic recovery. He will be working towards not only creating new and innovative lease programs to grow equipment seller partnerships, but also streamlining in-house processes to create a fast and easy user experience for equipment buyers. In preparation Hong expects to recruit, train, and grow the sales department through the end the year and into 2012.

Hong brings 10 years of equipment finance and leasing industry experience from a direct competitor to Taycor. Previously serving as the VP of Business Development for a nationwide leasing company based in Atlanta, GA; Hong expects to use his experience to directly and immediately contribute to the continued growth and success at Taycor. Hong makes his return to the equipment leasing industry after serving as Director of Imports (North America) at a South Korean steel mill.

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Taycor Beats Other Equipment Leasing Companies for Small Business Equipment Financing – Especially in This Tough Economy

Taycor Beats Other Equipment Leasing Companies for Small Business Equipment Financing - Especially in This Tough Economy

LOS ANGELES, CA (September 16, 2010 Source: PRNewswire) “Many business owners don’t realize that funding is still available for equipment purchases, even if the banks are turning them down,” says Bob Skibinski, CEO of Taycor Financial. “Unlike other equipment leasing companies, here at Taycor, we are getting deals done for our clients every day; which means you are going to get the new piece of equipment you need, and you are going to get it fast.”

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