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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
Ready to get the funds you need? Apply Online Now!
Judy DiVincenzo
GCR Capital
200 9th Avenue N., Ste 200
Safety Harbor, FL 34695
727-258-0093
877-735-1584
727-258-0122
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Key Equipment Finance Selected by UBS Leasing as Strategic Partner
Thursday, December 01, 2005
SUPERIOR, Colo.--(BUSINESS WIRE)--Dec. 1, 2005--Key Equipment Finance, the third-largest bank-held equipment leasing company in the U.S. and an affiliate of KeyCorp (NYSE: KEY), today announced that it has been selected as a strategic partner of UBS Leasing. UBS Leasing is a subsidiary of UBS, one of the world's leading financial services companies and a market leader in Swiss private and corporate customer business.UBS Leasing will be able to provide an expanded product and service offering to UBS bank customers in Switzerland interested in leasing technology and other business-related assets. This strategic partnership provides a competitive advantage to UBS Leasing with products such as project financing, technology refresh and off balance sheet lease financing, which can enable companies to take advantage of benefits like upgrade flexibility, optimal asset management and improved balance sheet management.
"UBS is a leading, global financial organization that is committed to meeting the needs of its customers," said Karen Larson, president and chief operating officer of Key Equipment Finance's global vendor services unit. "UBS Leasing already provides a wide range of financing for all types of assets, from motor trucks to technology equipment to ships for companies of all sizes, and we look forward to working with them to offer a more diversified product offering in response to increasing demand from their customers."
UBS Leasing noted Key Equipment Finance's comprehensive product offering, including US-GAAP and IAS/IFRS-compliant lease structures, as well as approximately 30 years' experience providing financing options to companies worldwide, as the primary reasons for selecting Key Equipment Finance as a strategic partner.
"Key Equipment Finance is regarded throughout the industry as a leading provider of equipment financing options for global companies," said Gino Giuliato, CEO at UBS Leasing. "Through this alliance, we will be able to provide an expanded range of products and services to meet the equipment leasing needs of mid- to large-sized businesses throughout Switzerland. We look forward to working with Key Equipment Finance's leasing experts to fulfill the increasing demand for flexible leasing options from our new and existing customers."
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