Category Archives: Innovative Lease Chatter

Success from Leasing – Gas Station / EVR Equipment Leasing

This past week Innovative Lease Services has helped a mom and pop gas station upgrade their current station’s gasoline system, also known as EVR Phase II. The conversion will help the station get picked up by a franchise gas company which will give the station a recognizable name and bring in more business. 

Background: The mom and pop station had a “B” Business Credit Score, and needed $100K for station conversion, shipping and setup. From the time of lease application submission to the deposit of $100K into business bank account, took a total of 4 days. 

The mom and pop gas station are patiently waiting for their enhanced vapor recovery equipment to arrive. 

Innovative Lease Services specializes in EVR Equipment Leasing. Call for more information, 800-438-1470

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Nominee and Finalist of the 2014 San Diego Business Journal CFO of the Year Event

Innovative Lease Services is honored to be selected as a Nominee and Finalist for this years, 2014 CFO of the Year by San Diego Business Journal.

As it’s 8th annual year, the program selects CFO’s and Financial Managers from all business sectors across San Diego City and County.

Nominated Businesses are honored and selected based on their fiscal leadership, diligent oversight, and the positive impact they have on their organization as a whole.

The award ceremony took place late March at the Paradise Point Resort and Spa in San Diego, California. Jan Jamison (President), Nora Nere (VP of Operations) and Neil Clark (VP of Sales) attended the event to accept the Finalist Award. The event was sponsored by California Bank and Trust, Cox Business, CBIZ/MHM and Intercare Insurance Solutions.

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A Taste of Success by Neil Clark

Written by Neil Clark, VP of Sales, Innovative Lease Services, Inc. – Issued in “Member Line” of Newsline by Nefa, January/ February 2014, Volume 6

Being a self- proclaimed “foodie” and lover of all drinks, I had always had thought opening a restaurant would be wonderful opportunity. In 2007, I recall Rachel, one of my best friend’s (and now business partner of 7 years) driving by this old restaurant building that was for sale in Nashville Tennessee. We looked at each other and said “Let’s do it”.

Being in your early thirties, taking on anything and everything seemed like such a great idea. We were both working full time jobs so why not just whip up a restaurant and add a side venture to the mix? My visions of restaurateur grandeur shifted as soon as we bought the building. Being that we had never been involved in the reconstruction of a home, rehabbing a kitchen, or even assembling a doll house from Toys-R-Us, we were certainly in for a real education. We were under quoted on the construction costs of the building. We were given false hope on the timelines to rehab the building. We didn’t even think that the city has to stop by and to approve or disapprove of the rehab in stages. Needless to say, a project that was expected to take three months to complete turned into a frustrating thirteen months. It all seemed so easy on HGTV! Being so heavily involved in the construction aspect, we realized about 2 weeks prior to opening that we needed to hire an entire staff and get a menu together. Oops!

After all of the hiccups, we finally open in March of 2008, and then the economy took the worse turn I had seen in my lifetime. There we were, ready for business, and our potential customers were losing their jobs and watching their retirement accounts disappear. Rachel and I immediately shifted from frustration to panic. I had never experienced that kind of panic before and felt helpless. Thank goodness, I was blessed with a business partner that shared the same thoughts on needing to come up with the solutions to overcome folding, as many of our business neighbors did during that time. We explored and took on all viable options that lead to a solution from re-organizing our debt, to revising our menu, dealing with suppliers that were calling for payment, to the tax office threatening to put chains on our doors.  Rachel and I were shaken to the core. Reflecting on it now, I found the earth shattering experience to be one that unknowingly (at the time) to be a character-builder. We learned how to operate in an economy that I only heard my grandparents compare to the “crash of 1929”.

The experience has helped us grow in ways that cannot be described. After now being open for over 5 years, the sense of relief has turned to gratitude for the experience. We’ve become more open-minded, business savvy, and left with the sense that if we can get through that experience, we can get through just about anything. Experiencing obstacles are to be expected in life, but how you choose to overcome them can make you a stronger person. Trying, and succeeding, is the most valuable lesson learned here.

Check Out Mad Donnas for yourself! 

 

 

 

 

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Introducing Inventory Finance

January 28, 2014 – A leading provider of small business financing has launched a new innovative financing solution. Catering specifically to retail businesses, manufacturers, dealers, and commercial suppliers Innovative Lease Services, Inc. (ILS), now offers Inventory Finance.

The ILS Inventory Finance product is the solution for the 80% of businesses who are under-served by traditional banks;

▪ Businesses that need to maintain high levels of inventory

▪ Companies with a high inventory turnover

▪ Retailers or Distributors with seasonal cash flow fluctuations

▪ Manufacturers wishing to take advantage of raw-material volume discounts

▪ All Companies seeking to expand product lines and offerings What separates the ILS Inventory Finance program from other programs available in the market is the convenient and flexible payment arrangements. ILS offers the option of having the funds transferred directly into the business’ bank account, or we can pay the business’ inventory supplier directly. Best of all, the repayment terms match the business’ sales cycle, thus repayment occurs as revenues are received.

“By providing Inventory loans to small retailers, manufacturers, and distributors, we are filling a much needed void left by the banks. The majority of businesses who are under-served by traditional bank lending now have a resource to help grow their businesses. Most importantly, we can deliver funds up to $250,000 within 3 business days of application. We are the only provider in the market that we know of who can support small businesses in this manner.” – Andrew Nere, CEO of ILS.

For more Inventory Finance information visit the ILS Website or contact Innovative Lease Services, Inc. Marketing Coordinator, Angela Caraglio, by email angela@ilslease.com or phone 800.438.1470.

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The ILS Website has Undergone a Facelift

Innovative Lease Chatter

Innovative Lease Services, Inc. Launches New Website and Introduces of New and Unique Inventory Financing Program for Small Businesses

Carlsbad, California – January, 2014 – – Innovative Lease Services, Inc. (ILS), a leading provider of commercial equipment financing and working capital for businesses in the US and Canada, has announced the launch of their new and improved website. With a new streamlined responsive design, the ILS site offers easy access and readability on all mobile, tablets and desktop devices.

Additionally, the site introduces a brand new product targeted specifically for those businesses with inventory financing needs; retail business, dealers, distributors, suppliers and manufacturers. The new and novel ILS Inventory Finance program provides financing for inventory through all sales cycles and seasonal demands.

Andrew Nere, CEO of ILS adds, “With the addition of the new Inventory Financing program, ILS provides a much needed financing tool for American and Canadian Small Business owners. By providing Inventory loans to small retailers, manufacturers, and distributors we are filling a much needed void left by the banks. The 80% of businesses who are under served by traditional bank lending now have a resource to help grow their businesses.”

The new site serves to act as resource for small business owners, helping them navigate the varied financing products available in the market. Each of the ILS programs are explained in detail along with their respective benefits. The quick application process ensures the customer’s ability to apply for the program they need in real time.

For more information please contact Innovative Lease Services, Inc. Marketing Coordinator, Angela Caraglio by email angela@ilslease.com or call 800.438.1470.

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Innovative Lease Services Team Members New Certified Leasing Professional Certifications

Innovative Lease Chatter

Innovative Lease Services, Inc. (ILS) is ecstatic to share three more of their financial professionals have earned their CLP, Certified Leasing Professional certification. Innovative Lease Services, Inc. ranks amongst the “Top 9 Companies with Employees Who are CLP’s,” based upon having four or more CLP’s.

Innovative Lease Services, Inc. Certified Professionals:

  • Tamara McCourt, ILS’s Director of Credit, CPL certified 2004
  • Andrew Nere, ILS’s CEO, CPL certified August 2013
  • Neil Clark, ILS’s VP Sales, CPL certified August 2013
  • Kristan Parker, ILS’s Senior Account Manager, CPL certified August 2013

Andrew Nere, Neil Clark and Kristan Parker studied at the ILP, Institute for Leasing Professionals in Irvine, California prior to the certification exam.

The CLP, Certified Leasing Professional designation is the highest standard in the commercial equipment leasing and finance industry’s in the world. CLP’s are acknowledged as having an exceptional reputation, experience and mastery of the “CLP Body of Knowledge.”

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