Kingswood Leasing

Brand Ambassador Spotlight – Kevin Nelson

| Kim Lorang

We are grateful to partner with so many wonderful foodservice dealers to offer equipment lease financing to their customers. To show our appreciation, we honor sales reps that have demonstrated a strong commitment to our partnership by distinguishing them as brand ambassadors. In addition to being featured on our blog, our brand ambassadors receive a gift card to a local restaurant they choose.

This week, we are pleased to feature one of the wonderful sales reps from Supplies on the Fly as Kingswood Leasing’s* first brand ambassador.

Headshot of Kevin Nelson
Kevin Nelson

Kevin Nelson has been with Supplies on the Fly for about five years, where he helps restaurant owners get the equipment they need to run their businesses well in his role as a Foodservice Equipment Specialist.

Kevin brings the unique skillset of an in-depth knowledge of the operator’s struggles and point of view to Supplies on the Fly. After attending the University of Georgia, Kevin accepted a management position at Atlanta restaurant The Mellow Mushroom. After six months, he was promoted to General Manager. Kevin enjoyed that role for the next 15 years.

While Kevin loved the restaurant industry, he started to long for a role with more regular weekday hours. After talking with a friend from high school about his job at Supplies on the Fly, Kevin decided that applying for a position there would allow him to work a more regular schedule while still being in the industry he loved.

Now, he enjoys working with restaurant owners and can easily relate to them thanks to his experience on their side of the industry. While he loves working with all his customers, he has a sweet spot for mom-and-pop restaurants.

While representing Supplies on the Fly at a food supplies and equipment showcase in Dallas, Texas, Kevin met the owner of Boo-Ray’s of New Orleans. The owner was opening a new location and Kevin was given the opportunity to assist with the opening equipment package. It went off without a hitch, and he is thrilled to be assisting with the opening of their next location.

Kevin understands how fast paced the operator’s world is and how full their plates are at any given moment. He prides himself on being available when his customers need him and bringing them solutions that will help them succeed.

Just as he is there to provide unyielding support to his customers, Kevin is grateful to have that same support from his boss, Jan Vergouwen. “Jan is the best manager I’ve ever had,” Kevin said with conviction. He appreciates that Jan gives him the space to work his book of business like it’s his own business. Having that freedom, paired with the unwavering support from his team, makes Supplies on the Fly a great place to work.

Karen Matheny, Leasing Manager at Supplies on the Fly, was thrilled to learn Kevin would be recognized as their first Brand Ambassador. “If I were a customer, I’d be delighted to have Kevin as my sales representative. Kevin takes a personal interest in his customers. He listens to what they are saying, asks questions to help better understand their needs, and offers constructive suggestions to help them make an educated decision. In addition, his service doesn’t stop when the sale is made. He is always available and follows up with any issue or questions that come up after the sale. It is no surprise he has a large number of repeat customers.”

In his free time, Kevin can typically be found hiking with his wife Carissa and their black lab, Maggie. The Blue Ridge Mountains are among their favorite places to explore. When it’s time for a break from hiking, Kevin and Carissa love stopping at a brewery in the mountains to relax while sippin’ some ice-cold IPA’s.

Smiling black lab
Kevin’s dog, Maggie

We presented Kevin with a gift card to the restaurant of his choice, and he was excited to name Caper’s Restaurant and Bar as his top choice. He and Carissa have visited Caper’s many times and are particularly fond of their Hawaiian ribeye.
https://www.capersonmain.com/

KL: How does working with Kingswood Leasing* as an equipment lease financing option benefit your customers?

KN: It gives the customer the options. Not every small business is going to have the upfront capital to start up their dream business but with the option of leasing to own they can make it happen.

KL: What career advice would you give someone starting out in the industry?
KN: Honestly and transparency are key to building lasting customers.

KL: What aspect of your role do you enjoy the most?
KM: Getting to work with small business owners to help them be successful.

KL: What is one fun fact most people likely don’t know about you?
KN: I have never missed an episode of the TV show Survivor. Yes, it still comes on!

Kevin and his wife hugging at an event
Kevin and his wife, Carissa

*Kingswood Leasing Powered by TimePayment

The intent of this program is to foster engagement with strategic partners and encourage originations.

Dover Children’s Home 11th Annual Golf Tournament

Image | | Zeb Wright

Kingswood Hits The Links For Local Charity

The entire staff of Kingswood Leasing was proud to support our 7th consecutive Dover Children’s Home Golf Tournament. This charitable tournament is one of the largest events that the Dover Children’s Home puts on every year, generating much of the needed funding for their non-profit programs for children. Thousands of NH’s most vulnerable children have received exceptional care at DCH since 1893. Their personalized treatment allows the young people that they serve to gain self-confidence and experience significant improvement in their family relationships, decision-making skills, and school performance.

Fundraisers and donations of any kind translate into the program’s ability to provide exceptional care while attempting to provide a positive adolescent experience. DCH is committed to improving the lives of the young people placed in their care by offering a wide array of services, experiences, and opportunities that celebrate each child’s individual strengths and personal needs.

As one of only a few community-based residential treatment programs for children remaining in NH, it is more important than ever for Dover Children’s Home to provide a safe haven for young people to develop the skills they will need to become healthy, productive members of the community.

“After another incredible year at Dover Children’s Home 11th Annual Golf Tournament, we want to say a HUGE thank you for helping us reach our goal of almost $25,000 raised during the event!!!!!  It was an absolutely beautiful day, lots of fun had, delicious food and great company!

We are so very grateful for your support, by golfing in the tournament, buying raffle tickets and bidding on our silent-auction items!  We would never have been able to reach our goal without you all!” – Renee Touhey-Childress, Executive Director, Dover Children’s Home

Hope to see you all at the 12th Annual Dover Children’s Home Golf Tournament in July 2019!!!

We will be there!!!

We Make It Simple

| Zeb Wright

Here Are Some Of The Ways We Make Equipment Financing Easy…

Paperwork, Schmaperwork – App Only up to $250K!

Kingswood now has application only funding limits up to $250,000. That means less time and paperwork needed to get you the financing you want to make that next big equipment purchase. And typically these credit decisions are made within 2-4 business hours.

Minimum Ownership Requirements – Corp Only Options

Kingswood has options to secure businesses with established credit without a personal guarantor, an option called Corp Only. And for businesses without the established credit, Kingswood has options to secure financing with a minimum of 1% ownership. Either way, that means less time getting every owner’s signature to apply or to sign for financial documents.

Electronic Documents

When it comes to closing the deal for your equipment, almost no one wants to wait for paper documents in the mail any more. With eDocs financial documents can be sent instantly to your email address for signing.

 

Kingswood Offers End-to-End eCommerce Solutions

| Zeb Wright

Kingswood Leasing Announces Suite Of Digital Tools

Kingswood Leasing now has the ability to offer access to equipment financing through eCommerce shopping solutions, such as previewing payment options instantly, applying for approval, and signing financial documents – all online.

Together these eCommerce solutions provide a complete end-to-end online experience for this digital age.

  • Shoppers can view estimated monthly payment options while browsing items with our Finance Button
  • Buyers can select from a full set of monthly payment options online with our Quoting Calculator
  • Buyers can select an option and proceed to secure their financing with our online Finance Application
  • Financial documents can be sent electronically and signed digitally with out having to print and return by mail.

As a seller, this means getting funded on your sales faster, while providing your customers the experience they want.

Want to learn more? Contact Us or call 888-327-8121.

No Payments for 90 Days

| Zeb Wright

Give Your Customers The Power To Do More

Qualified buyers can buy the equipment they want now, and make no monthly payments for 90 days.

“Buy Now & Pay Later”

Program Highlights

  • The first payment will be due 90 days from the date of funding. For example, if a deal funds on December 15, the first payment will be due March 15th.
  • Certain restrictions apply, including, but not limited to: Startup restaurants, startup salons, ATM equipment, security monitoring agreements are not eligible.
  • Commercial customers only. Qualified businesses must have at least 2 years time in business to qualify.

Program Benefits

The benefits for your customers are obvious. They can get the equipment they want now and use that equipment to earn money for 90 days before the first monthly payment is due. Tell your customers to keep their hard earned cash and let the new equipment earn they money to pay for itself!

This program is also very popular with equipment suppliers who can leverage this limited-time offer to help earn more business. Tell any customer that shows interest in the option that there is no cost or obligation to get approved.

How can I get my clients Approved for No Payments for 90 Days?

You and your customers can apply like normal. We simply need to know that your customer is interested in this option. If there is mention of No Payments for 90 Days on an application we will immediately begin qualifying for this program.

Don’t wait until it’s too late – Tell all your customers about this option and share our secure application to find out if they qualify. It’s that simple!

Garrison City Beerworks

| Zeb Wright

Kingswood Comes Through For Local Brewery

“Less than 2 years into business and we needed to buy more equipment to grow. Kingswood Leasing came through with a deal that no one else could match. A year later we needed working capital to take advantage of a contract that otherwise would have hindered our cash flow. Now Kingswood has helped us get a small business loan and line of credit, which is enabling our next phase of growth at the brewery. Every time I have a financial need, Kingswood has come through.” – Mike Nadeau, Founder & CFO, Garrison City Beerworks

Garrison City Beerworks (GCB) entered the scene at the end of 2013 with the mission to become NH’s premier craft brewery. Fortunately for us, they took up residence just a couple blocks from our own primary office in Dover, NH. Founder Mike Nadeau didn’t need our help to get started, but after his initial investment to get going, he realized that much more would be needed to be as successful as he wanted to be. In 2015 Mike came to us to make a big investment in a canning system that would significantly increase the brewery’s ability to distribute the premium craft beer that they make. In addition to the canning system, Garrison City would need a lot of cans to take advantage of this new piece of equipment. The challenge for us was how to get this brewery that was less than 2 years old the full amount of money that they needed in order to accomplish the full order of equipment and cans.

The Equipment Loan

Garrison City qualified for the best start-up rates available in the marketplace, and had several options of how to finance the canning system. The ‘soft costs’ of the project, however, including the large inventory of cans, exceeded the normal 25% allowance of the transaction. In this case the shipping, installation, accessories and inventory was a whopping 55% of the total transaction we were attempting to finance. We could have separated the transactions, but that would have cost Garrison City Beerworks more in total. And we have great relationships with our banks, some of which we have been doing business with for 26 years. So we leveraged our experience and great relationships to earn an exception on this deal that would typically be unheard of. The bank would finance the full amount for our neighbors down the block. We made every attempt to do what was best for our client, and our funding source rewarded us and our client with everything they needed to get the job done.

Working Capital Loan

About a year later, Mike came to us looking for a line of credit. His primary need at the time was to secure a yearlong hops contract that would set up the next years’ worth of craft beer production. True business lines of credit have been harder to secure for businesses since the economic recession of 2008, and at that time Garrison City Beerworks did not have enough time in business to earn what was reserved for more established companies. But that didn’t mean that Garrison City didn’t have other options for working capital. Small business loans are one of the industry’s most popular products and any company with more than 6 months’ time in business can secure a short term unsecured business loan based on the strength of their monthly deposits. Fortunately for Garrison City, their monthly deposits exceeded the amount that they needed to secure the hops contract, and we secured for Mike a small business loan equal to what he needed. That loan helped smooth out GCB’s cash flow and set them up for sustained growth.

Term Loan & Line of Credit

Well into their third year in business and GCB is growing again. They have expanded their service and capacity and have sustained year over year growth every year in business. To take advantage of the opportunity before them, GCB needed the tools that other established businesses have at their disposal. We are so pleased to play our part in securing GCB a 5-year term loan and a true business line of credit, both of which were earned by Garrison City Beerworks for all their hard work and dedication. It truly is an honor to watch a business grow and succeed. And regarding Garrison City Beerworks, we can’t wait to watch what they do next!

Are you a Greater Dover Chamber of Commerce member?

Working with local businesses is an experience unlike any other, and we could not be more proud to serve Garrison City Beerworks. And as this experience with GCB shows, sometimes a hometown company can do things for you that no other company can. What could be better than that? How about a hometown discount?! From now on any Greater Dover Chamber of Commerce member will receive a discount on any contractual fees up to $250!

I am a Greater Dover Chamber of Commerce member! – I want a hometown discount!

Kingswood Disaster Relief Program

Red umbrella in storm
| Zeb Wright

Equipment Financing, Bridge Loans, & Business Lines of Credit to get Businesses Back on their Feet

Kingswood Leasing has been around for 26 years and over the years has been witness to natural disasters that have affected many of our partners and clients. Sympathetic to the pain and suffering that was caused by these events, Kingswood has always taken every opportunity to do more than normal to help these people get back on their feet. That experience over the years has evolved into an established commitment to these individuals:

“I am developing a Kingswood Disaster Relief Program that will support the rebuilding of businesses affected by natural disasters.” ~ Clifford Metcalfe Jr., Owner & President, Kingswood Leasing, Inc.

Program Highlights

  • Reduced Fees: We’ve negotiated with our banks to limit documentation fees to an absolute minimum to process paperwork.
  • Flexible Payment Options: Qualified buyers may choose from several popular payment options, such as No Payments Due At Signing or 90 Day Deferred Payments.
  • Giving Back: We will donate 1% of the total financed amount to the American Red Cross towards the relief effort of the applicant.

Experience Matters

Businesses that have closed down have much more difficulty obtaining financing had they not had the calamity in the first place, it’s a fact of finance life. A less experienced finance professional may not take the time or know how to present a business that has experienced a natural disaster. Getting back on your feet is too important to risk. We suggest that you partner with an experienced finance professional like ourselves who can leverage over 200 years of combined financial experience to get these afflicted business owners the best terms available for their situation. Many finance companies either run away from or try to take advantage of these business owners. This finance company is running towards those in danger, and bringing to bear every available resource we can to get these business owners back on track.

We Want To Do Our Part, Tell Us How We Can Help

If you are a business owner in need of capital following a natural disaster, or know someone who is, please see our page and application customized for this program. This application asks some additional questions about the status of the business that will be relevant for the purposes of securing capital. And please do not hesitate to contact us should you have questions. We want to do our part, tell us how we can help.

Dover Children’s Home 10th Annual Golf Tournament

| Zeb Wright

Kingswood Golfs For Favorite Charity

The entire staff of Kingswood Leasing was proud to support and attend our 6th consecutive Dover Children’s Home Golf Tournament. This charitable tournament is one of the largest events that the Dover Children’s Home puts on every year, generating much of the needed funding for their non-profit programs for children. Thousands of NH’s most vulnerable children have received exceptional care at DCH since 1893. Their personalized treatment allows the young people that they serve to gain self-confidence and experience significant improvement in their family relationships, decision-making skills, and school performance.

Fundraisers and donations of any kind translate into the program’s ability to provide exceptional care while attempting to provide a positive adolescent experience. DCH is committed to improving the lives of the young people placed in their care by offering a wide array of services, experiences, and opportunities that celebrate each child’s individual strengths and personal needs.

As one of only a few community-based residential treatment programs for children remaining in NH, it is more important than ever for Dover Children’s Home to provide a safe haven for young people to develop the skills they will need to become healthy, productive members of the community.

“To the Whole Team at Kingswood Leasing,
I cannot say enough Thank You’s to each and every one of you for your ongoing support of Dover Children’s Home! Thank you from the bottom of our hearts for all you have done and continue to do for us! Thank you for wrapping your arms so generously around us!
With much gratitude, Renee” – Renee Touhey-Childress, Executive Director, Dover Children’s Home

The staff of Kingswood Leasing had, yet again, a great time being a part of this event. Almost everyone either volunteered or played in the tournament, which was a lot of fun for everyone involved. We look forward to this event every year and we look forward to supporting the Dover Children’s Home for years to come.