Equipment Leasing Blog

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Wednesday, August 29, 2012

A Month of Family Fun

August isn't just the last official month of summer- it's National Family Fun month! Before the kids go back to school you'll want to spend as much time together as possible, but do you ever have a hard time thinking of fun things you can all do together? There are 31 days in August, so use this list of 31 fun activities for you and your family to do together during Family Fun month!

1. Visit an amusement park
2. Go for a bike ride
3. Have a family game night
4. Spend a day at your county's fair
5. Go to a movie
6. Visit a local museum
7. Take a trip to your city's pool
8. Have a tie-dye party
9. Take a road trip to visit relatives
10. Look at old family photo albums together
11. Fly kites on a windy day
12. Bake cookies together
13. Go mini golfing
14. Have family dinner nights where each family member gets one night to pick their favorite dinner and everyone has to help make it
15. Divide your family members into teams and have a city wide scavenger hunt
16. Go hiking for the day - Don't forget to pack a picnic!
17. Have a family movie night
18. Make pinecone bird feeders to put in the garden
19. Go to a farmer's market
20. Visit the beach
21. Create a sidewalk chalk art gallery
22. Have a water balloon fight
23. Go camping in your back yard
24. See a movie at an outdoor theater
25. Spend a day volunteering together
26. Visit the library
27. Go bowling
28. Plant a tree for your family to take a photo in front of every year
29. Have each family member make a stepping stone for the garden and date it... it's a great keepsake for when your kids are older!
30. Have a family reunion and cook out
31. Make homemade waffle cones and enjoy some ice cream on a hot day

There is nothing more important than family, so spend as much time together as possible and enjoy a full month of family fun!


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posted by Tiger Leasing @ 11:03 AM 0 Comments

Wednesday, August 15, 2012

Leasing Glossary

Sometimes certain business terms can seem like a foreign language. At Tiger Leasing we don’t want you to become overwhelmed with leasing terminology. Leasing has many benefits so we would never want any of our jargon to stop you from applying. This is why we put together this glossary of leasing-related terms:

Application form- The form used by leasing companies, given to potential lessees ready to apply for a lease. Tiger has streamlined our leasing process to make it as quick and simply as possible with online applications or downloadable application forms.

Credit score- Leasing companies heavily rely on scores from your D&B and FICO reports when evaluating applications, but scores alone are not the deciding factor of approving lease applications. Visit Tiger’s Credit Scores page for more information.

Deferred payment- A leasing program structured so the initial months of the leasing period have nominal or no payments; this type of program is beneficial to companies where the equipment will be used for a project won’t immediately generate revenue.

Down payment- An initial payment that is required when leasing equipment; usually only the first and last monthly lease payment is required as a down payment.

Fair market value buy-out- This leasing program provides you with the option to purchase the equipment at the end of the lease for its fair market value at that time. The options to continue leasing the equipment at its fair market value or return the equipment are also available with this program.

Lease purchase- This form of leasing program allows you to buy the equipment at the end of a program for a certain amount. Tiger offers a $100 buy-out leasing option.

Lease rate- The scheduled payment to a lessor for the use of equipment.

Lease term- The length of a lease, usually stated in monthly increments but sometimes in quarterly or yearly statements.

Lessee- The person or party that leases the equipment.

Lessor- The Company that rents the equipment to the lessee.

Level payments- Equal, scheduled payments over the term of the lease.

Municipal lease- A leasing program available to all city and state agencies that offers rates much lower than standard commercial rates.

Operating leasing- See “fair market value buy-out”.

Renewal option- The lessee’s option to renew a lease contract when it ends.

Seasonal payment- A leasing program where the payments can be specifically structured for businesses with seasonal cash flows.

Step-up/Step-down payments- A leasing program option where lease payments can be set up to match a company’s cash flow needs; payments can start low and increase during the later years of the lease or vice versa.

Term- The length of time a lease agreement lasts.

Vendor- The seller of the equipment that is leased.

Venture lease- A leasing program that is backed by a venture capital company and a preferred leasing plan for start-up businesses. Tiger offers a venture lease that provides 100% financing.

Feel free to contact the Tiger Leasing team with any questions or for more information:


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posted by Tiger Leasing @ 1:00 PM 0 Comments

Thursday, August 9, 2012

Define Your Business

As a leader of your brand, have you ever stopped and asked yourself, "Who is my target customer and what value does my business deliver?" These are essential questions to ask about your company because if you don't know the answers, how will your customers? Every brand has some sort of business model but when it is clearly defined, so is your business. Having a defined business makes it much easier to bring valuable products or services to your customers. If your business is in the early stages of development, if you’re looking to improve your business and customer service, or if you never formally defined your business to begin with, these quick and simple steps might help!

What is the future of your business?
If you are starting a business one of the first things you should ask yourself is, "What do I want my business to become?" Your answer could be something as simple as, "To become a successful leasing company," or an answer as specific as, "To become the most respected leasing agency on the east coast, possessing 50% of the market for commercial equipment leasing." Knowing what you want your business to become is vital because goals can and should be pursued very differently. Not knowing the answer to this question can waste time and money.

What is your mission statement?
If your business doesn't have a mission statement, now is the time to create one! Mission statements are an important part of your business model and in defining your brand. They reflect every facet of your business; the products you offer, quality, service, employees and customer relationships. Mission statements don't have to be a certain length, but they do have to be long enough to clarify to customers what business you're in, your goals and your objectives.

Who are your customers?
Defining your audience is critical. If you don't know who your audience is, how are you going to market to them? If you're business is still in its early stages, an easy way to figure out your target audience is by looking at your competitors' audience. Demographics such as age, gender, location, occupation and income level as well as psychographic characteristics like personality, attitudes, values and behavior are also beneficial to take in to consideration when defining your audience.

Who are your competitors?
Knowing who your competitors are is also an important step when defining your business since you are fighting for the same audience. If you have a small business that is going to operate locally, you can find competitors by simply looking in the phone book. However, if your business has non-local competitors you might have to compete with big retail stores that have a larger budget and more resources. You need to do the research to find out what benefits your competition offers and why customers buy from them in order to compete for your shared target audience.

How will you stand out?
Defining your business' strategies that will make your business stand out is an important step that can't be overlooked. What will you do to lead people to choose your business over your competitors? Some possibilities include making your products or services better, cheaper or more convenient. The quality of your employees also makes a big difference - who would choose a store with few employees to answer your questions over a store with friendly, helpful employees around every corner? Taking extra steps to ensure customer satisfaction is always a good way to make your business stand out from the rest!

Knowing your business' goals, mission, audience and competitors are the building blocks that will help you define your business and bring valuable products and services to your customers. These steps require time, thought and thorough research, but it will all pay off in the end when you get to enjoy the benefits of a successful business!


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posted by Tiger Leasing @ 9:17 AM 0 Comments