Brenda H., Author at Global Financial & Leasing Services, LLC

Concern Rises as Small Businesses Borrow from Unregulated Online Lenders

January 3, 2020

by Brenda H. Industry News

DEC 31, 2019 – 7:00 am

The Wall Street Journal reported that small businesses continue to borrow from unregulated online lenders, raising concerns about “sky-high” rates and other costly terms.

In 2019, one-third of small businesses applied for a loan, up from 19% in the previous year, according to research from the Federal Reserve.

The Journal reported that tech-enabled lenders are meeting the needs of small businesses that banks are unable to serve, but often at the detriment of the borrowers who are often unable to repay their debts.

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READ: There are Equipment Leasing Finance Companies, and There are Partners

There are Equipment Leasing Finance Companies, and There are Partners

December 30, 2019

by Brenda H. Accolades Company News

If you’re a business owner with an equipment lease on the horizon, it’s in your and your company’s best interest to not only perform due diligence, but to choose an equipment financing partner for your lease, not just any provider.

More often than not, your equipment can make or break your business in terms of growth and productivity, and the company that you choose to work with regarding financing the lease for that equipment should not only be reputable, but also a true partner in your success.

At Global Financial & Leasing Services (GFLS), we value our clients, and we do everything within our power to their businesses grow and thrive. We truly exist to help our clients achieve their short- and long-term goals.

Our clients’ proudest business moments are our proudest moments. Take clients in the medical industry, for example…

“You are the best…so understanding of the complexities of this crazy industry, and compassionate enough to work with people in difficult circumstances.”

J.H., Medical Vendor Rep

“Thank you so much for all of your help and incredible speed. 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!”

D.W., Discovery Ultrasound

Medical equipment is expensive and technology advances at a rapid pace, which makes financing medical equipment leases popular with healthcare practice leaders. GFLS partners with medical professionals, both human and veterinary, to finance critical medical equipment leases. With essential or novel equipment, medical practices can attract patients and grow more quickly.

“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.”

S.S., Medical Vendor

“Not your average lender! Judi and her staff were very professional and prompt in helping us to grow our company. Very fair and willing to work with us through the entire purchase and assured that all vendors involved had fulfilled their orders and met my needs. We look forward to a long and successful partnership with Global Financial.”

R.P., Pennington Designs

When it comes to your business, you put your heart and soul into it—not to mention time, energy, and money. That’s why it’s so important to work with those who will be more than just a leasing provider.

At GFLS, we understanding the nuances and needs of the industries in which we finance equipment leases. We always go the extra mile when needed to see our clients as more than their credit score, and we provide opportunities for those who have heard the word “no” a lot. That’s what makes us more than an average equipment lease finance company. We’re also a business partner to those who want to finance an equipment lease, build their company and gain an advantage (or at least keep up) with their competition.

If you’re looking to finance an equipment lease, talk to us about being your business partner. Get started growing your business today by filling out our application.

Understanding Property Taxes on Your Leased Equipment

December 26, 2019

by Brenda H. What about Taxes?

Updated September 29, 2026.

Property tax on business equipment can affect the total cost of a lease. The rules differ by state and local jurisdiction, and the agreement determines how any assessed tax is handled between the parties. Review the documents for your specific transaction and ask questions before signing.

Who is responsible for the tax?

The legal owner, the business using the equipment and the party billed by a taxing authority are not necessarily the same for every agreement or location. A lease may require the customer to reimburse assessed taxes even when the lessor receives the bill. Another transaction may handle the obligation differently. Your agreement and local rules control the answer.

What should I ask before signing?

Does the agreement address personal property tax, sales or use tax, and any administrative fee separately?
Who reports the equipment, receives the assessment and pays the taxing authority?
How will I be notified and billed if a tax is passed through to my business?
What happens if the equipment moves, is returned, or is purchased at the end of the term?
Which year, location and equipment description will be used for the assessment?

Keep the agreement, invoices, equipment description and any tax notices together. If a bill seems inconsistent with the contract or equipment location, contact the servicing team promptly and ask for the assessment details.

Where can I get a transaction-specific answer?

Ask GFLS how the proposed documents handle tax billing and contact your accountant or tax adviser about the applicable jurisdiction and your business’s tax treatment. You can also review the equipment financing and leasing overview before choosing a structure or contact GFLS with a question.

This article is general information, not tax or legal advice. Tax obligations, deductions and billing processes vary by location and agreement.

Here We Grow

November 22, 2019

by Brenda H. Company News

GFLS, a Leading Equipment Leasing Finance Company, Moves to a New Scottsdale Location

Last October, Global Financial & Leasing Services (GFLS) hosted an open house at our new, larger Scottsdale location. More than 150 guests, including past and present clients, board members and fund investors attended the event hosted by GFLS’s employees, and owners, Jim and Judy Jenks, and Sean Duffy. Attendees enjoyed appetizers, beverages and raffle prizes.

For many companies, relocating to a larger space means that their business has outgrown its current location. For GFLS, the need for a larger office reflects our business is growing, too. However, our growth is a direct result of our clients’ business growth.

As a leading provider of equipment financing, our business IS helping our customers grow theirs, whether they’re small and mid-sized companies, startups or business owners with credit blemishes. The two are directly linked.

When the GFLS team can help business owners obtain the financing they need for leasing equipment essential to their services or product, they can expand into new areas, stand against competitors, make strides in efficiency and improve productivity—and in the end, boost their sales revenue.

GFLS works with equipment vendors and business owners in various industries, including:

Healthcare and Medical
Construction
Restaurant
Machinery and Manufacturing
Printing
Logging and Forestry

The equipment leases that GFLS finances in these fields are often a sizable investment with the potential to take a business to the next level. Typically, GFLS’s clients struggle to find the funding they need for new or used equipment due to tighter regulations and stricter requirements in traditional banking institutions. The Great Recession practically shut out many people without “A-type” credit from the equipment financing market. GFLS was created in 2009 to give those without perfect credit an option.

READ: Nearly 8 in 10 End Users Acquire Equipment Through Financing

As clients celebrated GFLS’s new location during the open house, they also were celebrating their own business successes and growth. The GFLS team takes pride in helping clients finance the leases for the equipment they need to grow. And, when it’s to a larger space, all the better.

Though GFLS’s address has changed, our motto, “When Other Lenders Say No, We Often Say Yes” is the same as it’s been and always will be no matter how often we outgrow our office space.

Contact the GFLS team to find out more about how we help business owners, who otherwise would be turned down by banks, finance equipment leases.

ELFF: Nearly 8 in 10 End-Users Acquire Equipment Through Financing

October 30, 2019

by Brenda H. Industry News

According to the 2019 Equipment Leasing & Finance Industry Horizon Report released by the Equipment Leasing & Finance Foundation, approximately 79% of businesses rely upon financing for at least part of their equipment and software purchases.

In a recent article, Monitor Daily summarized the 2019 report, which gives key industry performance data as well as a detailed analysis of recession risk.

You can read the full article from Monitor Daily here, and view the 2019 Equipment Leasing & Finance Industry Horizon Report released by the Equipment Leasing & Finance Foundation here.

When Logging Equipment Financing Makes Sense

October 18, 2019

by Brenda H. Benefits of Leasing Industry News

Logging and forestry operations depend on productive equipment working in demanding conditions. A breakdown, new timber contract or production bottleneck can create an immediate need for a skidder, loader, harvester, processor or other machine.

Financing may help an operator acquire needed equipment while keeping more cash available for payroll, fuel, repairs, insurance, trucking and the seasonal costs of running the business.

When Financing May Be Useful

A contract or tract requires additional production capacity.
An unreliable machine is causing downtime during a limited work window.
The operation needs to balance cutting, skidding, loading or processing capacity.
A suitable used unit becomes available through a dealer, auction or private seller.
The business wants to preserve cash for operating needs rather than pay the entire purchase price at once.

Equipment and Business Details Matter

Logging equipment is specialized and often operates in difficult environments. The review may consider the machine’s year, hours, condition, value, configuration, seller and remaining useful life together with the operator’s experience, cash flow, seasonality and current work.

Learn more about current logging and forestry equipment financing options, including the information GFLS uses to understand the complete transaction.

New and Used Equipment May Be Considered

Potential assets include skidders, feller bunchers, harvesters, forwarders, log loaders, chippers, grinders, mulchers, processors, delimbers, slashers and qualifying support equipment. Eligibility and financing structure vary by applicant, equipment, seller and transaction.

What Helps the Review Move Efficiently

Vendor quote, purchase agreement or auction documentation
Equipment year, make, model, serial number and hours
Photos, condition information and maintenance records when available
Recent business bank statements
Financial statements and tax returns when required
A brief explanation of the contract, tract or production need

Discuss the Machine and the Work Behind It

Start a 2-Minute Financing Request or View Logging & Forestry Financing.

All financing is subject to credit approval, program availability and final documentation. Rates, terms, advance amounts, deposits, fees and funding timing vary by applicant and transaction.

Financing for Feller Bunchers

October 9, 2019

by Brenda H. Industry News

When it comes to highly productive felling machines, feller bunchers are at the top of the list because they work well in thinnings and clearcuts. Plus, compared to manual felling, feller bunchers offer better control when felling trees, which can minimize residual stand damage.

What dictates the size of feller buncher that would serve your company’s demands (and how much financing for feller bunchers you will need)?

The type of forestry work your company is doing
Your productivity goals
Where you are going to use it
The impact on surrounding area

As one of the most practical logging machines, a feller buncher has the ability to cut multiple trees at the same time or in a row, gathering them up like a bouquet of flowers. A feller buncher can do this before the group of trees ever hit the ground—literally gathering up a “bunch.” This obviously saves your company a lot of time and energy (and therefore, money) because it makes the process go faster than gathering one tree at a time.

A feller buncher also is efficient for clearing wide areas of growth because it grabs the trees, saws them from their base, and stacks them in a manner so they can be more easily loaded onto a forwarder.

Because a feller buncher is practical and efficient, logging companies that have one or a fleet of them can gain a competitive advantage in the marketplace. However, feller bunchers are a hefty investment. According to numbers released by the U.S. Forest Service, hourly productivity ranged from 428.9 to 2267.7 ft3 per productive machine hour (PMH) for the feller buncher and 178 to 2186 ft3/PMH for the top/delimber. Hourly costs were estimated to be $99.68/PMH for the feller buncher and $28.23/PMH for the top/delimber.

Purchasing a feller buncher outright ties up a significant amount of your company’s cash. But not to worry. Lease financing for feller bunchers is a very popular option for logging and forestry business owners. And, you don’t even have to have excellent or even very good credit.

READ: You Need to Package Your “Story”

By financing instead of buying this critical piece of logging equipment, you can take advantage of its abilities without committing to the expensive outlay that purchasing requires. Working with a company, such as Global Financing & Leasing Services (GFLS), is a means to add a feller buncher to your equipment fleet and begin benefitting immediately from improved processes and productivity.

In addition, your cash can be reserved or budgeted for other important business objectives like hiring skilled labor, training, marketing and such.

Maybe you want to replace your outdated or broken feller buncher, move into a new area, or get a logging or forestry business off the ground. Whatever your business goals, lease financing for your feller buncher couldn’t be easier with GFLS.

We are experts in lease financing for feller bunchers and other logging and forestry equipment for small- to medium-sized businesses. If you are looking for a new feller buncher and you need to secure financing, you will appreciate our expertise with both tracked and wheeled machines.

In most cases, we don’t require a down payment, and we have a long history of helping business owners who have less-than-perfect credit. If you’ve had trouble getting financing from a bank or other lender, we may be able to help you.

As you build or expand your logging business, we have you covered when it comes to lease financing for feller bunchers and any other logging machinery. Please contact us today to learn about your lease financing options.

How to Finance Commercial Printing Equipment

October 1, 2019

by Brenda H. Industry News

Commercial printing businesses compete on speed, quality, capacity and the range of work they can produce. A new press, finishing system or specialty printer can add capability, but it can also require a significant cash investment.

Financing may allow a print shop to acquire equipment while preserving cash for paper, ink, substrates, labor, maintenance and the gap between completing a job and receiving payment.

When Printing Equipment Financing May Make Sense

An aging press is creating downtime or limiting production quality.
A new customer or contract requires greater speed, volume or capacity.
The business wants to bring outsourced printing or finishing work in-house.
A shop is adding wide-format, packaging, labeling or specialty-print capability.
The owner wants to preserve operating cash instead of paying the entire purchase price at once.

Equipment That May Be Considered

Transactions may include digital production presses, offset presses, wide-format and flatbed printers, label and packaging systems, cutters, folders, bindery equipment, laminators, mailing systems and other essential-use production assets.

View GFLS’s current commercial printing equipment financing options for more information about eligible equipment, documentation and the review process.

Evaluate the Complete Project

The equipment price is only one part of the decision. A strong request also accounts for delivery, installation, training, software, electrical work and other documented project costs. Availability of financing for those costs depends on the program and transaction.

For used equipment, provide the year, make, model, condition, seller information and available valuation or inspection details. The financing structure should match the equipment’s expected useful life and the business’s ability to support the payment.

Prepare a Clear Request

Vendor quote, invoice or purchase agreement
Equipment specifications and seller contact information
Recent business bank statements
Financial statements and tax returns when required
A concise explanation of the additional capacity or capability

Explore the Next Step

Start a 2-Minute Financing Request or View Printing Equipment Financing.

All financing is subject to credit approval, program availability and final documentation. Rates, terms, advance amounts, deposits, fees and funding timing vary by applicant and transaction.

3D Printer Financing for Businesses

September 25, 2019

by Brenda H. Industry News

From the biggest corporations to the smallest startups, it seems like every business is harnessing the power of 3D printing to expand their offerings, not to mention their market share and sales.

Who would have ever believed that so many items could be printed in 3D, including clothing, musical instruments, equipment parts, food, and even a car. Companies are certainly taking advantage of the incredible 3D printers that have the technology to make almost anything.

3D printers are being used to make new products and improve on existing ones, and it’s becoming more and more mainstream. Just look at General Electric (printing fuel nozzles), Nike (cleats), Hasbro (toys), Ford (engine covers), Boeing (air ducts and hinges), and Hershey’s (chocolate). In 2015, the first 3D-printed car was unveiled.

Many industries are getting on board with 3D printing, including the medical, architectural, jewelry, food, toy, fashion, and automotive industries. And smaller businesses are no exception. Small- to medium-sized startups have also jumped onto the 3D printing band wagon. These companies do everything from creating prototypes to making jewelry and toys to printing miniatures for films.

In fact, it’s been predicted that in 15 years, 85% of all businesses will be using 3D printing in some way or another.

With all this said, it’s no surprise that 3D printing has elevated the printing industry to the next level. With no signs of 3D printing going anywhere anytime soon, if your business does any sort of printing and could progress by incorporating a 3D printer, you should most definitely determine how to add one to your arsenal, as well as how to pay for it.

Financing a 3D Printer as the Next Step in Business Growth

Having a 3D printer at your business will help either with your own products or your customers’ products. Either way, having this cutting-edge technology will both further your operations and give you a leg up over your competitors who are slower to adopt this technology.

Of course, high tech, top-quality 3D printers and equipment are not cheap. But don’t let this stop you as with all technology the prices for 3D printers eventually will come down. Plus, you don’t have to own one to profit from one—you only need to have access to one.

READ: Why Put Profit Above an Equipment Lease Payment

This is where lease financing for 3D printers can help. By leasing a 3D printer, you’re gaining critical technology that is key to the future compared to making a monumental investment if you were to purchase it outright. As 3D printing technology improves, financing a 3D printer lease offers a convenient way to upgrade more easily versus owning the printer.

No Stranger to the Printing Industry

At Global Financial & Leasing Services, we offer special lease financing for 3D printers that includes the printers, CAD software, scanners, 3D modeling software, and any materials you may need (such as plastic, glass, metal, and ceramics).

Whether you’re replacing older 3D printing equipment or investing in it for the first time, Global Financial & Leasing Services can help. We can provide lease financing for 3D printers that minimizes costs, while maximizing your return.

We have expertise in the field of lease financing for 3D printers for small- to medium-sized businesses, and we would love to speak with you. We don’t require any down payment, and we specialize in helping business owners who have less-than-perfect credit.

If you’re interested in lease financing for 3D printers and other equipment, please contact us at Global Financial & Leasing Services to learn more.

The Longevity and Retooling of Packaging Machines

September 5, 2019

by Brenda H. Benefits of Leasing

When you think about it, basically everything that consumers purchase comes in a package…and those packages were shipped in a package, and those packages most likely came in even bigger packages at one point.

The packaging industry affects nearly every other industry in one way or another, at some time or another and so it makes sense that packaging is considered to be the third-largest industry in the world.

More Efficient

Packaging machinery makes unit production much more efficient. When you have a packaging business, every millisecond counts—and with the right machinery, production that may take one minute can be decreased, making profit increase. In other words, the quality and efficiency of packaging machinery generates or eats away at revenue.

As technology improves, it’s important to keep in mind that this valuable machinery must be kept updated.

Manufacturers of packaging machinery often upgrade this equipment to be even better, faster, and more efficient, which means that the companies that use that equipment will be better, faster, and more efficient as well. Upgrades mean that “bugs” are worked out of the machines and that improvements are made. Plus, packaging industry customers change formulas or packaging needs, which can require upgrading or retooling systems.

When a business is either being built or modernized, one of the most important elements of the budget planning is the packaging machinery’s lifespan. With the right equipment, a new packaging company can be thriving within a few months, and an established one can take production from good to the best.

Packaging machines are often necessary to the growth and progression of a company, because a company can grow with the upgrades. This is what makes them great candidates for financing: they can help a company generate revenue as they are being paid for.

READ: Why Put Profit Above an Equipment Lease Payment

Lease financing for the packaging industry has helped many companies because instead of buying packaging machinery outright up front, the machines can be financed and the extra money can be put into the business.

The first step is to determine what packaging machinery is needed (or will be needed for an upgrade), and then set up lease financing for your packaging industry business with a reputable lender who will help you determine the best plan for you.

At Global Financial & Leasing Services, we have expertise in the field of packaging machine financing, and we can guide you in the right direction. We don’t require any down payment, and we specialize in helping business owners who have less-than-perfect credit.

If you’re interested in lease financing for the packaging industry, please don’t hesitate to contact us to learn more!