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 <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/ > > > > > > > > --------------------------------------------------------------------- > ----------- > > 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! 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