Dear Web Visitor:
Welcome to our Web Home. Even though many of you who will visit our website routinely know our business very well, we still have the goal of creating a website that would be more than a postcard of Pawnee Leasing Corporation. Rather, we want it to be fresh, useful and unlike any other in the leasing industry. What you will find beyond our home page will be a wealth of information and resources created especially for the equipment leasing broker including:
- Current broker package including our 2008 Broker Guidelines and Buy Rate Schedules
- Secure on-line Lease Documentation preparation program
- The industry's first "Online Training Center" offering several hours of on-line video and audio lease sales training. These are available to you at no cost and feature the finest leasing trainers in the industry, Gerry Egan and Linda Kester.
- Profiles on many of our staff so you can "see" and get acquainted with your Pawnee team
- Photo album of our company events
- Selling tools unique to our business segment
- Electronic library of our company newsletter
- Company announcements
- Current marketing promotions
- And much more
One hint, I highly recommend exploring the video and audio training features. Even the most seasoned leasing salesperson can benefit from our "On-Line Training Center". Presentations encompass the 101's of lease marketing that we all need to be reminded of from time-to-time, teachings on addressing common objections in small-ticket leasing such as personal guaranty's, overcoming rate, dealing with objections to ACH, selling our unique "term residual lease" product, the use of commitment agreements, how we do credit and detailed leasing sales instruction. Many of our brokers have used these valuable features in regular training programs with their new and tenured salespeople.
For those of you who have not previously known us as the leading niche funding source in the leasing brokerage community, I'll offer you some insight about our company. Pawnee Leasing is a national firm that specializes in providing lease products to start-up companies and other firms that have been in business for some time but have experienced some credit difficulty in their past. We even offer leases to prior bankrupts who can demonstrate that they have re-established credit after their discharge. All of our brokers consider our services valuable in helping them to differentiate their firms from the traditional leasing sources with their vendor relationships and lessee customers. Our services provide a niche of underwriting that is unique. We purchase all our leases through equipment lease brokers located throughout the lower 48 states.
We pride ourselves in providing answers for difficult financing situations and use a subjective approach in making credit decisions. We consider ourselves dealmakers and approach each application with the question, "How can we make a deal?" Our credit analysts are always available to our brokers to discuss the "story" and to consider alternatives for completing transactions. While our decisions are primarily based on the credit record of the personal guarantors, which are required on all our leases, we will consider hard assets as additional collateral and increased security deposits to offset credit risk. In spite of this non-automated, non-scoring approach, our average response time for all applications is less than 3 hours. Our documentation department enjoys a reputation for speedy closings while maintaining a personal touch. I encourage you to meet the people who make us successful by exploring the "Meet the Staff" tab which has photos of our entire team and personal biographies on many of us. We believe that personal business is the best business and we want to become better acquainted. We are active, supportive and participating members of several trade associations including the NAELB, UAEL and EAEL.
2008 mark our 26th year serving the equipment leasing industry. Despite being considered a funding source of a higher risk market, our business model and experienced team of employees has allowed us to earn a commendable reputation as one of the few "able and stable" funding sources through numerous industry credit cycles. We are proud to have a long-time credit facility provided by a bank syndicate group lead by JPMorgan Chase Bank,NA. Our parent, Chesswood Income Fund, a public income trust in Canada (www.chesswoodfund.com), acquired Pawnee Leasing Corporation in May 2006 and has been a prudent catalyst to our continuing success. Our access to the public markets and strong banking team are a positive affirmation to our employee team and business model, assuring you that Pawnee Leasing can be relied upon for many years to come.
If you are interested in knowing more about our company or wish to apply for a lease or to become one of our approved brokers, please go to the "Contact Us" tab. We look forward to receiving your inquiry and I assure you that you will receive a prompt response. Thanks again for your interest in us.
Sincerely,
Gary H. Souverein, President & COO