Taycor Financial One of Top Five in State

Taycor Financial, Culver City – Provides equipment leasing and financing. Grew 4,854 percent in five years. Had sales of $11.9 million in 2001.

http://www.taycor.com/  (member UAEL)

Taycor Financial, Culver City – Provides equipment leasing and financing. Grew 4,854 percent in five years. Had sales of $11.9 million in 2001.

Taycor Financial achieved some 4,854 % growth in the past five years, with sales growing from $241,000 in 1997 to in $11,938,000 in 2001. Taycor Financial is in the business of Leasing & Financing Capital Equipment to businesses nationwide.

 "Our whole team is very excited and honored to be included in Inc magazine's extremely prestigious ranking," said Bob Skibinski, Taycor's CEO. "It shows the spectacular results that can be achieved through very hard work, focus and most importantly teamwork."

 Started in 1982, the Inc 500 ranks the nation's leading entrepreneurial firms according to sales growth over the previous five years. Former Inc 500 companies that have gone on to become household names include Microsoft, Timberland, Domino's Pizza and Patagonia.

 The 2002 Inc 500 reveals a surprising resiliency within the entrepreneurial sector, where leading companies are continuing to show dramatic rates of growth despite the recession.

 The average five-year growth rate of this year's Inc 500 companies is 1,521%. While that is less than the 1,933% average for companies on last year's list, it is nonetheless dramatic in the current environment. Average 2001 sales for the Inc 500 dropped only slightly, from $24,976,000 to $24,706,000. More than two-thirds (73%) of 2002 Inc 500 companies are profitable. Despite the technology bust, "Computer Software & Services" remains the leading industry category, representing nearly 40% of firms on the list.

 "This is the first Inc 500 ranking to reflect the full impact of the recession" said Inc editor John Koten. "Yet these entrepreneurs are managing to confound the nay sayers and move ahead despite the obstacles. They're showing that smart strategies can succeed even in the toughest times."

 To be eligible for this year's Inc 500, companies had to be independent and privately held through fiscal year 2001, have at least $200,000 in sales in the base year of 1997, and their 2001 sales had to have exceeded 2000 sales. Holding companies, regulated banks and utilities are not eligible. Inc verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.