Resources: Supporting Challenged Credit Businesses

Equipment financing resources that help you discover more ways to grow your business.

NFS Leasing provides a wide variety of equipment financing resources, from informative articles, Toolkits and educational videos to quick grab business infographics to help your business grow and succeed. Our goal is to continue to grow our Resources Library so you can easily discover more ways equipment financing can grow your business.

Leadership in Times of Crisis

by David DePamphilis, NFS Leasing Executive Vice President. Published in ELFA.

“As a business leader, how do you react in a time of crisis? Do you overreact, panic and show great emotion? Are you buying a 10-year supply of toilet paper and hoarding hand sanitizers? In times of crisis, your employees need a leader that is measured, thoughtful and communicates with clear and concise direction on a regular basis.

As of this date, March 22, 2020, the impact of the COVID-19 pandemic has changed our way of life almost overnight. Many of us went from enjoying the daily collaboration in an office environment to being confined to your home office, trying to collaborate remotely. The change in the working environment along with the real concerns of becoming sick, has created a tremendous amount of fear and angst.

The impact to business has been significant across most industries. Approximately 18% of American households are reporting at least one member of their household losing their jobs in the month of March creating a level of anxiety for Americans not seen since the 2008 financial crisis.

It is important to find the balance of being compassionate towards your employees with also keeping the business functioning during these unprecedented times.”

Contact David DePamphilis here to discuss what effects you are seeing on leadership and how your company are handling the current crisis.

Robotics: A New Frontier for the Equipment Finance Industry

“The rise of robotics and improved automation present a massive emerging opportunity for growth in the equipment finance industry,” says Dean Oliver of NFS Leasing.

Like many, I have often wondered at how technology has evolved so rapidly since the invention of the computer and the microchip, and more recently how it might evolve with the development of machine learning, artificial intelligence and the rise of industrial robotics. As a science fiction fan, I have enjoyed both optimistic (2001: A space Odyssey and Wall-E) and more dystopian (Blade Runner and Ex-Machina) visions of robotics; and I am happy to have lived through the age of the PC, the Internet, the cellphone/smart phone, and to witness electric cars become commonplace.

Today there are hundreds of new technology applications impacting virtually all industries, to such a degree that the World Economic Forum has begun to call this melding of the digital, physical and biological systems the “Fourth Industrial Revolutions” and has established a center to shape its development for the benefit of humanity.

Many have seen and are amazed by some of the most advanced robotic technologies demonstrated in the quarterly videos produced by Boston Dynamics. these robots appear incredibly versatile, lifelike and portend great advances to be made in the coming years…

Contact Dean Oliver here if you are interested in discussing how to further grow your Robotics Technologies with an equipment lease ¦ or to simply brood over the “Fourth Industrial Revolutions”.

Top 10 Equipment Acquisition Trends for 2019

ELFA Forecasts Generally Positive Economy and Solid Capital Investment with Building Headwinds and Moderated Growth by Year End

The Equipment Leasing and Finance Association (ELFA) which represents the $1 trillion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2019. Given U.S. businesses, nonprofits and government agencies will spend over $1.8 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S. economy…

Equip Your Business For Success!

Welcome to the Equipment Finance Advantage Digital Toolkit.

We designed this equipment finance resource to help you learn more about using equipment leasing and financing to operate and grow your business. How can equipment leasing and financing help your business? What do you need to know before entering an equipment financing agreement? How can you make the best possible equipment financing decisions for your business? In this toolkit, you’ll find the answers to these and many other questions you may have about acquiring equipment.

Contact us here to learn more about equipment leasing and financing.

8 Reasons Businesses Lease and Finance Equipment

The Vast Majority (78%) of U.S. Businesses Lease or Finance Their Equipment

The Equipment Leasing and Finance Association has released a new infographic highlighting why this method of equipment acquisition is so popular. The “8 Reasons to Finance Equipment for Your Business” infographic provides a reader-friendly, visually inviting explanation of some of the key benefits businesses enjoy when they lease or finance the equipment they need to operate and grow.

This new tool is the latest resource from ELFA’s Equipment Finance Advantage website for end-users, a one-stop resource designed to help current and potential end-users of equipment financing make the best possible decisions. The infographic showcases a variety of ways businesses can use equipment finance to their strategic advantage, including:

  • Finance 100%: – Arrange 100% financing of your equipment, software and services with 0% down payment.
  • Save cash: – Save your limited cash for other areas of your business, such as expansion, improvements, marketing or R&D.
  • Keep up-to-date: – Keep up-to-date with technology by acquiring more and better equipment than you could if the financing option were not available.
  • Outsource asset management: – Let your equipment financing company manage your equipment from delivery to disposal.
  • Accelerate ROI: – Rather than paying one lump sum for your equipment, make smaller payments while the equipment generates revenue.
  • Customize your terms: – Set customized payments to match your cash flow and even seasonal income fluctuations.
  • Benefit from bundling: – Bundle the equipment, installation, maintenance and more into a single, easy-to-manage solution.
  • Hedge against inflation: – Lock in rates when you sign your lease to avoid inflation in the future.

There’s a reason nearly 8 out of 10 companies lease or finance their equipment; it makes good business sense,” said ELFA President and CEO Ralph Petta. “We are pleased to present this new infographic illustrating some of the important ways our industry ‘Equips Business for Success.’”

Contact us here to learn more about equipment leasing and financing.