Equipment Leasing and Financing Since 1984
In This Issue
A Message From Our Founder
It's
Time to Thrive in 2005!
We're well into 2005 - and economic signs are pointing toward increased
business prosperity this year. Five indicators are evident. I will address
each briefly…
· The economy is growing. Companies are increasing payrolls and expanding
their operations. CEO's anticipate an increase in capital spending over the
next several months.
· Interest rates are rising after being at the lowest levels in almost 50
years. Given that equipment leasing is the traditional fixed-rate financing
alternative, our industry has always enjoyed robust growth during periods of
increasing interest rates.
· Capital spending is increasing. Banks, businesses and investors are flush
with cash. The benefits of fixed rate, fixed term, 100% financing is
attractive and convenient for small business owners.
· Risk management in our leasing industry has improved dramatically in the
last couple of years. Banks are now credit scoring in the small ticket
arena. This leads to efficiency gains and bodes well for the future. The investment community is now showing increased
confidence - and they have a better understanding of our industry.
· Companies are stronger. The balance sheets for small businesses and
individual owners are healthier.
Cash flow ratios have improved with lower payments. During times of economic uncertainty, business owners have been debt adverse.
They're now ready to buy…
The bottom line is this… now is the time… why wait?
Bette Kerhoulas
Recent Transactions
These are examples of recent transactions. Pacifica Capital offers financing for virtually any type of equipment, system or technology.
| Amount | Equipment |
| $2,230,000.00 | Computer |
| $1,640,000.00 | Industrial / Manufacturing |
| $1,470,000.00 | Restaurant |
| $1,410,000.00 | Gaming Equipment |
| $870,000.00 | Sewing/Garment |
| $740,000.00 | Modular Building |
| $463,000.00 | Beauty Imaging |
| $423,000.00 | Machines Tools/Woodworking |
| $339,000.00 | Software |
Welcome to Our Team!
Alison Jewett, Pacifica's newest team member, joins us after a brief hiatus
from the leasing industry to be at home with her two year old daughter,
Sydney.
With six years of credit experience, specializing in small ticket
transactions, Alison brings a fresh outlook to our credit department. Having
worked with a wide range of funding sources, Alison comes to Pacifica with a new perspective
to reviewing financing requests and enjoys the challenge of finding the
perfect solution for any credit need.
A California native, Alison spends her spare time at home in Costa Mesa with
Sydney, playing at the beach and being a mom.
PC Facilitates $360K to Large Mortgage Company
Pacifica Capital recently completed a $360k credit facility for a direct
lender in the mortgage banking industry, located in Costa Mesa, California
and maintains a staff of over 650 employees. This credit facility was used
to finance new office equipment including furniture, computers and telephone
equipment for an expansion into another building located at their corporate
location.
Anthony Sherwin of Pacifica Capital was first introduced to the lessee in
1993. "I remember when this company was founded and at that time they
started with roughly 10 employees" said Tony. "It's been amazing
watching the success of this company and the substantial growth sustained
since 1993". Pacifica Capital has had a relationship with this customer
since 1996 and has funded several equipment leases for them over the last 9
years.
Pacifica Capital has been very successful providing funding for mortgage
banking customers, traditionally looked upon as a very cautious industry by
many banks and lending institutions across the country. Most of the leases
completed for this particular lessee over the past 4 years have also been
secured without any personal guaranties by the primary shareholders of the
company. Again, this is somewhat unusual for this industry.
The company has been a long-time and very loyal customer of Pacifica
Capital. Pacifica has always maintained unique relationships with customers
founded upon trust, honesty and results. Anthony Sherwin has been with
Pacifica Capital for over 17 years and is currently a partner in the
organization. Tony estimates that approximately 75% of his transactions are
repeat customers that have completed prior leases with Pacifica Capital.
This is a testimonial of the quality of service he brings to the table and
the outstanding resources and support available to him at Pacifica Capital.
For more information on the services and unique financing options that
Pacifica Capital provides,
please contact them at 800-800-8081.
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