At GeNESIS Capital Leasing, we specialize in providing an array of equipment-financing solutions to small and medium-sized businesses throughout the United States. While we're constantly streamlining our processes and improving our programs, our focus remains on our clients. Think of us as your trusted consultants, whose priority is providing exceptional service while developing the right solution for your specific business needs.
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Genesis commits additional funding to automotive services industry
1. Genesis Commits Additional Funding to Automotive
Services Industry
Genesis recently commits new funding to a platform designed to assist the small to
medium size business obtain funding in the automotive service arena. This area has
long been a portfolio performer for Genesis and the launch will further help these
types of business and suppliers of equipment grow. Even during the current recession
Genesis has continuously raised volume in all segments of the industry including:
-Engine Analyzers,
-Towing Lifts,
-Wheel Alignment Equipment
-Compressors
-Frame Straightening Equipment
-Paint Booths
-Grinders
-Hoists
-Car Wash/Conveyor Equipment
-Brake Lathes
-Pressure/Steam Washers
-Shotblasting Equipment
-Measurement Systems
-Radiator Boil Out Equipment
-Automotive Prep Stations
New advances in the technology over the past several years and in particular the new
state requirements regarding emissions have dictated the need for alternative sources of
financing for the industry. Banks simply do not know this industry and how to handle
the customer profile contained within. This lends to over scrutiny and less financial
funding available to the companies that are trying to expand in this area. Our current
clients include an expanding group of auto body shops, car /truck dealerships,
gasoline/smog stations, general repair shops, etc. Our primary focus on
vendor/supplier and manufacturer representation has contributed to the extreme
growth of our Automotive Division. Improvements in technology have required
companies to constantly upgrade outdated equipment and have also spurred
increased business for our Automotive Division. We also take pride in our specialty
focus by being able to offer leasing to enable companies to acquire used equipment at
more affordable prices. Some small to mid-size companies find that the latest and
greatest technology may be more than they can afford and we can assist in lining up
funds for equipment that is used but may still be an upgrade for them.
Across the country, companies in the Automotive industry and especially automotive
equipment re-sellers are finding that a strong financial partnership is the key to
survival in these economic times. Genesis can help them compete in the marketplace
by upgrading and updating their facilities through equipment lease arrangements and
working capital loans.