Hennessey Capital Southeast is
pleased to announce the launch of its sister company, Hennessey Capital
Leasing, LLC. Hennessey Capital Leasing is a wholly owned subsidiary
of Hennessey Enterprises, Inc., and will begin equipment-leasing
operations in January.
The newly formed company has the
ability and funding network to provide leases for all types of equipment
to most companies, including start-ups and those with credit challenges.
Almost one third of commercial
equipment acquisitions are completed by leasing, as many business owners
realize the gain of such assets is derived from use rather than
ownership. Leasing is an ideal tool for most businesses, with benefits
including tax incentives, balance sheet strengthening, the ability to
hedge against obsolescence, and the ability to acquire new equipment
without the cash needed for traditional financing.
Clients, referral partners and
others interested in leasing equipment will be able to easily navigate the
lease agreement. Hennessey Capital Leasing's simple process
frequently
requires only a signed application, which will soon be available at
www.hennesseyleasing.com.
Like Hennessey Capital
Southeast, Hennessey Capital Leasing will provide the same
relationship approach to helping clients with their business needs.
Hennessey
Capital Partners With Real Estate Lender to Provide Refinancing for Engineering Company
Hennessey Capital joined
forces with a real estate lender to refinance the bank indebtedness of a
foreign-owned engineering company with annual sales of $6 million. The
refinancing generated additional working capital and saved the company
$20,000 per month in debt service. This new line of credit and real
estate loan has greatly improved the company’s cash flow, which will
help finance future growth.
See More Done Deals>>
Using
Critical Numbers to Help Track Finances, Manage Strategic Plan -
Clayton &
McKervey
P.C.
Regardless of size, your
company will benefit if you identify a few key measures you can review
daily, weekly, or monthly to check the progress of the company or step
in when they are out of whack. The numbers don’t have to be financial,
but they should be closely related to the success of the enterprise.
The steps to using critical
numbers are:
1. Establish your business
goals.
2. Identify the numbers that
make a difference.
3. Display them in a way they
can be reviewed easily.
4. Set up a schedule to
monitor them.
5. Act on what you
see.
6. Involve the whole
organization in the process.
Read more about what to look
for and how to use critical numbers in
this article by Tim Hilligoss of
Clayton & McKervey, P.C.
Advisory
Boards for Entrepreneurs: Leveraging Seasoned Professionals to Move Your
Business to the Next Level - The Alternative
Board
The pressures on every owner
of a small business come from all sides. Often the best place for good
advice or sounding out ideas is a peer group of other business owners
who function as an informal advisory board.
The Alternative Board (TAB®) is an international
membership organization that sets up and runs peer advisory boards for
thousands of CEOs, presidents, business owners and partners dedicated to
improving their businesses.
They have a well-established
process of meetings and support that can help executives grow their
companies or troubleshoot issues.
Read more in
this article by Tom Gross of
The Alternative
Board.
The Cash Flow
Crunch - Inc.
Magazine
Automotive
companies are not alone in stretching payments well past 30 days. How
can entrepreneurs cope during the long waits for receivables? Read more
in this Inc. Magazine article
at www.inc.com.
Calendar of
Events
Visit Hennessey Capital Southeast at
these coming events…
February
-
Equipment Management Conference
-
Saddlebrook Resort and Spa, Wesley Chapel
-
7:30 am
-
www.elaonline.com
