YESCO has created a Financial Solutions division to provide financing to its sign and lighting customers throughout the nation.
According to Salt Lake City-based YESCO, it has been leasing signs to customers since at least 1922. The creation of YESCO Financial Solutions formalizes its intent to offer in-house financing to its customers. The move transfers the financial responsibility from the sign-making and installation side of the business and puts in place a specialized group to give additional expertise and emphasis to leasing and financing.
Tony Hull, a former banking executive, has been named president of YESCO Financial Solutions.
"YESCO's financing offerings give our customers the ability to manage cash flow," Hull said. "Being able to expense the cost of a sign over time allows a company to preserve precious capital for other purposes. YESCO customers can get a great new sign and begin attracting consumers to their business while retaining cash to hire employees, purchase inventory or meet other needs."