Equipment Leasing Blog

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Thursday, March 27, 2014

Top 6 Reasons for Equipment Leasing

According to the U.S. Equipment Finance Market Study, “72% of firms used at least one form of financing (excluding credit card use). Companies with less than $1 million in revenues used financing in only 49% of their equipment acquisitions, while companies with revenues between $25 million and $100 million used financing in 86% of their acquisitions.” There are many reasons why businesses lease equipment. Equipment leasing makes it possible for companies of all sizes to conserve their cash and keep outflow and profits better aligned. As more businesses discover the benefits of equipment leasing, this option is becoming an increasingly popular alternative for acquiring necessary equipment.
  • Equipment Funding. You are only charged for what you use, your only initial cash expenditure is the first and last rental payment. Banks often charge you a fee on your line of credit. Through equipment leasing, the new equipment, pays for itself as you use it through operational efficiencies.
  • Financing. At Tiger Leasing, we do not require a down payment like banks often do. We have heard of some banks requiring as much as 20% to 30% down, which can eat away at your working capital. Additionally, with equipment financing, soft costs such as installation, initial set-up and computer software are generally included in the cost of the lease as well.
  • Flexibility. Leases can be designed to meet your specific needs. Leasing business assets often facilitate add-ons, trade-ups and easier upgrades. At Tiger Leasing, we are also able to structure your payment plans and lease terms to fit your unique situation. Do you need 90 days to get the equipment up and running before your first payment is due? No problem!
  • Outsmart Budget Limitations. If you're facing limited budgets that are threatening to delay or prevent the acquisition of the equipment your business needs, equipment leasing can help. Leasing allows for quick budget approval due to its small monthly expense. A lease can work with and around even the tightest budgets.
  • Specialized Assistance. Reputable leasing companies work closely with equipment companies. At Tiger, we work together with our equipment vendors to determine what a client’s business needs to be profitable. Equipment leasing companies can also create individuated lease arrangements so that your business has time to get the equipment up and running.
  • Options, Options, Options. At Tiger, we offer a variety of leasing options that banks cannot match such as: Lease purchase, operating lease, venture leases, deferred payment, seasonal payment, step up/step down and municipal lease.

Are you interested in leasing? Contact Tiger Leasing now or apply online for your equipment lease today.

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posted by Tiger Leasing @ 9:02 AM 0 Comments

Wednesday, March 19, 2014

Computer Leasing & Financing Solutions

Computers are a constantly changing form of technology. It seems like every few months, there is a new or updated model released, so how do you make sure your business has the computer equipment it needs to operate smoothly? Computer equipment is a pricey investment, so purchasing new models as they are released is most likely not an option. The answer to this predicament is computer equipment leasing!

A major benefit of equipment leasing is that once your lease is up, you have the option of returning the equipment. This is especially advantageous for businesses looking to lease their computer equipment because there are several industries where you can’t afford to be stuck with outdated technology. On the flip side, if you want to keep your computer equipment, you are able to purchase it for only $100 with the Tiger Leasing buy-out program. You also have the option to upgrade your equipment at any time, which immediately puts you one step ahead of your competition who buys their computer systems. While you will always be able to upgrade to the latest and greatest, your competitors are stuck paying for the now-outdated equipment they purchased.

Leasing doesn’t tie up your funds like purchasing does which allows you to have more working capital available for other business expenses, like your marketing efforts. Tiger’s variety of innovative computer finance programs are structured to provide 100% financing on computer equipment and software. In order for you to make the most of your technology, Tiger Leasing also offers maintenance and training as an add-on to your computer leasing agreement.

Whether your company is big or small, Tiger Leasing can help you affordably obtain the computer equipment you need. If you are considering leasing, our LeaseCalc™ lease calculator can help you estimate your monthly payments, or feel free to contact the professionals at Tiger Leasing for more information.

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posted by Tiger Leasing @ 6:13 PM 0 Comments

Tuesday, March 11, 2014

Boosting Productivity in the Workplace

According to the Business Insider, in 2013, the average full-time American employee works right around 1,700 hours per year. That’s time most of us would rather spend doing other things. In 1,700 hours, you could watch 680 movies, run 10,200 miles or bake 122,400 cookies. It is no surprise that frustration can develop among employees spending that much time at the office. But you must not fear, as a manager or employer there are ways to boost productivity in the workplace so that your business comes out on top.
  1. Encourage, motivate, reward and recognize
  2. By encouraging, motivating, rewarding and recognizing, employees feel appreciated. They also will continue to work hard to prove their worth. Without these, employees may start looking for work elsewhere. Always be on the lookout for employees going above and beyond or those doing their job exceptionally well. The recognition and rewards will serve as a motivation not only to the employees being acknowledged, but also as encouragement for the rest of the team

  3. Sense of direction
  4. By creating a sense of direction for your business and your employees, you are revolutionizing a vision for success in employee’s minds. Providing positive feedback and productive criticism, you will allow your employees to learn and grow within the business. From there they can see clearly how their contribution and involvement is necessary to create success.

  5. Set expectations for communication 
  6. As a leader, you need to be communicating with your team. By setting clear expectations of the work ahead, you pave the route for a 2-way conversation, which is essential to employee and employer satisfaction. An open door policy helps employees feel confident in your leading ability and their role within the organization. This confidence can lead to a better work environment and more productive employees.

  7. Hold employees accountable
  8. Employee accountability and follow through is a necessary aspect of your job as a manager. Employees should know they are accountable for their actions and decisions. By having these conversations you enrich the 2-way conversation and ensure the consistency of the projects.

  9. Promote team work
  10. Allow employees to work in teams. Working in a team has shown significantly more happiness in employee’s over time. A team is also able to do more work than an individual. Recognizing your employees as individuals then letting them work together to create a stronger product will not only benefit the team, but your business as a whole.

  11. Let employees shift time
  12. Try not to focus so much on when employees come and go; rather, focus on their results. If possible, allow your employees to work at the times that are their peak productivity times. If some members of your team are morning people, allowing them to work 7:00 – 3:00 is ideal, while an employee taking college courses may appreciate a later start time to accommodate their class work. Employees appreciate flexibility and if you can work with them, they are more likely to be productive when they are at the office.

  13. Provide the proper tools
  14. There may be budget and financial restraints; however, if your equipment or technology is not up to date, you are creating larger problems. Equipment leasing programs allow you to keep your equipment and machinery as current as possible, so your employees are working with the latest technology.

  15. Eliminate unnecessary meetings
  16. Too many meetings limit your efficiency and production. If your employees are caught up in redundant meetings, they aren’t producing results. While meetings are incredibly useful, they should be limited. to brainstorming, solidifying plans of action or when issues occur. This gives more time for employees to work and achieve results without sacrificing meetings altogether.
By boosting productivity and inspiring your team to be the best they can be, you remove barriers to their success. As a leader it’s up to you to inspire and maintain workplace productivity. What other workplace productivity tips do you have? Share your thoughts with us below in a comment, on our Facebook page or Tweet us!

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posted by Tiger Leasing @ 1:30 PM 0 Comments