Equipment Leasing and Financing Since 1984
In This Issue
A Note From Our Founder
Welcome again to Pacifica Currents! On July 9th, Pacifica Capital celebrated our 20th year offering budget and cash flow solutions for equipment acquisition. We thank everyone who has contributed to our longevity and success over these two decades of growth and change. It has truly been, and continues to be, a remarkable journey for the extended Pacifica family.
Year-to-date Pacifica Capital
is enjoying an excellent year helping customers and vendors achieve
financing solutions. The economy continues to re-emerge and our customers,
vendors and funders tell us their respective businesses are in a steady
growth-mode once again.
I invite you to take a moment to peruse Pacifica Currents. Of special
interest are some folks who have recently joined our team, a feature on a
luminary client and a reminder about Section 179 Bonus Depreciation
available to businesses that acquire equipment prior to December 31, 2004.
On behalf of everyone at Pacifica Capital, I wish you continued success,
good health and happiness.
Quick Links
Largest U.S. Tax Incentives Ever
Businesses and professionals still have time, but must act soon, to take advantage of the Section 179 "Bonus Depreciation" plan that congress enacted to stimulate business investment in capital equipment. The accelerated tax depreciation program expires on December 31st of this year, but any equipment purchased or leased prior to that date will qualify. Many businesses that acquire equipment before December 31st 2004 will be eligible to accelerate depreciation on equipment, systems or technology up to $100,000 of equipment cost. For many small businesses or professionals, this means that the tax write-off available in 2004 could fully cover the first year's payments under a lease or financing agreement. For more information and our special Section 179 Bonus Depreciation brochure, contact Pacifica Capital. As always, we recommend you check with your accountant for advice on how Section 179 applies to your business and your particular situation.
American Express Pros Join Pacifica Capital
When American Express Business Finance recently consolidated its Santa Ana, California Vendor Operations Department, experienced staff members Frances Cohen and Donn Kretschmer were offered opportunities to relocate to New Jersey and Houston. After much deliberation, both Frances and Donn decided instead to remain in the Southern California area. Pacifica Capital is delighted to announce that both Frances and Donn have chosen to join the Pacifica Capital team.
Frances Cohen has a storied career in the leasing industry, having served with Perry Morris Corporation in the 1980's, moved to Rockford Industries in its early founding and transitioned with Rockford when American Express Business Services acquired it. In her new role at Pacifica Capital,
Frances will manage and coordinate transaction flow and act as liaison between sales and documentation/funding.
Frances and her husband live in Laguna Hills.
Donn Kretschmer started his career in leasing sales and after four years joined American Express in transaction management and support. He was an original member of Amex's Office Imaging Team. Upon the recent changes at Amex, Donn has returned to a sales role as National Accounts Manager at Pacifica Capital. Donn, his wife and two children live in Anaheim Hills.
Pacifica Capital Facilitates $1,500,000 Financing
For Animation Film Studio
Pacifica Capital completed a $1,500,000 funding facility for a large and well-established animation film studio located in
Southern California. Pacifica provided an initial financing for "state of the art" animation computers and servers. Working with the principal and controller of the studio, Pacifica acted as funding conduit and financing coordinator for the specialized technology selected for the studio's award-winning film projects. The studio's operations consist of a full range of project development from idea creation, to film production and postproduction. The facility includes one of the largest "motion capture" film studios in the western U.S. For the motion capture facility Pacifica Capital financed Vicon motion capture cameras and systems. The studio's luminary projects have included films such as "Bruce Almighty", "Jimmy Neutron (Boy Genius)", "The Nutty Professor", "Patch Adams", and the "Thumbmation Technology" series including "Thumb Wars", "Santa And The Snowman" and "The BarnYard".
"The financing provided by Pacifica Capital allowed the film studio and animation facility to greatly expand and upgrade to the latest technology available", said Russ Munson, Executive Vice President at Pacifica Capital. "At the same time we were able to provide an assist to two very large and significant vendors who market leading edge technology to the video production, animation and film production industries. Because of Pacifica Capital's ability to provide a competitive budget and cash flow solution we were able to help all parties achieve their specific objectives."
The animation film studio financed by Pacifica Capital began corporate life after its founder and creative director migrated from writing for such successful television "sitcoms" as "In Living Colors" to writing, directing and producing films for the "big screen". The studio's facilities in Orange
County, California now employ many artists and creative professionals and serve as a platform for the development of new projects, many of which are seen on the "big" and/or "small" screen.
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