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

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

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

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 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

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.”

Summit Funding Reaches 25 Years in Business, Plans Team Expansion

Summit Funding Group has reached its 25-year anniversary this year and is planning on actively expanding its team and services.

“We recognize that the key to Summit Funding Group’s continued … 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.”

Keep Fleets Fresh and Nimble Without Breaking the Bank

Published in Construction Executive

Because commercial construction firms in general are experiencing a much more consistent and strong flow of projects than eight or nine years ago, many contractors are approaching equipment fleet acquisitions with an elevated level of confidence that the assets will be continuously utilized at a high rate.

That being said, a smart, precise and forward-thinking fleet financing strategy is critical to maximizing profits and staying competitive, even when business is booming.

Using the following steps as a guide, contractors can maintain the up-to-date equipment fleets they need to take on jobs while remaining nimble enough to adapt to fluctuations in project flow.

Financing Strategies Deliver Cost Savings and Peak Flexibility to Growing Utility Construction Firms

The U.S. utilities industry is experiencing record-breaking growth, driven largely by the ongoing need for infrastructure upgrades and restoration, as well as significant, government-mandated projects such as grid modernization and extensive pipeline overhauls.

In fact, the utilities industry saw a record-breaking approximately $117 billion in spending by the largest investor-owned utilities in the U.S. last year. This has translated directly into a larger volume of projects and growth for utility contractors. While this industry has continuously faced uncertainty due to shifting energy sources and heavy regulation due to environmental impact, it is clearly not slowing down.