Increase your Sales with NFG Finance
The experts in Vendor Equipment Finance
Selling More with a Vendor Finance Offer:
Does your business sell equipment, vehicles or other durable goods to other businesses? If you don’t have a customer finance program (known as ‘vendor finance’), or if your vendor finance program is not delivering results, you could be missing out on sales and profit, find out how partnering with NFG Finance can increase your sales.
Thinking about offering finance to your customers? NFG Finance makes it easy to offer your customers monthly payment options.
Banks and direct financiers are not interested in vendor finance offers unless you can provide a minimum of $2,000,000 per annum, with minimum ticket prices of $20,000 per customer.
Don’t be sucked in to using a direct bank or financier vendor finance, their finance programs might look great due to their marketing department and shiny brochures. Lenders can’t help everyone, they all focus on a certain customer set, the downside to dealing directly with a lender for vendor finance is that they will cherry-pick the best applicants, leaving half of your customers without a finance solution.
Banks don’t finance start-ups operating less than 2 years, nor do they like to assist non-home buyers, businesses who have no credit history, ATO arrears or businesses with minor credit defaults. Businesses like these form the majority of applicants for finance.
Using a broker like NFG Finance who has 40 equipment financiers including banks, independent, fintech and private financiers on our panel means you have a finance solution for everyone, from start-ups to multinationals.
Being independent, NFG Finance is nimble and hungry for business, we don’t require multi-million-dollar annual finance commitments from our partners, we work with any size equipment, vehicle, technology, software, furniture, fit out or energy efficient equipment. Our ticket price starts at $3,000 with no upper limit.
The longer it takes for a customer to make a buying decision the higher the chance you miss the sale. Using NFG your customers get the financing they want, you get paid in full without delay – everybody wins.
Our partners not only sell more goods; our vendor programs also increase margins, improve sales cycle times, and can even help close sales months later. Supported by the industry’s best team of professionals, our programs deliver competitive finance solutions and lightning fast turnaround – all at no cost to you.
Ever wondered how you can compete with a large company who offers in-house finance?
It’s easy when you partner with NFG Finance.
Facts about Offering Finance
Offering your customers payment options will benefit you greatly. More than 80% of all equipment and vehicle sales are financed. This means more than 8 out of every 10 of your customers intend to finance their purchase. Offering payment options automatically keeps you in front of this group.
Offering financing means no waiting for payment.
NFG Finance offers attractive payment options like short term and long term rentals, financing and leasing, while you get paid in full right away. You make the sale, the financier takes the payment risk.
Payment options are part of the decision-making process.
Cash flow and cash reserves are more important to businesses now than ever. Not offering financing means you are susceptible to losing these customers to finance-offering competitors.
Anything Can be Financed.
We finance all types of equipment, vehicles, and technology. If you sell durable goods to businesses, we can help with a funding solution.
Offering Finance closes sales faster.
No more having customers hold up sales while waiting for their cashflow, or their bank or other funding. Offering instant finance takes the “we will see if we have the budget” delay out of the equation.
Offering payment options has become a form of marketing.
Obviously, offering a payment option is a good benefit to talk to your customers about. But it can go further. Smart companies are tailoring custom, creative financing and lease programs to their customer base. Let’s get on the front foot, NFG Finance can help you do this.
Benefits of Partnering with NFG Finance
NFG Finance makes it simple to offer your customers payment options.
• Speed up the replacement cycle, reduce risk of obsolescence.
• Opportunities to upgrade equipment before end of term reduce risk of competition.
• Increase the size of the sale, customer budgets go further with finance.
• Neutralise cost objections with monthly rental payments.
• Payment options stop customers shopping around.
• No more customer credit risk.
NFG Finance is a Trusted Industry Leader.
We are vendor equipment finance specialists. Since 1998 we have honed our skills with some of the oldest and largest vendor finance companies in the world, we have also worked within global heavy equipment and technology suppliers, providing customised financing solutions to their customers, we have over 20 years of vendor finance experience.
NFG Finance offers you the benefit of our experience establishing vendor programs designed to help you sell more with finance, an impeccable reputation for providing hassle-free financing for companies nationwide, and for also being a dependable finance partner for sellers. When you call we answer the phone, try us!
NFG Finance makes it Quick and Easy for your Customers.
Our application process is straightforward with minimal forms, most applications don’t require any form of financial data, we can also take an application over the phone and have developed web-based application forms to streamline the process. In addition, our approval speed, product options and rates are competitive.
We will help you increase sales.
You close more sales, instead of losing them to funding delays. In addition, we can provide excellent training and support for your sales staff and dealer network. Working with NFG Finance as your finance partner increases your sales force as we can help follow up finance quotes and proposals. We have even helped motivated equipment partners attend trade shows to provide instant finance.
An integrated finance offer reduces your sales cycle time. Integrated finance quotes have a long shelf life, closing sales for you even months later.
Improve your customer loyalty by being the ones who help them access the equipment without having to find the finance, happy customers are more likely to return.
Compete Against Extended Terms or Discounts.
If your competitors are using discounts to win business you need to be smart, getting caught up in a discounting war can be a race to the bottom. It reduces your margin and risks the viability of your business. We can show you how leading with a monthly payment offer beats the competition. Turning a slow capital purchase decision into an easily accepted, monthly operating expense.
You’ll love working with us.
We’re easy for you to partner with. In fact, setting up an effective, sales-closing finance program can take as little as ten minutes. There is no minimum, we can help you with one customer a year or with ten customers a week. When you partner with NFG Finance, you get paid in full on delivery, no more waiting to be paid.
You do not need to know anything about finance or have any finance discussions at all. We provide rates that you can apply to the cost of the goods to calculate the monthly payment. We suggest you provide a finance offer with all equipment proposals, some successful partners have stopped offering cash purchase prices altogether, only presenting the customer with a monthly payment, which is easily affordable and easily accepted.
We can get as creative as you wish.
In addition to the above, we can work with you on custom finance agreements, promotional offerings (“no payments until…”), seasonal payments, etc. Just ask us – our staff are highly experienced in developing innovative, revenue-generating financing and lease programs.
Offer your Customer an easy way to pay
It’s time you worked with a proactive finance partner who is focused on raising your sales.
NFG Finance offers you the experience, trust, and knowledge that come with 20 years of helping our vendor partners increase revenues. It all begins with the simple form or a phone call, very soon you will be able to offer your customers the payment options they are looking for.
Benefits for your Customer
Can be up to 100% tax deductible – provided the equipment is used solely for business purposes. Easy fast approval process and access to an additional line of credit.
Stretches budgets further – customers can get what they want now and are not restricted by what they can afford to pay upfront.
100% financing – in most cases NFG Finance can offer finance with no upfront deposits or ongoing monthly account keeping fees, with 100% of the equipment’s cost being financed.
NFG Finance – we are here to help:
As your finance broker we will take the time to understand your business, your goals and your challenges. We will bring you suitable finance options and then arrange the financing for you in a timely manner. For more information on why we think you should use a finance broker and why we think you should choose us as your finance broker, please read the article linked here.
If you are in business and want to talk finance, please contact us for a ‘no obligation’ review of your options.
Please contact us today to discuss your finance options.
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