Equipment Vendor Financing
Personalized equipment financing since 1972
If you're an equipment manufacturer or distributor, offering financing to your customers has several key benefits. First off, vendor financing makes it easier for customers to purchase your equipment. Your customers get a monthly payment plan, rather than making a large cash outlay. This way, you are helping your customer preserve their working capital. In turn, it helps you close more sales. The following benefits also apply:
If you are in the business of selling equipment, you should probably offer financing to customers. Especially if you sell higher priced equipment. Here are some examples of equipment that qualifies for vendor financing:
According to this post by the Equipment Leasing and Financing Association (ELFA):
"Nearly 8 in 10 U.S. companies (79%) use some form of financing when acquiring equipment, including loans, leases and lines of credit (excluding credit cards)."
Crosspoint helps you take advantage of this business opportunity. We do all of the work so you can focus on serving your customers.
Any equipment vendor including manufacturers and distributors can offer customers financing. We create your leasing or financing solutions, including proposals you can use with customers. If you want, we can work directly with your customers quickly answer their questions. We help them make the best financial decision for acquiring your equipment.
You can offer customers financing to purchase equipment outright. And, you can offer customers equipment leasing agreements. Both options offer monthly payments in lieu of large capital outlays. This means customers preserve their working capital and you close more sales.
Crosspoint has long-standing relationships with leading banks and lenders. Our position as a "third party originator" means we are not beholden to any one lender. Instead, we have the flexibility to choose the best alternatives for you and your valued customers.
Please feel free to share this information with friends and business associates.