Equipment Leasing and Financing. Welcome to Access Financial, a full-service leasing company dedicated to helping you get the equipment your business ... of all businesses in the United States lease some or all of their equipment. http://www.equipmentleasingsites.com Sun, 20 May 2012 21:06:56 +0100 FeedCreator 1.7.2 http://www.equipmentleasingsites.com/general/manufacturers-are-more-upbeat-about-sales-but-do-not-expect-full-turnaround-until-2012.html People who are watching the industry barometers of new and used equipment sales expect the market to make slight comebacks this year after a tough 2009. But few are predicting the market to post sizable gains until 2011 or 2012. Overall new-equipment categories are expected to grow 5% in the U.S. this year, followed by 15% gains in 2010 and 14% growth in 2012, says the Milwaukee-based Association of Equipment Manufacturers. Previously, machinery sales slumped 43% last year and 8.6% in 2008, the trade group says. "Even with a modest rebound in the next few years, the construction equipment industry will still be down by double digits," says Dennis Slater, AEM's president. Manufacturers do not think volume will "level off" until 2012, with job losses continuing until then. AEM's four-year outlook, published on Jan. 21, also describes a tenuous situation for international markets. The Canadian market dropped 34% last year but is expected to grow 7% in 2010, 14% in 2011 and 11% in 2012. Similarly, markets outside North America fell 34% last year, with sales expected to rebound 7% this year, 13% in 2011 and 13% in 2012. Most producers expected flat sales, and few predicted a reality this harsh. In last year's outlook, AEM said the U.S. market would be up 0.04% in 2009 after an 8.6% decline in 2008 (ENR 12/22/08 p. 30). "There are so many product categories where the markets are down by 60% to 70%, it's unbelievable," says Frank Manfredi, an industry analyst in Mundelein, Ill. Price Pressure Liquidators of used equipment had another banner year as buyers continued to seek out bargains from distressed sellers. More buyers purchased over the Internet, as well, but prices still remain depressed. Average auction prices for all equipment categories fell nearly 19% last year, to just under $22,000, according to Lincoln, Neb.-based Machinery... articles - General Thu, 22 Dec 2011 06:47:36 +0100 http://www.equipmentleasingsites.com/general/lloyds-seeks-leasing-partner.html The British bank has issued an request for proposals (RFP) for partners to form a joint venture to manage a portfolio of 20 aircraft. Lloyds is looking for a joint venture partner to provide asset management services for a portfolio of leased aircraft, according to three sources who have confirmed receiving an request for proposals (RFP). The bank is also looking for the partner to invest equity to grow the business, according to one source. The portfolio of 20 aircraft, which range in vintage from 1992 to 2007, is composed of 737NG, 747, 757, E145 and A320-family aircraft. The nature of the portfolio means it may rule out bids from lessors who focus on young 737NGs and A320s. Banks, lessors and asset management firms could all be potential partners. A source at Lloyds could not confirm or deny the issue of the RFP. Lessee Aircraft Vintage KLM 737-900 2001 Transaero 747-400 1998 RAK Airways 757-200 2000 KLM 737-900 2001 Titan Airways 757-200 2000 Air France A321-200 2002 First... articles - General Thu, 22 Dec 2011 06:47:36 +0100 http://www.equipmentleasingsites.com/general/leasing-is-most-important-financing-option.html CIT and Forbes Insights' 2011 Global Aerospace Outlook report found that airlines consider leasing the most important way to finance aircraft. The report surveyed 136 airline executives with fleet or finance responsibilities between November and December 2010. According to the report, 54% of respondents said more than half of their fleets are leased. A total of 65% said operating leasing is extremely or very important, and will become increasingly important in the next five years. Manufacturer support and bank loans were both named as next most important by 51% of respondents. Jeff Knittel, president of transportation finance, says there are several reasons why airlines consider operating leasing important. Flexibility is at the top of the list. "When making asset decisions, airlines are not making them based on the entire life of the aircraft. In some cases it's for five to 12 years, in which case, operating leasing is a good way to get flexibility going forward," Knittel says. Operating leases allow airlines to be flexible to modify their fleets when there are fluctuations in air travel demand. Also, airlines do not have to raise debt to finance aircraft or to finance pre-delivery payments (PDP) with operating leases, he adds. With fuel costs accounting for a majority of an airline's operating costs, increased fuel prices is the biggest challenge for airlines at 53%, followed by increased competition from low-cost carriers and charter airlines, 38%. Despite fuel concerns, Knittel says the report shows that 68% of airlines are taking a "wait and see" approach to new, more efficient aircraft programmes. However, 83% said they were extremely likely or likely to acquire or lease newer, fuel-efficient aircraft within the next five years. "There are some first movers stepping up to [newer aircraft programmes], but a large part of the industry is taking a wait-and-see attitude to see how the actual technology... articles - General Thu, 22 Dec 2011 06:47:36 +0100 http://www.equipmentleasingsites.com/general/is-leasing-right-for-you.html Before making a decision as to whether to lease or not, take into account these benefits that Yale and Hyster have to offer: * Preserves working capital: Without the large capital outlay of a purchase, cash may be strategically re-invested into your business. Credit lines may also be saved for other operating needs. * Predictable and affordable payments: Lease payments can be structured to meet cash flow needs. * Overcome budget restrictions: Leasing may help you overcome capital budgeting restrictions and lengthy approval processes. Also, it may accelerate the process of getting you the equipment you need today. * Customized structures: Leasing companies offer tailored financing options such as deferred payments, payments matched to use or the seasonal nature of your business. Lease terms can also be matched to project length. A variety of end of lease options are also available, such as renewal, purchase or return. * Upgrade with ease: Leasing provides you the flexibility to upgrade and add-on as your business grows, while maintaining affordability. It may also allow you to re-deploy assets when the need arises. * A single source for financing: Your entire acquisition may be bundled into one easy monthly payment. This may eliminate the need to pay multiple invoices each month, thereby reducing overhead. * Cost management: Leasing should allow you to invest your cash at a higher rate of return, thereby increasing profit margins.--M.H. BUILT-IN FLEXIBILITY: Leasing lift trucks offers more freedom and flexibility, while offering predictable and affordable payments. articles - General Thu, 22 Dec 2011 06:47:36 +0100 http://www.equipmentleasingsites.com/general/ga-telesis-acquires-mountain-capital-partners.html GA Telesis (GAT), the commercial aerospace company in Florida, and Mountain Capital Partners (MCP) have signed an agreement to merge on September 1. MCP, based in Denver, Colorado, is a private investment firm that specialises in aircraft and engine sales and leases. "We're seeing a lot of activity in the market place and we've been on an acquisition frenzy trying to acquire assets in what is a "highly competitive market," says Abdol Moabery, CEO, GAT. "We were having difficulty putting together a team to keep up with our volume, so the best way to do it was to acquire a team." As part of the deal, GAT will acquire the entire MCP team bringing GAT's team to 10 people. The team will be led by Mark Fabian, president, MCP. Fabian will become GAT's new senior vice president of asset transactions. The senior team, which will remain in Colorado, will also include Robert Loesch and David Ellis. Loesch, who now focuses on capital markets at MCP, will be senior vice president of transaction finance. Ellis, now MCP's director of finance and marketing, will be vice president of acquisitions. The acquisition will not significantly increase GAT's portfolio as most of MCP's portfolio is managed. GAT's motivation for the acquisition is to expand its acquisition and leasing team. GAT will either acquire or wind down MCP's assets and transactions over time. "The acquisition allows us to process our acquisition opportunities more efficiently than we do now," Moabery says. In 2010 and early 2011, GAT made several key appointments. It named Alvin Khoo senior vice president and chief investment officer (CIO) in February, and appointed Irvin Lucas vice president of turbine engine programmes in January. Previously it named Nigel Christie managing director of GAT's UK operations. GA Telesis specialises in mid-life commercial aircraft and jet leasing, as well as component maintenance.... articles - General Thu, 22 Dec 2011 06:47:36 +0100 http://www.equipmentleasingsites.com/general/equipment-leasing-and-finance-associations-survey-of-economic-activity.html The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $628 billion equipment finance sector, showed overall new business volume for October was $6.0 billion, up 22 percent from volume of $4.9 billion in the same period in 2010. Volume was down 16 percent from the previous month. Year-to-date cumulative new business volume is up 25 percent. Credit quality metrics were improved. Receivables over 30 days were the lowest in over two years, decreasing 2.2 percent in October from 2.3 percent in September. Charge-offs also declined, from 0.9 percent in September to 0.7 percent in October. Credit standards tightened in October as the number of lease applications approved decreased nominally to 76.3 percent from 76.5 percent the previous month. Fifty-nine percent of participating organizations reported submitting more transactions for approval during the month. Finally, total headcount for equipment finance companies in October was unchanged month to month and down 1.4 percent year over year. Supplemental data show that the construction and trucking industries led the underperforming sectors. Separately, the Equipment Leasing & Finance Foundation's Monthly Confidence Index (MCI-EFI) for November is 57.4, up from the October index of 50.7, indicating an increase in optimism about business activity despite ongoing concerns about the global economic situation. For more detailed information on the MCI-EFI visit www.LeaseFoundation.org. ELFA President and CEO William G. Sutton, CAE , said: “The October decline in new business volume had more to do with typically strong end-of-third-quarter activity than a slowing demand for lease financing of assets by U.S. businesses. While concerns about the global credit markets continue to make headlines, American businesses continue to invest in productive equipment that will help keep the economy steadily moving in the right direction. Credit quality is strengthening, laying the foundation for... articles - General Thu, 22 Dec 2011 06:47:36 +0100 http://www.equipmentleasingsites.com/general/equipment-financing-company-beacon-funding-to-hire-two-sales-professionals.html Beacon Funding Corporation has launched a national search to find strong sales personalities capable of new business development in the equipment financing and leasing marketplace. Specifically, Beacon is looking for business development consultants to manage and develop relationships with tow, boom and work truck manufacturers dealers in the western United States. In the past decade, Beacon Funding has provided equipment financing services to an ever-increasing number of tow truck operators and dealers throughout the United States. Beacon remains active with many western dealers and industry associations and strives to be a premier provider of equipment financing solutions to towing and recovery specialists in this area. "Beacon is fortunate to have acquired such a talented group of tow industry veterans. Our team's extensive industry knowledge and longstanding relationships coupled with Beacon's niche work truck financing capabilities have proven to be a very effective model. We look forward to expanding our West Coast team," states Vice President of Sales and Marketing Toby McDonough. Interested candidates may apply online at Beacon Funding's Career Section or by contacting Elizabeth Oliva at 800-866-6396. ABOUT BEACON FUNDING CORPORATION Beacon Funding is a privately held equipment financing company specializing in funding solutions for manufacturers, distributors and dealers of tow, boom and work trucks. Beacon Funding focuses on being a specialist in the select markets it serves. As a result, Beacon differentiates itself by offering start-up and existing business clients a wider range of equipment leasing and financing options. Websites: www.beaconfunding.com, www.commercialtruckfinancing.com and www.boomtruck.com articles - General Thu, 22 Dec 2011 06:47:36 +0100 http://www.equipmentleasingsites.com/general/ecologic-leasing-services-launches-two-subsidiaries.html Ecologic Leasing Services, a global provider of outsourcing, software, and capital sourcing services to both equipment lessees and vendor captive lessors, today announced the launch of two subsidiaries, Ecologic Lessee Services and Ecologic Vendor Services. "For the last 11 years, Ecologic has served both lessee clients and captive vendor lessor clients through one company, one management team, and one brand," explains Michael J. Keeler, CEO. "By creating a distinct subsidiary for each line of business and reorganizing the management, we can sharpen our focus on each client base, listen to their unique needs, and create a more valuable, differentiated, and responsive offering." Keeler adds, "We will now deliver sales, marketing, and our outsourcing services and global capital sourcing services through each subsidiary. This will allow us to align the expertise of our experienced staff with the specific needs of each type of client. The move will also enable us to capitalize on our common infrastructure, especially the software and global lessor network, while we improve our positioning and messaging and clarify the value proposition for each type of client." Doug Slais, VP of Client Services for Ecologic Lessee Services and a long-time veteran of the equipment leasing industry, states, "The objective is to create more value by getting closer to our clients and organizing around their needs. This is a great step towards accomplishing this." More Information: http://www.ecologicleasing.com About Ecologic Leasing Services: Ecologic offers software services and outsourcing services to lessees and vendor captives that need to finance equipment competitively around the world. The Company currently supports lease transactions in 44 countries. Large corporate and non-profit lessees deploy Ecologic's software and outsourcing services to save 10-25% on their equipment lease portfolio annually. Vendor captives employ Ecologic's services to help them finance the sale of their equipment to their customers at the point-of-sale using the best available... articles - General Thu, 22 Dec 2011 06:47:36 +0100 http://www.equipmentleasingsites.com/general/ebrd-loan-supports-john-deere-leasing-in-russia.html The European Bank for Reconstruction and Development (EBRD) has agreed to provide Deere & Co, one of the world's leading manufacturers of agricultural equipment, with funding to help set up a new leasing company in Russia. Under the terms of the agreement, signed at the EBRD's annual meeting in Astana, the EBRD will provide a loan of up to Rb4.7 billion (Eu114 million). The five-year loan represents the first part of a planned EBRD financing package for the project. The project is designed to help Russian farmers access the credit needed to overcome one of their most critical problems - the shortage of modern and efficient farm machinery. The venture will also target the forestry and construction industries but renewing farm equipment is likely to account for most of the business. Access to credit remains one of the main problems faced by farmers in Russia where 30% percent of machinery purchases are still paid for in cash. The new leasing company will provide an alternative form of finance where traditional bank loans are not available. The products offered by Deere & Co's Russian leasing subsidiary should mainly interest medium-sized customers whose equipment is in urgent need of renovation, typically mid-sized former collective farms which have in the past few years turned rofitable. At present, Western-style machinery is used on less than 25% of Russian farm land. Russia is expected to be one of the fastest-growing markets for farm machinery in the next decade, hence the logic for John Deere to offer leasing solutions to its customers, EBRD's first vice president, Varel Freeman, said at the loan signing ceremony. EBRD teams with Raiffeisen Leasing Bulgaria In another leasing development in CEE, the EBRD has signed a Eu20 million ($28.4 million) loan to Raiffeisen Leasing Bulgaria, a subsidiary of Vienna-based Raiffeisen Bank International (RBI). The loan... articles - General Thu, 22 Dec 2011 06:47:36 +0100 http://www.equipmentleasingsites.com/general/cutting-edge.html Makino, the global machine tool company, has linked the capabilities of a new series of machining centers with an advanced technology for cutting titanium, the expensive, lightweight and durable metal that coexists easily with composites. In a recent demonstration, company officials exhibited an edge frame for a Boeing 787 that was produced by a five-axis T4 horizontal machine center in 11.1 hr. At this rate, the T4 has a nearly 4-1 productivity advantage over older machining equipment, says Thomas Clark, vice president. The T4 uses a technology dubbed "Advantige," that employs an Autonomic Spindle Technology that monitors and adjusts in real time to improve performance and deliver coolants to the cutting process. It offers innovative ways to dampen vibration, along with novel milling strategies for performance enhancement. The average life expectancy of costly high-technology tool bits are doubled, says CEO Don Lane. A Coolant Microsizer System improves tool cooling and lubricity. Rigid machine construction suppresses vibration and reduces tool chipping while it improves metal removal rates. In a demonstration for 244 industry representatives attending May 20 Global Titanium Day here, the T4 machining center removed metal from a titanium billet and produced an aerospace part up to five times faster than older technology. In one case, the life of a cutting tool increased to 130 min. from a previous average of 46 min. The T4 automates the cutting process and "is never down," says Clark. Tool bits are lodged in rounded slots that recall wine storage. A computer program shifts the milling tools into position for cutting. As a measure of the costs involved, titanium billets and forgings range from $30,000-50,000 and produce large parts that can cost up to $300,000 each. Makino developed the technology during an 18-month period that started at the Tokyo headquarters and continued at Makino's Global Titanium Research and Development Center, launched... articles - General Thu, 22 Dec 2011 06:47:36 +0100