The Banyan Group, Inc. Financial Services 800 610-1728

Financial Services:
Business Equipment Leasing Services - Banyan Group

Born out of necessity, Banyan has found several sources that can provide funding for business equipment leasing, factoring and payroll services.

If you have any experience in dealing with FEMA, Government Contracts or Emergency Disaster scenarios, then you know from experience that payment for services doesn't always come on the exact day you expected. Having a relationship with the right financial partner can make all the difference between your success or your failure. The companies that we use are experienced industry experts and will give you the personal attention your unique situation deserves.

Equipment Leasing Services:
Many companies do not have the cash on hand to pay outright for the equipment they need and rental of the equipment is either out of the question or just doesn't make good financial sense. The solution can be found in finding a dedicated leasing company that will provide comprehensive commercial equipment leasing programs. In many cases commercial financing programs are available to accommodate equipment leasing requests from $5,000 to $30,000,000.

Factoring Services:
lower your risk by factoring - Banyan

Sometimes you find yourself in an interesting dilemma. Your company is on the ground with contract in hand with your payment and profit just around the corner but cash on-hand and cash flow is tight. How do you keep the work going between now and then with minimal risk of losing the contract for lack of performance? The solution maybe Factoring.

Factoring is a financial transaction where a business sells its accounts receivable (such as its invoices) to a third party (known as a factor) at a discount in exchange for immediate money with which to finance continued business.
Factoring differs from a bank loan in three main ways.
1) the emphasis is on the value of the receivables which in essece is considered a financial asset and not a company's credit worthiness.
2) factoring is not a loan – it is the purchase of a financial asset (the receivable).
3) a bank loan involves two parties whereas factoring involves three (you the factor and the company issuing the invoices).

Payroll Services:
Payroll Services - The Banyan Group

The cost and time involved in doing payroll can put a real stress on your company especially when you have sudden increases as you typically do when you land a government contract. You could hire an expensive accounting firm to do the work or take the time to do it yourself and risk underpaying or overpaying taxes, workman's comp and SSI. The easy solution is to hire a company who specializes in doing just that. The key is hiring the right one. The company that we work with has been doing payroll services for small and medium sizes business for over 20 years.

Contact BANYN for information: 800 610-1728 or email