April’s Business Essentials Program partner is First Financial Corporate Services, an equipment financing organization with exceptional lease rates to help AZTC members get the best leasing rates and flexibility on IT equipment, manufacturing equipment, material handling equipment, and medical equipment. This post is written by First Financial Corporate Services’ Senior Vice President of Business Development, Todd Bankofier.
How did I become interested in technology financing? Well… my continued interest in technology and its capacity to change the lives and productivity of our society has never narrowed. As we all have come to realize, getting the best and latest in equipment technology could mean the difference in gaining market share and losing it. But we all grapple with how to capitalize the expense. From start-ups to well-established companies all dialog is extensively about the financing of their next stage of product development. Access to capital always reigns supreme on the action item list. However, in these turbulent times, companies with cash flow issues add the need to conserve cash to the list. This is mainly what grabbed my interest in helping companies finance new equipment.
Let’s talk directly about some reasons why this might be the perfect time for you to be considering leasing of technology for your company?
Headlines such as these:
“Outdated Equipment Ripe for Replacement as Economy Improves”
“U.S. Technology manufacturing is up +12.7% year over year”
“Equipment Financing Poised for Significant Growth in 2012”
Companies over the past few years really have limited their capital expenditures due to uncertainty in the economy. The industry is at an inflection point where it no longer makes economic sense to continue to invest in old or outdated equipment. Now is the time for companies to consider replacing outdated and fully depreciated equipment. At First Financial Corporate Services we take pride in our ability to assist buyers of technology make informed decisions about lease financing.
First Financial Corporate Services was ranked the 9th largest independent lessor in the U.S. in 2011. Our success can be attributed to our ability to fund a wide range of capital equipment across many industries. We have been serving the Arizona market since 2001 and now have the seasoned team of Dave Sanborne, Jeff Reardon and myself working with a wide range of Arizona companies.
Interested in technology leasing? We would love the chance to earn your business. Hope to have the opportunity to talk to you soon.