Combine Equipment Finance & Service
How to Combine the Financing of Equipment and Service/Maintenance into a Single Agreement:
Do you have an existing or prospective customer who has a transaction involving equipment and a service / maintenance agreement?
We have a way for you, the provider, to present an all‐inclusive quote to the customer and finance everything together.
Benefits to Vendor and End-User:
VENDOR PAID UP FRONT:
The Vendor is paid at closing for at least the equipment cost.
NO NEED FOR “CAPITAL EXPENDITURE” APPROVAL:
With the equipment and service wrapped into a single usage or supply agreement, the customer can take the transaction off-balance sheet and treat it as an operating expense, and eliminate the delays in acquiring CAP-Ex approval.
CENTRAL BILLING:
You bill the end user/customer for the total contract payment, directing payment to a lockbox where it is then split between the equipment lessor/lender.
EQUIPMENT PRICE DISCOUNTING:
Held to a Minimum because both equipment and service presented as one lump sum monthly to the customer.
Transaction Qualifications:
- Transaction must include equipment with a service or maintenance component.
- Transaction cost must be $500,000 or greater. (See program agreement for lesser amounts)
- Customer/End-User must be credit worthy.
Deal Flow:
- Contact us regarding qualifications before quoting your customer.
- You work up the equipment and service costs.
- We will submit to you a proposal and language to include in your quote.
- We will work with you and the customer to finalize the documentation.
