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Strategic Alliance Solves Common Equipment Leasing and Financing Problems
Leasingsecrets.com and Westover Financial, Inc. Strategic Alliance Solves Common Equipment Leasing and Financing Problems
The joint venture between these two equipment leasing and finance companies will provide a unique combination of problem solving capabilites to the commercial marketplace. The business sector of small and mid size companies who need equipment financing and leasing will have access to a variety of lenders for their particular needs. In addition they will have access to information which will assist them in solving the problems which arise during this process.
(PRWEB) June 30, 2004 -- Leasingsecrets.com and Westover Financial, Inc. announced that they have formalized a strategic marketing alliance. This joint venture will provide solutions to many of the common problems encountered by small and medium sized businesses when they need to finance or lease equipment.
Westover Financial, Inc. headquartered in Santa Ana, California was founded in 1984 and has branch offices in Los Angeles, San Francisco, Denver and Tampa. They will be able to offer the customers of Leasingsecrets.com, a division of Equipment Funding Resources, a wide variety of lending sources previously unavailable.
Leasingsecrets.com, an equipment leasing publications website, publishes "how to" guides for business owners and decision makers. These guides are thorough, step by step, tutorials on how to work through the sometimes confusing process of obtaining equipment financing and leasing.
Equipment Funding Resources and Leasingsecrets.com were founded in 1991 by Tom Tolman. During his thirty years of experience in all facets of the equipment financing and leasing industry, he recognized the critical need for a customized, value added approach with regard to the equipment financing and leasing needs of small, medium and large businesses. He has worked for such major companies and institutional lenders as Avis, U.S. Leasing International, Xerox Credit Corporation and HSBC Business Loans, a subsidiary of Hong Kong Shanghai Bank. Involved in various, upper level sales, marketing and credit management capacities, he has been directly responsible for the financing and leasing of over 100 million dollars worth of equipment in his career. He assisted the following companies, among others, in providing equipment financing and leasing solutions for equipment acquisitions of all types:
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| Lockheed |
Auto Insurance Specialists | Nissan |
Avery Label | Racal-Dana |
Burger King | Toshiba Medical Systems |
Domino's Pizza | U.S. Rentals |
As part of his overall experience, he determined that each of the companies he worked for, as well as most others in the industry, served a very narrow segment of their respective, overall markets. This was in relation to the specific terms of credit qualification requirements, equipment types, documentation restrictions and transaction sizes.
At the same time, as a matter of sound sales and marketing policies, he also recognized that these companies also did not necessarily provide their customers and prospects, in all cases, with the complete background and knowledge they needed to make informed, competitive business decisions. He found this to be especially true with regard to each of his prospect's and client's unique equipment financing or leasing needs.
As a result, he formulated a revolutionary approach to the market needs of the small, medium and large sized companies who were seeking equipment leasing and financing services, and built the company around that concept.
By compiling and continuously updating a database of over 100 different underwriter/lenders through his years in the business, and making those available to his clients, Equipment Funding Resources has been able to match the exact needs of the customer, in all respects, with the appropriate lender. From start-ups to Fortune 1000 companies, Equipment Funding Resources has the capability to accommodate most viable, equipment leasing and financing situations. This database is also used to assist equipment vendors of all types as a "sales-aid" tool in helping them increase their sales. This is accomplished by providing a pre-arranged financing option to their customers as a part of their equipment sales cycle. |
In conjunction with their sister company, leasingsecrets.com Equipment Funding Resources also publishes "how to" and informational guides to assist business people and corporate decision-makers in obtaining the best equipment leasing or loan terms available. The following products were published with this especially in mind:
"Insider's Guide to the Secrets of Equipment Financing and Leasing" "An Equipment Lease in Layman's Terms" "A Technology Lease in Layman's Terms" "17-Item Checklist When Leasing or Financing Equipment" "The Equipment Financing and Leasing Insider's Newsletter" "The Truth About Equipment Leasing/Loan Brokerage as a Business Opportunity" |