Rob Haynes, Director of Business Development for Dynamic Funding, Inc, shares some observations on trends within the financing industry with CompanyWeek, and offers some advice for what business owners should be asking a leasing partner.
They are bringing together industry leaders to discuss trends and regulations shaping the future of the lending industry. This free event will be a great opportunity for lending and leasing professionals to get together for a keynote and 3 great breakout sessions:
- How Outsourcing Supports Your Goals and Strategy
- The Innovative Lending Platform Association & Healthy Business Lending
- The Present and Future of Scoring in Equipment and Small Business Finance
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.
FOR IMMEDIATE RELEASE
Contact: Aimee Miller
Aimee Miller Marketing & Communications
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.
At Dynamic Funding, Inc., we help business owners acquire the hard assets they need to expand and grow their business without tying up capital. Most recently, we have helped businesses in manufacturing, brewing and IT with expansion projects and final touches before opening. Read more about each below:
Office Furniture Refresh
Fair Market Value/Operating Lease – $70,000 over 36 months
The customer was at a point where using their capital wasn’t appealing, so they pursued a financing option instead.
$1 Out/ Capital Lease – $25,000 over 48 months
The customer was a startup brewery at the end of their build-out, and realized that they didn’t have the capital for the last piece of the restaurant equipment. They found DFI at the right time, and they were able to open their doors for business.
Office Expansion and IT Acquisition
Fair Market Value/Operating Lease – $109,000 over 60 months
The customer was doing a large office expansion, and didn’t have the capital reserves to put toward their new furniture and IT equipment. They opted to go with leasing, and liked that DFI would put half of the amount down to get the order started.
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.
FOR IMMEDIATE RELEASE
Contact: Aimee Miller
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.