Vendor FAQs
Vendor FAQs?
Close more sales with Matrix Business Capital’s equipment vendor financing program. To learn more, read the frequently asked questions below about our vendor program.
What are the benefits of Matrix Business Capital’s Vendor Program?
Becoming a Matrix Business Capital’s vendor partner offers remarkable advantages. Applications can be completed in minutes, approvals within 2 hours and same day fundings. We offer app-only financing up to $150,000. We also can customize vendor specific programs for a variety of industries.
Who Typically Leases Equipment
Small and medium-sized businesses typically choose leasing as a solution for their business. However, over 80% of Fortune 500 companies use leasing as a solution for their finance needs too. Utilizing leasing is a great option for all businesses regardless of the company size.
Why Should I Offer Leasing to My Customers?
Offering leasing to your customers give you the ability to increase your sales by 50%. Many customers prefer to preserve their cash flow and make a low fixed monthly payment each month. This also allows you to upsell a customer who is able to make a fixed monthly payment, but not purchase the entire amount. Offering leasing doesn’t cost you anything, however it can drastically increase your sales.
Who is Eligible to Lease Equipment?
Business owners who plan to use the equipment for business purposes. Lease amounts usually range from $5,000 up to $5,000,000. Terms range from as short as 12 months and go out to 60 months. All applicants are subject to credit approval.