Smart Financing Solutions for Supply Chain Delays

This month, we narrowly avoided a labor strike that could have snarled shipping for weeks.

Yes, but: If you were an equipment seller who offers financing, you had less reason to sweat: 

By the numbers: Equipment sellers offering flexible financing options report a 29% increase in sales retention, even during supply chain delays.

Effective strategies:

• Reservation financing secures customer commitment with 62% fewer cancellations.
• Phased delivery financing allows for 41% faster project initiation.
• Used equipment bridge solutions provide immediate solutions for 53% of urgent needs.
• Extended terms on advance deposits increase order commitment by 37%.
• Flexible start date leases accommodate uncertain delivery times for 78% of affected orders.

The bottom line for equipment sellers: While supply chain disruptions continue to pose challenges, creative financing options can help you…

• Navigate supply chain uncertainties
• Maintain sales momentum
• Sustain customer relationships
• Gain a competitive edge

TimePayment can help. Our financing solutions can help you lock in sales and offer customers more flexibility. And since we’re happy to finance used equipment and offer support for qualified start-ups, our financing supports bridge solutions during supply chain snarls.