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Financing Solutions For Smarter Building Upgrades

Financing Solutions For Smarter Building Upgrades 1000 667 Summit Funding Group

Financing Solutions For Smarter Building Upgrades

Published in Facility Executive

Seasoned property owners and facility managers across sectors and building types are continuously working towards the goal of optimizing their building’s safety, efficiency, environmental footprint, and occupant experience. In addition to routine maintenance, their strategies increasingly include upgrading and replacing building systems, fixtures, and other components with more high-tech, economical, and eco-friendly alternatives.

Forklifts and fine print

Forklifts and fine print 1024 683 Summit Funding Group

Forklifts and fine print

Published in Modern Materials Handling


By Josh Bond, Senior Editor
Technology and telemetry are driving more precise fleet acquisition practices.

If they haven’t already, it’s time for small and medium-sized businesses to take a hard look at how they acquire forklift fleets. Finance partners have responded to customer demands for more nuanced and cost-effective options.

“It’s important to always try to be as educated as you can because there are certainly some ‘gotchas’ in leasing that have rubbed people the wrong way,” says Chris Lewis, senior manager for Summit Funding Group. “Larger companies know all those details before they sign on the dotted line, so it’s more critical to middle market operators out there.”

New Vs. Used Equipment: Financing Strategies for Today’s Industrial Firms

New Vs. Used Equipment: Financing Strategies for Today’s Industrial Firms 1024 683 Summit Funding Group

New Vs. Used Equipment: Financing Strategies for Today’s Industrial  Firms

Published in Industrial Machinery Digest

Today’s industrial firms are ripe with opportunity.

While benefiting from a continued strong economy, driven by ongoing GDP growth and record-low unemployment, today’s manufacturing and industrial firms are faced with a unique challenge: how to keep up with growth while remaining financially solvent.

Business growth can be a double-edged sword in this industry. While new contracts and services bring in more revenue and support expansions, these opportunities also typically require additional equipment investment, which can be a costly endeavor.

When assessing equipment needs and making investment decisions, it’s important for owners, CFOs, and managers to be aware of the very latest in financing strategies that can support their company’s equipment acquisitions without placing undue pressure on the bottom line.

Rethinking Fleet Financing to Improve Bottom Line Results

Rethinking Fleet Financing to Improve Bottom Line Results 300 188 Summit Funding Group

Rethinking Fleet Financing to Improve Bottom Line Results


The construction sector is stabilizing following a period of rapid growth, with drivers of commercial construction remaining strong amid a thriving economy. While fundamentals are healthy, experienced contractors understand that whether a long phase of stability or a downturn is on horizon, it’s important to adjust their fleet management and business operations strategies accordingly.

Keep Fleets Fresh and Nimble Through Smart Diversification and Leasing

As economic expansion slows and the construction industry moderates, contractors are faced with uncertainty regarding whether the country is heading toward a downturn in the next few years or an extended period of slow growth. The good news is that many construction business owners and managers have begun to reevaluate fleet financing and diversification strategies to consider how they can be best positioned for either outcome.

How smart equipment financing helps packaging operations compete

How smart equipment financing helps packaging operations compete 300 200 Summit Funding Group

When it comes to manufacturing packaging for their products, businesses are keenly aware of the importance of using equipment that is up-to-date and in perfect working order. The high precision required to produce efficiently, quickly and with no errors is critical to their overall business plans.

Striking the right balance between investing in the best equipment available—especially in light of increasing technological advances—and maintaining cashflow can sometimes present a challenge.

Securing laundry equipment financing

Securing laundry equipment financing 1024 683 Summit Funding Group

Securing laundry equipment financing

Currently, banking regulations and rising interest rates are two key factors influencing the ability of laundry operators to secure equipment financing and competitive terms, says Chris Lewis, a senior regional manager at Summit Funding Group, an Ohio-based company that provides equipment lease and finance solutions to businesses across the United States and Canada.

“Over the last number of years, banks and other depositary institutions have tightened restrictions and become increasingly stringent when evaluating corporate credit profiles with heightened criteria that businesses must meet in order to qualify for loans and leases,” he says.

Cost-Effective Fleet Financing: Strategies for Bus, Motorcoach Companies

Cost-Effective Fleet Financing: Strategies for Bus, Motorcoach Companies 300 200 Summit Funding Group

Cost-Effective Fleet Financing: Strategies for Bus, Motorcoach Companies


The bus and motorcoach industry is thriving. This success has been driven largely by a strong global economy and the growth of travel and tourism as a whole, with travel bookings hitting $1.7 trillion last year.

The sector is also constantly changing in several ways — which presents owners and operators of private sector specialty, tour, and charter companies with a variety of factors to consider when it comes to growing, upgrading, and maintaining their fleets.

Financing Strategies for Today’s Technology-Driven “Smart” Kitchens

Financing Strategies for Today’s Technology-Driven “Smart” Kitchens 2247 1500 Summit Funding Group

Financing Strategies for Today’s Technology-Driven “Smart” Kitchens

Like most industries, new technologies are rapidly transforming the restaurant business. Within the past few years, major upgrades to commercial kitchen equipment and software have been released, completely altering how some restaurants operate.

Summit Funding Group Marks 25 Years of Success

Summit Funding Group Marks 25 Years of Success 300 214 Summit Funding Group

Summit Funding Group is expanding its team and services as the firm celebrates a milestone 25 years in business.

President and CEO Richard L. Ross spoke recently at an event the company held at the Cincinnati Music Hall to commemorate its 25th year.

“We recognize that the key to Summit Funding Group’s continued to success has been our exceptional team, and our deep commitment to Clients and business partners on a human level,” Ross said. “We approach all our business relationships and transactions with integrity, which has strengthened our reputation as a reliable, ethical company.”

Founded as a general equipment lessor, Summit Funding Group serves a variety of business industries and sectors, staying on the pulse of industry trends and advancements in technology to finetune its expertise and best serve its Clients.

Summit Funding Group Commemorates 25 Years of Entrepreneurial Success

Summit Funding Group Commemorates 25 Years of Entrepreneurial Success 300 200 Summit Funding Group

Summit Funding Group Commemorates 25 Years of Entrepreneurial Success

MASON, Ohio (March 26, 2018) – Summit Funding Group, one of the largest independent equipment lessors in the U.S., is actively expanding its team and services as the firm celebrates a milestone 25 years in business.

Summit’s President and CEO, Richard L. Ross, spoke recently at an event the company hosted at the Cincinnati Music Hall to commemorate its 25th year.

“We recognize that the key to Summit Funding Group’s continued to success has been our exceptional team, and our deep commitment to Clients and business partners on a human level,” said Ross. “We approach all our business relationships and transactions with integrity, which has strengthened our reputation as a reliable, ethical company.”

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