Business-equipment financing volume increased 21% last month compared with January 2011, according to an ELFA survey. “The continued strengthening in financing volume and the trend toward healthier portfolios provide clear evidence that the equipment-finance marketplace is regaining some of the momentum lost during the Great Recession,” said ELFA President and…
We recently received a Sharp MX-M623N Network Copier off lease. It is only 1 year old and is in excellent condition. It originally sold for $31,000.00. Key features include: Print, Copy, Scan, Fax, File Pages per minute: 62 B/W Paper capacity: Std 3100 Max 6600 sheets True 1200 x…
According to GlobeSt.com, the Financial Accounting Standards Board and the International Accounting Standards Board are moving closer, albeit slowly and with re-exposed drafts along the way, to their goal of new converged accounting standards for leases. Although the two accounting-standards setters have re-exposed a draft, thus pushing the day of…
We are starting to receive a lot of requests from businesses who want to upgrade their IT equipment. New data center servers, iPADS, laptops, and networking gear. They simply need to be more productive. Lease financing makes a lot of sense when acquiring technology. One thing you can count…
The following article may have ramifications for IT Equipment Leasing By Jim Noyes, Lifespan Technology Recycling “Is the risk of improper disposal becoming the key driver in asset disposition in today’s regulated environment?” Mid-sized companies to Fortune 500 companies are being fined by federal and/or state agencies for thousands…
Madison Capital The economy likely expanded at an annual rate of 3% in the fourth quarter, according to FactSet. The Commerce Department is releasing the official result today. A 3% gain would be a modest improvement from the third quarter, when the economy grew 1.8%. In December, companies spent more on…
The Equipment Leasing and Finance Association (ELFA) revealed its Top Ten Equipment Acquisition Trends for 2012. Growth, uncertainty and numerous benefits underlie many of the trends that businesses acquiring equipment this year can expect. Every year U.S. businesses, nonprofits and government agencies spend in excess of $1.2 trillion in capital…
The proposed lease accounting rules by FASB/IASB should not have a significant impact on healthcare industry lessees. Most of the lease transactions are generally for high-tech equipment such as CT scanners and MRIs with good residuals and favorable tax benefits so the resent values (capitalized amounts) are significantly less than…
November was a good month for commercial vehicle lease financing transactions. We refinanced 22 recently purchased heavy duty pick-up trucks for a Texas oil refinery services company. We also financed 18 new vehicles for a share ride company for $240,000 and 9 new vehicles for a drivers education school for…
If you are planning to purchase medical equipment for your practice or hospital you may want to consider some of the advantages of leasing medical equipment. There are good reasons why 8 out of 10 U.S. businesses lease some or all of the equipment needed to run their operations. Most…
