FUNDING OPTIONS FOR YOUR CUSTOMERS

If you are a supplier or manufacturer of equipment or machinery and you need to offer vendor finance to your customers, we can help.

Why waste valuable time in speaking to two or three different finance companies when XL Business Finance will know exactly which finance company will underwrite the deal. We provide vendor finance solutions nationwide across a wide range of disciplines. A quick turnaround with regards to finance could be the difference between winning and losing that next equipment sale.

Get ahead of your competition by offering pre hire and stage payments to fund your machinery sale

A stage payment is when the supplier requires payment before delivery and the funder pays this on behalf of your customer. Both customer and supplier must be approved by the finance company and the customer will sign a stage payment form. This is an addendum that will sit alongside the hire purchase or finance lease agreement and deal goes live when the first instalment is paid.

A pre hire is similar to stage payments however the customer does not enter in to a hp or finance lease agreement until the equipment is on site, installed and commissioned. The customer signs a document which states agreed payment terms to the supplier “The contract of terms. “.  Daily interest accrues on the monies paid out. Once the equipment is installed and commissioned and all stage payment paid the finance will flip the balance onto a hp or finance lease agreement. Interest accrued can either be paid in full or added to the finance agreement.

For further information and a no obligation chat call us or contact us today.