Business Finance Solutions

asked:

If you run a fitness center, you probably already know the importance of proper maintenance in ensuring the continual, optimal and efficient functioning of equipment.

Broken and ill-maintained equipment can have serious impact on your business. To run a viable business, you need to ensure that all your equipment is in top shape and functioning with maximum efficiency. For that, you need to follow a careful regimen of not just daily, weekly, monthly and even yearly maintenance, but also regular preventive maintenance of your treadmills, weight machines, cross trainers, ellipticals, steppers, et al.

Many business owners make the mistake of treating equipment maintenance as an irritant best avoided until absolutely necessary. But a shrewd player recognizes the potential business risk that loose bolts, frayed wires, and accumulated dirt can pose. Here are some reasons why it makes sense to have a proper maintenance plan for your fitness equipment:

Customer Experience and Satisfaction

It’s one thing for your customers to put up with equipment reeking of someone else’s sweat and grime, but it’s an altogether different level of frustration if they come to your facility only to find their favorite workout equipment is broken or out of action. Through proper maintenance, you can ensure that all your equipment is clean and in good working condition, thus maximizing customer satisfaction and earning their loyalty.
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Business Financing Service

asked: Overview of the Leasing Industry

•Historically, leasing dates back to thousands of years – where the industry has developed from being a manufacturer’s selling technique to a stand-alone specialized financial service industry.

•First leasing firms started in the US in 50′s; then in Europe and Japan in the 60′s; and since the 70′s, leasing has been spreading to many developing nations

•In 2001, over US$476 billion of new vehicles, plant, machinery and equipment were financed through leasing.

•Africa region accounted for US$3.8 bn less than 1% of total volume

•The top four countries in leasing volume are U.S., Japan, Germany, and the U.K.

•South Africa remains the largest leasing market in the Africa region with a volume of US$2.79 bn.

•Substantial scope for future growth – globally, annual leasing volumes as a percentage of GDP average about 1.5% (U.S. 2.3%).

Leasing Industry in the Developing Countries:

 Since the late 70′s, many developing nations have been developing their leasing industries. The most spectacular increases being in Asia, led by Korea.In 1994, South Korea’s leasing market was 5th largest in the World – an industry which was started in 1975 with IFC’s investment in Korea’s first leasing firm. Growth of leasing in Africa, Asia and S. America exploded in the early 90′s but stagnated over the last 5 years.

Why has Leasing Grown so Fast.

.Financial Leasing

A contractual arrangement that allows one party (the lessee) to use an asset owned by the leasing company (the lessor) in exchange for specific periodic payments.  This requires:

Separation of legal ownership from economic use. Credit analysis focuses on lessor’s cash generation capacity to finance lease payments rather than relying on credit history.

Security is the asset itself. As such, this product is particularly suitable for new Micro, Small or Medium Sized Enterprises.Leasing has filled the gap for financing the un-met demand for a key sector in any Economy.

For Lessee:

•Fewer requirements about balance sheets.

•Leasing may be the only source of financing

•No outside security/collateral needed

•Low documentation cost

•Leasing can finance a higher % of equipment than bank loans

•Governments allow lessees to deduct full lease payments from their income before tax.

For Lessor:

•Ownership of asset

•Transaction costs lower

•Lighter regulations, because they are not deposit taking institutions.

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Commercial and consumer micro small ticket financing and leasing is available to dealers and vendors customers. In this economy, consummating sales is hard enough and this available financing could be a deal maker for the dealers and vendors customers.U.S Corporate Capital Leasing Group offers small-ticket consumer and commercial micro ticket financing and equipment leasing to all new and credit-challenged businesses of any size to its customers through our lender network. To help close more deals, we work with various micro ticket lenders providing our customers with various financing options, including start up businesses.U.S Corporate Capital Leasing Group focus on providing financial solutions for micro-ticket transactions, or equipment ranging from $500 to $25,000. Most other leasing companies simply won’t consider Micro-ticket leasing because they are focused on more expensive equipment transactions.equipment financing leasing
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Mining Equipment Finance