There are more flexible options available to business customers for financing equipment than the local bank that allows them to leave their line of credit in tack.

Aurora, Illinois – January 25, 2009 – Hayes Trading Co announces a number flexible lease/financing options for customers.

Real Lease/Financing Options!!

Payment Plans Offered:
 

Standard Payment Plan: The most frequently chosen purchase option is $1.00 at the end of the term.  We do offer a 10% of equipment cost purchase option, as well as a Fair Market Value option.  When you get your next to last monthly payment invoice, you include a brief note to the Lender stating that you want to exercise your purchase option and include a check for the $1 or 10% of equipment cost. If you have a Fair Market Value purchase option, you need to contact our lending partner to begin the negotiation process.  You will be contacted about 60 days before the end of the Agreement term to remind you of purchase option procedures. We have lending partners that offer 12-72 month payment options and include all of your soft costs, such as freight, training, installation, etc.
back to the top

Seasonal Payment Plan: During each year the customer may skip three consecutive monthly payments.  Therefore, only 9 payments each year would be made.  Companies that experience a slow time of year, often select the Seasonal Payment Plan.  For example, cold temperatures during the winter months prohibit companies in the paving industry from laying new asphalt and generating revenue.  Therefore, preserving cash flow during the winter months is crucial.   This payment plan lets the Customer skip payments for the same three months every year when business is slow.  back to the top

3-Month Deferred Payment Plan: This plan starts with a Security Deposit of $25, then the first 3 payments are only $25 each, followed by the remaining number of full payments (36, 48, 60 payments).  This plan ends with either a $1.00 or 10% purchase option. back to the top

6-Month Deferred Payment Plan: This plan starts with a Security Deposit of $25, then the first 6 payments are only $25 each, followed by the remaining number of full payments (36, 48, 60 payments).  This plan ends with either a $1.00 or 10% purchase option. back to the top

The 3 and 6 Months Deferred Payment Plans are often used when companies need the necessary equipment now, but want to delay the cash outflow until the equipment starts producing revenue.  This scenario may apply to many types of equipment.  In the case of computer software, the implementation period may take months until the software produces cost savings or revenue increases.  Even construction equipment that is productive on-the-job immediately, may take months before it produces revenue because it takes time to complete the job, send out the invoice, and collect the money.  Deferred Payment Plans postpone the cash outflow of monthly payments. back to the top

72-Month Terms are offered on titled vehicles, selected construction equipment and manufacturing machinery that are four years old or newer.  This is financing solution that enables the Customer to get low monthly payments on vehicles and equipment that has a long usable life.  back to the top

TRAC Leases feature lower monthly payments because there is a large residual at the end of term.  The size of the residual assumption varies by the Agreement term and the type of the equipment or vehicle, but the residual may be as large as 40%.  At the end of the term, the Customer may either purchase the equipment for the stated residual assumption or arrange for the sale of the asset.  The Customer is only responsible for any short-fall if the sales price of the asset is less than the residual assumption.  If the sales price is more than the residual, then the Customer keeps the excess.  The advantage of this leasing arrangement is the low monthly payments and for companies that regularly trade-in assets every three to five years and don’t plan on keeping a particular asset long-term.  back to the top

Balloon Payment Plans Similar to TRAC Leases, Agreements that end with large Balloon Payments benefit from low monthly payments.  The end of term Balloon Payment is determined on a deal-by-deal basis and depends on the specific equipment or vehicle and the length of term desired.  back to the top
 

REASONS TO USE OUR LEASE/FINANCEING PARTNERS RATHER THAN YOUR OWN BANK

Down Payment Requirements:  Our Lease/Financing arrangements allow the Customer to finance 100% of the cost of the equipment and usually only requires one monthly payment to begin the Agreement.  This is not always the case with bank financing.  Often a sizable Down Payment of 10% or 20% of the equipment cost is required.  These Down Payments use up precious working capital that is needed to support daily cash needs.   back to the top

Soft Costs:  These costs include shipping, training, installation and other expenses associated with equipment acquisitions.  We enable our Customers to include these costs in our Lease/Financing arrangements.  Banks generally will not finance soft costs.   back to the top

Flexible Payment Plans:  We offer Seasonal Skip and Deferred Payment Plans which banks usually do not offer.  back to the top

Simplicity and Speed:  Banks may require complete financial statements and tax returns and their decisions may take weeks.  We usually only require a simple Credit Application to arrange financing up to $100,000 and decisions are typically within 24 hours.   back to the top

Compensating Balances:  Banks may require borrowing Customers to maintain a balance in their business checking account that may equal the size of the loan for the equipment.  Your company is tying up cash it may need to support daily operations.  Our lending partner does not require compensating balances.   back to the top

Floating vs. Fixed Rates:  Bank financing may use a floating rate that may increase over the term of Agreement and end up costing more than the fixed rate Agreements used by our lending partner.  back to the top

Restrictive Covenant:  Banks may require their Customer to periodically submit financial statements to see how your business is doing.  The borrowing arrangement may include a call provision that enables the bank to make you pay off the loan if they feel your business is not doing as well as they think it should.  Our lending partner’s Agreements do not contain restrictive covenants.  back to the top

Blanket Lien:  Banks often file a Blanket Lien when doing financing for their Customers.  This enables the bank to place a lien on all company assets.  This lien is filed as a Public Record.  Lease/Financing companies usually only file a UCC-1 financing statement that simply identifies the specific equipment being financed and is the property of Lender until the end of the Lease and the Purchase Option is exercised.  Then a UCC-3 statement is filed which releases the Lender�s ownership rights to the Customer.  back to the top
About Hayes Trading Co.
Hayes Trading Company offers everything from ramps to cranes, accessories, and hundreds of products in between. Some of the many categories of Hayes products are Boom Lifts and Equipment, Dock Levelers, Dumpers, Hoists, Drum Crushers, Hydraulic Stackers, Machine Rollers, Gantry Cranes, Industrial Drill Sharpeners, Jib Cranes, Pallet Servers, Scissor Lifts, Strapping and Stretch Wrap Machines, Trollies, Yard Ramps (Forklift Ramps) and more., visit www.hayestrading.com.  

###

All otherr company and product names
may be trademarks of the respective companies with which they are associated.

Hayes Trading Company is a supplier of top quality material handling & industrial products, offering superior value and exceptional service. Headed by Wayne Hayes, Hayes Trading Company offers a wide range of material handling and industrial products from small items to large equipment. Thousands of pieces of industrial equipment from any manufacturer’s catalog listed below can be procured from Hayes.

Products Offered

Hayes Trading Company offers everything from ramps to cranes, accessories, and hundreds of products in between. Some of the many categories of Hayes products are Boom Lifts and Equipment, Dock Levelers, Dumpers, Hoists, Drum Crushers, Hydraulic Stackers, Machine Rollers, Gantry Cranes, Industrial Drill Sharpeners, Jib Cranes, Pallet Servers, Scissor Lifts, Strapping and Stretch Wrap Machines, Trollies, Yard Ramps (Forklift Ramps) and more.

Hayes Trading Company is a worldwide authorized distributor for many well-known manufacturers. Names recognized in the industry which Hayes carries include Arrow Material Handling, Atlas Lift, Autoquip Corporation, Bluff Manufacturing, Bullman, Darex – Drill Sharpeners, Defibtech, Dyn-o-mat, Gorbel, MclarenUSA, Nilfisk-Advance Industrial Vacuums, Spanco Inc. and Vestil Manufacturing.

In their Consumer Division, Hayes Trading offers over 5,000 stocked items in Marine Electronics that include compasses, EPIRBs, fishfinders, GPS, multi-function systems, plotters, radar, VHF Marine radios, transducers and more. Major brands include ACR, Furuno, Garmin, Humminbird, Lowrance, Magellan, Northstar, Raymarine, Uniden, and many more.
 

Products

Yard Ramps Box Dumpers Docklevelers Drill Sharpeners Gantry Cranes Jib Cranes Scissor Dock Lift Self-dumping Hopper

Click here for more

Lease / Purchase Options

Hayes can accommodate your need to stay current with machinery without breaking the budget. Flexible lease/purchase options (24-60 months) are offered, even encouraged, which allows you to pay a set monthly fee while acquiring the tools you need to keep your business at the cutting edge.

About the Website

HayesTrading.com
Our site has been designed to be extremely user friendly and easy to navigate. In addition to the category links from the home page, the web site includes an index by product, and also an index of products by manufacturer. On-line ordering is secure with 128-bit encryption for your safety. Ordering may be done from their web site. With a commitment to safety in the workplace, Hayes Trading provides articles on their site on topics such as OSHA Training, back injuries, ergonomics, materials handling and storage.

Hayes Trading Company’s Clients

Satisfied customers from New York to Australia include both small businesses, and major entities such as the State of Illinois, and the US Army (CCR CODE: 339U3).

Customers say such things as, “Very responsive customer service and follow-up,” and “Thank you for your honesty and quick transactions,” The company provides phone, email, fax, and address contact information for easy access to personal service. Following are some of the clients of Hayes Trading Company. To view a list of recent clients, click here.
 

American Sprinkle Bagwell Office Systems Berry Metal

BSN Medical Bunn-O-Matic Clorox

Hamlin Electronics State of California State of Illinois

Shipping

Located in Illinois, northwest of Chicago in Aurora, Hayes Trading Company offers worldwide shipping and accepts all major methods of payment, including PayPal, and Google Checkout. Returns are allowed within 14 days (US), and 20 days (international), with required return authorization and re-stocking fees applicable. Any order over 70 pounds will be shipped by freight. Customers may arrange their own freight or pick up items.

Additional Information

Address

Hayes Trading Co

2320 Sans Souci

Aurora, IL 60506

edit Contact Info

Email:

Phone: (Toll Free) 1-877-424-4908

Phone: (Direct) (630) 340-4887

Fax: (240) 255-7731

edit Related Domains