Quarterly Report for Fidelity Capital, a company that specializes in equipment financing & leasing for the medical, technology, manufacturing, transportation, and cloud computing industries.
2. Overall Growth
Small Ticket Applications ($75,000 to $250,000)
Increased approval ratio from 87% to 91%
Sector growth in Technology, Medical, Cloud
Computing…
Internal IT infrastructure Improvements
Sales staff increased 10%
3. Medical Equipment Financing
a slight increase in applications in the first quarter over
last year, with 89% Approval for medical offices,
hospitals, doctors…
4. Technology Equipment Financing
Growth in the Technology sector has been steady with
an increase of 10% in applications from last year. We
have been able to get 92% of those deals approved and
funded.
5. Transportation Equipment
Financing
With our target market expanding into different
sectors we have seen a 84% approval ratio with the
trucking industry. The industry includes long and
short haul trucking.
6. Manufacturing Equipment
Financing
It seems that US Manufacturing has increased recently
with a 27% increase in applications for equipment
such as CNC Machines (mills, lathes etc) along with
semiconductor manufacturing equipment. Approval
ratio in this space was 92%.
7. Dental Equipment Financing
This sector hasn’t shown us much growth it has
actually had a slight decline of 5%, we are still
optimistic that this sector will show some growth after
Tax season.
8. Cloud Computing Financing
Of all sectors, this has been Fidelity Capital’s forte.
Having had a presence at the web hosting convention
in 2014 and a diverse array of customers in this space,
Fidelity Capital has been able to get 96% of these deals
approved.
9. President’s Outlook
With more than 16 years in business, Fidelity Capital
has improved its foothold on the leasing and financing
market. The company continues to expand and
improve the customer experience in all of its services.
With the United States economy growing at a
blistering pace, Fidelity Capital has shown the ability
to stay ahead of the demand and meet the needs of its
customers.