Equipment Vendor Financing | Crosspoint Leasing & Financial Services

Equipment Vendor Financing

Personalized equipment financing since 1972

Vendor Financing Benefits

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:

Deepens your relationship with customers, increasing customer loyalty and repeat sales.
Creates a competitive advantage over those who don't offer financing.
Gives your customers more purchasing power so, they can buy more of your equipment.
Helps you get paid sooner without having to collect money from customers.
Can help reduce your risk by transferring collections to the financing company.

Who should offer vendor financing?

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:

Computers and Technology
Office Equipment and Furniture
Graphic Arts Equipment
Materials Handling Equipment
Food Processing Equipment
Food Packing Equipment
Medical Equipment
Laboratory Instruments
Machining Tools
Construction Heavy Equipment
Racking and Reaching Trucks

Fitness Equipment
Restaurant Equipment
Orthodontics or Dental Equipment
Farming Equipment
Commercial Flooring
Semi-trucks & Trailers
Towing Equipment and Trucks
Irrigation and Water Trucks
Hauling and Dump Trucks
Excavation Equipment
Forklifts and Warehousing Equipment

Equipment Vendor Financing FAQ

How many businesses finance their equipment?

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.

Who qualifies to offer equipment financing?

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.

What financing options can I offer to customers?

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.

Who provides the financing I offer to my customers?

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.

let's get started!

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