Tagged With "Miami Marlins"
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Re: Canon Participates in the University of Miami's Coral Reef Restoration Project
How cool is this!
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Re: Is This the Beginning of the End for the Padding of Lease Rates?
Hello Art and the rest of the P4P members - Our industry association (ELFA), along with several independent law firms that represent many of our industry members are reviewing this legislation to determine the actual effects it will have on the industry as a whole and to provide guidance so that our members will be in compliance with the legislation. What we know at this point is that is you are involved in offering financing to businesses in California, you will be subject to this...
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Re: Personal Property Tax
First of all, we don't have this problem because the lease company we use (Clune Leasing) doesn't charge property tax. However, the potential pitfalls: 1.) Using a rate that was to include it and then having the lease company deny it later. That happened to us with Marlin Leasing. Make sure to get documentation ON EVERY DEAL done this way that all property tax is included. 2.) Property tax is a percentage of the funding amount. Anything added to the lease that raises the amount of the lease...
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Re: Marlin Does Not Disclose Possible Loss Of Evergreen Payments
Anybody who uses Marlin or buys their stock deserves what they get. My past experiences with tese scum suckers are chronicled in old p4photel posts if you care to get the details. However, this article comes from a blogger site called Seeking Alpha which is also known for holding short positions in public company stock and then exagerating or outright falsifying information so as to cause a downturn of the stock value thus creating a profit for those who have short positions. This article...
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Re: DLL to raise rates
I would have to say that we have not seen any difference yet. However a mortagage broker who has paid every payment on time asked for a buyout from Marlin Leasing. Marling forwarded the buyout to us and then informed us that they would not take this business at all. Personally I have stayed away from Title, and Mortgage business for the last eight months. I'll keep you posted! Matter of fact that would be a great question for a new poll, will put this up tonight for you. Art
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Re: Marlin Leasing "Updates"
"Note from Art: Curious if this is the begining of the end for Marlin?" Note from Old Glory: I hope so!
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Re: Storage of competitor's equipment during lease
Now-a-days there is no such thing as buy-out to Return...only buy-out to keep with a very high residual. We have stored equipment but the leasing company can never know about it. Marlin Leasing for instance sends it immediately to their legal dept for litigation if they find out. Far and away, the best answer is to fund the payments into the new deal and write the customer a check and have them make the payments and store the equipment.
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Re: Getting customers approved with poor credit
Hello John - You have several options that I am familiar with. While every company has a few things that are not perfect, the companies below on the B list are good companies, have a good brand and you will get paid. The companies fit the part of a good secondary player. They look at A & B credits. Lease Corporation of America Marlin Navitas Element Balboa If you want to move into tougher credit customers, Start-ups, you have a few option nationally. Time Payment Financial Pacific...
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Re: Leasing Companies who cater to clients with less than good credit
Hello Tony - The big question is how is this companies and owners credit is doing today? The next question is how big is the deal you are working on. This will determine what leasing company may be able to help you out with your deal. You have a few options available that work in the office imaging business: Time Payment - their rates are high, fees are high and they are tough on documentation, but they do approve customers with tough credit. Marlin - Marlin is a big step up from Time...
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Re: Leasing Companies who cater to clients with less than good credit
We used Marlin several months ago for a customer we could not approve through 6 other sources. My client has been happy with the Customer Service and billing so far. It was a production deal too which made me happy to get them approved.
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Re: Leasing Companies who cater to clients with less than good credit
If I had no other choice except Marlin, I MIGHT consider using them but I also might seriously consider just walking away. Yes they are that bad. You might do a search on this site and read some of the horror stories. Just pray that your customer always pays on time and does not ever wish to terminate early (he can't). You will also be competing against Marlin at the back end.
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Re: Leasing Companies who cater to clients with less than good credit
We have been using CoActiv (now element) for deals with lower credit and also Leaf has been pretty good for us. I refuse to use Marlin now as we have never had good dealings with them. I did run across Providence Capital the other day and had a deal where the customer had no credit whatsoever and the customer came up with a solution where they would lease the system for 24 months but would put down a deposit of something like 2,500.00. They accepted these terms but 4 months later we still...
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Joed19671
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Re: Customer Hand Holding
yes, I agree, great topic! If you are dealing with CIT and USXL, they have to be notified not less than 90 days prior with the Letter of Intent. I have had a few of my customers send the certified letter one month after they signed the lease with CIT and USXL. So far no problems and and you we have had some of these come to term. I am trying to stay away from "window terms" not less than or not nore than "x" amount of days. Just yesterday in order to get a deal done I HAD (only company to...
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Re: Customer Hand Holding
I've had several of those deals in the past of having to use Marlin, but I did not know they had a clause for a $1 lease. Guess that is why I do not use them very often. I don't think that the leasing company is the issue as much as it is customer relations. Bigger companies with multiple machines on the contract need more pampering than your smaller deals with one machine.
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Re: good leasing rates
We close to what Larry states, I believe Marlin has some of the highest rates around and the stink at the end of the term. My advise, don't write a Marlin lease unless you don't want your customer to buy from you again.
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Re: good leasing rates
Like Art said, you have to find someone other than Marlin. It doesn't matter who you go to because there is noone worse. I won't reiterate the reasons here...do a search of of this site for Marlin and you will come away scared. They have cost me thousands of dollars.
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Re: If you are using Marlin Leasing...
Heads up on another scam from Marlin. We used Marlin in the past for "b" rated customers since our primary vendor would not accept them. We just received a trade up figure on one of these customers and when we went to book the new deal through Marlin, they notified us that they will no longer do business with us because of our high customer default rate (this is the first we were even told this) and to top it all off, I had to buyout the lease and take a good customer through another vendor,...
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Re: How do you replace a 700P with SR85 Bookletmaker
Thanks for the input. I had thought through all of that and may have to go that way. It's hard to exchange a $100,000 sale with a $20,000 sale. Marlin Leasing, so far, is wanting $28,000 for the equipment that I'm sure I can buy for less than $10,000 and 4 million fewer copies. There is a Fiery driven 6513 in this mess also. If I thought I could find a used SR85 I would just buy used everything and put it out for 24 months but I have my doubts about finding an SR85.
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Re: Marlin Leasing Doing the Dirty Deed to Dealers?
I have not, but we don't use Marlin, & I don't know of any major competitors in our area that use them as one of their primary leasing partners.
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Re: Marlin Leasing Doing the Dirty Deed to Dealers?
Marlin is the bottom of the heap as far as scruples go and anyone who uses them deserves what they get.
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Re: Marlin Leasing Doing the Dirty Deed to Dealers?
Our dealership has had a great relationship with Marlin over the last two years. They are a publicly traded company and act like one in the dealings we have had with them. We have built a multi-million dollar portfolio with them and couldn't be happier. I would ask your source for proof and talk to your Marlin Biz Dev Manager.
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Re: Marlin Leasing Doing the Dirty Deed to Dealers?
Until you reach the end-of-lease issues, you really can't judge any leasing company and especially Marlin. We developed a business model that Marlin agreed to and had their attorney's draw up in an agreement. We signed and returned but failed to get a signed copy back. That's all Marlin needed to renege on everything. It was a contract drafted by their people that they would not honor in the end. If they made you any promises, get it in writing and get a signed copy returned.
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Re: Marlin Leasing Doing the Dirty Deed to Dealers?
I also will add that I do know Marlin is, and probably has for years, sending letters to the customer about a year out talking to them about buying the equipment from them before the lease expires. I'm quite amazed at the short sightedness of this as one, they will lose dealers for a quick sale with a buyout, and two, instead of writing a new lease quickly they will now have a situation where the customer will keep the equipment for several or many years past the expiration of the lease.
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Re: Marlin Leasing Doing the Dirty Deed to Dealers?
David: My information comes from a dealer principal that I've known for twenty years. He called me to help him get the word out, you know the drill, "bad news travels quicker than good news". I can also tell you that this dealer also HAD a long relationship with Marlin and a large portfolio. I appreciate your input and am happy to hear that some are doing well with them.
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If you are using Marlin Leasing...
If you are using Marlin Leasing, you need to be aware of a new gimmick. Because we aren't allowed to ship units back early, we have on occassion sold replacement equipment ahead of expiration and warehoused the old units at our office until we could...
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Governor French Academy sues over copier/printer leases
Governor French Academy sues over copier/printer leases5/27/2009 3:34 PMBy Kelly HolleranGovernor French Academy has filed suit against a Washington County resident, alleging the academy was frauded out of large sums of money.GFA claims Kevin Welch...
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good leasing rates
we are a smaller dealer and have only dealt with marlin leasing have rate chart with fmv 60 mo. .0207 is that competitive with what everyone else is seeing?we only do maybe 30 percent leasing compared to in cash deals but when it does come to leasing...
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Marlin Leasing "Updates"
Due to the continued disruption of the financial markets, Marlin will be implementing changes which affect our application acceptance policies effective March 1, 2009. Marlin will only process applications from existing Marlin customers (lessees)...
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Marlin Business Services Corp. Reports Operating Results (10-Q)
Marlin Business Services Corp. (MRLN) filed Quarterly Report for the period ended 2009-09-30.Marlin Business Services Corp is a nationwide provider of equipment leasing solutions primarily to small businesses. Marlin finances over 60 categories of...
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Need leasing help!
I've got a large deal, not overbooked for about 180k for a large AEC in NJ. As we all know AEC has been off the last two years, does anyone have any alternate lease sources that may approve this deal. Company is private has lost money last two years,...
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Best Leasing Company
Just a quick question. We are in search of a good leasing company. We are in the process of leaving the services of Marlin and need a replacement. Thanks in advance...
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MFP Leasing Companies
Hey Gang, Trying to compile a list of banks and leasing companies that support the MFP industry. Am I missing anyone on this list? Element Financial GE Everbank Leaf Cease Corporation of America (LCA) Macquarie Equipment Finance / Huntington Bancshares Marlin Navitas Lease Corp RCAP Leasing US Bank Wells Fargo CIT Great America DLL Grenke Leasing Balboa Capital Ascentium Capital Business Systems Leasing Ervin Leasing / UniFi Equipment FInance Team Financial Group PNC Thanks! Jake
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Marlin Digital installs a Ricoh Pro C7110x and Pro 8100
23 November 2015 Marlin Digital installs a Ricoh Pro C7110x and Pro 8100 RICHMOND HILL, ON—Marlin Digital Imaging Inc., a full service print solutions provider has installed a Ricoh Pro C7110x and Pro 8100 to their fleet of existing Ricoh printers. Raffi Stepanian, operations manager at Marlin Digital Imaging Inc. The C7110X offers 90 ppm high speed full colour production with a maximum sheet size of 13” x 27.5” and the monochrome 8100 offers 1200 x 4800 dpi resolution, 40 gsm to 300 gsm...
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Marlin Leasing Doing the Dirty Deed to Dealers?
Heard from an excellent source that Marling Leasing is contacting existing clients and emailing them rate factors and taking the dealer out of the transaction for equipment. I'm hoping to have more from my source, was suppose to email me more. Has anyone else seen or heard of this?
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Marlin Does Not Disclose Possible Loss Of Evergreen Payments
Should the State of California declare Evergreen non-notification of the original term of the lease illegal, it will be a serious blow to Marlin Business Services (MRLN). Evergreen clauses are illegal in four states, meaning automatic payments cannot...
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Companies who utilize Evergreen Clauses for Extra Lease Payments
Companies who utilize Evergreen Clausesfor Extra Lease Payments(Copier Leases)by Christopher MenkinThese companies use language in their purchase options to confuse, perhaps to deceive, with the result an automatic continuation for an additional...
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Wipro Partners With Xerox on Enhanced Document Imaging
Wipro Gallagher Solutions (WGS) has announced its integration with the Xerox Mortgage Services BlitzDocs intelligent collaborative network to provide lenders with improved communications and enhanced document imaging. The partnership seamlessly integrates WGS’ NetOxygen LOS loan origination software with BlitzDocs’ electronic loan folder (eFolder). BlitzDocs advanced security settings enable all industry participants – lenders, due diligence providers, MI companies and more – to collaborate...
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Need Help! Leasing approval
I have a construction company 3 months in business, personal is good, bank, trades however four of our sources will not consider construction companies. We have tried USXL, DLL, Marlin and Key.Does anyone have any other resources????Thanx
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Marlin Leasing
Heard this today, that Marlin is no longer taking apps from Real Estate Agencies.
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Marlin Business Srvcs Hit Hard
Marlin Business Srvcs Hit Hard Posted Tue Nov 25, 10:13 am ETPosted By: Neena MishraMarlin Business Services Corp. (MRLN) is a provider of equipment financing to small businesses, through its principal operating subsidiary, Marlin Leasing...
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RICOH helps Miami Marlins save cost through invoice processing
DECEMBER 17, 2013 | INVOICE AUTOMATION , NORTH AMERICA IT decision makers and business unit leaders have identified “information mobility” as a need for a productive workforce. In a recent online survey among select industries in the U.S. commissioned by Ricoh , a global technology company, 9 out of 10 respondents said information mobility is not just nice to have, but in fact “ necessary” for their employees, and nearly half characterized it as “ very necessary. ” This also the case at the...
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Xerox Survey Reveals Compliance Pressure Impacting eMortgage Initiatives
ATLANTA--(BUSINESS WIRE)--December 18, 2013--Pressure to comply with industry regulations and standards is the greatest factor impacting eMortgage and paperless initiatives, according to 88 percent of respondents in Xerox's (NYSE:XRX) ninth annual...
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How Sales Teams Can Use Social Data to Reel in the Perfect Lead
#Instagood. #DebateNight. #tbt. #ICYMI, social media rules. With an increasing number of hashtags, trending topics, and shares, the social sea is flush with leads. But while all of that data can be incredibly useful, the crowded waters have made it difficult for business leaders to tell a minnow from a marlin. When casting a net for legitimate sales leads, social data is indicative of a lead’s interest level or readiness to consider a category of products. This information can help you...
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Governor French Academy files another suit alleging fraud in copier lease
Governor French Academy files another suit alleging fraud in copier lease8/11/2009 9:10 PMBy Kelly HolleranA St. Clair County company has filed a second suit this year over allegations another business should have known of a man's attempts to defraud...
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NXT GEN Technologies Has 20/20 Vision For Keeping IT Simple & Secure
MIAMI , Jan. 14, 2020 /PRNewswire/ -- NXT GEN Technologies is a leader in the cyber security, data management and networking space. The company utilizes its innovative, proprietary D.O.M.E™ process to establish roadmaps for its diverse base of clients to implement IT best practices including security, cloud migration and enablement and other networking applications. NXT GEN established a higher standard in protecting and managing corporate data. Founded in 2018 by Paul Mansur , NXT GEN's...
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Canon Participates in the University of Miami's Coral Reef Restoration Project
MELVILLE, NY, December 19, 2019 – Canon U.S.A., Inc., a leader in digital imaging solutions, and its wholly owned subsidiary, Canon Solutions America, Inc., announce Canon Solutions America’s participation in a Coral Reef Restoration Project, spearheaded by the University of Miami’s Rosenstiel School of Marine and Atmospheric Science. The environmental sustainability initiative launched on November 20 with university scientists, students, and Canon team members embarking on a collaborative...