DYNAMIC FUNDING, INC. CLOSES DEAL WITH PHIRELIGHT

FOR IMMEDIATE RELEASE

Contact: Aimee Miller
Aimee Miller Marketing & Communications
303.549.9034
aimee@aimeemillermarketing.com

DYNAMIC FUNDING, INC. CLOSES DEAL WITH PHIRELIGHT

Englewood, CO (August 17, 2016) – Dynamic Funding, Inc., (DFI) a Colorado-based equipment leasing company, announces that it has closed a deal with Phirelight LLC., a leading cyber security company, for technology enhancements.

“Our leasing agreement will enable Phirelight to get the equipment they need to improve functionality of their rapidPHIRE product and operate more efficiently,” says Brad Bayless, vice president of Dynamic Funding, Inc.

The financing will allow Phirelight to add more robust technology to its current platform, including computer servers and additional equipment.

John Stubbs, president of Phirelight’s U.S. operations adds, “DFI’s equipment leasing has provided us a flexible way to expand our customer capacity and lower our overall operational costs. This equipment has allowed us to grow our footprint and spin up services in Colorado’s only Tier III Gold Certified data center. We’re very excited for what the future holds.”

About Phirelight
Phirelight was created in 2001 by a team of defense intelligence, cyber security, and military experts who recognized the need to help organizations manage and protect their critical assets. Makers of rapidPHIRE, the new dimension in cyber intelligence, Phirelight empowers an enterprise to easily understand how their networks behave, while at the same time assessing and managing cyber threats in real time. Phirelight serves a client base of large enterprises, government, and SME organizations in Canada, the United States, and Europe. Along with the rapidPHIRE ecosystem of technology partners, Phirelight provides a full suite of solutions. For more information, please visit www.phirelight.com.

5 Mistakes Every Start-Up Business Owner Makes When Looking For Funding

Alex Gish, Director of Business Development

As a leader in equipment financing consultation with Dynamic Funding, Inc., I have listened to hundreds of small and start-up business owners who are seeking capital and operating leases, and it seems like they have all made the same key mistakes. As a trusted partner to small businesses and start-up entrepreneurs, I would like to share the insights I have gained to help you successfully attain funding. While identifying the right financing provider and their terms will be the first thing, there are 5 things you should always avoid.

Not having your business plan finalized
Every funding source has a set of criteria for a venture they are looking to lease or lend to. You can’t imagine the number of small business owners who try to start the funding process, but don’t get anywhere because they aren’t ready to share their business plan. Even though you have likely had extensive conversations about your business’s financing needs, business plan is the best way to communicate them.

When you show up to your first meeting, your business plan should be completed, and include any sales projections, profit margin models, and a full summary. A financing deal will likely have several different people looking over it before being approved, so it is always better to share a polished business plan that covers anything that could possibly be needed. This not only speeds-up the process, but makes both you and your business look more professional, increasing your chances of success.

Not having enough market research
Whether or not a financing company decides to fund a loan ultimately rests on how viable the business seems. They are taking on risk in order to help you secure funding, and have to be sure that you will be able to pay them for the assets/loans you acquire. Having an ample amount of market research is one of the best ways to alleviate their concerns, and demonstrate you have a solid grasp on your market sector.

A basic business plan should cover competitors in your specific industry, but the business owners that I speak to who get their leases approved also bring insights about their sales area, demographics of their customer base, potential competitors outside of the industry, trends going in consumer behavior, and any projections for where the industry will go. Business owners who are able to communicate how their business is different/better than their competitor also seem to secure funding more often.

Not planning to share personal financials
Since leasing and financing deals depend on the viability of a business, credit history and company financial information is a paramount piece of the decision. But for small businesses or start-ups, there may not be enough of a financial history or credit profile established to glean information from. In this case, many financing companies will want to look at the business owner’s personal financial information to establish a basis.

These companies are mainly looking for red-flags in credit history, bankruptcies or liens, but having more personal financial information readily available can convey an eagerness and dedication to having the business succeed (and having the lease repaid). You should also share any assets you may have, or stakes in other ventures you are invested in.

Anticipating a low lease rate
For small businesses and start-ups that lack long-established credit and financial histories, the rates for financing agreements are often higher because of the amount of risk the financing company is carrying. I speak to a lot of business owners who are surprised that lease rates are in the mid-teens, since they see far lower advertised aimed at medium-to-large business structures or small business that are well-established.

You should definitely get rates from several sources, but I would not recommend expecting anything lower than 12%. One thing worth mentioning is that your personal financial history and credit profile could help lower this rate slightly.

Expecting a large amount of funding
Since every capital decision rests heavily on credit and financial histories, it should also be noted that small businesses and start-ups are typical only approved for a small amount of funding. This is usually under $25,000, but can go up to around $75,000. In a similar sense, many financing companies will fund a portion of the requested amount if it exceeds their comfort threshold.

 

I always recommend that people do research and gather as much information about a financing company to gauge their comfort level for risk and new businesses. Never be afraid to ask as many questions as possible up-front, since it can only help you decide whether this company is a good fit for your needs.

If you would ever like to discuss the financing options available to your business, or gain insight into the financing approval process, reach out to me, Alex Gish, Director of Business Development for Dynamic Funding, Inc., here.

 

Alex Gish Authors LED Lighting Options Article for Colorado Real Estate Journal

Alex Gish, Director of Business Development for Dynamic Funding, Inc, discusses LED lighting solutions for both existing commercial buildings and new construction projects with the Colorado Real Estate Journal. Read how your property can benefit from an overall efficiency plan, and how much you can save with updated lighting solutions.

ReadFinancing LED lighting in existing buildings, new projects” here.

DYNAMIC FUNDING, INC. ADDS DIRECTOR OF BUSINESS DEVELOPMENT

Rob HaynesFOR IMMEDIATE RELEASE

Contact: Aimee Miller
Aimee Miller Marketing & Communications
303.549.9034
aimee@aimeemillermarketing.com

 

DYNAMIC FUNDING, INC. ADDS DIRECTOR OF BUSINESS DEVELOPMENT

Englewood, CO (March 29, 2016) – Dynamic Funding, Inc., (DFI) a Colorado-based equipment leasing company, announces the addition of Robert Haynes as director of business development. Haynes has over 25 years of experience in commercial leasing, corporate finance and banking.

“We welcome Rob to Dynamic Funding and are excited to have such an experienced local commercial finance veteran joining the team,” says Brad Bayless, vice president of Dynamic Funding, Inc.

Haynes joins DFI from NBH Bank in Denver where he was senior vice president of commercial lending. Prior to his position with NBH, Haynes was the commercial banking manager with Mutual of Omaha Bank.

Dynamic Funding, Inc. (DFI) is a Colorado-based, locally owned and operated, independent equipment leasing company. Founded in 1996, DFI is a full service lessor that provides equipment financing for technology assets, software and services, and additional operating equipment. For more information, please visit www.dynamicfundinginc.com.

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DYNAMIC FUNDING & ECOSYSTEMS LAUNCH PARTNERSHIP MAKING ENERGY EFFICIENT LIGHTING ECONOMICAL FOR BUSINESSES

FOR IMMEDIATE RELEASE

Contact: Aimee Miller
Aimee Miller Marketing & Communications
303.549.9034
aimee@aimeemillermarketing.com

 

DYNAMIC FUNDING & ECOSYSTEMS LAUNCH PARTNERSHIP MAKING ENERGY EFFICIENT LIGHTING ECONOMICAL FOR BUSINESSES

Englewood, CO (February 16, 2016) – Dynamic Funding, Inc. (DFI), an equipment leasing company, and Ecosystems Group, Inc. (Ecosystems), a provider or energy saving services, announce that they have formed a partnership to offer energy efficient lighting solutions to local businesses – reducing energy consumption and offering costs savings to business owners, managers and occupants.

The goal of the partnership is to help owners, managers, and tenants of commercial buildings upgrade to LED lighting, while saving money and conserving energy.

“We are here to help make energy efficient lighting financially achievable for businesses,” says Brad Bayless, vice president of Dynamic Funding, Inc. “Our program enables businesses to get the equipment that they need to operate more efficiently and reduce their impact on the environment.”

DFI and Ecosystems recently assisted The Carillon at Boulder Creek with an LED lighting package that is projected to save the retirement community over $42,000 per year with an annual energy savings of over 333,500 Kwh. The team employed rebates and incentives that paid for over 35 percent of the project costs.

“We are excited to be working with such a tried and true company as Dynamic Funding, Inc. Moving forward, we plan on helping even more businesses save money by saving energy with the help of DFI’s financial plans,” says RJ Mastic, CEO, Ecosystems Group, Inc.

The DFI and Ecosystems partnership program is designed to deliver energy efficient lighting systems at specialized rates without the business needing to assume a large cash expenditure. The team provides a designated LED leasing agent from application through installation.

Dynamic Funding, Inc. (DFI) is a Colorado-based, locally owned and operated, independent equipment leasing company. Founded in 1996, DFI is a full-service lessor that provides equipment financing for technology assets, software and services, and additional operating equipment. For more information, please visit www.dynamicfundinginc.com.

Founded in 2010 in Boulder, Colorado, Ecosystems is a dynamic hub of modern energy and energy efficiency innovation. Ecosystems has steadily grown beyond the Front Range of Colorado into a leading provider of energy saving services with more than 200 clients spanning seven states. For more information, please visit www.goecosystems.com.

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Putting the PATH Act to Use in 2016

At the end of 2015, the Protecting Americans from Tax Hikes Act (PATH) was signed into law, allowing business owners to once again take advantage of depreciation and energy tax benefits. The new package provides a set of incentives that could greatly reduce tax costs for qualifying businesses.

Section 179
The first benefit for businesses that made equipment, asset and building improvements in 2015 is the Section 179 deduction. These businesses can now expense a combined $500,000 for production equipment (new or used), off-the-shelf software, and up to $250,000 in leasehold improvements. This deduction phases out dollar-for-dollar for equipment and improvements costing more than $2 million, and carries the stipulation that these upgrades need to have been “in service” by December 31st of the tax year. The example below demonstrates how beneficial this deduction could be for tax savings.

Assuming upgrades were “in service” in 2016, the following cost savings could be applied to a purchase of $500,000 in equipment:

   $500,000 in equipment
–  $175,000 assuming a 35% tax rate
= $325,000 true equipment cost

Bonus Depreciation
The next development to come from the PATH Act is bonus depreciation. Bonus depreciation is the provision that allows businesses to expense off a portion of an asset in the year it is added. This has proven to be very helpful for businesses with large amounts of qualifying equipment, as they are able to save large amounts of tax in the year of purchase. A gradual phasedown has been implemented. The bonus depreciation plan through 2019 breaks down as follows:

  • As of January 1, 2015 through December 31, 2017: 50%
  • As of January 1, 2018 through December 31, 2018: 40%
  • As of January 1, 2019 through December 31, 2019: 30%

These rates mean that production equipment and improvement purchases with less than 20 year lives will be able to be expensed at 50% of the asset price in the year of purchase through 2017, 40% in 2018, and 30% in 2019. While this section does carry certain stipulations around qualified assets, it is a great opportunity for companies to invest in necessary equipment for a significant amount of savings.

Qualified Leasehold Improvements
The final piece of the PATH to help businesses save on taxes comes via qualified leasehold improvements. Depreciation lives are reduced to 15 years, instead of the 39 year schedules normally applied. This means that after Section 179 and bonus depreciation deductions, a business will be able to accelerate remaining tax value of improvements over 15 years instead of 39 years. This rapidly reduces the timeframe in which a business can depreciate an asset and enjoy the tax benefits more quickly.

Brad Bayless Authors Article on Creative Business Financing

Three things you never thought you could finance
Creative business financing
Brad Bayless

Most businesses require equipment to operate, grow and stay competitive. Financing office equipment, technology and other improvements is an important but often challenging part of the business lifecycle.

More than 60 percent or $903 billion in equipment and software is financed in the U.S. through loans, leases and lines of credit with equipment finance companies providing access to capital. Leases typically cover office equipment, manufacturing equipment and computers, but there are a variety of undiscovered items that businesses can also finance to help improve cash flow, preserving working capital and increase productivity and operations. Here are three items worth considering.

LED Lighting

New financing strategies and incentives make LED lighting an easy upgrade with little to no capital costs. Innovations in LED lighting, including intelligence and controls, provide significant energy savings, improved lighting levels and little to no maintenance. Leasing allows companies to recognize immediate energy savings without having to pay the full cost of a package upfront, which can include design and installation, recycling of previous lighting and a full suite of LED lighting products. Payments are often offset by energy savings and the full cost of leasing a lighting package can typically be deducted from taxable income.

Software as a Service (Saas)

Because technology is constantly evolving, it can be challenging for businesses to keep up with the latest software and make the most of significant hardware investments. Leasing licensed software or software as a service (Saas) can provide companies with the most up to date software while preserving working capital and credit lines. SaaS or “on-demand software” is licensed on a subscription basis and centrally hosted, which can reduce IT support costs by outsourcing hardware and software maintenance and support to the SaaS provider. SaaS has become a common delivery model for many business applications, including large-scale payroll software, CRM and ERP systems. And because this type of software can be financed with off-balance-sheet accounting via an operating lease, it is a service worth investigating.

Office Furniture, Design and Installation

Companies often wait to update office furniture until it is outdated, damaged or employee complaints surface.  What many business owners don’t realize is that they can finance a complete office furniture package, including design and installation. The equipment and office furniture that a company needs today may not meet needs in the near future and an updated design may be a necessary upgrade. A lease can be structured to help design and deliver a new layout and furniture that matches the life “usefulness” at the moment without tying up capital. Unlike bank lines and adjustable rate loans, payments for leasing office furniture are fixed for the term of the lease and are typically not affected by market conditions.

High quality office equipment, furniture and fixtures project a certain image to clients, increase productivity of employees and do not have to come with a high price tag. By leasing rather than purchasing these types of business improvement items, they can be kept off of the balance sheet, reduce a company’s debt to equity and leverage ratios and help conserve cash for other necessary expenses or growth opportunities.

Dynamic Funding Inc. Adds Director of Business Development

FOR IMMEDIATE RELEASE

Contact: Aimee Miller
Aimee Miller Marketing & Communications
303.549.9034
aimee@aimeemillermarketing.com

DYNAMIC FUNDING, INC. ADDS DIRECTOR OF BUSINESS DEVELOPMENT

Englewood, CO (April 7, 2015) – Dynamic Funding, Inc., (DFI) a Colorado-based equipment leasing company, announces the addition of Alexandra Gish as director of business development. Gish has nearly 15 years of experience in sales management and business development.

“Alex will be a great addition to the Dynamic Funding team because of her strong sales background and her experience managing and growing strategic client relationships,” says Brad Bayless, vice president of Dynamic Funding, Inc.

Dynamic Funding, Inc. (DFI) is a Colorado-based, locally owned and operated, independent equipment leasing company. Founded in 1996, DFI is a full service lessor that provides equipment financing for technology assets, software and services, and additional operating equipment. For more information, please visit www.dynamicfundinginc.com.

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