Why Equipment Vendors Outsource Customer Financing to Global Financial & Leasing Services

Equipment Financing Can Help Vendors Support More Customers

Farm, medical, construction, restaurant, printing, manufacturing, and logging equipment is a heavy financial investment for business owners. More times than not, the only way for business owners to acquire the costly equipment necessary to sustain or grow their business is through financing.

As an equipment vendor, offering financing can help customers evaluate an equipment purchase. Building an in-house lending operation also brings responsibilities, including:

• Building and maintaining relationships with financial institutions
• Taking on the risk of financing customers who are a credit risk
• Investing internal time and resources in reviewing applications and verifying applicants’ financial documentation
• Missing out on potential equipment sales and revenue by not financing lower tier credit buyers

Partnering with GFLS helps vendors offer financing without building an in-house lending operation. Our team coordinates transaction review and communicates the steps needed to move a request forward.

Could GFLS be the Financing Partner You Need?

If you answer yes to any of the following questions, it’s time to talk to the GFLS team about becoming your equipment financing partner.

Do you currently work with a lender who only finances equipment for AAA-rated buyers?

Different financing sources have different credit and documentation requirements. GFLS can review the business, cash flow and equipment against available program criteria to help identify whether another option may fit.

Are you seeking a partnership with an equipment financing partner who specializes in less-than-perfect credit applicants?

GFLS considers the business story, cash flow, equipment and credit history against available program requirements, including funding-partner criteria. After approval, executed documents, verification and all funding conditions, payment is sent according to the completed transaction.

Are you concerned that approving lower tier credit applicants will take too long and cost your team sales?

Our team works to move complete submissions forward promptly and keeps applicants informed. Timing depends on the transaction, requested documents and financing source; approval and funding times are not guaranteed.

Would you prefer your financing program be branded under your company’s name?

Discuss how the available financing process can fit your sales workflow and customer communications. Program options, application requirements and the financing source depend on the transaction.

GFLS can work alongside your existing financing provider or review requests that need another option. Explore our vendor financing program to discuss your equipment, customers and sales process.