Businesses of all types and sizes can benefit from leasing items to that help them generate revenue. Almost anything can be leased including construction equipment, company vehicles, office furniture, computers, copiers, and manufacturing equipment.
If you are a supplier that would like to lease equipment to your customers, you can team up with Circle Mortgage and our leasing professionals will offer you vendor financing so you can in turn offer your customers great rates for leasing from your business.
Vendor financing allows you to offer other alternatives to your customers besides cash on delivery or after 30 days. This is especially beneficial if you are a supplier of high-ticket items which some customers might have trouble paying for in full upfront. By offering a broader range of financing options, it can help you to attract more customers and grow your business.
It will also help you to improve your relationship with your existing customers as they will not have to seek financing elsewhere before coming to you. Not to mention, offering a leasing option can give you a competitive edge over others in your industry who may not be offering anything similar.
When you provide a quote to your customers, simply provide a low monthly quote on a lease as well along with the lease application. If the customer chooses the leasing option, they simply have to send the signed application to Circle Mortgage for approval. At that point, one of our leasing professionals will perform a quick credit check – and if your client is approved, we will send them any additional documents or instructions that may be required.
After the customer receives their equipment from you, we send you a payment for the full amount of the equipment (this usually happens within a few days).