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| U.S. Bank Lending Below Depression-Era Level | |
"U.S. bank loans are at such record lows that they have done little to contribute to the nation's economic recovery, " the head of financial institutions ratings at Standard & Poor's said Wednesday in New York at an S&P Capital IQ cross-asset conference.
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Upcoming Events
GFRS will be attending the following events:
Channel Partners
March 26-29, 2012
Las Vegas, NV
Symposium
Advanced Wound Care
April 19-22, 2012
April 19-22, 2012
Chicago, IL
June 21-23, 2012
Phoenix, AZ
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Greetings!
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J.D. Jenks, CEO
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Vendor Programs Offer Financial Solutions
Anyone can do A credits, that's easy.
When it comes to vendor programs, you may use a primary lessor with whom you've worked with quite a bit in the past. Or your company may have a preferred financing partner available to customers interested in an equipment lease or finance option. However, what happens when your primary or preferred financing partner can't get a deal done? What happens when the group you normally go to doesn't want to touch the deal? What happens when your #1 quarterback goes down? Simple! You put in your #2! If you don't have a reliable, steady back-up, you risk losing sales. At Global Financial, we provide financial solutions that create sales. It's great to have a Number 1, but without a tested Number 2, you're losing sales and profits!
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The Doctor Will See You Now
When you visit a doctor's office for an appointment, you can expect to wait in the "waiting room" no matter when you are scheduled. As Jerry Seinfeld so aptly pointed out, "It's called the waiting room for a reason. You wait!" One can expect delays, and patience is a must. Apparently, the same holds true when doing business together!
We began working with a "single practice surgeon" in November 2011. There were three major pieces of medical equipment he had on his wishlist. He not only kept changing equipment priority he also decided in the 13th hour to change several of the vendors. We received the call in February that the physician was ready to move forward on the $1M deal. We have approved the entire deal and funded two of the three pieces of equipment. So just like any doctor's visit, we have moved from the waiting area to the smaller room - and any moment now the final piece of equipment is about to come through that door!
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Judi Jenks Joins Roundtable Discussion with Congressman Schweikert
Last month, Judi Jenks, EVP Sales, was invited along with nine other small business owners, to attend a discussion group with Congressman David Schweikert (AZ-R). Topics discussed centered around how federal policies are affecting small businesses: The Obama Healthcare bill is and will continue to be a diaster to businesses; regulations surrounding real estate appraisals are forcing many companies out of business; and majority of owners stated the capital pipeline is non-existent. Congressman Schweikert listened to our concerns and agreed that government is so large it takes close to an act of God to make changes!
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One Size Does Not Fit All!
 Remember, when it comes to financing, one size does not fit all. We are a
"credit risk" based lessor that is interested in working with A level credits $25,000 on up, and pride ourselves on finding creative financial solutions for small to midsize businesses that meet, or don't meet, the normal banking criteria. Let us know how we can assist you.
We appreciate your business!
Sincerely, J.D. Jenks
Global Financial & Remarketing Services, LLC
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