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ICON offers customers attractive financing arrangements for all types of equipment:
ICON allows its customers to finance their capital expeditures by making fixed cash payments over a set period of time without having to contribute a down payment. These financing arrangements can be structured to accomodate a variety of economic, tax, and accounting objectives including off-balance sheet treatment under FASB and IAS accounting standards. Upon expiration of the financing term, customers may select from a range of options including an equipment purchase, return, or extension. Companies have many different reasons for financing equipment, and ICON prides itself on working closely with its customers to develop the optimal financing structure that will enable its customers to satisfy its objectives.
A company looking to restructure or recapitalize its balance sheet, increase its working capital, or expand via asset acquisition or merger, should consider a sale and leaseback on existing equipment.
By selling an asset to ICON and leasing it back, a company's day to day operations remain otherwise unchanged as it continues to enjoy the use of the asset (only without ownership) while making fixed cash payments to ICON over a set period of time. Upon expiration of the financing term, the company may select from a range of options including an equipment purchase, return, or extension. By utilizing a sale and leaseback financing arrangement, the company can take advantage of the following benefits:
ICON will lend against various asset types (including real estate, generic equipment, and even specialized tangible and intangible assets) at higher LTV (Loan Amount-To-Asset Value) ratios than most conventional lenders. ICON prides itself on working closely with companies to develop optimal financing structures to satisfy their objectives.
In short, ICON is a responsive and flexible financier, with the ability to close quickly and pay all cash.
For customers that require constant or multiple equipment installments or equipment refreshes, ICON offers flexible vendor programs. We negotiate a Program Agreement with the customer, whereby a total amount of financing is agreed upon and funded by ICON, allowing the customer to periodically order equipment without the need for future administrative burdens. ICON works with each customer to address their specific requirements and implement a customized solution.
Equipment Supply and Management Services
ICON partners with IT manufacturers and distributors to offer its customers a suite of leading edge products and services. This combined with ICON's pre-delivery, on-site delivery and removal, and post-delivery services, allows our customers to focus on their core competencies. ICON's single source solution reduces the cost and administrative inefficiencies of dealing with multiple resources.
Pre-Delivery Services
ICON has an experienced team of customer service and administration representatives that have been with ICON for many years. We provide warehousing, configuration and asset-tagging services, software imaging, project management, and rollout and refresh planning.
On-Site Delivery and Removal Services
There are many variables when it comes to delivering a product to the customer:
These are just a few of the on-site delivery services we perform for our customers.
Post-Delivery Services
ICON's focus on maintaining, monitoring and assessing equipment performance throughout the life of the asset minimizes network downtime, which maximizes resource capacity. With mounting challenges on several fronts, IT network and resource issues should not be at the forefront of running a business; satisfying customers and end-users while allowing the business to sustain a competitive advantage should.
Asset Management Services
ICON's Periscope asset management software is a Web-based application that provides ease of use, familiarity, and multi-user access. Periscope provides an online inventory of all equipment on lease with ICON including details such as serial number, cost center, and location of each asset. ICON will capture asset data to your specifications at lease inception. Through scheduled refreshes performed at agreed-upon intervals, the inventory is maintained in an accurate, up-to-date status. Periscope combines financial, location, asset, and configuration data in fields defined to match your needs. It provides the ability to track changes, forecast for upgrades, and allocate costs as required. Powerful search, display and export features provide immediate use of inventory data and asset details for decision support.
We work with our customers to establish a specific process to meet their detailed requirements.
ICON creates value for customers by providing them with customized solutions that allow them to run all aspects of their business, emerge from challenging market positions, or simply grow their companies. We are committed to delivering and maintaining the highest levels of customer service and satisfaction.
Contact ICON today for your own value-added financial solution.