Equipment Leasing Blog

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Monday, March 28, 2011

To Lease, or Not to Lease


While fine wines may get better with time, the equipment necessary to run a winery tends to depreciate through the years. Regularly purchasing updated equipment is out of the question for many vintners. While most make the most of the equipment they have, some wineries are turning to equipment leasing to upgrade their equipment and facilities. Equipment leasing allows wineries and other businesses to acquire the equipment and resources they need through innovative financing solutions that work. Growing businesses need to seize the opportunities presented to them. Equipment leasing and personalized financing plans offer practical solutions for wineries of all sizes.

The Benefits of Equipment Leasing:

  • Beat Your Budget Restrictions: Limited budgets often keep wineries from acquiring the equipment they need to grow. Equipment leasing requires small monthly expenses rather than large, lump-sum totals. The right equipment lease can flatter even the tightest budgets.

  • Start Using your Leased Equipment Quickly: Use your equipment immediately with simple monthly payments instead of large upfront fees. Unlike a bank loan, there is no down payment or compensating balances required. All it takes is the first and last rental payment and you'll be using the new equipment in no time!

  • Ownership Can Be Expensive: Your profits are generated when you use your equipment, not simply by owning it. Use updated equipment to grow your business without purchasing costly pricey equipment.

  • Keep Your Cash: Keep your cash free for marketing initiatives, working capital, or seasonal cash flow needs.

  • Modern Equipment Can Pay For Itself: Outdated equipment can grow inefficient over time. Leasing new equipment, with more efficient operating rates and updated capabilities, pays for itself over time.

  • Preserve Your Credit Lines: Retain existing lines of credit and borrowing availability for operational and short-term financing needs.

  • Equipment Leasing Finances 100% of Equipment Costs: Equipment leases from Tiger Leasing finance 100% of the cost of the equipment. This includes "soft" costs in your lease too! "Soft" costs can include expenses such as shipping, software, training, and installation. Get more for your winery with equipment leases.

  • Never Get Stuck with Outdated Equipment: Equipment leasing lets your company upgrade your equipment regularly. Acquire up to date equipment and resources without the worry of when it will become obsolete.

  • Lease Payments May be Fully Tax-Deductible: Some equipment leasing programs allow wineries and other businesses to claim lease payments as an operational expense. Tiger Leasing has a Tax Savings Lease Calculator to help businesses better understand the tax benefits of equipment leasing.

Tiger Leasing, LLC is an independent equipment leasing company dedicated to providing customized commercial leasing programs to meet the needs of growing companies. We are more than just another commercial financing company with commercial leasing programs. We act as partners you can rely on to develop financing solutions so your company can do MORE business.


The equipment leasing article above was featured in the March - April 2011 Grapevine Vineyard Magazine. For more information on winery equipment or how leasing can benefit your growing company, please contact Tiger Leasing today!

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posted by Tiger Leasing @ 2:36 PM 0 Comments Links to this post

Monday, March 21, 2011

Equipment Leasing for Veterinary Care

Veterinarians have the difficult challenge of determining the ailments of patients who can't communicate what hurts and where. To overcome this obstacle and offer effective treatments, veterinarians must rely on their experience and powerful equipment to guide them. However, this high-tech medical equipment can create financial obstacles for any size of veterinary clinic. '

Fortunately, veterinary equipment leasing can serve as a viable alternative for veterinary clinics that lack the necessary funding to purchase the medical equipment upfront. Instead, working capital can be reserved for the day-to-day operating expenses of a veterinary clinic. Overcoming budget restrictions by leasing veterinary equipment can provide veterinarians with the opportunity to purchase higher quality additional veterinary equipment that will further improve the quality of care offered by a clinic.

In addition, veterinarians who regard supplementary or updated equipment as investments rather than expenses can boost their bottom line without a hefty initial cash investment. For example, the purchase of a $6,000 ultrasonic cleaning system means a veterinary clinic could expand its offerings to include high quality dental care. If the clinic charges $300 for a dental care appointment and performs one procedure a week, the veterinary equipment would pay for itself within 6 months. From then on, the animal clinic would reap the profits. Similarly, upgraded equipment may improve the efficiency of office visits, which results in labor cost savings and less stressful office visits for both animals and their owners.

Finally, animal hospitals and vet clinics that choose to lease veterinary equipment will eliminate equipment obsolescence. Purchasing veterinary equipment upfront or by borrowing from a bank means that some clinics may be obligated to utilize equipment even after it becomes outdated. However, animal hospitals that lease veterinary equipment are free to upgrade at the end of the lease term.

When deciding to take advantage of the opportunities new veterinary equipment presents, choose your equipment leasing company wisely. Select a veterinary equipment leasing company based on:

  • Flexibility: What kind of veterinary equipment leasing programs are offered? Does the equipment leasing company feature financing solutions that will meet your needs?

  • Financing: Does the leasing company provide 100% financing? Some leases allow costs such as shipping, software, training and installation to be included in the lease agreement. This means your clinic won't be required to cover these costs out of pocket.

  • Credibility: Does the equipment leasing firm boast a record of success? Find out the sentiments of past clients to determine the likelihood of your complete satisfaction.
Though operating an animal clinic can be challenging, veterinary equipment leasing options can ease some of the financial stressors veterinarians face, so they can concentrate on the treatment of their patients.

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posted by Tiger Leasing @ 3:15 PM 0 Comments Links to this post

Wednesday, March 9, 2011

Staying Positive in the Wake of Business Startup Challenges

Entrepreneurs and business owners represent a class of very ambitious, talented and relentless individuals. Those that make the cut know that staying positive while business challenges rock the boat can mean the difference between success and failure.

"Entrepreneurs are not easily discouraged," Kauffman Foundation CEO Carl Schramm said according to a USA Today article. "In boom times and in tough times, roughly 600,000 firms are formed every year in America — about one per minute. For a lot of entrepreneurs, when they have an idea, it becomes a passion, almost an obsession," Schramm said. "They cannot not do it."

If you find yourself with the drive to succeed even in the face of seemingly insurmountable challenges, resolve to remain upbeat throughout business downturns.

Remember the Greats

All of these individuals encountered what could have been crippling challenges. But, all refused to give up:

  • Thomas Edison submitted over 1,000 patents, but only a select few were viable ideas.

  • Soichiro Honda interviewed for an engineering job with Toyota Motor Corporation and was turned down. During his bout of unemployment, he started making scooters in his garage until his neighbors encouraged him to start his own business.

  • Lucille Ball, Harrison Ford and Fred Astaire were all told at one point that they were terrible actors, but each continued to audition.

  • Michael Jordan was cut from his high school basketball team, but remained positive. Jordan said, "I have failed over and over and over again in my life, and that is why I succeed."

Take a lesson from these iconic individuals. They failed early on, but returned with vigor to become proof that talent and persistence breeds success.

Learn from Your Mistakes

Encountering pitfalls and stumbling from time to time is part of an entrepreneur's cycle of success. However, those choose to respond appropriately in ill-fated situations will emerge from the trial a stronger business owner. Follow these steps to fail with purpose:
  • Accept Responsibility: If you're at fault and won't admit error, it's impossible to learn from the situation. If the pitfall you've experienced was in fact happenstance, determine what actions you could have taken to better mitigate the negative impact.

  • Drop the Guilt: Wallowing in self-guilt will cloud your judgment and make the situation worse. Take a few minutes to mourn your error, then resolve to start the clean-up with a clear head.

  • Seek to Understand Why the Error Occurred: If it helps, write out a timeline that contains each event that lead up to the fallout.

  • Resolve to Avoid Repeating it: Make a list of actions you can take in the future to ensure it won't happen again.

Seek Support

Many business entrepreneurs will tell you that they didn't accomplish great feats completely on their own. Many successful business owners have partners, mentors, advisers or individuals who offered emotional support. If you find new business challenges to extend beyond what you can handle, ask advice from an expert or seek an outside opinion. At times your proximity to your business challenge can cloud your judgment.

If you're an entrepreneur, the chance of you making it big without encountering major challenges is slim. Actively work to stay positive and use trials as opportunities to overcome difficulty and improve.

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posted by Tiger Leasing @ 2:06 PM 0 Comments Links to this post