Here’s how brokers can capitalize on the surge.
📈 Here’s a surprising stat: In 2024, 28% of brokers report an increase in application flow for smaller ticket transactions under $50,000.
Why it matters:
- Smaller-ticket equipment financing is booming.
- Finding the right funding sources can help brokers keep a steady stream of revenue. (See how TimePayment can help.)
Dig deeper: Our research partner sees the following trends:
- ⬆️ Increased volume: Demand for financing of smaller assets is growing as businesses look for budget-friendly solutions.
- 🐇 Fast approvals and higher close rates: Brokers who offer streamlined financing options are seeing quicker deal closures.
- 💰 Ongoing fee income: As smaller transactions increase, the right finance partner can help brokers sustain a steady stream of revenue.
Takeaway for brokers: Tapping into smaller-ticket financing now could be the key to maintaining strong deal flow and steady income.
TimePayment is your smaller-ticket expert. Our dedicated financing solutions are designed to support brokers with flexible, fast funding options tailored for small-ticket transactions.
- Get started: See how TimePayment can support your smaller ticket financing deals. Reach out to our Broker Desk today.
Source: Proprietary 2024 Sawbux survey
