Construction Equipment Leasing Firms Target Housing Market

Tuesday, December 06, 2005

OPENPRESS) December 6, 2005 -- A red-hot construction market is attracting many equipment leasing companies to capture more of the country's growing number of residential and commercial projects.

Construction is expected to grow in the billions in 2006, according to a forecast by the McGraw-Hill Construction Information Group, a market research firm in New York.

A large part of that increase will be driven by new home building. There were a record number of homes built in 2004 a substantial increase in that is projected for 2006, according to the Building Industry Association.

Construction equipment leasing companies provide leasing for many types of equipment, from backhoes and pressure washers to excavators and compressors.

"We go to where the market is building, and construction is still a real growth area for us," says Nick Myer, vice president of global strategy and marketing for Trycan leasing in Asheville, N.C."

"We believe that equipment leasing should be made easier for the small business owner(s) and for companies seeking to advance their market share. We believe that we have a program that can mean real dollars for any organization willing to try a better and faster approach to equipment financing. "

Traditional financing meant having to put down nearly 25% on equipment purchase. While this would not present a problem for the seasoned company, it might be a hardship for the new start up, or for the organization having minimal cash reserves. However, these days for those looking for construction equipment leasing there is a choice over these decisions. Leasing companies will usually finance 100 % of the equipment cost, and won't require a down payment.

In fact for a company to be considered for an equipment line-of-credit up to $10,000,000.00 – all they need do is to complete a Lease Application and return it via a toll free fax number.

"It's a need in this market," says construction firm owner Bryan Mazurkiewicz of Orchard Development in Clinton Township, who sees plenty of need for this concept. He recently needed a sweeper to complete a job, but had to subcontract the work because he couldn't lease the equipment.

These construction equipment leasing companies require no money down on equipment purchases. Can approve most transactions within the same business day and offer financing terms up to five years.

They can also offer fixed purchase options at the end of the lease term, offer skip payments to many seasonal businesses and special situation financing, or structured lease payments.


Remember!!

We do not affect your personal credit. Banking products such as Loans and Bank lines add debt service to your personal credit which eventually makes it more difficult for you to acquire additional money from them when you need it because your credit score goes down!

No matter how good your credit is today, a bank loan WILL affect it because you now have more debt and/or the potential for more debt!

Many of our clients who have always gone back to their bankers, are now in a panic because they don’t have their bank to fall back on!

All over the country, banks are tightening up both their lending standards as well as what they will let their underwriters loan money for. Don’t forget that your local banker may know YOU, but ultimately he cannot go against lending requirements that come from his Board of Directors or even state mandates.

Don’t try to finance your equipment at your bank. GCR Equipment Finance Products stay “under the radar”.

They do not report on your credit, and will not affect your future borrowing power.

We actually help you protect your all important bank relationship so that it is still there when you need it.

To request more information about equipment financing, GCR Capital, or rates quotes, contact us today

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Judy DiVincenzo
GCR Capital
200 9th Avenue N., Ste 200
Safety Harbor, FL 34695
727-258-0093
877-735-1584
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