News

CHICAGO, IL - January 11, 2012 - Bankers Leasing Group, a division of Beacon Funding, continues to approve and fund equipment financing transactions referred by bankers, CPAs, private equity firms and other institutions. As many firms have tightened or ceased funding, Beacon is pleased to continue to provide creative and competitive equipment financing products to clients across all industries.

Recently, Beacon Funding completed an equipment financing deal with Numerical Precision which manufactures close-tolerance, high reliability components for satellites, commercial and military aircraft, the international space station, homeland security and other aerospace programs. Jeff Armstrong, Vice President of Beacon Funding's Bankers Leasing Group, worked with Numerical Precision to structure and fund a capital lease for a $263,000 AgieCharmilles Wire EDM machine used to manufacture products for NASA.

Egon Jaeggin, President and Founder of Numerical Precision, said, "We in turn are most appreciative for the cooperation and response given by Beacon Funding and the work of Jeff Armstrong. In the aerospace/space industry it is critical that we at NPI stay on top of the latest technology and machinery such as the new AgieCharmilles Wire EDM machine. This provides our customers including present and former NASA personnel the assurance that Numerical Precision will provide highly reliable products for their safe missions."

“Numerical Precision required very quick turnaround to execute the funding of their lease since the equipment had already been delivered and installed and the vendor payment date was approaching.  Beacon Funding was able to quickly approve and fund the lease to meet the needs of Numerical Precision and its long-time, valued equipment vendor partner.   We enjoyed working with the Company and congratulate Numerical Precision on recently being awarded Wheeling’s Manufacturer of the Year Award,” stated Jeff Armstrong.

CHICAGO, November 22, 2011 - Cross Country Automotive Services (Cross Country), a leading provider of driver and vehicle assistance services in North America, and Beacon Funding Corp., an equipment financing company specializing in the tow industry, have joined forces to offer Cross Country Service Providers enhanced truck financing options. As a result, tow providers can leverage their long-standing relationships with Cross Country to access a convenient application process, a wider credit window and competitive financing terms. Additionally, eligible tow providers may earn up to $300 in Cross Country Perks Incentives with each completed truck financing transaction.

"This partnership helps our nationwide network of Service Providers by improving their accessibility to quality trucks and equipment, which enables them to grow their businesses and better serve our customers," said Charlie Cavolina, chief service officer and senior vice president of Service Delivery at Cross Country. "Beacon Funding has committed to making the financing process easy to understand and navigate for our Service Providers, with a straightforward application and approval process, additional support and resources to help them make smart financial decisions, and customizable solutions for their businesses' unique needs."

To learn more about truck financing options, tow providers can visit Cross Country's online Equipment Financing Center at www.beaconfunding.com/crosscountry.

"Beacon Funding is excited about the opportunity to partner with Cross Country," said Toby McDonough, Beacon Funding's vice president of Sales and Marketing. "Providing the thousands of tow providers with capital to acquire additional trucks aligns with our goal to become the nation's premier resource for financing business equipment."

Both Beacon Funding and Cross Country Automotive Services exhibited at the American Towman Expo in Baltimore, Md., on November 17-20, 2011 where they introduced the new truck financing programs.

CHICAGO, IL - Nov. 1, 2011 - Beacon Funding Corporation reached a new milestone in client service by receiving its 1,200th client evaluation representing almost $52,000,000 in equipment financed. At the close of each financing transaction, Beacon Funding conducts a series of evaluations with participating equipment vendors, referral sources and clients. In addition, feedback is also obtained through a series of internal evaluations between sales, credit and administration staff.

This 360-degree evaluation program provides Beacon Funding with ongoing insight into its client equipment financing preferences and influences the company's ongoing financing products and programs. The 1,214 clients surveyed, representing $51,903,917 in financed equipment, rated Beacon Funding an average of 8.43 on a scale of 1 (poor) to 10 (excellent).

Example Evaluation Feedback:

Company: M&R Printing Equipment, Inc., Richard Hoffman, Rating: 10, Comments: "Great customer support. I recommend Beacon to my customers as well as use them for our needs." Date: 10/26/11

Company: Eastridge Collision, Inc., William Randazzo, Rating: 10, Comments: "Can't get this kind of service anywhere! [Beacon] is on my deals and wraps them up fast!" Date: 9/27/11

"We are very pleased with all the positive feedback. The satisfaction of our business clients and referral partners remains a top priority of our company. Many of the best equipment financing products, programs and services Beacon has today are a result of feedback we obtained from our ongoing evaluation program. Beacon is working harder than ever to satisfy every client we contact," says Toby McDonough, Vice President of Sales and Marketing.

CHICAGO, IL – August 31, 2011 – With every new finance agreement, Beacon Funding Corporation learns more about what business owners are looking for, what their challenges are, and how Beacon’s creative financing programs can turn obstacles into opportunity.

Recently, Beacon Funding had the pleasure of working with Accurate Biometrics, a service corporation providing fingerprinting and identity services. Jeff Armstrong, Vice President of Beacon Funding’s Bankers Leasing Group, assisted Accurate Biometrics in obtaining $160,000 of specialized IT equipment structured as an operating lease.

Tim Daniels, Vice President of Operations at Accurate Biometrics, said, “We’ve been working with Beacon for a while now and share a great relationship. It was a fantastic experience working with Jeff. He provided valuable insight in structuring our transaction to meet our needs. He was a pleasure to deal with, was always on top of our requests, and followed up promptly.”

“Accurate Biometrics had a unique equipment need and credit profile. Beacon Funding was able to provide 100% financing for a critical IT project and funded two separate lease schedules to help them achieve their goals. We enjoyed working with the Company and look forward to assisting them in the future,” stated Jeff Armstrong.

Beacon’s equipment financing programs are helping businesses get the equipment they need to stay competitive in a difficult market.

CHICAGO, IL – June 9, 2011 – Beacon Funding is pleased to announce its participation in over 20 towing/repossession trade shows over the next 12-months. Beacon’s primary business is providing equipment financing solutions to businesses in select niche markets, including the towing and repossession industries. In addition to exhibiting at all of the major towing/repossession industry events, Beacon will be attending and participating in many more regional trade shows and association meetings throughout the country.

Beacon’s upcoming trade show exhibitor schedule for the towing/repossession industry;
06/2011 - Western States Tow Show - Reno, NV
06/2011 - RSIG Annual Seminar - Uncasville, CT
07/2011 - NFA National Convention, Grapevine, TX
08/2011 - 47th Annual ARA Convention - Jersey City, NJ
09/2011 - Midwest Regional Tow Show, Mason, OH
11/2011 - American Towman Exposition, Baltimore, MD
04/2012 - Allied Finance Adjusters - TBD
04/2012 - Florida Tow Show - Orlando, FL
05/2012 - Tow Expo - TBD

“Supporting our truck equipment vendor partners and business clients at these shows is a key part of our business. We welcome everyone to visit our booth to get reacquainted with our products and programs, obtain answers to their equipment financing questions, get approved for financing or just say hello” says Toby McDonough, Vice President of Sales and Marketing.

CHICAGO, IL - August 10, 2010 - Beacon Funding has recently become an Associate Member of both the Professional Towing and Recovery Association of Illinois (PTROI) and the California Tow Truck Association (CTTA). As members of these towing associations, Beacon agrees to uphold high standards of honor and integrity, promote fellowship, and strive to be a premier provider of equipment financing solutions to towing and recovery specialists.

In the past decade, Beacon Funding has provided equipment financing services to an ever-increasing number of tow truck operators and dealers in the states of Illinois and California. Beacon Funding joined the PTROI and CTTA because of each association's strong tradition and quality membership.

"We remain confident that both the PTROI and CTTA have much to offer Beacon and will help our organization to learn more about the businesses we serve and the issues affecting the tow industry," stated Vice President of Sales and Marketing, Toby McDonough. "Our participation in these associations is a great opportunity for us to gain perspective that will allow us to expand our creative equipment financing products and vendor partnership programs."

Beacon Funding will be attending the 30th Anniversary Professional Towing and Recovery Association of Illinois Trade Show and Convention August 13 and 14, 2010.

CHICAGO, IL – July 13, 2010 – Beacon Funding launched a new online tool for equipment dealers and manufacturers to easily promote equipment financing to their customers. The online Equipment Financing Center can be incorporated into an equipment dealer's website with little effort, no cost and no ongoing maintenance.

More than ever, equipment manufacturers and dealers are faced with intense competitive and economic pressures. Dealers need to offer their clients affordable payment options to help companies acquire the equipment they need.

"An increasing number of businesses are researching potential equipment purchases online. Therefore, Beacon has developed a comprehensive web-based financing suite providing equipment dealers a simple, free and effective way to educate their clients on their competitive equipment financing options. Beacon's Equipment Financing Center has proven to be the ideal alternative for dealers who do not have the time, budget or expertise to develop their own online financing solutions. We continue to receive feedback from our dealer partners who are pleased with the lead activity the Equipment Financing Center has generated for their own sales teams," states Toby McDonough, Beacon Funding VP of Sales and Marketing.

Beacon has taken a private label approach to its Equipment Financing Center, customizing each to have the look and feel of an equipment dealers existing website. With a few clicks of a mouse, potential buyers can easily estimate monthly payments, tax savings and return-on-investment right from the equipment dealers own website. In addition, the Equipment Financing Center is in constant synchronization with Beacon Funding so that estimates are always up-to-date.

While the Equipment Financing Center appears as an integral part of an equipment dealer's website, Beacon hosts the application and keeps all contents current. As a result, implementing the Equipment Financing Center can be as easy as adding a financing link and a single line of code to an existing website.

CHICAGO, IL – May 6, 2010 – Beacon Funding resolved to increase the level of client and partner confidence by becoming a Better Business Bureau (BBB) Accredited Business. The BBB is a nonprofit organization that exists so consumers and businesses have an unbiased resource to guide them on issues of trust in the marketplace. Businesses that meet the high standards set by the BBB are invited to apply for accreditation.

“Beacon Funding was founded with the goal of providing equipment financing programs to under-serviced small businesses. Being a BBB Accredited Business signifies a renewed pledge of trust and reliability to those businesses. It is another way we can show that treating our clients honestly and ethically is a primary goal of our company," said founder and CEO Sam Oliva, "We pride ourselves in having the highest rating possible, A+.”

If a business has been accredited by the BBB, it also means the BBB has determined that the business has pledged to make a good faith effort to resolve any consumer complaints. In addition to the accreditation, Beacon Funding earned the Better Business Bureau Complaint Free honor for 2009. Read more about these Accreditation Standards online at the Better Business Bureau website.

"We look forward to using the tools the Better Business Bureau provides to maintain an open dialogue with business owners applying for equipment financing," added Oliva.

Woodstock, IL, April 12, 2010 - Industrial oven and prefabricated shelter manufacturer Precision Quincy Corp. today introduced a new leasing and financing program aimed at helping new and existing customers who are looking to upgrade or procure new equipment. This Precision Quincy leasing program offers flexible financing options to companies at a time when limited working capital is often an issue.

"In today's competitive environment, it is absolutely essential that we make every effort to provide flexible financing programs that are sensitive to the specific needs of our customer base." said John J.W. Guanci, III, President of Precision Quincy Corp.

Precision Quincy Corp. has partnered with financial solutions provider Beacon Funding Corporation to implement the leasing program.

Beacon's Jeff Armstrong said, "Many companies are delaying equipment acquisitions due to a lack of financing options. The Precision Quincy leasing program allows business clients the ability to acquire new or upgrade equipment with a simple turn-key lease option when a cash purchase and/or traditional bank financing are not available. Beacon can approve most of Precision Quincy's customers with just a simple one-page lease application."

About Precision Quincy Corporation
Precision Quincy Corp. (www.precisionquincy.com) is a leading manufacturer of industrial process ovens and prefabricated equipment shelters. Headquartered out of Woodstock, IL and in business since 1943, the company's products continue to serve a wide variety of industries and applications.

CHICAGO, IL - February 10, 2010 - In 1990, Sam Oliva, CEO of Beacon Funding, founded Beacon in an effort to fill a void he saw in the equipment financing marketplace. Commenting on the company's origins, Oliva said, "My goal was to provide small businesses, struggling to secure traditional financing, capital to acquire the equipment they needed to grow and prosper." Twenty years later, Beacon's original focus remains unchanged; provide equipment financing programs to the business clients of its industry-leading equipment vendors partners and commercial bank partners.

Over the years, Beacon Funding has provided hundreds of millions of dollars in equipment financing to tens of thousands of businesses throughout the United States and North America. Because of Beacon’s outstanding reputation in the markets it serves, nearly one-third of ongoing business is with repeat clients.

"I am pleased with the progress our business has made. By concentrating on the niche markets we serve, Beacon has been successful in differentiating itself by building strong relationships while avoiding some of the troubles experienced by many other general lenders in our current recession. We would not be starting our third decade in business if it were not for the support of all our business clients and valued referral partners. Now is a great time to say thank you and commit to excellence in support and service for the next twenty years."

IMMENSTAAD (Germany) and CHICAGO, September 9, 2009 - Innovations Software Technology, a member of the Bosch Group,today announced that Beacon Funding, a leader in the equipment financing and leasing services industry, has chosen Visual Rules Enterprise Platform to automate leasing applications.

A challenge facing many equipment lenders is keeping their sales team and underwriters informed and educated in today's constantly changing credit market. Using Innovations' Visual Rules has enabled Beacon Funding to take approved credit parameters and build a platform for the automation of leasing applications, workflows and integration into various rating agencies and databases.

Toby McDonough, Beacon's Vice President of Sales & Marketing , said "our goal remains to provide our business clients and equipment dealer partners with best-in-class service. Shortening the decisioning time on each credit application assists our vendor partners in selling more equipment. While human eyes will still review each Beacon credit application, adding the Visual Rules technology to our underwriting process will not only improve turnaround times, but allow our organization to make higher quality, more cost-effective credit decisions. The end result is a more competitive equipment financing program for our business clients."

"We are pleased that Beacon Funding has selected the Visual Rules Enterprise Platform to enable growth, and benefit from the use of our technology in this critical area of their business," said David Kim, Managing Director and CEO for Innovations Software Technology. "We look forward to continued success at Beacon Funding and are excited to be their partner."

Beacon Funding, Chloride Partner on UPS Leasing Program

July 31, 2009 - (MonitorDaily.com) - Beacon Funding Corporation has entered into a program agreement with Chloride North America, a London-based electronics manufacturer, to provide leasing solutions for Chloride's high-power UPS systems.

The program features a lease-to-own option that allows Chloride partners to facilitate acquisition of UPS systems with flexible financing at a time when customers are confronted with limited working capital. The program will be implemented by Beacon.

"Many companies are delaying equipment acquisitions due to a lack of financing options," said Beacon Funding's Jeff Armstrong. "The Chloride leasing program allows business clients the ability to acquire new or upgrade equipment with a simple, turn-key lease option when a cash purchase and/or traditional bank financing are not available."

"Chloride's new program is an economical means for customers to stay ahead of the technology curve by acquiring superior UPS technology and timely infrastructure upgrades," added Yolanda Hernandez, director of marketing, Chloride North America. "Upfront costs are reduced by as much as one-hundred percent with all hardware, software, accessories, training and maintenance bundled into a single, easy to manage lease package."

Del Medical Systems Group Announces Del Medical Leasing Services

Del Global to Partner with Beacon Funding to Offer Lease Options

Franklin Park, IL - May 7, 2009 - Del Global Technologies Corp. (OTCBB: DGTC) ("Del Global" or "the Company") today announced that the company has partnered with Beacon Funding Corporation to provide the Del Medical leasing program which is currently being rolled out to Del Medical dealers nationwide.

The program provides a lease-to-own option that allows Del dealers to facilitate sales and provide more diversity for financing at a time when customers are trying to manage working capital more efficiently.

Mark Zorko, Chief Financial Officer of Del Global said, "No matter how beneficial it might be for customers to install equipment in their operations, we're still dealing with tight credit markets and a lack of available funding instruments. This exclusive leasing program complements our product portfolio to help our customers with financing."

Beacon's Shari L. Lipski said, "Many companies are delaying equipment acquisitions due to a lack of financing options. The Del leasing program allows business clients the ability to acquire new or upgrade equipment with a simple turn-key lease option when a cash purchase and/or traditional bank financing are not available."

Del Medical leasing program information is available through Del Medical dealers. For more information, please contact Jeff Armstrong at (800) 866-6396 or JArmstrong@beaconfunding.com.

About Del Global Technologies
Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of high performance diagnostic imaging systems for medical, dental and veterinary applications through the Del Medical Systems Group. Through its U.S. based Del Medical Imaging Corp. and Milan, Italy based Villa Sistemi Medicali S.p.A. subsidiaries the Company offers a broad portfolio of general radiographic, radiographic/fluoroscopic, portable x-ray and digital radiographic systems to the global marketplace. Through its RFI subsidiary, Del Global manufactures proprietary high-voltage power conversion subsystems including electronic filters, high voltage capacitors, pulse modulators, transformers and reactors, and a variety of other products designed for industrial, medical, military and other commercial applications. The company's web site is www.delglobal.com.