Brad Bayless Authors Article for CoBiz Magazine

Top five tech trends for business

What capital expenditures have you been putting off?

By Brad Bayless

With the dog days of summer in full swing, it’s the perfect time to take inventory of your business needs for the remainder of the year. We know many companies have been getting by the past few years with their existing IT systems and equipment to avoid overleveraging themselves as the economy faltered.

Many business owners have put off making important capital expenditures, but the tide may be changing. Even communications giant, Verizon, recently announced that it expects to increase its capital expenditures this year from its previous estimate of $16.2 billion to something between $16.4 billion and $16.6 billion. Read more.

Top 5 Trends in Technology

According to the 2013 ELFA Software Guide, the following are the top tech acquisitions, upgrades or trends for this year.

1. Software

Capital improvements are on the upswing with the increasing economic outlook and software companies report business is on the rise. Companies who have put off updating their IT platforms may find that this the ideal time to invest in overdue software upgrades.

2. New Business Intelligence Tools & CRM Solutions

Implementing automated workflow systems and more streamlined processes through new technology will allow for more accurate reporting, data collection and improved customer tracking.

3. Self-service Platforms

Some companies today are looking at how investing in new self-service technology can help reduce staff and other overhead costs and put certain businesses processes in the hands of customers, vendors and partners.

4. Cloud Computing

Cloud computing is certainly the new model for many companies who want solutions that are cost-effective, flexible and easy to expand. With cloud computing, users can access data from anywhere without the hassle of maintaining, hosting or supporting servers and software in house.

5. Lease Accounting Changes

The Financial Accounting Standards Board and the International Accounting Standards Board rule changes are expected to take effect in 2017 and this may effect current and future equipment leases. Now is a good time to evaluate your current IT system, especially old platforms that are difficult to change, and discuss your options with a commercial finance partner.

Metro Denver Economy Growing / Consumer Confidence Up

According to the Metro Denver Economic Corporation’s Monthly Economic Summary for June 2013, consumer confidence in Metro Denver is at a five-year high and the region continues to add new jobs at a steady pace.

Consumer confidence in the Mountain Region, which includes Colorado, rose to 89.1, the highest point since March 2008. The index showed significant improvement on a monthly basis, rising by 23.6 percent and increased by more than one-half (51.8 percent) compared with May 2012.

“Consumers are more optimistic about future job prospects and the state of the economy,” explained Patty Silverstein, president of Development Research Partners and chief economist for the Metro Denver EDC. “Consumer confidence jumped by almost 90 percent between April and May, which paints a positive picture for what’s happening economically on many fronts in the Metro Denver region.”

Metro Denver’s employment picture advanced greatly between March and April, as the area added more than 17,000 jobs and the unemployment rate dropped to the lowest point since December 2008. These great strides in adding new jobs were also reflected in several positive business rankings for Metro Denver. Read more.

Q2 Economic Activity Update

Economic activity in the manufacturing sector expanded in April for the fifth consecutive month, and the overall economy grew for the 47th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report on Business. The report was issued recently by Bradley J. Holcomb, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee.

Of the 18 manufacturing industries, 14 are reporting growth in April. Examples of these high-growth industries include Furniture & Related Products; Appliances & Components; Machinery; Plastics & Rubber Products; Transportation Equipment; and Computer & Electronic Products.

Increased economic activity in the manufacturing sector indicates an overall more confident nation in terms of the economy and the impact of federal policies on capital expenditures. At the same time, there continues to be a solid supply of capital available at low rates. Read more.

Dynamic Funding, Inc. Closes Deal with Town LLC to Expand Business


Aimee Miller
Aimee Miller Marketing & Communications


Englewood, CO (April 25, 2013) – Dynamic Funding, Inc. (DFI), a Colorado-based equipment leasing company, announces that it has provided a fair market value lease to Town LLC, and sister company Worth Interiors, LLC, for technology enhancements to expand the company’s Denver-based business. The new equipment will extend the existing infrastructure in order to tie together data collected from its wholesale furniture showroom and three interior design locations.

“This lease enabled Town LLC to get the equipment that they needed bundled with a monthly maintenance service. For these two small businesses, with a minimal technology infrastructure, this will allow them to expand as needed and operate more efficiently,” 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


ELFA Funding Conference Recap

By Brad Bayless

Last week, I attended the Equipment Leasing and Finance Association (ELFA) National Funding Conference in Chicago. The conference helped match up companies looking to expand their business with lenders looking to deploy their capital. Attendance was up from 490 participants last year to just around 600 participants for this year, signifying the successfulness of the event. Additionally, the number of exhibits increased 25% from last year. There was a very upbeat vibe throughout the three day conference and I thoroughly enjoyed networking with industry peers.

Headed to ELFA National Conference

By Brad Bayless

I’m off to Chicago to attend the Equipment Leasing and Finance Association (ELFA) National Funding Conference. This conference is a great opportunity for businesses networking with some of the finest funding sources in the industry, and I am glad to be participating. I’m looking forward to re-connecting with industry peers and gaining valuable insights that will benefit our clients in the year to come.

Dynamic Funding Inc. Adds Business Development Officer



Aimee Miller

Aimee Miller Marketing & Communications



Englewood, CO (March 20, 2013) – Dynamic Funding, Inc., (DFI) a Colorado based equipment leasing company, announces the addition of Scott Jordan as business development officer. Jordan has 25 years of experience in the finance industry and 30 years of sales experience.

“Scott will be a great addition to the Dynamic Funding team due to his business development and sales background and extensive knowledge of the finance industry,” says Brad Bayless, vice president of Dynamic Funding, Inc. “With a well-trained eye for identifying new sales prospects, we are confident he will help drive DFI’s growth.”

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


2013 Industry Outlook

The US commercial and industrial equipment rental and leasing industry, which includes more than 8,000 companies with combined annual revenue of about $45 billion, is expected to see growth in 2013, according to the latest industry forecast for First Research from INFORUM.

Commercial and industrial machinery rental and leasing companies are expected to benefit in 2013 as the construction sector continues to recover. As suggested by industry professionals, companies need to target customers in sectors with the strongest increases in construction spending, such as energy, manufacturing, and hospitality.