Benefits to Vendor Using Financing to Customers!
Here are the Top 10 Benefits for Vendors by offering Financing:
- Price objection—monthly payment is less than full capital outlay
- Capture all types of potential customers
- Cash Customer is less likely to spend on high end products
- One-page application approval process
- Know which customer CASH basis for quick Sale is
- Full control of the transaction with updates throughout the transaction
- Approval with 48 hours
- Offer financing has no cost to you as equipment vendor – non-recourse
- Paid in full upon delivery including shipping and installation
- Quick Funding—Email Documents to you or customers
- Help your customer create business credit for future purchases
Here are some strategies our vendors have used in the past:
AWAYS QUOTE MONTHLY PAYMENTS—AVOID QUOTE ON TOTAL PRICE
Often the hardest obstacle to overcome in a sale is the price. The better your equipment is, the more the customer may think “I can’t afford it.” Anticipate price objection and overcome it by quoting low affordable monthly payments.
USE FINANCING TO BUILD REPEAT BUSINESS
Financing encourages repeat business by making it easy for your customer to add on and trade up equipment. And once a customer has financed equipment, the idea of making monthly payments is familiar, the customer simply budgets for them automatically.
Sell by Monthly Payment not by the cost of the equipment.
By making your product available for a low monthly investment versus a substantial capital outlay, you will capture a segment of your market that may not have the budget allocated for your equipment. You will also appeal to the segment that understand the leveraging their capital and has utilized secondary financing in the past. Your customer can afford monthly payment not full amount.
Process, Approval, Documentation, and Payment:
Once we have your customer approved and verify, we are ready to have them sign the contract. After signing and customer is satisfied with the equipment, we will fund the transaction and overnight a check or wire transfer the full amount of the equipment cost.
Equipment Financing Selling Points.
üApplication-only up-to $250,000 – subject to approval.
üSection 179 potential tax savings
ü$0 Security Deposit
üCredit decisions in 4 hours or less.
üElectronic docs for fast funding
ü100% Pre-Funding before delivery.
üSoft cost financing, tax and installation included.
üMonthly Payments up to 60 months.
üReferral Fee Available
üHigh Approval Ratio
Vendor Financing Promotion:
Low Doc Funding for Well Qualified Clients!
ü12 x $99 Promo: Customers pay only $99 for the first 12 months! This is a terrific way for customers to defer full payments – allowing equipment time to generate revenue.
ü6 x $99 Promo: Customers pay only $99 for the first 6 months! This is a terrific way for customers to defer full payments – allowing equipment time to generate revenue.
üValue Program: ZERO payments for 3 months combined with competitive monthly structures.
ü$0 Down Payment
ü$0 Security Deposit
üLow Doc and Admin Fee
üReferral bonus available
See Our Credit Requirements to help your customers get approved faster. Our Goal is to give you 100% Approval Rate.
Get Started Today! Download our VENDOR PACKAGE.
As a vendor we can give you code JUST LIKE THIS to put onto your site so your client can apply online instantly within your website. Call our Vendor Specialists to get set up as an equipment vendor at 888-588-4128 for personalized assistance.
Let Liberty Capital Group, Inc. be your reliable funding partner for all your vendor financings.
We Do Start Ups For Vendor Financing
Credit requirements for Startups – download our vendor package.
For startup clients the following will be the minimum requirement:
- Business license or active business entity registration.
- Personal guarantees from all owners.
- Minimum 625 credit score.
- No bankruptcies in the last 7 years.
- No unresolved tax liens.
We offer various financing options tailored to start up needs but “He who has the GOLD makes the rule”:
Additional Financing Benefits other than equipment financing for start ups for qualified borrower.
- $99 for the First 6 Months: Get started with minimal upfront costs.
- 90-Day Deferred Payments: Pay nothing for the first three months.
What equipment do you sell? Are you a new or used dealer?
Liberty Capital's Vendor Financing Program
Liberty Capital offers a comprehensive financing program for used commercial trucks, used trailers, machines or used heavy equipment. This program is designed to accommodate all credit types, including startups, ensuring that even businesses with less-than-perfect credit can obtain the necessary equipment.
Liberty Capital does soft-inquiry to make sure client is qualified to receive an approval. Once approved and funded, you will have a hard pull prior to funding.
Key Minimums: Start ups must have no blemishes. For well-established company, lower credit can be an exception. We do structured transaction from A to D credit giving you a vendor high approval rate.
Key Features:
· 100% Pre-Funding: Liberty Capital can pre-fund the vendor 100% prior to delivery, ensuring that vendors receive their payment upfront.
· Soft Inquiry: We perform a soft inquiry on credit, which does not impact the buyer’s credit score.
· Bad Credit Options: We can finance buyers with bad credit as long as they can make a down payment ranging from 5% to 40%. This is particularly beneficial for those with marginal credit and startups.
Types of Leases Available:
· Operating Lease: The lessee uses the equipment for a specific period and returns it at the end of the lease term. This option is often used for equipment that may become obsolete quickly.
· Finance Lease (Capital Lease): The lessee effectively becomes the owner of the equipment, with the option to purchase it at the end of the lease term for a nominal amount.
· TRAC Lease: Commonly used for commercial vehicles, a TRAC lease allows for adjustments in the lease term or residual value to meet the specific needs of the lessee.
· True Lease: This type of lease does not include a bargain purchase option. It offers lower monthly payments and is often used when the lessee does not intend to purchase the equipment.
By partnering with Liberty Capital, vendors can provide flexible and accommodating financing solutions, helping their clients to acquire the necessary equipment while managing financial constraints effectively.
Easier to get than a traditional business loan
Less paperwork
Fast processing time
Less stringent requirements for qualifying
No collateral needed, the equipment is the collateral
May require less credit score for you and your business as well
Grow your Equipment Sales with Equipment Vendor Financing and Leasing.
At Liberty Capital Group, Inc. Group, Inc., we offer vendor finance programs to qualified, approved vendors and dealers.
Our vendor finance and leasing programs improve cashflow and liquidity while preserving capital, and benefiting from tax advantages equipment financing brings and provide your clients with predictable, low monthly fixed payments and flexible pay structures.
Why Liberty Capital Group, Inc.? We make your customer’s buying decision easier with us using our prequalification calculator.
With the convenience of our unique equipment financing.
Plus: we give you a competitive advantage: A, B, C and D Tier Credit Program! For structured leased transactions we can do that as well for those structured deals.
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially vendor equipment financing, predominantly involve personal interaction with an underwriter to ensure as fraud prevention. Automation may not suffice, particularly when dealing with a third party like the vendor and the complexities of equipment purchase. In such scenarios, business owners are often better served by collaborating with a Business Loans Broker like Liberty Capital Group, Inc., who can steer them in the right direction.
Instant Quote Online
Use our instant online quote calculator to get an accurate no obligation quote.
Apply Online
Complete our quick online application. Application takes 5 mins.
Review Your Options
We will contact you to review your options.
Get Funds
Money will be deposited in your account in as little as 24 hours.
