Re: [WISPA] Leasing Companies
Charles, yeah, thats the problem In these loans, the product being bought is a large part of the colladeral securing the loan. Banks dont have a problem using land, and Physical infrastrucure like buildings or towers purchased as colladeral. I'm guessing they are not likely to approve a transaction that was primarilly wireless gear, because the pruchased product would not be looked at as safe colladeral. (unless borrower was heavilly coladeralized). If the loan was granted, then the borrower would have a high dollar liabilty on their personal report, possibly making it harder to obtain future fnancing for things like operating capitol. I'm finding there are tons of programs for everything except what we actually need. AKA a small loan for wireless gear, without overly burdening the borrower with large debt, that can be expanded on every 3-5 months or so as borrower learns what they need that specific time period. I hate having to forcast what gear I might need one year in advance, half of it could end up just sitting on the shelf, or making it harder to save the cash for the product you end up needing.. Unfortuntately, basic Fixed Rate Line of Credits are the hardest type of financing to get. :-( However, for your intended use, as you explained it, what a wonderful program! I can see how it could benefit many Rural WISPs, if they took advantage of it.. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Charles Wu c...@cticonnect.com To: WISPA General List wireless@wispa.org Sent: Saturday, June 05, 2010 8:04 PM Subject: Re: [WISPA] Leasing Companies I'm using this money to buy hard assets -- e.g., land/tower/infrastructure - there are some radios / routers / backhauls in it, but that's probably less than 20% of the total amount These also ARE NOT working capital loans, and I doubt it would cover a spectrum lease The way it works is your bank puts in 50%, the CDC (via the SBA) puts in 40%, and you put in 10% The bank takes the first lien and the SBA takes a subordinate position Say you take a loan for $100k You'll put down $10k, the bank puts up $50k and the SBA puts up the remaining $40k In the event of default, the bank liquidates your assets...as long as the assets can be liquidated for at least $50k, the bank is whole We're using this money mostly for towers to reduce operating expenses (e.g., where I might pay $1,000 / month for tower rent, I now go spend $80k to go buy something...my monthly payment on that over a 10 year amortization comes out to about $750 / month, so I'm actually $250 / month ahead and now I can put whatever I want on it =) Then, sometimes you strike gold and get an unexpected call from US Cellular who's willing to pay $1-2k / month to put their stuff on your tower =) -Charles -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi Sent: Saturday, June 05, 2010 4:40 PM To: WISPA General List Subject: Re: [WISPA] Leasing Companies Charles, Thanks for the Info/Link. In 2009, SBA had a great program based on a ARRA program, for a basic small business loan for any purpose. They were increasing the SBA guarantee to 90% of loan value (instead of I think it used to be 80% or less). That made it way easy to obtain a bank loan, with only 10% down, because it was 100% risk-free for the bank. But lke any government program lots of paperwork was required. Unforunteately, I did not learn about it until last few weeks of December 2009, and I was not able to compelte all teh requirements in time to submit an application. In 2010, that program expired. :-( The CDC program link you attached, inferred it could be 100% guaranteed by SBA. Wow. But trying to find the catch, of what would disqualify someone? For example. The CDC/504 loan program is a long-term financing tool for economic development within a community. So what qualifies as Economic development? Does this mean that a plan need to be pre defined for loan proceeds to apply to equipment to be used only in the one specific Area/Community, that meets an specific economic profile? For example, If I cover 10 cities, that are of average national economic middle class or higher, and just need money to expand where ever orders may come in, would that be disqualified from this type loan program? The 504 Program provides small businesses requiring brick and mortar financing with long-term, fixed-rate financing to acquire major fixed assets for expansion So it would cover Radios, but not Spectrum leases? A Certified Development Company (CDC) is a private, nonprofit corporation set up to contribute to the economic development of its community. CDCs work with SBA and private sector lenders to provide financing to small businesses The maximum SBA debenture is $2.0 million when
Re: [WISPA] Leasing Companies
It is often tough for a local bank to make a loan for towers, at least one that values it correctly. Bankers for the most part do not understand the industry. Now, if someone has a contract where a cell company is leasing space, that can be converted to cash quickly. (Like JG Wentworth says, Its your money, and you want it now!) Leases can be sold on terms to work with your operation. Don't take your organs to heaven, heaven knows we need them down here! Be an organ donor, sign your donor card today. - Original Message - From: Tom DeReggi wirelessn...@rapiddsl.net To: WISPA General List wireless@wispa.org Sent: Sunday, June 06, 2010 10:12 AM Subject: Re: [WISPA] Leasing Companies Charles, yeah, thats the problem In these loans, the product being bought is a large part of the colladeral securing the loan. Banks dont have a problem using land, and Physical infrastrucure like buildings or towers purchased as colladeral. I'm guessing they are not likely to approve a transaction that was primarilly wireless gear, because the pruchased product would not be looked at as safe colladeral. (unless borrower was heavilly coladeralized). If the loan was granted, then the borrower would have a high dollar liabilty on their personal report, possibly making it harder to obtain future fnancing for things like operating capitol. I'm finding there are tons of programs for everything except what we actually need. AKA a small loan for wireless gear, without overly burdening the borrower with large debt, that can be expanded on every 3-5 months or so as borrower learns what they need that specific time period. I hate having to forcast what gear I might need one year in advance, half of it could end up just sitting on the shelf, or making it harder to save the cash for the product you end up needing.. Unfortuntately, basic Fixed Rate Line of Credits are the hardest type of financing to get. :-( However, for your intended use, as you explained it, what a wonderful program! I can see how it could benefit many Rural WISPs, if they took advantage of it.. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Charles Wu c...@cticonnect.com To: WISPA General List wireless@wispa.org Sent: Saturday, June 05, 2010 8:04 PM Subject: Re: [WISPA] Leasing Companies I'm using this money to buy hard assets -- e.g., land/tower/infrastructure - there are some radios / routers / backhauls in it, but that's probably less than 20% of the total amount These also ARE NOT working capital loans, and I doubt it would cover a spectrum lease The way it works is your bank puts in 50%, the CDC (via the SBA) puts in 40%, and you put in 10% The bank takes the first lien and the SBA takes a subordinate position Say you take a loan for $100k You'll put down $10k, the bank puts up $50k and the SBA puts up the remaining $40k In the event of default, the bank liquidates your assets...as long as the assets can be liquidated for at least $50k, the bank is whole We're using this money mostly for towers to reduce operating expenses (e.g., where I might pay $1,000 / month for tower rent, I now go spend $80k to go buy something...my monthly payment on that over a 10 year amortization comes out to about $750 / month, so I'm actually $250 / month ahead and now I can put whatever I want on it =) Then, sometimes you strike gold and get an unexpected call from US Cellular who's willing to pay $1-2k / month to put their stuff on your tower =) -Charles -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi Sent: Saturday, June 05, 2010 4:40 PM To: WISPA General List Subject: Re: [WISPA] Leasing Companies Charles, Thanks for the Info/Link. In 2009, SBA had a great program based on a ARRA program, for a basic small business loan for any purpose. They were increasing the SBA guarantee to 90% of loan value (instead of I think it used to be 80% or less). That made it way easy to obtain a bank loan, with only 10% down, because it was 100% risk-free for the bank. But lke any government program lots of paperwork was required. Unforunteately, I did not learn about it until last few weeks of December 2009, and I was not able to compelte all teh requirements in time to submit an application. In 2010, that program expired. :-( The CDC program link you attached, inferred it could be 100% guaranteed by SBA. Wow. But trying to find the catch, of what would disqualify someone? For example. The CDC/504 loan program is a long-term financing tool for economic development within a community. So what qualifies as Economic development? Does this mean that a plan need to be pre defined for loan proceeds to apply to equipment to be used only in the one specific Area/Community, that meets an specific economic profile
Re: [WISPA] Leasing Companies
That all boils down to your relationship with your banker...the entire business of lending is built on relationships and trust If the first time you're talking to your banker is when you need a loan for $500k, chances are is that he's going to take the most conservative approach possible when evaluating your loan On the other hand, if you've kept a relationship with your banker for the past 5 years, and have discussed solutions with him over the years, let him in on decisions you've made with your business, let him see your business and the cash in your checking account grow over the years - and THEN you go ask him for the $500k loan, you'd be surprised at what you can get. I know of ISPs that have gotten large conventional loans ($100k+) for wireless gear only -Charles -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi Sent: Sunday, June 06, 2010 10:12 AM To: WISPA General List Subject: Re: [WISPA] Leasing Companies Charles, yeah, thats the problem In these loans, the product being bought is a large part of the colladeral securing the loan. Banks dont have a problem using land, and Physical infrastrucure like buildings or towers purchased as colladeral. I'm guessing they are not likely to approve a transaction that was primarilly wireless gear, because the pruchased product would not be looked at as safe colladeral. (unless borrower was heavilly coladeralized). If the loan was granted, then the borrower would have a high dollar liabilty on their personal report, possibly making it harder to obtain future fnancing for things like operating capitol. I'm finding there are tons of programs for everything except what we actually need. AKA a small loan for wireless gear, without overly burdening the borrower with large debt, that can be expanded on every 3-5 months or so as borrower learns what they need that specific time period. I hate having to forcast what gear I might need one year in advance, half of it could end up just sitting on the shelf, or making it harder to save the cash for the product you end up needing.. Unfortuntately, basic Fixed Rate Line of Credits are the hardest type of financing to get. :-( However, for your intended use, as you explained it, what a wonderful program! I can see how it could benefit many Rural WISPs, if they took advantage of it.. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Charles Wu c...@cticonnect.com To: WISPA General List wireless@wispa.org Sent: Saturday, June 05, 2010 8:04 PM Subject: Re: [WISPA] Leasing Companies I'm using this money to buy hard assets -- e.g., land/tower/infrastructure - there are some radios / routers / backhauls in it, but that's probably less than 20% of the total amount These also ARE NOT working capital loans, and I doubt it would cover a spectrum lease The way it works is your bank puts in 50%, the CDC (via the SBA) puts in 40%, and you put in 10% The bank takes the first lien and the SBA takes a subordinate position Say you take a loan for $100k You'll put down $10k, the bank puts up $50k and the SBA puts up the remaining $40k In the event of default, the bank liquidates your assets...as long as the assets can be liquidated for at least $50k, the bank is whole We're using this money mostly for towers to reduce operating expenses (e.g., where I might pay $1,000 / month for tower rent, I now go spend $80k to go buy something...my monthly payment on that over a 10 year amortization comes out to about $750 / month, so I'm actually $250 / month ahead and now I can put whatever I want on it =) Then, sometimes you strike gold and get an unexpected call from US Cellular who's willing to pay $1-2k / month to put their stuff on your tower =) -Charles -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi Sent: Saturday, June 05, 2010 4:40 PM To: WISPA General List Subject: Re: [WISPA] Leasing Companies Charles, Thanks for the Info/Link. In 2009, SBA had a great program based on a ARRA program, for a basic small business loan for any purpose. They were increasing the SBA guarantee to 90% of loan value (instead of I think it used to be 80% or less). That made it way easy to obtain a bank loan, with only 10% down, because it was 100% risk-free for the bank. But lke any government program lots of paperwork was required. Unforunteately, I did not learn about it until last few weeks of December 2009, and I was not able to compelte all teh requirements in time to submit an application. In 2010, that program expired. :-( The CDC program link you attached, inferred it could be 100% guaranteed by SBA. Wow. But trying to find the catch, of what would disqualify someone? For example. The CDC/504 loan program is a long-term
Re: [WISPA] Leasing Companies
the entire business of lending is built on relationships and trust If the first time you're talking to your banker is when you need a loan for $500k, chances are is that he's going to take the most conservative approach possible when evaluating your loan Sounds like good advise. And it kind of reinforces what I was trying to say about leases. When blindly going to apply for a lease, there is no relationship or trust, so they evaluate conservatively, via the cookie cutter mold.. They might even be planning on selling the lease on the secondary market, and its more about documentation. But if you go to your own local bank, they know you and your history. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Charles Wu c...@cticonnect.com To: WISPA General List wireless@wispa.org Sent: Sunday, June 06, 2010 2:13 PM Subject: Re: [WISPA] Leasing Companies That all boils down to your relationship with your banker...the entire business of lending is built on relationships and trust If the first time you're talking to your banker is when you need a loan for $500k, chances are is that he's going to take the most conservative approach possible when evaluating your loan On the other hand, if you've kept a relationship with your banker for the past 5 years, and have discussed solutions with him over the years, let him in on decisions you've made with your business, let him see your business and the cash in your checking account grow over the years - and THEN you go ask him for the $500k loan, you'd be surprised at what you can get. I know of ISPs that have gotten large conventional loans ($100k+) for wireless gear only -Charles -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi Sent: Sunday, June 06, 2010 10:12 AM To: WISPA General List Subject: Re: [WISPA] Leasing Companies Charles, yeah, thats the problem In these loans, the product being bought is a large part of the colladeral securing the loan. Banks dont have a problem using land, and Physical infrastrucure like buildings or towers purchased as colladeral. I'm guessing they are not likely to approve a transaction that was primarilly wireless gear, because the pruchased product would not be looked at as safe colladeral. (unless borrower was heavilly coladeralized). If the loan was granted, then the borrower would have a high dollar liabilty on their personal report, possibly making it harder to obtain future fnancing for things like operating capitol. I'm finding there are tons of programs for everything except what we actually need. AKA a small loan for wireless gear, without overly burdening the borrower with large debt, that can be expanded on every 3-5 months or so as borrower learns what they need that specific time period. I hate having to forcast what gear I might need one year in advance, half of it could end up just sitting on the shelf, or making it harder to save the cash for the product you end up needing.. Unfortuntately, basic Fixed Rate Line of Credits are the hardest type of financing to get. :-( However, for your intended use, as you explained it, what a wonderful program! I can see how it could benefit many Rural WISPs, if they took advantage of it.. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Charles Wu c...@cticonnect.com To: WISPA General List wireless@wispa.org Sent: Saturday, June 05, 2010 8:04 PM Subject: Re: [WISPA] Leasing Companies I'm using this money to buy hard assets -- e.g., land/tower/infrastructure - there are some radios / routers / backhauls in it, but that's probably less than 20% of the total amount These also ARE NOT working capital loans, and I doubt it would cover a spectrum lease The way it works is your bank puts in 50%, the CDC (via the SBA) puts in 40%, and you put in 10% The bank takes the first lien and the SBA takes a subordinate position Say you take a loan for $100k You'll put down $10k, the bank puts up $50k and the SBA puts up the remaining $40k In the event of default, the bank liquidates your assets...as long as the assets can be liquidated for at least $50k, the bank is whole We're using this money mostly for towers to reduce operating expenses (e.g., where I might pay $1,000 / month for tower rent, I now go spend $80k to go buy something...my monthly payment on that over a 10 year amortization comes out to about $750 / month, so I'm actually $250 / month ahead and now I can put whatever I want on it =) Then, sometimes you strike gold and get an unexpected call from US Cellular who's willing to pay $1-2k / month to put their stuff on your tower =) -Charles -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi
Re: [WISPA] Leasing Companies
I have had good experiences with Landmark Financial in Denver.Good folks. Matt Larsen vistabeam.com On 6/4/2010 11:52 PM, David wrote: Both CTI and Boun at doubleradius can help get you with honest leasing companies. David -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Kevin Sullivan Sent: Friday, June 04, 2010 6:11 PM To: WISPA General List Subject: Re: [WISPA] Leasing Companies I've applied to several leasing companies, mostly for licensed links. All of them gave me an appox. rate for a five year term of under 10% per year. Then, after they ran credit, they came back with a monthly payment but wouldn't tell me the rate. I calculated it to be over 25% annually in all of the cases. When I talked to them about it, they all said that they don't actually do rates, they just give a monthly amount, since that's easier for people to understand. In all of the cases, if we had signed up, we would have paid more than three times what the equipment cost by the time the lease was done. One of them even tried that old Rule of 78 method for calulating interest. I didn't even think that was still legal in the US! Two of them verbally told us the lease was for a $1 buyout, but then in the fine print it said we would have to pay, fair market value, whatever that means. If I ever find a honest leasing company, it'll make my business easier and more profitable. Until then, we'll continue to grow slowly. Cheers, Kevin WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Leasing Companies
If you have a good business plan your probably better off dealing with a local bank IMO. If you cant convince the bank your business plan is good then something might be wrong with your business plan. We do out of pocket now but several years ago after showing the bank our business plan they gave me whatever I wanted as long as I showed them my MRC. Joe Laura - Original Message - From: David ad...@speedyquick.net To: 'WISPA General List' wireless@wispa.org Sent: Saturday, June 05, 2010 12:52 AM Subject: Re: [WISPA] Leasing Companies Both CTI and Boun at doubleradius can help get you with honest leasing companies. David WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Leasing Companies
While leasing is a viable option, I would seriously take a look at the programs the SBA has to offer I'm in the process of finalizing an SBA 504 loan for $400k You need to put down 10%, but if that's not a problem, it's perfect for this space as it specifically deals with hard asset acquisition With the stimulus bill waiving the standard 2% SBA processing fee, it's a pretty good deal All in, I'm looking at 1% for closing costs and a 10 year note at 4.43% Details here: http://www.sba.gov/financialassistance/borrowers/guaranteed/CDC504lp/index.html -Charles -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Joe Laura Sent: Saturday, June 05, 2010 1:06 AM To: WISPA General List Subject: Re: [WISPA] Leasing Companies If you have a good business plan your probably better off dealing with a local bank IMO. If you cant convince the bank your business plan is good then something might be wrong with your business plan. We do out of pocket now but several years ago after showing the bank our business plan they gave me whatever I wanted as long as I showed them my MRC. Joe Laura - Original Message - From: David ad...@speedyquick.net To: 'WISPA General List' wireless@wispa.org Sent: Saturday, June 05, 2010 12:52 AM Subject: Re: [WISPA] Leasing Companies Both CTI and Boun at doubleradius can help get you with honest leasing companies. David WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Leasing Companies
Try a calculated interest of 35% to 45%. :-((No, I did not accept) What frustrates me is that most lease companies wont give a rate or payment before they pull a credit report, even if prospect sends them a copy of theirs that was pulled a week earlier. After they pull the credit report, you then have an enquiry against you, and you are stuck. If you turn it down and go to the next leasor, you start with 20 points lower on your Credit report because of the additional inquirey that last leasor made. Obviously, just 1 inquirey on a report wont make much of a difference, But if you already had one or two the last two years (maybe you applied for a circuit city or Target credit card, or a lease the year before), that 1 additional inquirey could infact lower your score 20 points. Its a racket. I just cant stand any lender that make a lending decission based primarilly on a credit score. That 1 inquirely makes absolutely no difference to the applicants credit worthiness. It is a racket. Its funny, one time, I had $50k cash in the bank, $10k on credit cards (with agreegate line up to $12k), and STILL got turned down by 2 leasing companies for a $10k lease app. I had a 650 score, and They replied my Score was to low. The reasons I had a 650 score was that I had more than 50% of my revolving credit used up. (It meant nothing that I paid off and recharded $5k a month on those cards for cash flow, it wasn;t really debt). So, since I had $50k in the bank, I paid the credit cards off. So I wait a month for it to show on my report, my score raises to around 700. Now I go back and apply again for the $10k lease at a third leasing company. I get a reply that I'm turned down again, but this time because I have to many inquiries on my Credit report. They say, try again in a years when the inquiries are gone. Go figure, cant win for loosen.Its much easier for an Employee who take a paycheck every month, to get a lease to buy a Cadilac, that is a luxury and expense, than it is for a small business owner to get a $10k lease, that if granted would generate 10x the revenue than the lease payment. I guess that leasing companies think its just to easy for a small business owner to take the money and run, if they want to. Its to hard to collect on, if the business owner is unscrupulous. Compared to a Employee where wages could be garneshed easilly, or a car repossesed. Self employed is simply looked at as a high risk profile to them. Leasing tends to work better for those that are either really wealthy, (who can easilly prove high networth via assets non-related to their business and high income), or have scaled their businesses large enough that they are no longer looked at as self employed, but instead as just one stockholder of a large successful business entity. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Kevin Sullivan kevin.sulli...@alyrica.net To: WISPA General List wireless@wispa.org Sent: Friday, June 04, 2010 8:11 PM Subject: Re: [WISPA] Leasing Companies I've applied to several leasing companies, mostly for licensed links. All of them gave me an appox. rate for a five year term of under 10% per year. Then, after they ran credit, they came back with a monthly payment but wouldn't tell me the rate. I calculated it to be over 25% annually in all of the cases. When I talked to them about it, they all said that they don't actually do rates, they just give a monthly amount, since that's easier for people to understand. In all of the cases, if we had signed up, we would have paid more than three times what the equipment cost by the time the lease was done. One of them even tried that old Rule of 78 method for calulating interest. I didn't even think that was still legal in the US! Two of them verbally told us the lease was for a $1 buyout, but then in the fine print it said we would have to pay, fair market value, whatever that means. If I ever find a honest leasing company, it'll make my business easier and more profitable. Until then, we'll continue to grow slowly. Cheers, Kevin - Original Message - From: Tom DeReggi wirelessn...@rapiddsl.net To: WISPA General List wireless@wispa.org Sent: Friday, June 04, 2010 11:08 AM Subject: Re: [WISPA] Leasing Companies I would recommend Peer to Peer lending options. (Google peer to peer lending). They will end up being personal loans, and likely lower credit lines, but there is a much higher chance of walking away with a loan, at a reasonable rate. If you meet the financial profile for leasing, Lease Corp of America has some of the lowest rates. They do a lot of the Moto 1yr type leases. With LCA it wont be an issue that you are leasing wireless gear, because they do that all the time. A couple tips on leasing If you do less than 5 mil a year in revenue, or have less than 10 employee, chances
Re: [WISPA] Leasing Companies
Charles, Thanks for the Info/Link. In 2009, SBA had a great program based on a ARRA program, for a basic small business loan for any purpose. They were increasing the SBA guarantee to 90% of loan value (instead of I think it used to be 80% or less). That made it way easy to obtain a bank loan, with only 10% down, because it was 100% risk-free for the bank. But lke any government program lots of paperwork was required. Unforunteately, I did not learn about it until last few weeks of December 2009, and I was not able to compelte all teh requirements in time to submit an application. In 2010, that program expired. :-( The CDC program link you attached, inferred it could be 100% guaranteed by SBA. Wow. But trying to find the catch, of what would disqualify someone? For example. The CDC/504 loan program is a long-term financing tool for economic development within a community. So what qualifies as Economic development? Does this mean that a plan need to be pre defined for loan proceeds to apply to equipment to be used only in the one specific Area/Community, that meets an specific economic profile? For example, If I cover 10 cities, that are of average national economic middle class or higher, and just need money to expand where ever orders may come in, would that be disqualified from this type loan program? The 504 Program provides small businesses requiring brick and mortar financing with long-term, fixed-rate financing to acquire major fixed assets for expansion So it would cover Radios, but not Spectrum leases? A Certified Development Company (CDC) is a private, nonprofit corporation set up to contribute to the economic development of its community. CDCs work with SBA and private sector lenders to provide financing to small businesses The maximum SBA debenture is $2.0 million when meeting a public policy goal. Does that mean you must get an indorsement from the local government for them to say that you are meeting a specific need? a business must create or retain one job for every $65,000 Doesn't sound to hard to justify, for people already with a large number of employees. But that could be a problem for a 2 man company. They'd have to match the equipment loan 30-50% with payroll, likely money they dont have in advance of increasingsales after equipment was deployed. Wondering if they'd except forcasted Jobs. Although, Loans cannot be made to businesses engaged in speculation does not support that. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Charles Wu c...@cticonnect.com To: WISPA General List wireless@wispa.org Sent: Saturday, June 05, 2010 9:36 AM Subject: Re: [WISPA] Leasing Companies While leasing is a viable option, I would seriously take a look at the programs the SBA has to offer I'm in the process of finalizing an SBA 504 loan for $400k You need to put down 10%, but if that's not a problem, it's perfect for this space as it specifically deals with hard asset acquisition With the stimulus bill waiving the standard 2% SBA processing fee, it's a pretty good deal All in, I'm looking at 1% for closing costs and a 10 year note at 4.43% Details here: http://www.sba.gov/financialassistance/borrowers/guaranteed/CDC504lp/index.html -Charles -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Joe Laura Sent: Saturday, June 05, 2010 1:06 AM To: WISPA General List Subject: Re: [WISPA] Leasing Companies If you have a good business plan your probably better off dealing with a local bank IMO. If you cant convince the bank your business plan is good then something might be wrong with your business plan. We do out of pocket now but several years ago after showing the bank our business plan they gave me whatever I wanted as long as I showed them my MRC. Joe Laura - Original Message - From: David ad...@speedyquick.net To: 'WISPA General List' wireless@wispa.org Sent: Saturday, June 05, 2010 12:52 AM Subject: Re: [WISPA] Leasing Companies Both CTI and Boun at doubleradius can help get you with honest leasing companies. David WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org
Re: [WISPA] Leasing Companies
Any other suggestions? mc On Thu, Jun 3, 2010 at 11:28 PM, RickG rgunder...@gmail.com wrote: Travis, I surprised you didnt mention: Taycor Financial -An Inc 500 Company- 6100 Center Drive, Suite 710 Los Angeles, CA 90045 Direct: (310) 895-7717, Fax: (310) 568-9922 dolyn...@taycor.com, www.taycor.com On Thu, Jun 3, 2010 at 7:10 PM, Travis Johnson t...@ida.net wrote: Be prepared to sign over your company to them if you use them for anything. :( Travis Layne Sisk wrote: Here is a leasing guy. We don't lease from him but he provides leasing to several of the WISPs that we support. Not cheap but he has money to lend out. Bill MacNamara Vice President Agility Ventures 101 E. Gurley, Ste. 202 Prescott, AZ 86301 928.541.0771 Office 928.541.0773 Fax 928.970.1340 Mobile www.agilityventures.com If you need more info let me know. -Layne Layne Sisk www.ServerPlus.com -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Marco Coelho Sent: Thursday, June 03, 2010 1:26 PM To: WISPA General List Subject: [WISPA] Leasing Companies Anyone working with some decent leasing companies? We're growing faster than our current leasing companies can support. Marco WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- Marco C. Coelho Argon Technologies Inc. POB 875 Greenville, TX 75403-0875 903-455-5036 WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Leasing Companies
Just a note, my posting his info here was not an endorsement, I have never dealt with Bill on a lease, it was just posted as a resource. -Layne www.ServerPlus.com -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of RickG Sent: Thursday, June 03, 2010 10:29 PM To: WISPA General List Subject: Re: [WISPA] Leasing Companies Travis, I surprised you didnt mention: Taycor Financial -An Inc 500 Company- 6100 Center Drive, Suite 710 Los Angeles, CA 90045 Direct: (310) 895-7717, Fax: (310) 568-9922 dolyn...@taycor.com, www.taycor.com On Thu, Jun 3, 2010 at 7:10 PM, Travis Johnson t...@ida.net wrote: Be prepared to sign over your company to them if you use them for anything. :( Travis Layne Sisk wrote: Here is a leasing guy. We don't lease from him but he provides leasing to several of the WISPs that we support. Not cheap but he has money to lend out. Bill MacNamara Vice President Agility Ventures 101 E. Gurley, Ste. 202 Prescott, AZ 86301 928.541.0771 Office 928.541.0773 Fax 928.970.1340 Mobile www.agilityventures.com If you need more info let me know. -Layne Layne Sisk www.ServerPlus.com -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Marco Coelho Sent: Thursday, June 03, 2010 1:26 PM To: WISPA General List Subject: [WISPA] Leasing Companies Anyone working with some decent leasing companies? We're growing faster than our current leasing companies can support. Marco WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Leasing Companies
I would recommend Peer to Peer lending options. (Google peer to peer lending). They will end up being personal loans, and likely lower credit lines, but there is a much higher chance of walking away with a loan, at a reasonable rate. If you meet the financial profile for leasing, Lease Corp of America has some of the lowest rates. They do a lot of the Moto 1yr type leases. With LCA it wont be an issue that you are leasing wireless gear, because they do that all the time. A couple tips on leasing If you do less than 5 mil a year in revenue, or have less than 10 employee, chances are your lease will be qualified by personal credit rating. Most Leasing companies are clueless, and are incapable of making an intelligent judgement on their own, and instead rely heavilly on standard Credit Reports. If your personal Credit Score is less than 700, or personal revolving credit lines over 50% utilized, dont bother applying for a lease, you'll probably get denied.. Work to improve credit score first. The price quote you get for equipment (for example whether 30% below or above market rate, whether a good or bad deal) will likely have very little to do with your approval. Approval is more about documentation. On paper, whether you look like a low credit risk or not, using default common methods of valuing, without an expanation needed. My personal opinion is WISPs are likely better off working with a local banks or private lenders, where they can meet underwriting decission makers in person. WISPs appear like far less of a risk, when their business is explained to the lender. That message will rarely get conveyed adequately to behind the scene decission makers in traditional large leasing companies. Avoid applying for a lease, unless you are confident that you will get accepted, because everytime an inquirey is made on your credit report by a lender, future lenders will question why you might have been turned down by them, which brings up concern, and that inquirey will be on your record for 2 years, and nothing you can do about it. Even if you decided to turn down the loan because you were offered loan shark rates. Leasers know who they loansharks are, and if they made an inquirey, but you dont have a loan from them, they now dont know whether you turned them down or they turned you down. IF a loan shark wont lend to you, why should they? I've found applying for leases to be a very delicate and unforgiving process. No one has to convince me on value of leasing, I get it. Obviously, there are numerous WISP Members that are successful at obtaining Leases. But what I'm learning is that they are all more or less exactly the same, in regards to methods they use to qualify/approve applicants. Although they may vary drastically on how well they manage the loan/client experience or ethically handle the application process, or what lease terms they'll extend. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Marco Coelho coelh...@gmail.com To: WISPA General List wireless@wispa.org Sent: Friday, June 04, 2010 12:36 PM Subject: Re: [WISPA] Leasing Companies Any other suggestions? mc On Thu, Jun 3, 2010 at 11:28 PM, RickG rgunder...@gmail.com wrote: Travis, I surprised you didnt mention: Taycor Financial -An Inc 500 Company- 6100 Center Drive, Suite 710 Los Angeles, CA 90045 Direct: (310) 895-7717, Fax: (310) 568-9922 dolyn...@taycor.com, www.taycor.com On Thu, Jun 3, 2010 at 7:10 PM, Travis Johnson t...@ida.net wrote: Be prepared to sign over your company to them if you use them for anything. :( Travis Layne Sisk wrote: Here is a leasing guy. We don't lease from him but he provides leasing to several of the WISPs that we support. Not cheap but he has money to lend out. Bill MacNamara Vice President Agility Ventures 101 E. Gurley, Ste. 202 Prescott, AZ 86301 928.541.0771 Office 928.541.0773 Fax 928.970.1340 Mobile www.agilityventures.com If you need more info let me know. -Layne Layne Sisk www.ServerPlus.com -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Marco Coelho Sent: Thursday, June 03, 2010 1:26 PM To: WISPA General List Subject: [WISPA] Leasing Companies Anyone working with some decent leasing companies? We're growing faster than our current leasing companies can support. Marco WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ WISPA Wants You! Join today! http
Re: [WISPA] Leasing Companies
LCA for Canopy. -Jeff Convergence Technologies There is a difference -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi Sent: Friday, June 04, 2010 1:09 PM To: WISPA General List Subject: Re: [WISPA] Leasing Companies I would recommend Peer to Peer lending options. (Google peer to peer lending). They will end up being personal loans, and likely lower credit lines, but there is a much higher chance of walking away with a loan, at a reasonable rate. If you meet the financial profile for leasing, Lease Corp of America has some of the lowest rates. They do a lot of the Moto 1yr type leases. With LCA it wont be an issue that you are leasing wireless gear, because they do that all the time. A couple tips on leasing If you do less than 5 mil a year in revenue, or have less than 10 employee, chances are your lease will be qualified by personal credit rating. Most Leasing companies are clueless, and are incapable of making an intelligent judgement on their own, and instead rely heavilly on standard Credit Reports. If your personal Credit Score is less than 700, or personal revolving credit lines over 50% utilized, dont bother applying for a lease, you'll probably get denied.. Work to improve credit score first. The price quote you get for equipment (for example whether 30% below or above market rate, whether a good or bad deal) will likely have very little to do with your approval. Approval is more about documentation. On paper, whether you look like a low credit risk or not, using default common methods of valuing, without an expanation needed. My personal opinion is WISPs are likely better off working with a local banks or private lenders, where they can meet underwriting decission makers in person. WISPs appear like far less of a risk, when their business is explained to the lender. That message will rarely get conveyed adequately to behind the scene decission makers in traditional large leasing companies. Avoid applying for a lease, unless you are confident that you will get accepted, because everytime an inquirey is made on your credit report by a lender, future lenders will question why you might have been turned down by them, which brings up concern, and that inquirey will be on your record for 2 years, and nothing you can do about it. Even if you decided to turn down the loan because you were offered loan shark rates. Leasers know who they loansharks are, and if they made an inquirey, but you dont have a loan from them, they now dont know whether you turned them down or they turned you down. IF a loan shark wont lend to you, why should they? I've found applying for leases to be a very delicate and unforgiving process. No one has to convince me on value of leasing, I get it. Obviously, there are numerous WISP Members that are successful at obtaining Leases. But what I'm learning is that they are all more or less exactly the same, in regards to methods they use to qualify/approve applicants. Although they may vary drastically on how well they manage the loan/client experience or ethically handle the application process, or what lease terms they'll extend. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Marco Coelho coelh...@gmail.com To: WISPA General List wireless@wispa.org Sent: Friday, June 04, 2010 12:36 PM Subject: Re: [WISPA] Leasing Companies Any other suggestions? mc On Thu, Jun 3, 2010 at 11:28 PM, RickG rgunder...@gmail.com wrote: Travis, I surprised you didnt mention: Taycor Financial -An Inc 500 Company- 6100 Center Drive, Suite 710 Los Angeles, CA 90045 Direct: (310) 895-7717, Fax: (310) 568-9922 dolyn...@taycor.com, www.taycor.com On Thu, Jun 3, 2010 at 7:10 PM, Travis Johnson t...@ida.net wrote: Be prepared to sign over your company to them if you use them for anything. :( Travis Layne Sisk wrote: Here is a leasing guy. We don't lease from him but he provides leasing to several of the WISPs that we support. Not cheap but he has money to lend out. Bill MacNamara Vice President Agility Ventures 101 E. Gurley, Ste. 202 Prescott, AZ 86301 928.541.0771 Office 928.541.0773 Fax 928.970.1340 Mobile www.agilityventures.com If you need more info let me know. -Layne Layne Sisk www.ServerPlus.com -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Marco Coelho Sent: Thursday, June 03, 2010 1:26 PM To: WISPA General List Subject: [WISPA] Leasing Companies Anyone working with some decent leasing companies? We're growing faster than our current leasing companies can support. Marco WISPA Wants You! Join today! http://signup.wispa.org/ WISPA
Re: [WISPA] Leasing Companies
I've applied to several leasing companies, mostly for licensed links. All of them gave me an appox. rate for a five year term of under 10% per year. Then, after they ran credit, they came back with a monthly payment but wouldn't tell me the rate. I calculated it to be over 25% annually in all of the cases. When I talked to them about it, they all said that they don't actually do rates, they just give a monthly amount, since that's easier for people to understand. In all of the cases, if we had signed up, we would have paid more than three times what the equipment cost by the time the lease was done. One of them even tried that old Rule of 78 method for calulating interest. I didn't even think that was still legal in the US! Two of them verbally told us the lease was for a $1 buyout, but then in the fine print it said we would have to pay, fair market value, whatever that means. If I ever find a honest leasing company, it'll make my business easier and more profitable. Until then, we'll continue to grow slowly. Cheers, Kevin - Original Message - From: Tom DeReggi wirelessn...@rapiddsl.net To: WISPA General List wireless@wispa.org Sent: Friday, June 04, 2010 11:08 AM Subject: Re: [WISPA] Leasing Companies I would recommend Peer to Peer lending options. (Google peer to peer lending). They will end up being personal loans, and likely lower credit lines, but there is a much higher chance of walking away with a loan, at a reasonable rate. If you meet the financial profile for leasing, Lease Corp of America has some of the lowest rates. They do a lot of the Moto 1yr type leases. With LCA it wont be an issue that you are leasing wireless gear, because they do that all the time. A couple tips on leasing If you do less than 5 mil a year in revenue, or have less than 10 employee, chances are your lease will be qualified by personal credit rating. Most Leasing companies are clueless, and are incapable of making an intelligent judgement on their own, and instead rely heavilly on standard Credit Reports. If your personal Credit Score is less than 700, or personal revolving credit lines over 50% utilized, dont bother applying for a lease, you'll probably get denied.. Work to improve credit score first. The price quote you get for equipment (for example whether 30% below or above market rate, whether a good or bad deal) will likely have very little to do with your approval. Approval is more about documentation. On paper, whether you look like a low credit risk or not, using default common methods of valuing, without an expanation needed. My personal opinion is WISPs are likely better off working with a local banks or private lenders, where they can meet underwriting decission makers in person. WISPs appear like far less of a risk, when their business is explained to the lender. That message will rarely get conveyed adequately to behind the scene decission makers in traditional large leasing companies. Avoid applying for a lease, unless you are confident that you will get accepted, because everytime an inquirey is made on your credit report by a lender, future lenders will question why you might have been turned down by them, which brings up concern, and that inquirey will be on your record for 2 years, and nothing you can do about it. Even if you decided to turn down the loan because you were offered loan shark rates. Leasers know who they loansharks are, and if they made an inquirey, but you dont have a loan from them, they now dont know whether you turned them down or they turned you down. IF a loan shark wont lend to you, why should they? I've found applying for leases to be a very delicate and unforgiving process. No one has to convince me on value of leasing, I get it. Obviously, there are numerous WISP Members that are successful at obtaining Leases. But what I'm learning is that they are all more or less exactly the same, in regards to methods they use to qualify/approve applicants. Although they may vary drastically on how well they manage the loan/client experience or ethically handle the application process, or what lease terms they'll extend. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Marco Coelho coelh...@gmail.com To: WISPA General List wireless@wispa.org Sent: Friday, June 04, 2010 12:36 PM Subject: Re: [WISPA] Leasing Companies Any other suggestions? mc On Thu, Jun 3, 2010 at 11:28 PM, RickG rgunder...@gmail.com wrote: Travis, I surprised you didnt mention: Taycor Financial -An Inc 500 Company- 6100 Center Drive, Suite 710 Los Angeles, CA 90045 Direct: (310) 895-7717, Fax: (310) 568-9922 dolyn...@taycor.com, www.taycor.com On Thu, Jun 3, 2010 at 7:10 PM, Travis Johnson t...@ida.net wrote: Be prepared to sign over your company to them if you use them for anything. :( Travis Layne Sisk wrote: Here
Re: [WISPA] Leasing Companies
Both CTI and Boun at doubleradius can help get you with honest leasing companies. David -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Kevin Sullivan Sent: Friday, June 04, 2010 6:11 PM To: WISPA General List Subject: Re: [WISPA] Leasing Companies I've applied to several leasing companies, mostly for licensed links. All of them gave me an appox. rate for a five year term of under 10% per year. Then, after they ran credit, they came back with a monthly payment but wouldn't tell me the rate. I calculated it to be over 25% annually in all of the cases. When I talked to them about it, they all said that they don't actually do rates, they just give a monthly amount, since that's easier for people to understand. In all of the cases, if we had signed up, we would have paid more than three times what the equipment cost by the time the lease was done. One of them even tried that old Rule of 78 method for calulating interest. I didn't even think that was still legal in the US! Two of them verbally told us the lease was for a $1 buyout, but then in the fine print it said we would have to pay, fair market value, whatever that means. If I ever find a honest leasing company, it'll make my business easier and more profitable. Until then, we'll continue to grow slowly. Cheers, Kevin - Original Message - From: Tom DeReggi wirelessn...@rapiddsl.net To: WISPA General List wireless@wispa.org Sent: Friday, June 04, 2010 11:08 AM Subject: Re: [WISPA] Leasing Companies I would recommend Peer to Peer lending options. (Google peer to peer lending). They will end up being personal loans, and likely lower credit lines, but there is a much higher chance of walking away with a loan, at a reasonable rate. If you meet the financial profile for leasing, Lease Corp of America has some of the lowest rates. They do a lot of the Moto 1yr type leases. With LCA it wont be an issue that you are leasing wireless gear, because they do that all the time. A couple tips on leasing If you do less than 5 mil a year in revenue, or have less than 10 employee, chances are your lease will be qualified by personal credit rating. Most Leasing companies are clueless, and are incapable of making an intelligent judgement on their own, and instead rely heavilly on standard Credit Reports. If your personal Credit Score is less than 700, or personal revolving credit lines over 50% utilized, dont bother applying for a lease, you'll probably get denied.. Work to improve credit score first. The price quote you get for equipment (for example whether 30% below or above market rate, whether a good or bad deal) will likely have very little to do with your approval. Approval is more about documentation. On paper, whether you look like a low credit risk or not, using default common methods of valuing, without an expanation needed. My personal opinion is WISPs are likely better off working with a local banks or private lenders, where they can meet underwriting decission makers in person. WISPs appear like far less of a risk, when their business is explained to the lender. That message will rarely get conveyed adequately to behind the scene decission makers in traditional large leasing companies. Avoid applying for a lease, unless you are confident that you will get accepted, because everytime an inquirey is made on your credit report by a lender, future lenders will question why you might have been turned down by them, which brings up concern, and that inquirey will be on your record for 2 years, and nothing you can do about it. Even if you decided to turn down the loan because you were offered loan shark rates. Leasers know who they loansharks are, and if they made an inquirey, but you dont have a loan from them, they now dont know whether you turned them down or they turned you down. IF a loan shark wont lend to you, why should they? I've found applying for leases to be a very delicate and unforgiving process. No one has to convince me on value of leasing, I get it. Obviously, there are numerous WISP Members that are successful at obtaining Leases. But what I'm learning is that they are all more or less exactly the same, in regards to methods they use to qualify/approve applicants. Although they may vary drastically on how well they manage the loan/client experience or ethically handle the application process, or what lease terms they'll extend. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Marco Coelho coelh...@gmail.com To: WISPA General List wireless@wispa.org Sent: Friday, June 04, 2010 12:36 PM Subject: Re: [WISPA] Leasing Companies Any other suggestions? mc On Thu, Jun 3, 2010 at 11:28 PM, RickG
Re: [WISPA] Leasing Companies
Here is a leasing guy. We don't lease from him but he provides leasing to several of the WISPs that we support. Not cheap but he has money to lend out. Bill MacNamara Vice President Agility Ventures 101 E. Gurley, Ste. 202 Prescott, AZ 86301 928.541.0771 Office 928.541.0773 Fax 928.970.1340 Mobile www.agilityventures.com If you need more info let me know. -Layne Layne Sisk www.ServerPlus.com -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Marco Coelho Sent: Thursday, June 03, 2010 1:26 PM To: WISPA General List Subject: [WISPA] Leasing Companies Anyone working with some decent leasing companies? We're growing faster than our current leasing companies can support. Marco -- Marco C. Coelho Argon Technologies Inc. POB 875 Greenville, TX 75403-0875 903-455-5036 WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Leasing Companies
Be prepared to sign over your company to them if you use them for anything. :( Travis Layne Sisk wrote: Here is a leasing guy. We don't lease from him but he provides leasing to several of the WISPs that we support. Not cheap but he has money to lend out. Bill MacNamara Vice President Agility Ventures 101 E. Gurley, Ste. 202 Prescott, AZ 86301 928.541.0771 Office 928.541.0773 Fax 928.970.1340 Mobile www.agilityventures.com If you need more info let me know. -Layne Layne Sisk www.ServerPlus.com -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Marco Coelho Sent: Thursday, June 03, 2010 1:26 PM To: WISPA General List Subject: [WISPA] Leasing Companies Anyone working with some decent leasing companies? We're growing faster than our current leasing companies can support. Marco WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Leasing Companies
I was just remembering we had to sen him a check to work on finding us capital. Nothing ever happened. Don't think we ever got out money back either. Sent from my iPhone On Jun 3, 2010, at 6:10 PM, Travis Johnson t...@ida.net wrote: Be prepared to sign over your company to them if you use them for anything. :( Travis Layne Sisk wrote: Here is a leasing guy. We don't lease from him but he provides leasing to several of the WISPs that we support. Not cheap but he has money to lend out. Bill MacNamara Vice President Agility Ventures 101 E. Gurley, Ste. 202 Prescott, AZ 86301 928.541.0771 Office 928.541.0773 Fax 928.970.1340 Mobile www.agilityventures.com If you need more info let me know. -Layne Layne Sisk www.ServerPlus.com -Original Message- From: wireless-boun...@wispa.org [mailto:wireless- boun...@wispa.org] On Behalf Of Marco Coelho Sent: Thursday, June 03, 2010 1:26 PM To: WISPA General List Subject: [WISPA] Leasing Companies Anyone working with some decent leasing companies? We're growing faster than our current leasing companies can support. Marco --- --- --- --- WISPA Wants You! Join today! http://signup.wispa.org/ --- --- --- --- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Leasing Companies
Travis, I surprised you didnt mention: Taycor Financial -An Inc 500 Company- 6100 Center Drive, Suite 710 Los Angeles, CA 90045 Direct: (310) 895-7717, Fax: (310) 568-9922 dolyn...@taycor.com, www.taycor.com On Thu, Jun 3, 2010 at 7:10 PM, Travis Johnson t...@ida.net wrote: Be prepared to sign over your company to them if you use them for anything. :( Travis Layne Sisk wrote: Here is a leasing guy. We don't lease from him but he provides leasing to several of the WISPs that we support. Not cheap but he has money to lend out. Bill MacNamara Vice President Agility Ventures 101 E. Gurley, Ste. 202 Prescott, AZ 86301 928.541.0771 Office 928.541.0773 Fax 928.970.1340 Mobile www.agilityventures.com If you need more info let me know. -Layne Layne Sisk www.ServerPlus.com -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Marco Coelho Sent: Thursday, June 03, 2010 1:26 PM To: WISPA General List Subject: [WISPA] Leasing Companies Anyone working with some decent leasing companies? We're growing faster than our current leasing companies can support. Marco WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ WISPA Wants You! Join today! http://signup.wispa.org/ WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
