Manufacturer Financing & Leasing Options
Cash may be king, but smart business owners can benefit from strategic use of alternative financing options.
“Brad Bayless, vice president of Englewood, Colo.-based Dynamic Funding Inc., notes that businesses of all sizes can benefit from such financial options. In the company’s 18 years, it has provided leasing services for the acquisition of high-dollar equipment for companies within the automotive industry and beyond. Regardless of the industry or size of company, he says, the utilization of alternative financing can make solid business sense.” Read more.
Wood will lead DFI’s new focus on vendor and manufacturer-oriented business relationships and help establish strategic national vendor leasing accounts programs for manufacturers, distributors and resellers of technology equipment, software, office furniture and other business assets. He has over 20 years of experience in the equipment leasing industry.
FOR IMMEDIATE RELEASE
Contact: Aimee Miller
Aimee Miller Marketing & Communications
DYNAMIC FUNDING, INC. ADDS DIRECTOR OF BUSINESS DEVELOPMENT
Englewood, CO (January 14, 2013) – Dynamic Funding, Inc., (DFI) a Colorado based equipment leasing company, announces the addition of John Wood as director of business development. Wood has over 20 years of experience in the equipment leasing industry.
Wood will lead DFI’s new focus on vendor and manufacturer-oriented business relationships and help establish strategic national vendor leasing accounts programs for manufacturers, distributors and resellers of technology equipment, software, office furniture and other business assets.
“John will be a great addition to the Dynamic Funding team because of his extensive expertise in the equipment leasing industry and his experience establishing and managing direct vendor and manufacturer programs,” 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.
Why do 72% or 7 out of 10 business owners in the U.S. use some form of financing when acquiring equipment? It reduces risk, maintains cash, preserves capital and allows for upgrades to the latest technology available. Read more on operating leases or capital leases.
Click here to view DFI’s Q4 email with info on the 5 C’s of lending — quick tips for acquiring commercial financing — and a list of top tech trends for businesses.
DFI’s Brad Bayless just back from the ELFA Annual Convention in Orlando — the largest annual gathering for leaders in the equipment finance industry. Will deliver news and insights in our upcoming Q4 email. Stay tuned!
Dynamic Funding, Inc. president, Jim Tarbell, just returned from the 2013 NEFA Funding Symposium in Nashville. Conference attendance was up, along with the mood among members who continue to be focused on helping business owners access capital and secure operating leases for growth.
DFI president, Jim Tarbell, will be attending the 2013 NEFA Funding Symposium in Nashville this week with brokers, lessors, banking leasing companies and other industry executives. Looking forward to the networking opportunities, education and insights from the conference that will help us better service our clients with the appropriate commercial financing options. Click here for more info on the conference.
The proposal on financial reporting for leases faces significant opposition from businesses from around the globe, including U.S. retailer Dollar General, Delta Airlines and Swiss oil and gas offshore drilling contractor Noble Corp, according to a recent article in the Journal of Accountancy.
The proposal calls for lessees to report a straight-line lease expense in their income statement for most real estate leases. In most equipment and vehicle leases, lessees would recognize a lease as a nonfinancial asset measured at cost, less amortization. This would result in a total lease expense that generally would decrease over the lease term
The boards have expressed a desire to have a final standard in place by 2014, although implementation is not expected to occur earlier than fiscal years beginning Jan. 1, 2017.
Job growth in Metro Denver remained strong through the first half of the year, as the region added jobs at a faster rate than both Colorado and the nation, according to data compiled by the Metro Denver Economic Development Corporation (Metro Denver EDC) in its Monthly Economic Summary for August 2013.
Metro Denver’s healthy economy, as well as its attractive business environment, continued to earn the region accolades. CNBC recently ranked Colorado as a top-10 state for business, and Outside magazine ranked 19 Metro Denver companies on its list of the 100 best places to work in the U.S.
And with more jobs comes more outlays on equipment and technology for business owners. According to Technology Business Research’s survey, IT spending is projected to increase in the 1 to 3 percent range in 2014. Find out more about the basics of leasing and how to upgrade your equipment and technology while conserving your working capital.