Colorado Time - Interview (December, 2007)

New Partnership Offers Flexible Financing

Colorado Timing Systems (CTS) is pleased to announce a partnership with SC Equipment Funding to give customers more choices, making it easier to buy the equipment they require. Best of all, virtually anyone is eligible to apply.

The advantages of leasing
SC Equipment Funding offers financing options tailored to sporting organizations’ explains Brent Siemsen of SC Equipment Funding.

“CTS and SC Equipment Funding have teamed up because I understand the swimming community,” said Siemsen. “I understand their challenges, and I can show them how to utilize their fundraising efforts to afford what they want today.”

Equipment leasing has a number of advantages over bank loans:

* It takes less time to get approval for a lease than for a loan.
* Banks often require higher down payments than a leasing company requires for a lease.
* With banks, rates can fluctuate – with SC Equipment Funding, your rates will never change.

Leasing offers other important advantages. For example, the total amount of a lease can include “soft costs” such as installation and warranties, so those expenses don’t have to be paid upfront by the team or organization. “With a typical loan, those costs cannot be rolled into the loan,” said Siemsen.

Most importantly, SC offers what they refer to as a “dollar buyout” with their leases. As Siemsen explains, “At the end of the term, you pay a dollar, and the equipment is yours.”

Enhanced options for teams and organizations
“Many customers who have a need for several products have to buy them in stages because they can’t afford it all at one time,” said Anita Sayed, President and CEO of CTS. “Financing gives them the opportunity to get everything they need at once.”

“What CTS and SC Equipment forming this partnership does is give teams and organizations an option to have the equipment they want and get it today,” said Siemsen. “In many instances, you can only afford one type of equipment. Leasing allows a team or organization to have all their needs filled.”

CTS will offer 24, 36, 48, and 60 month lease options, enabling teams and organizations to acquire more of the equipment they need without exhausting their hard-earned resources.

“We look at leasing as allowing you to keep your capital,” Siemsen said. “If something costs $100,000 and you’re able to pay it in 5 years’ time, instead of utilizing all your capital to get it, a lease allows you to stretch your capital.”

CTS’ commitment
For 35 years, CTS has been provided superior timing equipment to recreational and professional divisions. The decision to offer financing is the latest phase in a commitment to serving its customers.

“Our decision was customer driven. We have had several customers request this offering,” said Sayed. “If anybody has a need for financing, we have that in place today.”

Together, CTS and SC are committed to providing the freedom for customers to receive the equipment they need without financial restraint. As Siemsen concludes, “We work with all segments of a swim organization to be able to get things done.”
To learn more about available financing options, contact Colorado Time Systems at (970) 667-1000 or visit www.coloradotime.com.

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