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Choosing a Lender to Finance Equipment? Don’t Underestimate the Importance of Industry Associations

by Business AdviceFinancing

When financing major business equipment purchases, choosing the right lender from the many out there can boggle the mind. Shady companies and scam artists have flourished in the age of the internet, and sometimes, it can seem hard to tell who’s legitimate and who isn’t.

One of the easiest ways to ensure that you select a trustworthy lender is by looking at professional associations like the American Association of Commercial Finance Brokers (AACFB). These groups have high legal and ethical standards for their members, and they can often provide guidance on specific companies for financing equipment in your industry.

If you plan to make a major purchase, then you will want to deal with business-minded lenders who you can trust. Choosing a lender that is a member of a professional association is an excellent way to ensure that your equipment financing is in good hands.

Why Associations Matter

Associations have high standards for their members to ensure that they are reputable lenders. To join these groups, a lender must pass a variety of tests and background checks proving they are legitimate. Members must also often undergo periodic reviews, and they can be expelled from the organization if they are found to engage in unprofessional or unethical conduct.

Additionally, most associations have strict ethical standards that members must follow to maintain their affiliation. AACFB’s code of ethics mandates that its members are honest and professional in their dealings and are fully transparent with clients and relevant organizations.

What Risks Do Non-Affiliated Lenders Pose?

Non-affiliated lenders pose several risks to any company that uses them. Many of these companies engage in predatory practices, such as charging excessively high interest rates or fees. They also may use pressure sales tactics to lure consumers into accepting less-than-ideal loan terms.

LEARN MORE: 3 Non-Negotiables When Selecting Your Equipment Lease Financing Partner

Financing scams unfortunately are prevalent in the age of the internet. Many fraudsters will build legitimate-looking websites to attract consumers, and they will then attempt to steal your information or money. Typically, they target small businesses with limited credit, offering deals that seem too good to be true. Many of these fake lenders will claim to be affiliated with an organization, so you should take time to verify the validity of the organization and their membership before working with them. Associations keep a list of members on their websites for verification purposes.

Choosing the Right Lender for You

While choosing the best lender for your needs depends on many factors, you should always use a company with official affiliations to legitimate organizations. These lenders must meet strict professional and ethical standards to remain in their associations, making them substantially more trustworthy than non-affiliated ones.

You should also take care to select a lender with expertise in the type of equipment that you plan to finance. Associations can also help you in this regard by providing directories of reputable firms in your field.

Global Financial & Leasing Services is a member of the American Association of Commercial Finance Brokers. We specialize in financing for equipment used in health/medical, construction, restaurant, machinery/manufacturing, printing and logging/forestry. We work with business owners who have less-than-perfect credit.

LEARN MORE: What Type of Equipment Qualifies as “Essential Business Equipment?”

Ready to learn more, let’s talk about the possibilities. Or, get started today by filling out an online application.

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Frequently Asked Questions About Commercial Vehicle Leasing & Lease Financing

by Business AdviceFinancing

Frequently Asked QuestionsGlobal Financial & Leasing Services (GFLS) offers financing for commercial vehicle leases. Even though these vehicles are put into service in several different industries, our team fields some common questions from business owners that apply regardless of line of work.

Here are the questions about commercial vehicle leasing and lease financing we’re asked most often.

For what types of commercial vehicles do we finance leases?

GFLS finances leases for just about every type of commercial vehicle, ranging from basic work pickups to delivery trucks for local routes and intrastate routes, as well as vehicles used in industries we specialize in, including construction, forestry and logging.

We do not finance leases for semi-trucks used for interstate hauling.

What qualifies as a commercial vehicle?

The US Department of Motor Vehicles identifies any vehicle that is leased by any kind of business as a commercial vehicle. Also, a vehicle is considered in the commercial category if it:

  • Is used for business purposes, but owned by an individual entrepreneur or sole proprietor
  • Is built and used primarily for transportation of property
  • Is designed to carry more 15 passengers
  • Exceeds a certain weight class, even if it’s not owned by a business owner or used for commercial reasons

As such, nearly every business owner’s vehicle(s) qualify as commercial, so GFLS can help you finance a lease if your business involves transporting (large vans, busses, taxis, limousines, and tow trucks, etc.), construction (cranes, bulldozers, dump trucks, and excavators, etc.) agriculture (vehicles used to plant, raise and harvest crops, including tractors, seeders, and cultivators, etc. and same for livestock) to name a few. If you’re not sure if we finance leases for the commercial vehicle(s) your business needs to grow, just ask us.

How does leasing a commercial vehicle help my business?

First, many of our customers don’t have perfect credit or have a startup, which makes it difficult, if not impossible, to obtain lease financing. By financing a commercial vehicle lease with GFLS, you can improve your credit score if you make timely payments. Second, leasing lets you keep cash reserves and/or any other personal or business lines of credit available for other purposes. Last, you can maximize the tax advantages of lease financing.

What are the tax advantages of leasing?

It depends on whether you choose a capital lease or an operating lease. A capital lease allows you to write off the vehicle’s depreciation. An operating lease lets you treat the lease payment as an operating expense.

LEARN MORE: Want to Lease a Titled Vehicle? Global Financial & Leasing Services has a Program for That

Is there a down payment required to finance a commercial vehicle lease?

GFLS requires a 20% down payment.

How soon can I get approved?

Once GFLS receives your application, most of the time you’ll have a decision in as few as 24 hours. Usually, it takes our customers longer to find the commercial vehicle that fits their needs than it does to get approved.

Can I qualify for commercial vehicle lease financing if my business is a startup or I have credit with past blemishes?

GFLS makes it a point to look beyond the numbers when approving applications. We specialize in financing for those just starting out and those with past blemishes on their credit. We consider how you face and conquer challenges and the positive aspects of your financial history. We believe your character and integrity can outweigh credit blemishes or lack of time in business.

Why should I work with Global Financial & Leasing Services?

  • Our team expedites and simplifies the application and funding process because we understand how important having the commercial vehicles you need impacts your business’s success.
  • We understand our customers are more than a credit score or time in business.
  • You can speak directly to our decision makers.
  • We stay in constant communication with you, so you always know where your application stands.
  • Your business matters to us and you can tell by the way our team treats customers with kindness and respect.

Having the right equipment, including commercial vehicle(s), makes all the difference in a company’s ability to grow and thrive. Let GFLS help your business succeed with commercial vehicle lease financing. Contact us or start the process by filling out an application.

Boom Truck, crane .

Want to Finance a Commercial Vehicle Lease? Global Financial & Leasing Services has a Program for That

by Benefits of LeasingFinancing

Boom TruchGlobal Financial & Leasing Services (GFLS) recently rolled out a program for leasing titled commercial vehicles. From work trucks, boom trucks and tank trucks to tractor/transport trucks and more, now you can finance a lease for a titled vehicle* with us.

Like our other financing programs for businesses, we offer financing for commercial vehicle leases for those with B- and C-tier credit and startups, so even if you have less-than-perfect credit, been turned down for financing at the dealership or starting a new business, it’s possible to get your financing with us. GFLS is known for, “When other lenders say no, we often say yes.”

We believe that credit blemishes shouldn’t keep business owners from financing titled commercial vehicles. Leasing commercial trucks for work can help generate revenue, from winning more contracts to providing more service. Many businesses can grow with the right commercial vehicle in their fleet, so we help business owners get the equipment they need without making a sizeable investment in purchasing or qualifying for traditional financing from big banks.

Choose the Right Type of Lease for Your Business: Operating or Capital

If financing your commercial vehicle lease is the best way to supply your company with the truck or fleet it needs to operate and grow, then you should understand the types of leases available and how they affect your business.

While there are two types of commercial leases, the one you choose has consequences for your business expenses and tax situation. It’s important to understand the differences between them so you can choose the best fit for your business.

An operating lease is considered an expense to the lessee – the one who is leasing – you. The lessee has no ownership stake in the commercial vehicle(s). Instead, you are making your payment each month for the benefit of using them for your business. The titled commercial vehicle(s) is/are the property of the leasing agent or lessor (us). The advantage to you is that because the commercial vehicle(s) is/are leased, the payment is treated as a regular operating expense, and therefore doesn’t pass to your balance sheet. Since the vehicle isn’t considered an asset, you’re not responsible for taxes on it.

Choosing a capital lease means the lessee (you) assumes a portion of the ownership of the titled commercial vehicle(s). The title(s) is/are still held by the lessor (us), but because there is joint ownership, the lessee (you) can claim depreciation and interest expense from your payments on your taxes. Unlike with an operating lease, the vehicle(s) with a capital lease is/are not considered an operating expense. The vehicle is recorded on your balance sheet as an asset because it is owned and a liability because of the payments.

LEARN MORE: Frequently Asked Questions About Commercial Vehicle Leasing
(Link this to the other blog for this month.)

Be Aware of When an Operating Lease is a Capital Lease in the Eyes of the IRS

It’s tempting for business owners to go with an operating lease when financing a commercial vehicle so that the vehicle is an expense, not an asset. However, the operating lease cannot meet four conditions. Otherwise, the IRS will deem it a capital lease instead. These four conditions are:

  1. The life of the lease cannot exceed 75% of the asset life.
  2. There cannot be a transfer of ownership to the lessee (you).
  3. There cannot be a “bargain price” option at the end of the lease.
  4. The current lease payments cannot exceed 90% of the vehicle’s fair market value.

Ready to Finance a Lease on a Commercial Vehicle?

Choosing an operating or capital lease when financing your commercial vehicle(s) comes down to what makes sense for your business. Talk to us if you have questions. Or when you’re ready to work with a dealership, start the application process.

*GFLS does not finance leases for semi-trucks used for interstate hauling.

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Can You Get Equipment Financing with Bad Credit?

by Financing

If could you add an excavator to your heavy equipment fleet, could you more competitively bid larger jobs? Could you increase productivity and profitability by leasing a feller buncher? Maybe you have a solid business plan for a startup, but are unsure how you’d acquire the equipment financing to open the doors. When you have bad credit, you might think that an excavator, feller buncher, other industry-specific equipment or starting a new business is not in the cards for you.

Finding equipment lease financing with bad credit can take some tenacity and research, but it’s out there. We know because that’s what we do.

When Global Financial & Leasing Services (GFLS) was founded during the Great Recession, big banks were tightening their lending criteria, leaving those with less-than-perfect credit few options for financing a lease for essential equipment. GFLS serves customers as an alternative to big banks that only serve the good to great credit market.

Can you get equipment financing with bad credit? Yes, you can. You just have to partner with a lender, like GFLS, who specializes in ALL credit types… one who is willing to look beyond credit scores and listen to your “story.”

READ: You Need to Package Your Credit and Business “Story”

That’s Good News in More Ways Than One

Financing an equipment lease can better serve your business needs and financial situation in the long run compared to waiting the time it takes to improve your credit or saving the cash to buy out it outright or put down a large down payment.

Financing a lease can give you the equipment your business needs NOW. Plus, if you’re in an industry in which technology quickly changes and evolves, lease financing gives you the opportunity to upgrade when the lease is up, keeping your company competitive. Purchasing the equipment outright or signing an equipment loan makes it all the more difficult to let that equipment go when new technology emerges, since you own it.

With lease financing, you can choose to return, upgrade or buy the equipment once the lease ends. Those terms depend on your agreement with the lender. A lender who knows your “story” can help you make the right decision and ensure the terms help meet your business goals.

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

Make sure the numbers add up in favor of your company’s success. Calculate the total of what your equipment lease financing payments will be. Compare that number to additional profit the equipment can generate. Only you can decide what makes the most financial sense for your business. If that’s financing an equipment lease, contact GFLS, even if you have less-than-perfect credit.

Recruiting professionals studying candidate profiles

3 Non-Negotiables When Selecting Your Equipment Lease Financing Partner

by Business AdviceFinancing

Whether you are flush with cash, breaking even or considered a credit risk, eventually you will want to obtain a key piece of equipment to start up or expand your business. Often that critical equipment will come with a hefty price tag, forcing you to weigh all your purchasing options. Regardless of credit score, credit line available or bank account balance, financing an equipment lease is the route many business owners choose to take.

For those with plenty of cash reserves, equipment lease financing preserves funds for operating costs or other investments, like hiring and marketing. For those without excess cash in the bank or less-than-perfect credit, financing an equipment lease is a viable way to get essential equipment now for a more profitable business.  

Given the benefits of what having the right equipment can do for your business, the importance of working with the right lender cannot be underestimated. You are counting on this lender to help you either start your business or grow your business—and basically support you in creating your company’s longevity and profitability.

Over the years, Global Financial & Leasing Services (GFLS) has partnered with startup and established business owners in a wide range of industries to finance leases for much-needed equipment. “Partner” is the key word. Always select a lender who is willing to work closely with you and provide solutions and options, not challenges and red tape.

READ: Your Approach to Financing an Equipment Lease Matters

When you are narrowing down your list of potential equipment lease financing partners, insist on these three non-negotiable qualities.

1. Flexibility

Flexibility in the equipment lease financing world encompasses many things. For example, does the lender consider your “story” when making the final funding decision? Or, does the lender judge your application by the numbers, such as credit scores and account balances? Does the lender work with startups, small and large companies? 

At GFLS, your story is important and can go a long way in explaining why your application is what it is. Our team understands that credit scores and account balances are just a few indicators of your ability and drive to succeed. We use our internal funds, bank lines and non-bank providers to finance equipment leases for companies of all sizes, from just getting off the ground to late-stage growth.

2. Experience in Your Industry

Financing an equipment lease sounds straightforward enough. However, depending on whether you need healthcare/medical equipment or heavy construction machinery, how you go about financing the lease matters. By partnering with a lender experienced in your specific industry, you will gain valuable industry insight and best practice lending standards. Not to mention, you’ll save time knowing that your lending partner can help you obtain the specialized equipment you need.

GFLS specializes in financing equipment used in these industries.

3.  Superior Customer Service

Your equipment lease financing application may be one of hundreds a lender is reviewing at any given moment. But, to you, it’s the most important application. Your lending partner should treat it as such.

The GFLS team works hard to earn your trust by providing top-quality lending products and best-in-class service. Plus, we make decisions on applications generally within 24 hours. After all, building long-term customer relationships is our goal.

If you are looking for a partner to finance your equipment lease, talk to us. The GFLS team has expertise in healthcare/medical, construction, restaurant, machinery/manufacturing, forestry/logging, printing and automotive sectors. We would love to be your lending partner.

Woman examining banknote, man counting coins vector illustration

Vendor Financing Benefits Vendors and Their Customers

by Financing

Vendor Financing Benefits Vendors and Their CustomersEven in a booming economy, closing sales on large equipment or machinery can take time and finesse. In a down or uncertain economy, making sales is even harder. A combination of comparison shopping, exploring purchase options and choosing the right equipment is standing between you and your customers regardless of the state of the economy. However, if you are not offering an easy and affordable financing program, you risk losing sales.

Putting a vendor financing program in place takes choosing an established and trusted partner, like Global Financing & Leasing Services (GFLS). Founded during The Great Recession, we’re no stranger to financing equipment leases in both up and down economies, as well as approving applicants with less-than-perfect credit. Since we specialize in equipment vendor financing in several heavy equipment industries and work with all customer credit tiers, GFLS can tailor a financing program designed to help you sell more equipment.

Increased sales are attractive advantages to offering a vendor financing program. However, they aren’t the only benefits to both vendors and their customers.

 

Offering vendor financing opens up more buying options for customers.

Without the restraint of a large cash outlay or the inconvenience of going through the traditional bank loan process, customers can “afford” to look at and finance a more expensive piece of equipment rather than settle for with a smaller cash payment or a bank approved amount. A higher sales price equates to a higher revenue per sale for the vendor and the best equipment for the customer.

 

Retain control over your own vendor financing program.

Working with a partner, like GFLS, to create your vendor financing program lets you retain control. Our team works with you to design a program that creates a win-win for you and your customers. We’ll take your best interests and preferences in mind, so you can offer your customers terms that work for everyone.

 

Take advantage of the fact that many business owners can’t or don’t prefer to obtain a traditional bank loan.

By offering vendor equipment financing, you’re saving customers the hassle of doing the legwork to find financing on their own or going through the long, arduous process of applying for bank loans. Some customers’ credit scores exclude them from obtaining traditional equipment financing. Others need equipment quickly and have little tolerance for waiting for traditional banks’ approvals. When your vendor financing program is inclusive and fast moving, customers appreciate your willingness to meet them where they are.

 

When all else is equal, a vendor financing program can be the deciding sales factor.

In areas where customers see little difference between their equipment options, having a vendor financing program could be the deciding factor in choosing to finance equipment with your company.

 

A vendor financing program supports customer loyalty.

When customers have financed equipment through you before, chances are higher that they will return when the time comes to upgrade and/or add equipment. Customers gravitate toward the known, and having gone through the vendor financing process with you before, they know what’s expected.

READ: Why Equipment Vendors Outsource Customer Financing to GFLS

 

Choosing the Right Partner is Key to a Successful Vendor Financing Program

Talk to our team about how you can increase your sales without taking on financial risk. GFLS works with many vendors as their primary or secondary financing partner. Thanks to our streamlined processes, your customers will have a financing decision in less than 48 hours without any additional work on your internal staff’s part.

Our strong connections to publicly traded financial institutions means you can expand your target customers from “A-type” credit applicant’s to “B-type” and “C-type” credit and startups. Let vendor sales representatives focus on finding sales opportunities, not financial solutions. That’s what GFLS is for.

Start and Challenge Concept. a Business Man on Formal Shoes Step

Your Approach to Financing an Equipment Lease Matters

by Benefits of LeasingFinancing

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.

Factory worker using application on mobile smartphone to operrat

How to Finance Your Packaging Machine

by Financing

Packaging EquipmentIf you’re in need of a packaging machine—whether it’s for your new business or you want to upgrade your system to grow business—financing the equipment lease is a viable option because packaging machinery can be a very expensive capital outlay. Packaging machine financing is worth considering, especially when you’re trying to stay within a certain budget for your manufacturing or distribution business or keep as much cash on hand as possible to fund ongoing operations.

There are specific things to keep in mind when you’re making plans to obtain or upgrade packaging machinery, so here are a few tips to help you determine if packaging machine financing is the right choice for you.

No One Understands Your Business or Its Packaging Needs Like You Do

Businesses of all kinds need packaging machinery. From the food and beverage industry to healthcare and pharmaceuticals, this machinery can be key in helping a company stay on the cutting edge and competitive.

Even the difference between two seconds and three seconds in production can be incredibly significant to winning business, and therefore a company’s growth potential. This is why acquiring or upgrading to newer, more advanced packaging machinery can be well worth your investment.

However, state-of-the-art packaging equipment typically requires fairly high up-front costs. This is where packaging machine financing can make an even better piece of equipment attainable and affordable. Packaging machinery costs can be spread out over time, meaning you won’t need to delay upgrades until the time is right. Increasing packaging speed, ensuring correct weights, changing the package material, and more impacts quality and reliability. If you suspect or know that your packaging machine or system is undermining speed and quality, you can’t afford to wait for the right time.

Ask Yourself the Right Questions

Business investments are made with your company’s future in mind. When going through the process of acquiring or upgrading packaging machinery, a few of the questions you’ll need to answer are:

  • How many machines will you need?
  • How often you will be using the machinery?
  • Are your investors willing to pay for machinery? If not, can you afford to buy the machinery?
  • Do you need the machinery for a short-term project or will you need it permanently?

The answers to the above will help you and your leasing partner choose the best leasing solution for your situation. 

Determine if Leasing or Financing is Better for Business

If your company only needs the packaging machinery for a certain period of time, your best bet is probably leasing it. However, if you’re using the packaging machine long-term, you should finance it for the best return on your investment.

Packaging machine financing allows you to have access to the machinery and begin using it to package products (and generate revenue), while freeing up the “extra” money that you would use up if you bought the machinery outright. 

READ: Save Cash When Leasing Equipment

Success is in the Bag

When you take advantage of packaging machine financing, you have more money to invest back in your business. This money can go towards more skilled employees, marketing efforts, consultation, and much more. You’ll have the machinery you need, but you’ll also have more of a budget to fund other business objectives. This will help your company progress and thrive, which will help you compete in your field.

If you’re thinking about packaging machine financing, but have questions, please contact us at Global Financial & Leasing Services. We have expertise in the field of packaging machine financing, and we would love to help you.

industrial-oven

Don’t Finance an Industrial Baking Oven Without Reading This First

by FinancingIndustry News

At the heart of every great bakery is an even greater oven. This piece of equipment is perhaps the most crucial investment you will make as a bakery owner. After all, every detail of the hard work and preparation you put into your baked goods is going to culminate in the baking process.

It’s also important to select an industrial baking oven that’s going to be dependable for a long time. It needs to provide you with consistency and reliability for years and years to come.

But, choosing the exact right oven for your bakery isn’t as easy as it may seem. When you begin shopping around for an industrial baking oven, you will discover that the options are seemingly endless. With so many on the market, how do you choose?

The first thing to understand is the basic different types of industrial ovens. This will help you determine which one will work best for your needs and meet your business goals.

Basic Types of Industrial Baking Ovens

Convection Oven

This is the most common and popular type of industrial baking oven because it’s the most affordable. A convection oven is the best choice for loaves of bread and individual cakes. This oven uses internal fans to circulate heat so that your batters and doughs bake evenly.

Rack Oven

If the amount of baked goods you produce is a priority, a rack oven may be the right choice for your bakery. If you’re planning to have a large-scale supply of bread or cookies at all times, a rack oven allows multiple goods to be baked at the same time.

Stone Deck Oven

If you’re an artisan baker who uses old-world style baking methods, a stone deck oven may be perfect for your bakery. These ovens provide modern heat distribution with artisan results, and they require less maintenance than a convection oven. They also feature stone decks, which means up to four chambers can be baking different items at once.

Revolution Oven

A revolution oven allows you to bake different types of goods at the same time via revolving trays.

And, that’s just the start! There are all sorts of sub-types of industrial baking ovens as well. The most important thing is to ask yourself questions to rule out what you don’t need—and then you can focus on what you do need.

The right industrial baking oven for you will depend not only on the type of goods you make, but also how many you’ll be producing per day, your personal baking process, the oven’s ease of use and baking speed, your building’s size and codes, and your budget.

If you fall in love with an oven, but find that it’s out of your price range and you can’t seem to get any help from banks for financing or leasing, consider industrial baking oven lease financing from a direct lender like Global Financial & Leasing Services. We work with bakery owners who have less than perfect credit in order to provide them with the equipment they need to run their business successfully.

If you need help with industrial baking oven lease financing, please talk to us at Global Financial & Leasing Services.

examination of the breast using the mammography x ray machine, which carry out examination of the breast . Prevention of breast cancer.Health care medical technology hi-tech equipment concept. Nurse. medical staff

The Nature of Medical Imaging Equipment Often Makes Financing a Lease a Better Choice Than Purchasing

by Benefits of LeasingFinancing

Medical Imaging LeasingYou might think that only large hospitals and medical facilities purchase x-ray and ultrasound equipment, and smaller facilities and practices finance medical equipment leases. After all, the larger facilities are more likely to have the capital to invest in buying x-ray and ultrasound devices, whereas a smaller or new facility probably doesn’t, and if it did, it’s likely that capital would need to be reserved for other expenses and operational items.

Unless you have a huge amount of cash on hand, you might be better positioning your facility for patient care and financial stability by financing a lease for your medical imaging.

Depending on your way of thinking, you might lean toward believing financing a lease or buying is more cost-effective than the other in the long run. And, there will be those who think financing a lease is and will always be more expensive. However, Jim Jenks, Global Financial & Leasing Services’ founder and CEO, says, “Leasing medical imaging equipment can be less expensive than purchasing things like x-ray and ultrasound machines if the lease is well managed and suited to the client’s needs and goals.”

If Your Goal is to Preserve Cash

Buying medical imaging equipment often means making a hefty down payment. “In some cases, the down payment alone is the decided factor for our clients to finance their x-ray, ultrasound or other medical imaging equipment, even with interest rates low right now. In other cases, they have the capital, but feel they can put that money to another use in their facility, saving it from being tied up in equipment,” says Jenks.

If Your Goal is to Stay Ahead of the Medical Imaging Technology Curve

Unfortunately, old x-ray or ultrasound equipment doesn’t become a valuable “classic” with age. Instead, aged medical imaging equipment becomes outdated and can put your practice or facility at a competitive disadvantage to those offering the latest technology. For example, an expectant mother is excited to see her baby. Given a choice between scheduling a 3D image and a traditional sonogram, which do you think she’ll choose?

Medical equipment is constantly improving, making past models obsolete pretty quickly. Depending on the nature of the equipment and its typical lifespan, buying it can leave you with equipment that is hard to sell when you are ready to upgrade. Leasing medical imaging equipment gives you more options at the end of the lease. You can return it to the leasing company or pay its market value and keep it. Bottom line: leasing gives you more control over your medical equipment upgrade schedule.

If Your Goal is to Work with a Company That Understands Medical Equipment Financing and Leasing

Having financed x-ray machines, ultrasound devices and other medical equipment for medical professionals since 2009, the Global Financial & Leasing Services (GFLS) team has found that it’s not the size of our clients’ facilities, but rather their long-term goals that drive their decisions to lease or buy.

Whether it’s medical imaging or other types of healthcare equipment, GFLS can help get it in your office so you can provide the best patient care. We do not require a down payment. Your first payment in advance is sufficient and then you can pay when your finances and schedule allow. GFLS helps clients with good and bad credit scores and you’ll always quickly receive a decision—just a few of the reasons GFLS is a preferred partner for those in the medical industry. Get started today with an application or contact our team for more information.