Fidelity Capital Releases Report for First Half of 2024
Astro Bug/10282273
Trending...
- Cyrus Webb and Conversations Media Group Providing New Opportunities for Authors and Creatives to Shine and Thrive
- PRP Aviation Earns Prestigious "Platinum Cirrus Training Center" Designation
- Inframark Acquires Cornerstone Properties, Inc., Expanding Community Management Services in Arizona
Company sees continued strong growth of its customer base across the board
IRVINE, Calif. - AstroBug -- Fidelity Capital, a company dedicated to providing simple and trustworthy equipment leasing and financing services for a variety of industries, recently released its first half of 2024.
The numbers show growth and improvement in almost every area of service that Fidelity Capital provides. Application-only approvals, for example, are up from $250,000 to $500,000 in most industries. In the technology, bio-tech and manufacturing industries, the company is seeing application-only approvals for up to $1 million.
"With the increase in approvals overall in the first half of the year, we are seeing more and more customers come through the door," said Alan Eppstein, Account Executive at Fidelity Capital. "We have also shortened the processes that customers have to go through to seek an approval for their financing or leasing needs. This means we're giving a better customer experience to more customers overall, and the results speak for themselves in our first quarter report."
More on Astro Bug
Fidelity Capital has also had some significant internal growth. Sales staff has increased by 5 percent, and there have been many new upgrades to the company's IT infrastructure. A new plan will help the company to hire a new telemarketing group to increase its customer service capabilities. With specific targets in mind, this team of telemarketers will help to increase Fidelity Capital's portfolio across all industries and service types.
Additionally, Fidelity Capital has increased the amount of services that it provides to customers. The company has been working with customers in need of working capital. Within the first half of 2024, Fidelity Capital secured nearly $5 million in working capital loans for customers. Finally, the company saw a 35 percent increase in leasing and financing requests from the first half of 2024, and a 65 percent increase of internally funded deals. The goal for the second quarter is to double that amount of internally funded deals.
More on Astro Bug
"The amount of growth that we have seen is fantastic, and we're looking forward to continuing to ramp up," said Eppstein. "Every indication is that 2024 is going to be a big year for Fidelity Capital as we continue to reach out to new customers and help them secure the capital they need."
With more than 25 years in business, Fidelity Capital has improved its foothold on the leasing and financing market. The company continues to expand and improve the customer experience in all of its services. With the United States economy growing at a blistering pace, Fidelity Capital has shown the ability to stay ahead of the demand and meet the needs of its customers.
For more information, including tools to help customers understand leasing and financing and to submit a request for a capex budget, visit www.fidelitycapitalonline.com.
The numbers show growth and improvement in almost every area of service that Fidelity Capital provides. Application-only approvals, for example, are up from $250,000 to $500,000 in most industries. In the technology, bio-tech and manufacturing industries, the company is seeing application-only approvals for up to $1 million.
"With the increase in approvals overall in the first half of the year, we are seeing more and more customers come through the door," said Alan Eppstein, Account Executive at Fidelity Capital. "We have also shortened the processes that customers have to go through to seek an approval for their financing or leasing needs. This means we're giving a better customer experience to more customers overall, and the results speak for themselves in our first quarter report."
More on Astro Bug
- Dr. Lauren Anderson Led a Successful CE Event: Digital Planning and Execution
- "One World in a New World" Amplifies Voices of Transformation, Resilience, and Global Connection
- WalkerHughes Insurance Expands Footprint With Acquisition of Independent Brokers Agency LLC
- Hawk Tuah VIP Shop launches Exclusive Merchandise line for Viral Meme Fans
- Orcas Island Property Owner Returns Two Prime Waterfront Properties to the Market
Fidelity Capital has also had some significant internal growth. Sales staff has increased by 5 percent, and there have been many new upgrades to the company's IT infrastructure. A new plan will help the company to hire a new telemarketing group to increase its customer service capabilities. With specific targets in mind, this team of telemarketers will help to increase Fidelity Capital's portfolio across all industries and service types.
Additionally, Fidelity Capital has increased the amount of services that it provides to customers. The company has been working with customers in need of working capital. Within the first half of 2024, Fidelity Capital secured nearly $5 million in working capital loans for customers. Finally, the company saw a 35 percent increase in leasing and financing requests from the first half of 2024, and a 65 percent increase of internally funded deals. The goal for the second quarter is to double that amount of internally funded deals.
More on Astro Bug
- Maine Coon Maniacs Launches Guide on Maine Coon Cats for Sale in California
- Muench Workshops Welcomes New Partners Luke Dray and Sara Linssen, Announces Retirement of Andy Williams
- NuNorm Announces Stop Soldier Suicide as This Year's EQUAL Grant Recipient
- Darrin Jones: The Creative Force Behind the Trends—Raising Questions About Influence in The Weeknd's Music
- Foresight Practitioner Conference 2025 – Dates, Venue, Speakers, And Competition Finalists Announced
"The amount of growth that we have seen is fantastic, and we're looking forward to continuing to ramp up," said Eppstein. "Every indication is that 2024 is going to be a big year for Fidelity Capital as we continue to reach out to new customers and help them secure the capital they need."
With more than 25 years in business, Fidelity Capital has improved its foothold on the leasing and financing market. The company continues to expand and improve the customer experience in all of its services. With the United States economy growing at a blistering pace, Fidelity Capital has shown the ability to stay ahead of the demand and meet the needs of its customers.
For more information, including tools to help customers understand leasing and financing and to submit a request for a capex budget, visit www.fidelitycapitalonline.com.
Source: Fidelity Capital
0 Comments
Latest on Astro Bug
- PRP Aviation Earns Prestigious "Platinum Cirrus Training Center" Designation
- Cyrus Webb and Conversations Media Group Providing New Opportunities for Authors and Creatives to Shine and Thrive
- Inframark Acquires Cornerstone Properties, Inc., Expanding Community Management Services in Arizona
- Transform Warehouse Operations: Redefining Logistics with Customized Solutions
- NaturismRE Introduces Global Accreditation Standards to Redefine Nudist and Naturist Venues
- Enhancing Campus Safety for Women: The Blue Luna's New Initiative
- More high-priority SIGINT solutions were announced for Krypto1000 SIGINT software
- SCOPY.ME - Revolutionizes Business Strategy Development with AI-Powered Platform
- Moonshot Announces 6th Annual 2025 Rural Arizona Pitch Competition Tour with Bilingual Resources and Mentors
- The Dental Specialists in Newton, MA, Introduces Cutting-Edge 3Shape TRIOS 5 Intraoral Scanner
- Pikmykid Acquires Visitu to Enhance School Visitor Management Solutions
- Project EverGreen's SnowCare for Troops Program Helps Military Families Weather the Winter During Awareness Month in January
- Celebrate Love in Style: Introducing the Signature Summer Bundle for 2025 Weddings
- MileMark Explains Latest ABA Rules On Attorney Advertising
- The Annual Kingdom Day Parade Celebrates 40th Anniversary With Its " 40th Annual Kingdom Day Parade"
- Morningscore Secures $700k in Funding to Build the Next Generation of AI SEO and Expand Globally
- Certified Nutraceuticals Partners with Colorado Researchers for Groundbreaking Study on KollaJell™ and Brain Health
- Preserving Mikaben's Legacy: A Plea For Unity And Respect
- Globally-renowned scholar Dalia Mogahed Joins Origins Consulting Group as Senior Adviser on Islamophobia
- Agreement for $27 Million in Funding for Expanding Clinic Acquisitions and Operations,: NRx Pharmaceuticals, Inc. Stock Symbol: NRXP)