Offering in-house equipment financing to your customers is an excellent way to boost customer loyalty and build a repeat clientele. One study by PayPal shows that customers who benefit from better and improved financing from a given equipment financial provider usually buy 15% more the next time they make a purchase from the same provider. In the absence of financing, will your customers be forced to walk out the door without making a purchase?
How to offer in-house financing
Work with an equipment financing expert. Beacon Funding understands that selling commercial equipment is hard enough without selling financing. Beacon Funding provides flexible financing options tailored to our customers’ business needs. Our digital process makes it easy for customers to apply and get approved quickly. Our streamlined process informs you of your client’s application status from start to finish. When a deal funds, you get paid for the equipment and we finance it to your clients.
Whether your market is tow trucks, boom trucks, septic pumping, screen printing, or embroidery, Beacon Funding’s flexible competitive equipment financing programs make your equipment even more affordable and help you sell more equipment.
So, what are the benefits to offering equipment financing with Beacon Funding?
5 reasons to offer in-house equipment financing with Beacon Funding...
- Avoid Sticker Shock with Low Monthly Payments
- Flexible Financing Options
- Faster Upgrades for Your Customers
- Establish and Build Business Credit
- Fast and Easy Application Process
1. Avoid Sticker Shock with Low Monthly Payments
One of the standout features of Beacon Funding's equipment financing is its ability to break down the total equipment cost into manageable, low monthly payments.
This helps your customers avoid the initial sticker shock often accompanying large purchases. By spreading the cost over time, your customers can budget more effectively and invest in your equipment without compromising their cash flow... leading to more sales!
2. Flexible Financing Options
Beacon Funding offers a ton of flexible financing options!
These options are designed to meet the needs and challenges of businesses in their unique situations. Working with a financing expert, you can provide better quality service to your customers as we get to know the ins and outs of your customers. Ultimately, we want to set your sales team up for long-term success.
3. Faster Upgrades for Your Customers
With flexible financing options, your customers can upgrade to better and more advanced equipment sooner.
This enables businesses to stay competitive with the latest technology and ensures that they return to you for future equipment needs, fostering a long-term relationship.
4. Establish and Build Business Credit
Equipment financing with Beacon Funding offers customers an excellent opportunity to establish and build their business credit.
By making regular payments on financed equipment, businesses can demonstrate their financial responsibility and reliability. This positive credit history can make it easier for businesses to secure future financing and other financial services, allowing you to sell equipment to customers who might be hesitant.
5. Fast and Easy Application Process
Beacon Funding's fast and easy application process enables you to make sales faster.
The application takes only a few minutes to complete, and with secure processing, customers can get approved within the same day they apply. This efficiency allows businesses to close deals swiftly and confidently, ensuring a seamless transaction experience.
See how a partnership benefits you
When you team up with Beacon Funding, it goes beyond boosting your profits. You gain immediate access to a wide array of valuable resources and benefits. Download our FREE eBook to learn about all the resources you receive with your partnership!
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