TimePayment Gold Program
In 25 years of equipment finance, serving over 10,000 Equipment Vendors nationwide, we’ve had the good fortune of working with some of the best. Their commitment to customer and delivery of top quality service results in performance metrics that clearly separate themselves from their peers. We recognize this superior performance with a program that provides significant incentives for our partners. Membership is by invitation, with inclusion based upon a track record generated over a minimum of 12 months.
TimePayment Gold Cash Back RewardsVendors that have been invited into TimePayment’s Gold Program receive an automatic rebate of 1% for each quarter they are re-certified in the program. Certification in successive quarters will earn an additional ¼% for each quarter where funded lease volume exceeds the previous quarters’ volume. Volume declines will reset the program to 1%. These ¼% increases can grow to as much as 3%.
Here is an example of how these payments can add up:
- Funded Volume:
- Rebate %:
- Rebate Payable:
In the scenario above, this Vendor has received an additional $1,774 in cash rebates over the course of a year, just for doing business with TimePayment.
TimePayment Gold Program Eligibility RequirementsTimePayment Vendors become eligible by invitation after one year when the following criteria is achieved:
- Minimum of $100,000 Annual Run-Rate
- Minimum of 100 Applications Annually
Application Approval Ratio
- Approval Ratio of 50% or Greater
Application Funding Ratio
- Funding Ratio of 25% or Greater
- Delinquency Ratio Under 3%
Request to Join the Gold Rewards Program
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