Alex Gish, Director of Business Development for Dynamic Funding, Inc, shares tips and tricks for better work spaces and well-designed professional settings with ColoradoBiz Magazine. Read which factors affect employee and office productivity the most, and how leasing can make a equipment or furniture refresh affordable.
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DYNAMIC FUNDING, INC. ADDS DIRECTOR OF BUSINESS DEVELOPMENT
Englewood, CO (February 1, 2017) –Dynamic Funding, a Colorado-based equipment leasing company, added Steve West as director of business development. West has nearly 40 years of experience in IT equipment and large-scale data storage sales.
“We are excited to welcome Steve to Dynamic Funding and are excited for him to bring his vast experience in the IT equipment market to the team,” said Brad Bayless, vice president of Dynamic Funding.
West joins DFI from United Reprographics Supply in Centennial, CO, where he was vice president of sales. Prior to his position with URS, West was the senior account executive at K12 and SLG.
Founded in 1996, DFI is a full service lessor that provides equipment financing for technology assets, software and services and additional operating equipment.
Alex Gish, Director of Business Development for Dynamic Funding, Inc, shares 3 tips for breweries seeking commercial financing with CompanyWeek. Read how one Denver-area brewery used our financing program to successfully open when other funding sources couldn’t help.
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.
Alex Gish, Director of Business Development for Dynamic Funding, Inc, discusses the craft brewery boom currently taking place in Colorado with ColoradoBiz Magazine. Read how your brewery should be managing growth by exploring cost-saving measures like production equipment leasing.
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Aimee Miller Marketing & Communications
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.
Three things you never thought you could finance
Creative business financing
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.
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.
Be prepared with a business plan
There are more than 780,000 franchise establishments in the U.S. that support nearly 8.9 million direct jobs and $890 billion of economic output for the U.S. economy. Big business and growing.
Franchise businesses are expected to grow and create more jobs at a faster pace than the rest of the economy in 2015 for the fifth consecutive year, according to The Franchise Business Economic Outlook: 2015 by the International Franchise Association (IFA) Educational Foundation and IHS Economics.
And while this sector is growing and profiting, there is often one big roadblock to starting up and/or expanding a franchise – financing.
While some franchisors offer their own in-house financing programs, or have partnerships with a particular lending company, there are many situations where the parent company doesn’t offer financing or additional financing options may be required. The good news is there are opportunities available for franchisees that need to seek financing on their own and for situations where franchisors are willing to lend support their franchisees throughout the process. Read more and comment.
Riding the wave into 2015
Create growth opportunities for your business
As we dive headfirst into Q1, we are likely to see companies investing in additional resources, whether that be people, equipment, software or infrastructure. It’s the time of year when change is ripe, and with confidence on the rise, we’re poised for increased opportunities for growth and change as the door swings open to 2015.
Privately held U.S. companies are entering the New Year with strong profitability and healthy sales growth, according to Sageworks, a financial information company. “Over the past twelve months, private companies are growing sales at an annual rate of 8.6 percent. Private U.S. firms are also seeing their highest net profit margins in three years, at 6.6 percent.”
With increased sales comes the need for additional resources to support growth, enhance employee productivity and improve operations so deal flow can continue.
According to Ernst & Young (EY Divestitures), the dynamics that made 2014 a record year for U.S. deal making will continue into the new year, pointing to ongoing buoyancy for the M&A market in 2015. This trend is likely to stay on course as 81 percent of executives expect the deal market to improve in the next 12 months, while 41 percent of U.S. companies have five or more deals in their pipeline versus just 8 percent of companies six months ago.
This is good news on all fronts and sets the stage for confidently marching into 2015. For companies who want to take advantage of the positive trend, are in a growth mode, in need of upgrading their capabilities from the previous year, or have been involved in recent mergers or acquisitions, a variety of financing opportunities exist. Read more and comment.
Winning the sale…and growing your customer base
I’ve been in sales for most of my career – which is to say more than 25 years. I’ve learned the ups and downs of the game through trial and error and from several mentors over the years who’ve helped steer me in the right direction. As a veteran of the finance industry and a former small business owner, I’ve learned a few keys to success for creating lasting relationships with customers. The following are a few highlights for winning the sale and growing your customer base in the process.
Focus on the customer, not yourself. Ask open-ended questions to learn as much as you can about the customer’s business and their current situation. This will help you determine whether the client truly needs and will benefit from your offering.
Solve a Challenge
Provide a solution to a challenge or problem the client is experiencing. What pain can you help solve? Can you help them free up cash? Acquire the technology or equipment they need to operate or expand? Bundle multiple lease items? If you can offer an optimal solution you will prove your value and help set the course for a long-term partnership. Read more and comment.