Equipment vendors today face challenges never before encountered.
Business owners they call on are very hesitant to purchase new
equipment when they are laying off employees. Being able to cost
justify the purchase is more important than ever. Having convinced
the customer to purchase they now are often frustrated by their
customer not being able to secure financing.
Smart vendors are realizing the need to partner with equipment
finance companies who are willing to partner with them to
pre-qualify businesses before their sales rep ever pick up the
phone or get in their car .
Vendors who solve problems for businesses capable of securing
financing will be the ones who will survive the greatest economic
challenge since the Great Depression.
http://www.youtube.com/watch?v=lY1dJV3Tm6U
Sunday, January 31, 2010
Monday, December 21, 2009
Thursday, December 17, 2009
Wednesday, December 16, 2009
Wednesday, December 2, 2009
Wednesday, November 18, 2009
Monetizing Service Contracts with Related Equipment
Many vendors and manufacturers have million dollar contracts secured with large companies but cannot secure the internal financing to provide the end user with the necessary equipment .
A program is now available to allow your customer to leverage that contract to get the equipment needed. This allows your client to obtain the cash now instead of waiting years to get paid.
Minimum dollar size is usually $ 1 million and requires the end user of the equipment
to be bond rated BB or better. Service contracts must have a component of equipment.
A program is now available to allow your customer to leverage that contract to get the equipment needed. This allows your client to obtain the cash now instead of waiting years to get paid.
Minimum dollar size is usually $ 1 million and requires the end user of the equipment
to be bond rated BB or better. Service contracts must have a component of equipment.
Tuesday, October 13, 2009
Paynet - The Litle Known Alternative to Dun & Bradstreet
Paynet is a little known business reporting agency. More than 200 leading US Lenders anonymously report more than 16 million finance contracts worth greater than $ 700 billion. Its database is updated weekly and is used by commercial equipment lenders to make loan and lease decisions .
It was started in Skokie IL in 1999 to find a better way of predicting business owners ability to repay equipment installment debt . Credit bureaus are highly
biased towards paying personal credit obligations . Paynet instead depends on large commercial lenders reporting anonymously on a weekly basis .
Dun & Bradstreet has historically been the credit source commercial lenders
have relied upon . Unfortunately it is often inaccurate or biased towards the
few big companies who bothered reporting to them . It also can be manipulated
giving an unfair advantage to those who know how to self report their business trade references.
Paynet has made it easier for good paying business owners get larger installment credit without having to provide business tax returns . It also enables them to get credit with more conservative lenders at better rates .
It was started in Skokie IL in 1999 to find a better way of predicting business owners ability to repay equipment installment debt . Credit bureaus are highly
biased towards paying personal credit obligations . Paynet instead depends on large commercial lenders reporting anonymously on a weekly basis .
Dun & Bradstreet has historically been the credit source commercial lenders
have relied upon . Unfortunately it is often inaccurate or biased towards the
few big companies who bothered reporting to them . It also can be manipulated
giving an unfair advantage to those who know how to self report their business trade references.
Paynet has made it easier for good paying business owners get larger installment credit without having to provide business tax returns . It also enables them to get credit with more conservative lenders at better rates .
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