News

CHICAGO, IL – July 13, 2010 – Beacon Funding launched a new online tool for equipment dealers and manufacturers to easily promote equipment financing to their customers. The online Equipment Financing Center can be incorporated into an equipment dealer's website with little effort, no cost and no ongoing maintenance.

More than ever, equipment manufacturers and dealers are faced with intense competitive and economic pressures. Dealers need to offer their clients affordable payment options to help companies acquire the equipment they need.

"An increasing number of businesses are researching potential equipment purchases online. Therefore, Beacon has developed a comprehensive web-based financing suite providing equipment dealers a simple, free and effective way to educate their clients on their competitive equipment financing options. Beacon's Equipment Financing Center has proven to be the ideal alternative for dealers who do not have the time, budget or expertise to develop their own online financing solutions. We continue to receive feedback from our dealer partners who are pleased with the lead activity the Equipment Financing Center has generated for their own sales teams," states Toby McDonough, Beacon Funding VP of Sales and Marketing.

Beacon has taken a private label approach to its Equipment Financing Center, customizing each to have the look and feel of an equipment dealers existing website. With a few clicks of a mouse, potential buyers can easily estimate monthly payments, tax savings and return-on-investment right from the equipment dealers own website. In addition, the Equipment Financing Center is in constant synchronization with Beacon Funding so that estimates are always up-to-date.

While the Equipment Financing Center appears as an integral part of an equipment dealer's website, Beacon hosts the application and keeps all contents current. As a result, implementing the Equipment Financing Center can be as easy as adding a financing link and a single line of code to an existing website.

CHICAGO, IL – May 6, 2010 – Beacon Funding resolved to increase the level of client and partner confidence by becoming a Better Business Bureau (BBB) Accredited Business. The BBB is a nonprofit organization that exists so consumers and businesses have an unbiased resource to guide them on issues of trust in the marketplace. Businesses that meet the high standards set by the BBB are invited to apply for accreditation.

“Beacon Funding was founded with the goal of providing equipment financing programs to under-serviced small businesses. Being a BBB Accredited Business signifies a renewed pledge of trust and reliability to those businesses. It is another way we can show that treating our clients honestly and ethically is a primary goal of our company," said founder and CEO Sam Oliva, "We pride ourselves in having the highest rating possible, A+.”

If a business has been accredited by the BBB, it also means the BBB has determined that the business has pledged to make a good faith effort to resolve any consumer complaints. In addition to the accreditation, Beacon Funding earned the Better Business Bureau Complaint Free honor for 2009. Read more about these Accreditation Standards online at the Better Business Bureau website.

"We look forward to using the tools the Better Business Bureau provides to maintain an open dialogue with business owners applying for equipment financing," added Oliva.

Woodstock, IL, April 12, 2010 - Industrial oven and prefabricated shelter manufacturer Precision Quincy Corp. today introduced a new leasing and financing program aimed at helping new and existing customers who are looking to upgrade or procure new equipment. This Precision Quincy leasing program offers flexible financing options to companies at a time when limited working capital is often an issue.

"In today's competitive environment, it is absolutely essential that we make every effort to provide flexible financing programs that are sensitive to the specific needs of our customer base." said John J.W. Guanci, III, President of Precision Quincy Corp.

Precision Quincy Corp. has partnered with financial solutions provider Beacon Funding Corporation to implement the leasing program.

Beacon's Jeff Armstrong said, "Many companies are delaying equipment acquisitions due to a lack of financing options. The Precision Quincy leasing program allows business clients the ability to acquire new or upgrade equipment with a simple turn-key lease option when a cash purchase and/or traditional bank financing are not available. Beacon can approve most of Precision Quincy's customers with just a simple one-page lease application."

About Precision Quincy Corporation
Precision Quincy Corp. (www.precisionquincy.com) is a leading manufacturer of industrial process ovens and prefabricated equipment shelters. Headquartered out of Woodstock, IL and in business since 1943, the company's products continue to serve a wide variety of industries and applications.

CHICAGO, IL - February 10, 2010 - In 1990, Sam Oliva, CEO of Beacon Funding, founded Beacon in an effort to fill a void he saw in the equipment financing marketplace. Commenting on the company's origins, Oliva said, "My goal was to provide small businesses, struggling to secure traditional financing, capital to acquire the equipment they needed to grow and prosper." Twenty years later, Beacon's original focus remains unchanged; provide equipment financing programs to the business clients of its industry-leading equipment vendors partners and commercial bank partners.

Over the years, Beacon Funding has provided hundreds of millions of dollars in equipment financing to tens of thousands of businesses throughout the United States and North America. Because of Beacon’s outstanding reputation in the markets it serves, nearly one-third of ongoing business is with repeat clients.

"I am pleased with the progress our business has made. By concentrating on the niche markets we serve, Beacon has been successful in differentiating itself by building strong relationships while avoiding some of the troubles experienced by many other general lenders in our current recession. We would not be starting our third decade in business if it were not for the support of all our business clients and valued referral partners. Now is a great time to say thank you and commit to excellence in support and service for the next twenty years."

IMMENSTAAD (Germany) and CHICAGO, September 9, 2009 - Innovations Software Technology, a member of the Bosch Group,today announced that Beacon Funding, a leader in the equipment financing and leasing services industry, has chosen Visual Rules Enterprise Platform to automate leasing applications.

A challenge facing many equipment lenders is keeping their sales team and underwriters informed and educated in today's constantly changing credit market. Using Innovations' Visual Rules has enabled Beacon Funding to take approved credit parameters and build a platform for the automation of leasing applications, workflows and integration into various rating agencies and databases.

Toby McDonough, Beacon's Vice President of Sales & Marketing , said "our goal remains to provide our business clients and equipment dealer partners with best-in-class service. Shortening the decisioning time on each credit application assists our vendor partners in selling more equipment. While human eyes will still review each Beacon credit application, adding the Visual Rules technology to our underwriting process will not only improve turnaround times, but allow our organization to make higher quality, more cost-effective credit decisions. The end result is a more competitive equipment financing program for our business clients."

"We are pleased that Beacon Funding has selected the Visual Rules Enterprise Platform to enable growth, and benefit from the use of our technology in this critical area of their business," said David Kim, Managing Director and CEO for Innovations Software Technology. "We look forward to continued success at Beacon Funding and are excited to be their partner."

Beacon Funding, Chloride Partner on UPS Leasing Program

July 31, 2009 - (MonitorDaily.com) - Beacon Funding Corporation has entered into a program agreement with Chloride North America, a London-based electronics manufacturer, to provide leasing solutions for Chloride's high-power UPS systems.

The program features a lease-to-own option that allows Chloride partners to facilitate acquisition of UPS systems with flexible financing at a time when customers are confronted with limited working capital. The program will be implemented by Beacon.

"Many companies are delaying equipment acquisitions due to a lack of financing options," said Beacon Funding's Jeff Armstrong. "The Chloride leasing program allows business clients the ability to acquire new or upgrade equipment with a simple, turn-key lease option when a cash purchase and/or traditional bank financing are not available."

"Chloride's new program is an economical means for customers to stay ahead of the technology curve by acquiring superior UPS technology and timely infrastructure upgrades," added Yolanda Hernandez, director of marketing, Chloride North America. "Upfront costs are reduced by as much as one-hundred percent with all hardware, software, accessories, training and maintenance bundled into a single, easy to manage lease package."

Del Medical Systems Group Announces Del Medical Leasing Services

Del Global to Partner with Beacon Funding to Offer Lease Options

Franklin Park, IL - May 7, 2009 - Del Global Technologies Corp. (OTCBB: DGTC) ("Del Global" or "the Company") today announced that the company has partnered with Beacon Funding Corporation to provide the Del Medical leasing program which is currently being rolled out to Del Medical dealers nationwide.

The program provides a lease-to-own option that allows Del dealers to facilitate sales and provide more diversity for financing at a time when customers are trying to manage working capital more efficiently.

Mark Zorko, Chief Financial Officer of Del Global said, "No matter how beneficial it might be for customers to install equipment in their operations, we're still dealing with tight credit markets and a lack of available funding instruments. This exclusive leasing program complements our product portfolio to help our customers with financing."

Beacon's Shari L. Lipski said, "Many companies are delaying equipment acquisitions due to a lack of financing options. The Del leasing program allows business clients the ability to acquire new or upgrade equipment with a simple turn-key lease option when a cash purchase and/or traditional bank financing are not available."

Del Medical leasing program information is available through Del Medical dealers. For more information, please contact Jeff Armstrong at (800) 866-6396 or JArmstrong@beaconfunding.com.

About Del Global Technologies
Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of high performance diagnostic imaging systems for medical, dental and veterinary applications through the Del Medical Systems Group. Through its U.S. based Del Medical Imaging Corp. and Milan, Italy based Villa Sistemi Medicali S.p.A. subsidiaries the Company offers a broad portfolio of general radiographic, radiographic/fluoroscopic, portable x-ray and digital radiographic systems to the global marketplace. Through its RFI subsidiary, Del Global manufactures proprietary high-voltage power conversion subsystems including electronic filters, high voltage capacitors, pulse modulators, transformers and reactors, and a variety of other products designed for industrial, medical, military and other commercial applications. The company's web site is www.delglobal.com.