Leasing Resources Inc., of Wichita, Kan., is celebrating its 20th anniversary this month. Bill Maples, president of the company, started the business with two partners but bought out their shares within the first year.
Maples says that he has seen many changes in the Equipment Financing and Leasing industry over those 20 years. In his 28 years in the industry, Maples says that he has financed or leased about every type of equipment. A few of the most unusual pieces include: a curb-making machine used on golf courses, a granite precision measuring table used for aircraft parts, a cucumber harvester in southwest Missouri and a 40' long collator for a printing business.
The company has grown at least 10% every year, except after September 11. In 2002, Leasing Resources Inc. amounted to half of what it was the previous year.
Leasing Resources numbers are up 37.7% more than the same time period last year. Maples attributes this to the banks tightening their credit standards and exposure. This tightening has sent customers to find sources to finance or lease their equipment. One thing that has helped Leasing Resources grow has been joining One World Business Finance. One World is a cooperative of 25 brokers that has pooled their specific expertise and funding sources to benefit all of the members.
Maples has sold Leasing Resources to his cousin Mr. Darcy Claycamp of Blue Rapids, Kan. Maples will be staying on as a consultant for 2 years. He is pursing other business activities such as a CMEA – Certified Machinery Equipment Appraiser and CSBA – Certified Senior Business Analyst.
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