A Leading Provider in Equipment Financing

Your Approach to Financing an Equipment Lease Matters

Your Approach to Financing an Equipment Lease Matters

You’ve performed your due diligence and decided that obtaining a certain piece of equipment will bring undeniable benefits to your business. Those benefits might include streamlining or improving your processes, increasing employee or operations productivity, innovating your product or service offerings and ultimately boosting your bottom line.

Making an investment in the equipment to take your business to the next level also usually takes a substantial investment, which can have an immediate and/or long-term effect on your cash flow. To mitigate or offset financial risk, your approach to equipment lease financing matters.

The time invested in creating a strategic approach will not only help ensure you get the equipment your business needs, but also help you avoid costly mistakes.

Let your answers to the following questions help guide your approach to financing an equipment lease and move your business forward.

 

What is your expectation for financing an equipment lease?

We listed some in the first paragraph. Maybe those apply or perhaps there are more reasons, such as staying ahead of competitors, evolving with the marketplace, etc.

By having realistic expectations, you’re less likely to accept the wrong equipment lease financing for your budget and situation. You’re more likely to assess payment and terms compared to benefits gained and return on investment.

READ: Should You Finance a Lease or Raise Equity to Acquire New Equipment?

 

Are you too close to the situation to make an objective decision?

When the investment in new equipment is on the cheaper side, a mistake can be absorbed pretty painlessly. Chalk it up to live and learn. But often Global Financing & Leasing Services (GFLS) works with business owners who are investing thousands or hundreds of thousands of dollars in financing an equipment lease. Leasing the wrong equipment for your business goals is a costly mistake with potentially serious business consequences.

The bigger the equipment lease finance payment, the more important it is to vet your options. What separates GFLS from other equipment financing providers is that our team provides objective advice and best-in-class service. Our clients have grown to trust our insights in their industry, and we can help you determine how financing new or upgraded equipment leases might impact your capacity, efficiency, competitive advantage and sales.

 

How does the new equipment fit into your overall operations?

Will your new equipment fit your needs right now or in the long run? Equipment financed for your long-term goals can come with additional costs in the short term in areas like training and peripheral investments in marketing in order to achieve maximum return on investment.

For example, medical equipment. Will your staff require training? Are there any software purchases, subscription fees or supply costs involved? Will patients need education on the equipment’s value to their health? In other industries, billing, manufacturing, shipping/receiving costs may be considerable factors.

 

Can your customers and finances tolerate a learning curve?

Considering what having the newest or upgraded equipment can do for your business, it’s understandable to be so excited that you underestimate the learning curve. Any equipment that will innovate your business is going to come with a learning curve for your employees, and maybe even your customers.

Make sure your customers and finances can tolerate the cost of downtime or temporary decreased productivity while your team gets up to speed.

READ: Test Your Knowledge on the Unexpected Benefits of Financing Equipment Leases

 

If new financing a lease on new equipment is out of reach, have you explored used alternatives?

Your finances may hinder your leap to the latest and greatest piece of equipment on the market. But that doesn’t mean you have to give up on your business goals. Consider taking an incremental jump in productivity or innovation. Taking a smaller step can sometimes boost sales to the point where you can more quickly afford to finance a lease for the equipment on which you originally had your mind set.

The GFLS team has expertise in equipment leasing across many industries. It’s worth your time to talk to us about all your options so you can obtain the equipment your business needs to grow while avoiding a costly mistake.

People Are Talking . . .

G. Duncan, CFO, CPA, CFE

Judi your email agrees 100% with our discussion yesterday. I appreciate the customer service and you going to some trouble to help us out. That type of service is remembered and appreciated.
Global Financial and Leasing Client Testimonials
2019-03-20T07:40:24-07:00
Judi your email agrees 100% with our discussion yesterday. I appreciate the customer service and you going to some trouble to help us out. That type of service is remembered and appreciated.

Executive Director, Surgery Center

Judi, please accept my thanks to you and the team there for the very nice cookie basket. We received it this morning and it was a big hit with our staff. Your thoughtfulness is much appreciated and admirable. Again, my thanks to you and Larry for the smooth financing transaction we just completed. Have a great weekend. Now I have to go find some milk.
Global Financial and Leasing Client Testimonials
2019-03-20T07:18:42-07:00
Judi, please accept my thanks to you and the team there for the very nice cookie basket. We received it this morning and it was a big hit with our staff. Your thoughtfulness is much appreciated and admirable. Again, my thanks to you and Larry for the smooth financing transaction we just completed. Have a great weekend. Now I have to go find some milk.

Jeffrey L., FPC Financial Partners

Jerald Collens and Global Financial and Leasing Services have been great in helping me get some of my deals done that I otherwise would not have been able to close. Jerald looks at all aspects of the deal in order to find a solution that suits my clients.
Global Financial and Leasing Client Testimonials
2019-03-20T07:40:58-07:00
Jerald Collens and Global Financial and Leasing Services have been great in helping me get some of my deals done that I otherwise would not have been able to close. Jerald looks at all aspects of the deal in order to find a solution that suits my clients.

Office Manager, Podiatrist

I sincerely appreciate your response on this holiday weekend. You’re a true professional and your dedication with assisting clients has always been honorable. May the remainder of your weekend be enjoyable!
Global Financial and Leasing Client Testimonials
2019-03-20T07:21:41-07:00
I sincerely appreciate your response on this holiday weekend. You’re a true professional and your dedication with assisting clients has always been honorable. May the remainder of your weekend be enjoyable!

Taylor M., General Financial

Your company has helped touch the hearts of both new, and returning mutual clients across the US. Jerald Collens continues to show excellence in his career, and still goes out of his way to make himself available at all times to satisfy our demanding clients needs. We are proud to have a funding partner in our industry that is dedicated to finding a way to say “yes” to every single clients unique circumstances, when other funding sources typically say “no”.
Global Financial and Leasing Client Testimonials
2019-03-20T07:41:17-07:00
Your company has helped touch the hearts of both new, and returning mutual clients across the US. Jerald Collens continues to show excellence in his career, and still goes out of his way to make himself available at all times to satisfy our demanding clients needs. We are proud to have a funding partner in our industry that is dedicated to finding a way to say “yes” to every single clients unique circumstances, when other funding sources typically say “no”.

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!!!
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Global Financial and Leasing Client Testimonials