A successful business relies on a variety of components, from consistent sales to unwavering customer service. One thing many companies overlook is the importance of cash flow and how to effectively manage it. Learning how to forecast cash flow for times of increased or decreased profit ensures consistent business success. Our CEO, Vernon Tirey,…
Here at LeaseQ we have been buzzing with excitement about “X-Men: Apocalypse” due out in theaters today. Are you planning to see it over the holiday weekend? If so, you will probably enjoy the movie while snacking on some delicious, yet overpriced concessions. This got us thinking about all of the equipment necessary to produce…
Chef Jared Forman secures equipment financing to open deadhorse hill in downtown Worcester. LeaseQ, an online marketplace that connects business owners, equipment sellers, and lenders to make selling and financing equipment fast and easy, announced a partnership with local chef and Food Network “Cutthroat Kitchen” winner Jared Forman to finance equipment for his Worcester restaurant…
This #NationalSmallBusinessWeek (May 1-7) got us thinking about what being an alternative lender means—to us, and to the small- and mid-size borrowers we serve. Being an alternative lender in the current marketplace means opening doors for people who would be otherwise shut out by traditional methods of financing. We do what we do as a…
Restauranteurs are finding it increasingly difficult to secure a traditional bank loan to open, expand, remodel or re-image their restaurant or franchise. Big banks see new restaurants especially as a risk and hesitate to offer funding for space, equipment, operations and other needs. Luckily, alternative methods of financing are readily available for restauranteurs to fund…
Our client and good friend Isaiah Stanback was featured in a Forbes article about his transition from pro footballer to small business owner. With LeaseQ’s help, he grew his gym, Steadfast Fitness and Performance, from a 1,100 square foot studio to a 14,000 square foot facility. With a new space and new equipment, he is…
LeaseQ, an online marketplace that connects business owners, equipment sellers, and lenders to make selling and financing equipment fast and easy, will be presenting at the upcoming LendIt USA 2016 conference at the San Francisco Marriott Marquis, San Francisco, Calif., April 11 – 12, 2016. LendIt, is the largest conference series dedicated to connecting the global…
According to LeaseQ CEO Vernon Tirey, the equipment finance industry must automate in order to maximize new opportunities and propel the industry forward. Through studying the industry and hearing the stories of lenders, equipment sellers and business owners, Tirey has learned: – First, the industry is not very customer-focused. For borrowers, financing equipment is a…
Thanks to our friends at Fit Small Business for this fantastic guest blog post. To learn more about Fit Small Business, visit www.fitsmallbusiness.com and follow @FitSmallBiz Unfortunately, startups don’t have a lot of financing options because a new business hasn’t built up a track record yet. One type of financing that startups are often eligible…
Borrower-focused lending supports the American Dream for all small business owners Funding the “American Dream” of building a business from the ground up is a struggle faced by millions of entrepreneurs. Financing equipment is a key piece of the puzzle for many, but only 3.7 million of the 36 million businesses in the U.S. that…