| Welcome to General
Financial, Inc. dba General Equipment Leasing based in Tampa, Florida.
General Equipment Leasing has been providing lease financial
services to equipment vendors throughout the United States since 1987.
Our customer satisfaction and our high approval ratio has earned us to
be a national leader in the leasing industry.
We engage in a broad spectrum
of equipment leasing financial services. Each transaction is structured
to offer the most cost effective method of acquiring the use of new equipment.
We have experience in evaluating all types of equipment, structuring leases,
finance transaction, and placing debt for all types of leveraged leases.
The types of equipment in which GEL
is involved include: state-of-the-art medical and computer equipment,
construction equipment, telecommunications equipment, and transportation
equipment as well as, general office equipment and furnishings.
Sales service is our hallmark of excellence.
A qualified staff is always on hand to assist the vendor - dealer, in whatever
phase of the transaction that may require help. Sales service provides:
product information, timely correspondence, fast responses to client inquires,
quick and thorough documentation review. Sales support and ongoing liaison
to our vendor - dealers
satisfaction.
Equipment leasing is the fastest growing
and single most important source of financing used to meet the needs of
American business. Leasing plays an essential role in providing industries
to be more productive and increase profitability. Leasing serves as a primary
means for businesses to acquire the capital equipment necessary to run
manufacturing and service industries which are the foundation of our economy.
Approximately - Eighty percent of American businesses lease capital
equipment. In 1980, $43.5 billion dollars of equipment was leased.
In 1985, annual volume of equipment leased had risen to $93.7 billion,
an increase of over One Hundred and Fifteen percent.
The popularity of leasing as a means
of equipment financing is due, in part, to the fact that each party benefits
from the leasing transaction. The equipment vendor is able to sell his
product outright and can realize immediate cash sales. Additionally, leasing
offers equipment users protection against the risk of technological obsolescence.
The lessor derives income, tax advantages, and upon sale or release, residual
values. The lessee, enjoys the use of the equipment to generate income
for himself without a heavy outlay of capital or utilizing limited lines
of credit. Often the monthly payments by the lessee are more economical
than through conventional financing. This generates funds which may be
used for new research, development and manufacturing activities.
General Equipment Leasing is
proud to be a part of this growing industry. And, with our portfolio funds
and available warehouse lines of capital, we can match your customers financial
needs and increase your sales volume.
|