A Leading Provider in Equipment Financing

Why Put Profit Above an Equipment Lease Payment?

When “Scary” Payments Aren’t So ScaryPut Profit Above an Equipment Lease Payment

If you have been putting off leasing equipment for your business because of your less-than-perfect credit score and fear of a “scary” lease payment, stop. You may be stunting business growth for no good reason. Even if you fall in the B or C credit tier, there is much more to the equation than your equipment finance rate and monthly payments.

In fact, we’re going so far as to say that if the equipment you finance is essential to your business and will generate profit then the finance rate shouldn’t affect your decision to lease. You already know whether new or upgraded equipment is essential to your business. Determining if it will generate revenue (and how much) is a matter of analyzing the numbers.

The best way to illustrate that what you stand to gain is more important than what you spend on a payment is by example.

You have your eye on a piece of equipment that you can invoice $100 per hour in use. Based on competitive research, a conservative estimate of use per week is 30 hours.

$100 x 30 hours = $3,000 in billing per week

$3,000 x 4 weeks in a month = $12,000 in billing per month

Of course, operating and labor costs have to be factored in, and you’ll want to be generous in estimating these. For our example, we’ll use $45 per hour.

$45 x 30 hours = $1,350 in expenses per week

$1,350 x 4 weeks in a month = $5,400 in expenses per month

 

$12,000 in billing per month – $5,400 in expenses per month = $6,600 PROFIT

 

Now, let’s look at the equipment lease payment.

Falling in the B or C credit tier, your rate, and therefore payment, will be higher than a rate based on a better credit, which is a reason to improve your personal and business credit score. However, your credit score is what it is for the time being. Your rate and monthly payment will reflect that.

$6,600 monthly PROFIT – $1,200 per month payment = $5,400 per month PROFIT

With a better credit rating, the payment might fall in the $700 range

$6,600 monthly PROFIT – $700 per month payment = $5,900 per month PROFIT

Do you want to spend more on a monthly payment because of less-than-perfect credit? Of course not. But can your business growth afford to be stunted because of it? Usually not. Even paying a higher rate due to poor credit, you’re still generating an extra $5,400 a month profit. And, every month you make your equipment lease payment on time, you’re improving your credit score. The next time you lease equipment you’ll be better positioned to earn a lower rate. Last, but not least, there are many other benefits to consider when leasing equipment that outweigh the expense of the lease payments.

When Other Lenders Say No, We Often Say Yes

Global Financial & Leasing Services (GFLS) strives to approve equipment leases regardless of your credit score. We work with business owners across many industries, such as health/medical, construction, restaurant, machinery/manufacturing, printing, logging/forestry and many others. Our team listens to your story and business goals. We help you run realistic numbers to determine whether leasing equipment with what may seem like “scary” higher rate makes sense for your situation and growth rate.

For an objective look at what’s possible, talk to us.

People Are Talking . . .

Malcolm, President Specialty Contracting Company

Judi, thanks for your support. We are building something here and having folks like yourself on our side makes all the difference!
Global Financial and Leasing Client Testimonials
2019-03-20T07:22:06-07:00
Judi, thanks for your support. We are building something here and having folks like yourself on our side makes all the difference!

T. Poague

Been with these guys for over a year they helped me get my business started it hasn’t went as planned but these guys have worked with me in every way possible my hats off to to mr Ira ,Mrs Judi and mr Sean guarantee I will use them for any of my business financing if possible Great folks

Global Financial and Leasing Client Testimonials
2019-06-27T06:11:01-07:00
Been with these guys for over a year they helped me get my business started it hasn’t went as planned but these guys have worked with me in every way possible my hats off to to mr Ira ,Mrs Judi and mr Sean guarantee I will use them for any of my business financing if possible Great folks

IT/Telecom Vendor Sales Rep

Judi, the thanks is all yours!! You made this happen very smoothly. I am your loyal customer from here on.
Global Financial and Leasing Client Testimonials
2019-03-20T07:22:31-07:00
Judi, the thanks is all yours!! You made this happen very smoothly. I am your loyal customer from here on.

R. Lowery

Had a great experience with Patrick. He was very knowledgable with regard to our specific needs! Thank you!

Global Financial and Leasing Client Testimonials
2019-06-27T06:12:47-07:00
Had a great experience with Patrick. He was very knowledgable with regard to our specific needs! Thank you!

JH, Medical Vendor Rep

Thank you, Judi, you are the best ... So understanding of the complexities of this crazy industry and compassionate enough to work with people in difficult circumstances, there is a special place in heaven for you and Jim.

Global Financial and Leasing Client Testimonials
2019-03-20T07:26:35-07:00
Thank you, Judi, you are the best ... So understanding of the complexities of this crazy industry and compassionate enough to work with people in difficult circumstances, there is a special place in heaven for you and Jim.

Byron Waters

Great folks over at Global. Julian and his Team have helped us out several times always an easy process

Global Financial and Leasing Client Testimonials
2019-06-27T06:13:06-07:00
Great folks over at Global. Julian and his Team have helped us out several times always an easy process

CP – Medical Vendor

I want to thank you both so much for doing a wonderful job with my customers. You truly go the extra mile to assist them with their financing needs.
Global Financial and Leasing Client Testimonials
2019-03-20T07:32:35-07:00
I want to thank you both so much for doing a wonderful job with my customers. You truly go the extra mile to assist them with their financing needs.

Alyson

Very good people.

Global Financial and Leasing Client Testimonials
2019-06-27T06:13:28-07:00
Very good people.

SS, Medical Vendor

I certainly appreciate all the effort and hard work that you put into our customers. Your dynamics show us even when the financial situations are shaky that you still come through with positive outcome. Thank you so much for your hard work!
Global Financial and Leasing Client Testimonials
2019-03-20T07:32:54-07:00
I certainly appreciate all the effort and hard work that you put into our customers. Your dynamics show us even when the financial situations are shaky that you still come through with positive outcome. Thank you so much for your hard work!

Michael B.

Not be any happier with this company.

Global Financial and Leasing Client Testimonials
2019-06-27T06:40:57-07:00
Not be any happier with this company.

President, Plumbing Company

Just wanted to thank you again! I just picked up five new vehicles from a lease I acquired from your friend! I am so excited! Again I cannot thank you enough for all that you have done for me!
Global Financial and Leasing Client Testimonials
2019-03-20T07:37:24-07:00
Just wanted to thank you again! I just picked up five new vehicles from a lease I acquired from your friend! I am so excited! Again I cannot thank you enough for all that you have done for me!

Hollie Aneshansley

Amazing opportunity these wonderful people gave me♡

Global Financial and Leasing Client Testimonials
2019-06-27T06:41:30-07:00
Amazing opportunity these wonderful people gave me♡

President, Plumbing Company

Just wanted to thank you again! I just picked up five new vehicles from a lease I acquired from your friend! I am so excited! Again I cannot thank you enough for all that you have done for me!
Global Financial and Leasing Client Testimonials
2019-03-20T07:37:57-07:00
Just wanted to thank you again! I just picked up five new vehicles from a lease I acquired from your friend! I am so excited! Again I cannot thank you enough for all that you have done for me!

Shaun Land

Great organization to work with. Very friendly staff and a good business partner.

Global Financial and Leasing Client Testimonials
2019-06-27T06:41:50-07:00
Great organization to work with. Very friendly staff and a good business partner.

J, Medical Vendor

It was the best quarter in my 4+ years at XXX!! You guys were a BIG part of it!! Thank You!!!
Global Financial and Leasing Client Testimonials
2019-03-20T07:38:11-07:00
It was the best quarter in my 4+ years at XXX!! You guys were a BIG part of it!! Thank You!!!

I Was Able To Open Business!

Global Financial is the best finance company I have ever dealt with. They are easy to work with and answer all questions you may have. They have made it possible for me to build my business with as little money out of pocket as possible. Without Global Financial, I wouldn't have been able to even open my apparel printing business. I would recommend this company to all business with financing needs. They are definitely my go to finance company any time I need to buy business equipment. I currently have 2 leases with them and have a long history working with them. They are great!

Global Financial and Leasing Client Testimonials
2020-06-25T12:51:44-07:00
Global Financial is the best finance company I have ever dealt with. They are easy to work with and answer all questions you may have. They have made it possible for me to build my business with as little money out of pocket as possible. Without Global Financial, I wouldn't have been able to even open my apparel printing business. I would recommend this company to all business with financing needs. They are definitely my go to finance company any time I need to buy business equipment. I currently have 2 leases with them and have a long history working with them. They are great!

R. Morris, CFO & Treasurer SerenaGroup, Inc.

Global provided our company with financing resources when every other firm said no. Both Jim and Judi Jenks have been supportive beyond any experience I’ve had with other financing firms, their professionalism and “going the extra mile” for their client was the norm, not the exception. I highly recommend Global for your financing needs as you will be dealing with people who truly practice what they preach.
Global Financial and Leasing Client Testimonials
2019-03-20T07:38:25-07:00
Global provided our company with financing resources when every other firm said no. Both Jim and Judi Jenks have been supportive beyond any experience I’ve had with other financing firms, their professionalism and “going the extra mile” for their client was the norm, not the exception. I highly recommend Global for your financing needs as you will be dealing with people who truly practice what they preach.

Honor and Privilege Working With You!


I appreciate the recap of Sch 021.  Somehow we have muddled through the  lease payments for Sch 021 and it's exciting to be so close to owning. 



 



Thank you for all your help and patiences through some of our more difficult moments.



 



It is such an honor and privilege working with you.



 



All the best,



Tracie

Global Financial and Leasing Client Testimonials
2020-08-11T13:31:36-07:00
I appreciate the recap of Sch 021.  Somehow we have muddled through the  lease payments for Sch 021 and it's exciting to be so close to owning.    Thank you for all your help and patiences through some of our more difficult moments.   It is such an honor and privilege working with you.   All the best, Tracie

M.C., President Wound Care Management Company

GFRS has allowed our business the growth we needed and given us an exceptional partner we can count on. Other leasing firms were merely interested in looking for certain numbers to meet in the short term. J.D. Jenks, CEO, understood our business model, why we needed what we needed.
Global Financial and Leasing Client Testimonials
2019-03-20T07:38:42-07:00
GFRS has allowed our business the growth we needed and given us an exceptional partner we can count on. Other leasing firms were merely interested in looking for certain numbers to meet in the short term. J.D. Jenks, CEO, understood our business model, why we needed what we needed.

D. Williams, Owner Discovery Ultrasound

Sweet! Thank you so much for all of your help and incredible speed. I just wanted to tell you that this new piece of equipment will be a game changer for my business. No one within 250 miles of me has one. I will crush my competition!
Global Financial and Leasing Client Testimonials
2019-03-20T07:39:06-07:00
Sweet! Thank you so much for all of your help and incredible speed. I just wanted to tell you that this new piece of equipment will be a game changer for my business. No one within 250 miles of me has one. I will crush my competition!
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Global Financial and Leasing Client Testimonials