Key Equipment Finance shares equipment finance benefits for ESOPs at conference

September 30, 2016 Leave a comment

When it comes to the question of how Employee Stock Ownership Plans (ESOPs) should pay for required equipment or upgrades, there is rarely a single, best answer. Equipment financing options vary depending on each ESOP’s financial objectives, whether optimizing cash flow or tax savings.

“It’s definitely something people still need education on in terms of what is available to them and what the benefits are, as opposed to just paying cash," said Kathy Havlik, who was part of a team from Key Equipment Finance attending the recent Multi-State Employee Stock Ownership Plan (ESOP) Conference in Wilkes-Barre, PA, to educate several hundred participants on the benefits of equipment financing for ESOPs.

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Benefits of equipment financing a surprise for some ESOPs

October 01, 2015 Leave a comment

Key Equipment Finance was on hand at a recent Multi-State Employee Stock Ownership Plan (ESOP) Conference to educate some of the 350 participants on the option of using financing to acquire equipment.

"A lot of the attendees didn't know there was an alternative way to acquire equipment," said Kathy Havlik, vice president, Key Equipment Finance, who attended the 20th annual conference in Wilkes-Barre, Pa. "Many ESOPs are only aware of using debt or their lines of credit to acquire the equipment they need. It was an education to say, 'there are alternative ways to acquire assets.'"

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With ESOPs, no single best answer for how to pay for required equipment

June 10, 2015 Leave a comment

The employee stock ownership plan (ESOP) today represents a wide variety of companies, with construction, engineering and manufacturing the most common.

Started about 60 years ago when employees of a California-based newspaper bought the entire chain and became its owners, ESOPs today employee about 10.3 million people and account for about 10 percent of the country's private sector workforce.

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  • Key Equipment Finance shares equipment finance benefits for ESOPs at conference

  • Benefits of equipment financing a surprise for some ESOPs

  • With ESOPs, no single best answer for how to pay for required equipment

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