GE US Equipment Financing Appoints New Marine Sales Leader
GE US Equipment Financing has appointed Steve Isaacson as National Sales Leader. Isaacson is a veteran of the commercial marine finance industry, joining GE in 2001 after a 15-year career managing SAFECO Credit’s national marine group in Seattle. Isaacson had served the past two years as the northwest regional sales manager for GE USEF. “Steve’s extensive industry expertise in Marine financing will help us provide our marine industry customers with a more customized set of solutions across the spectrum of financing needs including new and used vessel acquisitions, vessel re-power and upgrade projects, fleet acquisitions, growth capital, working capital, balance sheet management and recapitalizations,” said Juan Corsillo, vice president of marketing and strategic initiatives for GE USEF.
Finance: Equipment Leasing: A Viable Financing Option for Marine Industry
By James W. In recent years maximizing budget dollars has become an increasing concern for many businesses. Fortunately marine assets have long, useful lives, but the debt required to finance their acquisition often creates a strain on the operator's balance sheet and cash flow. According to the Equipment Leasing Association (ELA), 8 out of 10 businesses in the United States lease some kind of equipment. However, fewer know that leasing, accomplished through a bare-boat charter, is also a smart business decision for obtaining vessels. Because marine assets have long lives, lease payments can be relatively low. Companies can use these cost-savings to improve day-to-day cash flow or to gain a competitive edge by passing the cost-savings along to customers.
