In today’s market, where equipment is more readily available, your clients are on the lookout for cost-effective solutions to equip their workforce. Financing offers a smoother path for them to acquire the necessary tools.
Today, more than ever, your customers are Googling how to afford equipment with financing options. Is your website ready? If you’re not prepared, your customer may seek another equipment seller who is. Don’t miss out on sales because you’re not prepared!
In this article
- What is an Equipment Financing Center (EFC)?
- Equipment Financing Calculators
- Quick Application Process
- How can it benefit you?
- Get Started
Since 1990, Beacon Funding has been helping equipment sellers convert more buyers with our equipment financing solutions. We can help you sell your equipment with ease with your very own Equipment Financing Center (EFC).
What is an EFC?
Beacon’s Equipment Financing Center (EFC) is a no work, no cost, no maintenance online solution designed to promote equipment financing on your website to your customers.
How does an EFC benefit my business? Your EFC is the perfect solution when you don’t want to spend the time or resources to develop your own online financing solution.
Studies indicate that customers are more inclined to buy something when they can pay in affordable monthly payments. Beacon’s EFC allows you to showcase a low monthly payment for your equipment and offers flexible payment options that align with their revenue cycles. Plus, Beacon Funding takes care of all hosting, content management, and associated costs, making it a worry-free addition to your website!
Each EFC comes equipped with an equipment financing calculator, contact form, and Beacon Funding’s quick financing application- both of which are detrimental in converting clients into customers. Your business is copied on all inquiries, leads, and opportunities that are generated. Plus, you can monitor the application process in our online portal.
Equipment Financing Calculators
Regardless of whether they ask, your customers are interested in equipment financing options.
With an EFC, you provide your buyers the opportunity to estimate a monthly payment, calculate their potential tax savings, and determine a return on investment all in one convenient place. This not only enhances the customer experience but also encourages informed financial decisions.
Interestingly, the average equipment finance agreement value exceeds cash transactions by 25%. This means financing can significantly increase your client’s purchasing power, enabling them to opt for superior and more advanced equipment.
It’s a win-win: Your clients get better machinery, and you enjoy the benefits of higher-value sales!
Quick Application Process
The application process for equipment financing can be daunting, but with Beacon Funding, it’s a breeze.
When you give your customers the option to finance their equipment with Beacon Funding, our quick application makes the first step toward financing easier than ever.
- Customers Apply in Less Than 5 Minutes: Our streamlined application is designed to be quick and straightforward, asking only the most essential questions to avoid overwhelming your customers.
- Customers Can Get Approved Within 24 Hours: With Beacon Funding’s equipment financing, it’s realistic for your customers to go from application to acceptance in 2-3 business days.
- Safe, Fast, and Secure: We only ask for the essential information and we can approve applications up to $150,000 without any additional paperwork.
How can it benefit you?
- Without a doubt, the best feature of the EFC is that it creates equipment financing leads. Adding an EFC to your site will increase lead flow because every time a customer applies or inquires, a lead is created and emailed to you and your financing consultant for follow-up.
- Showcase your company’s financing specials by customizing the benefits section on your EFC.
- Promote your equipment packages combined with our flexible financing programs to create an offer that can’t be beaten!
- Sell more equipment by offering your customers custom payment options for your equipment. Addressing financing needs early and often in the equipment sales process eliminates one obstacle to closing a sale.
- Become part of our Winner’s Circle Rewards program and earn as you close more deals.
- We get tough deals approved so small businesses, start-ups, and businesses with challenged credit can afford your equipment faster.
Get Started!
At Beacon Funding, we understand you earn your living selling equipment. Your success is our top priority so you can count on our leasing consultants to handle referrals in a quick, professional, and trustworthy manner.
REQUEST AN EFC NOW
With our support, your clients will come back for more equipment. The more successful you are, the more successful we are together. Contact your Senior financing Consultant or visit beaconfunding.com/vendor-financing and get started today.