Frequently asked questions about offering financing on your equipment
Offering an equipment financing package benefits you and your customer. Let us help you make the process easy for both of you.
What kind of equipment do you finance?
We finance many kinds of equipment including equipment for the pharmaceutical industry, for chiropractors and physical therapists, business equipment such as copiers and shelving, software, lighting and more. If you are looking to offer equipment financing as a benefit to you and your customers, please contact us. We are always interested in financing equipment in new industries.
Will offering finance make it a lot more work for me?
Nope. We have a team of professionals at Banleaco who work together to make the process simple for you and your customers. You will have a brief application form to pass along to your customers or they can use our online application. It takes less than a minute for them to fill it out and get the process started. When submitted during our hours of business you can expect an answer from us within an hour. If we do not receive the application during normal business hours, we will contact you the next business day.
Why would I want to offer financing?
Keeping the equipment financing process simple helps the customer finalize their purchase quickly. When you offer financing you eliminate some of the obstacles keeping your customer from being able to purchase the equipment. Our current vendors tell us they have seen increases in sales once they started offering financing.
Will there be an additional cost to me to offer financing?
If I am interested in starting to offer financing what do I do?
Contact us at 1-800-247-8136 for any questions you may have about offering equipment financing, how the process works, and financing programs for your industry.
If I have a customer that wants to finance how does that work?
Securing equipment financing is easy for you and your customer. We will provide you with Express Applications for you to give to your client or they can apply online. It just takes a minute for them to fill out the card. Just submit the application information to us and we will take it from there. You and your customer can expect an answer from us in a matter of minutes!
Who do I call if I have questions?
You are always welcome to call our office. We are open from 8-5 CST Monday through Friday. You will also have a team that includes your Account Executive and a member of our credit department that you'll work with on a regular basis.
What if my customer is worried about their credit?
We all have bumps in the road. Once we review their application, we will look for options so they can finance the equipment they need.
How do I know what the customer's monthly payment will be?
We work to customize a program for each customer to suit their specific needs so every customer's payment won't be the same. If your customer would like to request a no-obligation quote we would be happy to provide one.