Taycor Financial
Bank · Financial service provider · Leasing · Credit · Software development
Info
Taycor is also one of the most dynamic and rapidly growing; having made the "Inc. 500" list of America's fastest growing private companies. Carving out a substantial niche in a $200 billion industry in less than ten years has not been an easy task for the Culver City, California based company, but it was necessary to reach the goals set by Taycor founder and leasing industry veteran Bob Skibinski. Skibinski credits the company's success to a concentration on growing strong relationships and on an extraordinary emphasis on customer service, both for its customers and for the equipment vendors which supply them. Taycor people routinely arrive at the office before seven am and rarely leave before dark. In addition, they are often available for their clients during off hours and on weekends. "It's all about personal service," says Skibinski. "We want our clients to look at us as long term partners in their success and to feel as good about us as they do with their own people. We have to go the extra mile for them in order for that to happen. Everyone here is committed to that goal." Rapid response is Taycor's strength. "When an equipment seller is trying to close a sale quickly, he doesn't want to have to wait to get his customer qualified for financing , and neither does that customer, who may need the new addition to fulfill a time sensitive contract," says Taycor VP and Regional Manager Don Gallagher, who runs the company's east coast operations. "We want to be there for them in those situations." The equipment leasing industry has long been a primary source for small and mid-sized companies to get needed financing that isn't always available to them through banks. In addition, larger companies use leasing to take advantage of beneficial tax and accounting treatment. In fact, over 80% of all companies lease some or all of their equipment, and leasing finances about 32% of all equipment acquired in the U.S. With such a wide range of equipment to finance, it is a constant challenge for Taycor to keep up with the ever changing world of business and equipment manufacturing. Therefore, Taycor marketing people become experts in the specific industries they target and commit to keeping current on an ongoing basis. Technological changes in equipment requires companies to invest vast amounts of capital to stay current, but companies such as Taycor require little or no up front cash allowing clients to deploy their cash resources elsewhere. Taycor strives to give customers greater flexibility with their equipment as well, offering upgrade options to protect against obsolescence and master leases that make adding on additional items easy. They also match payments to special customer needs, often deferring initial payments for months to allow profit generating equipment to come online and earn its way before it needs to be paid for; or waiving payments for customers with seasonal cash flow during their slow months. Having built a dominant presence in southern California, gained a foothold in the northeast with an office in Massachusetts and established the ability to finance equipment for clients on a national basis, Taycor is now setting its sights on becoming the premier leasing company in the nation which specializes in transactions under one million dollars. With their phenomenal success so far, it seems like only a matter of time before they achieve that goal.
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6100 Center Drive, Suite 710, 90045 Culver City