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Genesis commits additional funding to automotive services industry
 

Genesis commits additional funding to automotive services industry

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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 ...

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 Genesis commits additional funding to automotive services industry Document Transcript

    • Genesis Commits Additional Funding to AutomotiveServices IndustryGenesis recently commits new funding to a platform designed to assist the small tomedium size business obtain funding in the automotive service arena. This area haslong been a portfolio performer for Genesis and the launch will further help thesetypes of business and suppliers of equipment grow. Even during the current recessionGenesis 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 StationsNew advances in the technology over the past several years and in particular the newstate requirements regarding emissions have dictated the need for alternative sources offinancing for the industry. Banks simply do not know this industry and how to handlethe customer profile contained within. This lends to over scrutiny and less financialfunding available to the companies that are trying to expand in this area. Our currentclients include an expanding group of auto body shops, car /truck dealerships,gasoline/smog stations, general repair shops, etc. Our primary focus onvendor/supplier and manufacturer representation has contributed to the extremegrowth of our Automotive Division. Improvements in technology have requiredcompanies to constantly upgrade outdated equipment and have also spurredincreased business for our Automotive Division. We also take pride in our specialtyfocus by being able to offer leasing to enable companies to acquire used equipment atmore affordable prices. Some small to mid-size companies find that the latest andgreatest technology may be more than they can afford and we can assist in lining upfunds for equipment that is used but may still be an upgrade for them.Across the country, companies in the Automotive industry and especially automotiveequipment re-sellers are finding that a strong financial partnership is the key tosurvival in these economic times. Genesis can help them compete in the marketplaceby upgrading and updating their facilities through equipment lease arrangements andworking capital loans.