With a flourishing tamale business, his ability to handle any additional demand was dwindling. Being a 'two man' team buying used equipment on eBay made keeping up with the growth of his restaurant challenging. He needed to purchase additional equipment.
Getting financing was a daunting prospect. A traditional bank loan required compensating balances and a large down payment. Hector also needed to cover his “soft costs” such as delivery, freight, and installation which would not be covered by a typical business loan.
Alliance was able to get Hector an approval within 24 hours of submitting a 5 minute application. We put the financing under the business name, allowing the company an opportunity to build credit while not impacting Hector's personal bureau.
Hector's business has grown exponentially over the last 3 years putting them at 8 full time employees and 16 employees during the holiday season. Old El Paso Tamales has become a staple to many in Arizona and Hector knows expansion is inevitable. Our relationship with Hector and Old El Paso Tamales continues to develop as his business continues to grow. It is an honor to be a small part of his journey.
As a business owner, we know that many of you can relate to the needs and challenges of a growing business. We want help you get to the next level. Call us at 1-800-449-0674 or submit an application today.
If you are ready to take the next step, we will walk the path with you. Apply today and get the financing you need.
No hard inquiry reflected on your bureau report and No application fee.
Native Resources International is a large scale landscape construction company which operates in all the western United States and Mexico. For... 12 years, we have had the fine opportunity to work hand and hand with Cindy Adler and her team from Alliance Leasing. Alliance Leasing has helped our company grow from just a little upstart to a multimillion dollar concern.
During the early years of our company, our financial situation was often times tenuous at best. Our balance sheet was marginal and we had a few black marks on our credit report. Nevertheless, Cindy Adler and her team always found a way around these negatives to arrange the best deal possible for us.
With Alliance's help, we have leased approximately one million dollars in equipment. We have always found Alliance Leasing to be exceptionally easy to work with and eager to find ways to assist us in our procurement of equipment. Our leasing program allows us to ultimately purchase the equipment at the end of the lease term. This approach has dramatically decreased our equipment rental costs (this past year alone the savings was greater than $200.000).
Although we constantly receive offers from other Leasing entities, we would never consider using anyone else other than Alliance Leasing. I would recommend, without hesitation, that Alliance Leasing be strongly considered by any company interested in a leasing program.