Ok, in our little vendor / lender equipment financing relationship series, we’ve come to the final one – captive programs. If you recall, the first three were Referral Programs, Private Label Programs, and Vendor Recourse programs. Also, if you’ve been following along, you’ll also notice they all have an increasing amount of vendor responsibility and risk. A referral… Read More »
I’ve talked before about how offering credit / equipment financing can actually be a form of marketing, and I’d like to return to that today. Because today, with the economy fairly stagnant, offering equipment leases / payment terms might very well set you above your competition. Let me tell you a quick story. When I was a kid,… Read More »
With the title Equipment Financing Approval – by the numbers you might think I’m going to give industry approval ratings in terms of equipment financing deals (which, by the way, are higher than our president’s approval ratings!) But I’m not – in fact, as an overall number, the amount of businesses accepted is not very useful (there are… Read More »
In previous posts, I discussed several types of “vendor – lender” business relationships (essentially, that’s the relationship between an equipment financing / equipment leasing company like mine, and our customers, the equipment manufacturers and distributors.) We already went over Referral Programs and Private Label Programs, and today, we’ll talk about the next level of the vendor-lender relationship: Vendor… Read More »
I just realized I’ve gone a few months without a Section 179 post, which is rather un-Fletch like. Because as much as I love equipment financing, I really love Section 179 – I think it’s the greatest tool for business since… well… ever, really. I mean, think about it – the government will actually give you back money… Read More »