Choosing the right equipment financing partner is crucial for selling more equipment. Let’s face it – not all financing companies are equal. Finding a partner that aligns with your business model and understands your equipment can make a huge difference!
Here’s what you need to ensure you choose the best financing partner for your business.
In this article...
- Characteristics of a Good Equipment Financing Partner
- Beacon Funding's Competitive Advantage
A Good Equipment Financing Partner Must:
Understand Your Equipment & Share the Same Clientele
It's crucial for your financing partner to have a good understanding of the equipment you sell and have the same target clients. Some lenders have restrictions on equipment age and asset type. The right equipment financing partner will have a history of funding the equipment you sell.
This ensures they can offer fast approvals and solutions that align with your customer’s business goals.
FIND FINANCING THAT MATCHES YOUR CUSTOMER'S GOALS
Wide Credit Window
Not all customers have A+ credit profiles. Working with a lender that can approve start-ups, challenged credit, and A, B, and C credit profiles increases the amount of sales you can generate. Beacon Funding has a history of approval start-ups, a wide range of credit profiles, and both new and used equipment.
Provide Excellent Customer Service
Customer service should extend to your business and your clients. Beacon Funding offers a seamless financing process led by our team of dedicated experts. Our knowledgeable consultants work closely with your customers to understand their specific needs and provide personalized guidance throughout their financing journey. Our partners can also monitor the progress of an approval in our online portal.
To support your organization effectively, a financing partner must be familiar with the intricacies of your business. Beacon Funding takes the time to learn about our partners, ensuring they offer financing options that fit seamlessly with your business operations.
Beacon Funding's Competitive Advantage
Our competitive financing plans and low monthly payments position your business as a leader in the industry, offering exceptional quality service for new equipment and driving growth.
SEE HOW A PARTNERSHIP BENEFITS YOU
Choosing the right financing partner is key to your business’s success. Beacon Funding offers custom solutions that fit your business model and market strategy. With strong support, great financing terms, and deep market knowledge, Beacon Funding can help your business grow. Choose a partner that understands your needs and provides the tools for your success.
Marketing Support
We provide more than just financing. Beacon Funding offers our partners variety of complimentary tools and services to integrate financing seamlessly into their process. One of those complimentary services is Marketing Support.
Email Marketing Campaigns: Beacon Funding supports your business with targeted email campaigns to attract potential customers and boost equipment sales. Our expert team crafts compelling emails that highlight the benefits of your equipment and financing options.
Telemarketing: We provide telemarketing services to reach out to potential leads and inform them about your financing programs. This personalized approach helps in building stronger connections and increasing conversion rates. Our telemarketing strategies ensure that potential customers are well-informed about your financing options, increasing the chances of successful conversions.
Trade Shows: Beacon Funding supplies professionally designed signage for client events and trade shows, ensuring your brand stands out. These materials help you showcase your financing options and attract more customers. These professionally designed marketing materials not only showcase your products but also emphasize attractive payment options. This literature can be a powerful tool to attract and inform potential customers, making it easier for them to understand the benefits of financing.
Website Marketing: We create tailored marketing materials, including brochures and flyers, to highlight your equipment and financing solutions.
Additionally, our team develops custom website content to enhance your online presence and attract more leads.
GET STARTED WITH WEBSITE MARKETING
Proven Measurements for Success
Status Reports on Financing Referrals: Beacon Funding provides detailed status reports on financing referrals, helping you track which referrals have been won, lost, or remain open.
This insight allows you to measure the effectiveness of your financing programs.
Client Feedback on Financing Programs and Services: We collect and analyze feedback from your clients regarding the financing programs and services offered, ensuring continuous improvement and customer satisfaction.
Timeline Tracking for Financing Transactions: Beacon Funding helps you keep track of the time taken to complete financing transactions, allowing you to streamline processes and improve efficiency.
Beacon Funding's Online Tools
Managing and Tracking Client Leases: Our online tools make it easy to manage and track client leases, providing you with real-time updates and detailed information on each lease.
Access to Sales Literature and More: Gain access to a comprehensive library of sales literature and marketing materials to support your sales efforts and enhance your business operations.
Equipment Focus
Industry-Specific Lenders: Beacon Funding specializes in financing for various industries, offering better financing approvals, terms, and conditions tailored to your specific needs.
Beacon Funding’s Expertise: With our specialized understanding of the equipment we finance or lease, we provide more aggressive financing approvals, terms, and conditions that give your business a competitive edge.
Beacon Funding’s Track Record: With a history of funding tens of thousands of equipment transactions for small business clients, Beacon Funding connects your clients with the necessary funding to help them thrive.
Supplying Competitive Information for Strategy Recommendations: Beacon Funding assists in providing detailed competitive information, helping you develop winning strategies to boost your business.