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November Is the Month for Giving Thanks

by Company News

Global Financial Leasing Services
Has Much to be Grateful ForGlobal Financial Resources

The Global Financial & Leasing Services (GFLS) team hopes you had a remarkable Thanksgiving. Like so many do during November, our team reflected on the many things we have to be grateful for this year.

Measurable Growth

2018 has been a time of measurable growth for both GFLS and our clients. To help meet demand and continue providing the personal level of service our clients deserve and expect, we hired three new team members. These focused and motivated people have joined our operations and our sales departments. We brought them on board to help with back-end responsibilities and sales support. Their work ethic makes each of them an excellent fit for our existing team who put 100 percent toward helping our clients obtain the equipment financing they need. Our newest team members allow us to streamline processes and keep response time quick.

The need to hire additional staff indicates that our clients’ businesses are growing too, or else we wouldn’t be seeing the demand for equipment essential to expanding business – a win/win for all.

We are deeply grateful for the new customers who’ve turned to us this year to help them finance and lease equipment. So far this year, our number of customers has increased 100 percent over this same time period of 2017. And, we’re even more thankful to our current customers who have referred new clients to GFLS because we work hard every day to earn their respect and trust.

Along with new customers, we have been fortunate to begin partnerships with new brokers – 25 percent more new brokerage relationships over 2017 to be exact. The support GFLS has seen from the broker community is humbling.

Celebrating 10 Years in Business

Last, but not least, we are grateful to be coming on the tail end of celebrating our tenth year in business. It’s a well-known fact that many businesses do not survive past their fifth year. GFLS has surpassed the norm by twice that. Fortunately, there is no end, but instead more growth in sight. This is an extraordinary accomplishment for any business, especially one like ours that Jim “JD” Jenks founded during the Great Recession in 2009.

As we prepare for the end of 2018 and the start of our next decade, our philosophy that business owners are more than numbers on paper is always top of mind. We’ll continue to take character and other factors into consideration for our clients who need equipment lease financing. After all, the many things for which are grateful wouldn’t be possible if not for our clients. For that, we are grateful and blessed.

Can You Imagine a Big Bank Calling YOU to Defer Your Equipment Lease Payments After a Disaster?

by Company NewsFinancing

Global Financial & Leasing Services’ Clients Can

 

As we’re writing this blog, it’s hurricane season. Right now, millions of people in the southeast are keeping an eye on several storms moving across the Pacific Ocean. Many of these people are small or mid-size business owners. Many more people depend on these companies for their livelihoods. Should one or more of these storms develop in to full-fledged hurricanes, like Hurricanes Harvey and Irma in 2017, damage easily runs into the billions. For small to medium-sized businesses, hurricanes not only cause physical damage to structures and equipment, but also forces their owners and employees to face the hardships of rebuilding and reopening the doors.

While business owners keep an eye on approaching storms, who’s keeping an eye out for their best interests when a hurricane makes landfall? Their equipment financing provider is the least expected answer. However, that’s exactly what happened last year after Harvey and Irma tracked devastating paths in the south and southeast.

It’s not a common occurrence for most equipment financing customers to receive a payment deferral on equipment leases after a disaster. Usually a customer would have to contact their lender/lessor and request a payment deferral due to a tragedy. What’s special about working with a personal service-focused equipment-financing provider, like Global Financial & Leasing Services (GFLS), is that they will often reach out to their customers adversely affected and address their needs.

GFLS president, Judi Jenks, explains, “As a small business, we respond quickly because we don’t have to go through layers upon layers of decision makers. Our management team watched the news footage of Hurricanes Harvey and Irma, and we wanted to help in a way that made a fast, positive impact on our clients. We did a search of our database for lessees in the affected areas and automatically applied the payment deferral. Then, I personally called each one to let them know they had one less thing to worry about.”

The difference between obtaining financing for essential business equipment from a “big bank” and a smaller equipment financing provider was never so evident than it was for a GFLS Services’ client in Florida. He had lived in the Sunshine State all his life, yet Hurricane Irma was the first time he had to deal with insurance companies.

Judi recalls, “This client lost the roof off his personal residence among other damage. That alone was a nightmare situation. When I called him to tell him about the equipment financing deferral, he was simply ecstatic over what we had done and was so appreciative. It was the least we could do given the circumstances, but took a burden off his shoulders while he began to get life back to normal.”

It’s heartbreaking to watch coverage of cities being battered by waves, rain and wind. What people tend to forget is that along with damage to homes and city infrastructure, business owners are facing the same problems on two fronts – home and business.

“Even though GFLS Services is located in Scottsdale, Arizona, we’re still looking out for our equipment financing clients across the country. We always encourage our clients to call us at (480) 478-7400 and ask to speak directly to me or Rachelle, our operations manager, should they be dealing with a disaster and need help,” says Judi.

Global Financial & Leasing Services, a Veteran-Owned Leading Equipment Financing Provider

by Company News

Once a Leader, Always a Leader. We Know No Other Way.

Prior to founding Global Financial & Leasing Services and before earning a reputation in the industry as a successful leasing executive while starting other equipment financing companies, Jim “JD” Jenks served in the U.S. Army and is a Vietnam veteran. Jim not only served his country in the 45th surgical hospital, also he earned the Bronze Star Medal, which is awarded for heroic or meritorious achievement or service. Character and leadership – both are instilled in Jim, and both run deep in Global Financial & Leasing Services. Also, both run deep in our client’s businesses.

In 2009 during the Great Recession, he created Global Financial as a financing provider for small- to mid-sized businesses and professionals with credit blemishes that shut them out of traditional credit markets. Access to financing was needed in the tightening credit industry. Numbers on paper shouldn’t be the only factor taken into consideration when it comes to deciding whether a company can finance the equipment needed for business. Jim stepped up and did what was necessary, always has.

As a private veteran-owned business, Global Financial can take character into account along with financial performance and credit scores. As far as Jim and his team are concerned, serving our country speaks to an applicant’s character. It’s a business philosophy that resonates in the marketplace, considering Global Financial is one of the largest veteran-owned companies in the Phoenix, AZ area.

Jim and his team believe in making a difference. He is actively involved in S.E.E.4 Vets and the U.S. Department of Veterans Affairs. Whether it’s in business or in the community, Global Financial & Leasing Services leads. Jim and his team know no other way. If you have a business that needs equipment and a financing provider who values your character as much as your credit score, contact us today.

Successful Financing Take-Out of Printing Presses

by Company News

Global Financial Finances Take-Out of Two Large Printing Presses

MAC Financial was getting out of the press financing and was looking for a company to take out the financing on a family owned printing company that experienced past financial blemishes. Banks and other lenders fled from this account, but Global Financial stepped up to the plate. Deal was approved, negotiated, documented, and closed.

Vendor’s Sales Target Exceeded

by Company News

Global Financial Assists Vendor in Exceeding Sales Target!

Global Financial was called upon on September 25th to assist with a $420K transaction that another lender had for over two weeks promising an approval only to come back with a 13th hour decline. Global approved the transaction in <3 hours, thanks to a very accommodating customer, and sent documents to customer on 26th. Customer came back on the Monday, 29th with requested changes. After a discussion, changes were minimized, and change letter prepared. Signed documents received on the 30th and PO was issued to vendor.