Web Changes

This is where we'll announce the most recent additions to our web site. If you've visited us before and want to know what's changed, take a look here first.

TechLease L.L.C. has added a page "Lease Accounting" on our website.  Jan. 30th, 2007.  This information was including in our Annual Newsletter published to all of our broker, vendors, and customer.

TechLease L.L.C. has updated the "Recent Lease Contracts" page on our website.  April 20th, 2006

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Press Releases

These are the press releases we've issued over the last several years.

Fall UAEL conference a huge success. Oct. 4th, 2006.

TechLease L.L.C. attended the Fall UAEL conference in Albuquerque, New Mexico.   The annual UAEL conference is a great forum for meeting vendors, brokers and other funding sources.  Another valuable aspect is the large body of knowledge and training classes that are available.  In addition to education, two areas of focus for TechLease at the conference included backend accounting software development and asset collection and remarketing. 

TechLease signs agreement with Windham Professionals for late-payment collections. Sept. 28th, 2006.

As the size of the lease portfolio increases for TechLease L.L.C. , it becomes increasing difficult for our internal collections staff to handle clients that are not paying on time.  Our choice to use Windham Professionals was spawned by their excellent customer support, and both professional and ethical business practices.  Windham Professionals can be found at: http://www.windhampros.com/

TechLease initiates convenient electronic payment by ACH. May 23rd, 2006.

TechLease L.L.C. rolled out a direct deposit electronic payment option to lessees for convenience and cost savings.  The direct deposit offers the following benefits to our customers:  1) Convenience of not having to write checks.  2) Elimination of postage expense and the risk of late payments.  3) Avoidance of late or interest charges through prompt, timely payments.  4) Establishment of excellent payment and credit records.   Enrollment forms will be included with the lessee's next invoice.

Loan is approved for $1M. April 15th, 2006.

Today, TechLease L.L.C. was approved for a $1,000,000 line of credit from a partner financial institution.  Brokers are welcome to submit applications for credit approval.  Please visit our Broker page for more details on TechLease's credit guidelines.

TechLease funds two start-up companies in California and Louisiana.  Jan 1st, 2006.

TechLease worked with two new lease brokers in the 4th quarter of 2005.   One lessee was a business start-up, while the other had a previous bankruptcy.  TechLease took a great deal of time to understand the business plan with the start-up company, and in researching the bankruptcy situation.

TechLease staff accepts a volunteer position on the Educational Committee of the UAEL. October, 2005.

Eric Paton from TechLease has volunteered for the Educational Committee for UAEL.  The ultimate goal of our Committee is for UAEL to be known as the "Education Association"

The committee will achieve this goal by addressing the following sub-tasks:
    Determine the educational wants/needs of our membership
    Establish how we will deliver these products to the membership
    Prioritize and identify topics by need and cost-effectiveness
    Update/Upgrade the Institute for Leasing Professionals (ILP)
    Finalize pricing/delivery and marketing of educational products

TechLease joins the United Association of Equipment Leasing (UAEL). September 28th, 2005.

TechLease joined the professional organization, UAEL,  in September 2005, and attended the annual UAEL Conference and Exposition in South Lake Tahoe, CA.   The meeting was a huge success, while networking with brokers, funding sources, and service organizations.

TechLease travels 3000 miles to consult during equipment delivery and installation. July 30th, 2005.

Dr. Neil Paton traveled across the country to assist a welding fabrication shop deliver and install $350,000 in welding equipment.   Neil's experience in dealing with the welding equipment manufacturer helped the lessee/owners extend the terms on the tool acceptance, and provided on-site advise in their factory.

Doctors in Santa Monica report accelerated revenues from new equipment on lease.  March 31^st, 2005.  

Doctors, who are clients of TechLease, report that a new CAT Scanner from Xoran Technologies has enhanced revenues at their clinic by $5000 / week.  The new equipment was leased through TechLease, with a total equipment cost of approximately $150,000.

New clientele and major milestones achieved at TechLease L.L.C.   January 5^th, 2005. 

As TechLease closes out its second year in business, company representatives reported that two new clients signed on with multi-contract deals.  Typically, new clients sign on with “Master Lease” contracts.  “Our clients enjoy this sort of contract, because the lessee has easy access to future capital.”  In the last two years, TechLease has acquired just over $1 million dollars in medical equipment.  This milestone is a significant accomplishment for such a company with only $25,000 in operating expenses for 2004.

Radiology Clinic requested a short term bridge loan to reimburse for the down-payment on equipment they wished to lease.  December 20th, 2004.

TechLease provided a short term non-recourse loan to fund 100% of the down-payment on a CAT scan imager.  Several months later, the equipment was shipped from the vendor, and TechLease wired the funds on the same day.  Because TechLease is a direct funding source, there are no banks that slow the process.  Vendors are paid without delay, without any authorization and release

 of funds by a third party bank.

TechLease saves customer $10,000 in sales taxes.   October 15th, 2004.

TechLease worked with the equipment vendor to draft a new invoice, that itemized out installation and "optional" warranty.  Previously, these items were lumped into the total equipment cost.  By separating out the non-taxable items, we were able to lower the monthly payment to the lessee by 4.5%, resulting in a $10,000 savings over the lease term. 

Partner is Awarded Graduate Degree in Business.  June 4^th, 2004. 

Eric Paton, VP of Operations and Finance at TechLease, today graduated with a Master’s Degree in Business at San Jose State University, with an emphasis on Accounting and Finance.   Eric will continue his education in Lease accounting and Tax Law.

Loan is approved for $500K.  February 16^th, 2003.  

Today, TechLease L.L.C. was approved for a $500,000 line of credit from a partner financial institution.   With only three months in business, this credit approval seems unusually risky from a casual observer.  However, the financial institution believed the company has a strong business plan, and was backed by partners in the L.L.C. with outstanding credit scores.    The founders pooled together sufficient seed funding to acquire the first two medical equipment purchases. 

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Last modified: 02/07/08