Brokers Are More Valued Than They Think
Don’t assume you need to overcome a sales obstacle that isn’t there. False assumption: Customers are significantly less likely to do business with a broker than a traditional balance sheet equipment financier. The real deal: In a survey* of over 2500 recent small business equipment customers, nearly 7 in 10 didn’t show any preference to […]
Good News About Supply Chains From Frontlines
Vendors say supply chain issues aren’t improving. Our research reveals a different story. Here’s a surprising stat: 79% of equipment dealers surveyed believe supply chain issues are as bad or worse than they were in Q1 2022. Here’s the reality: 84% of manufacturer purchasing officers surveyed report “significantly improved” or “improved” supply chain conditions since […]
Who’s Driving Technology Lease Volume
This is a once-in-a-generation opportunity. We’ll help you capitalize on it. Labor shortages are driving a new era in digital transformation—even in the face of economic headwinds—and that creates a lot of potential for brokers. To help you target your efforts, here are the industries making major moves right now. By the numbers: In a […]
Customers Say They Would Use Greater Approval Amounts
Offering additional financing can help grow your sales. False assumption: Customers are unlikely to act on additional approved credit. The real deal: In a survey* of over 4000 recent equipment customers and 1100 equipment sellers, nearly 8 in 10 shoppers of commercial equipment would use credit amounts approved above their current equipment needs within 60 […]
What POS Customers Think About Recession
POS Equipment Acquisition Signals Remain Strong Despite Looming Headlines Will the news of a looming recession impact the amount of new POS opportunities in the next 6 months? Surprisingly, not that much. A recent survey* of over 674 POS customers revealed: 48% believe we are already in recession 79% believe we will be in recession […]
POS Systems Go Beyond Payments
Technology to Drive Efficiency & Retention Point of impact: Increasingly, merchants are seeking enhancements to POS software technologies to reach deeper into operations, enhancing: Scheduling Inventory In-app messaging Multi-location team management Toast is just the most recent example: Payments Dive: Toast acquires restaurant tech partner Sling Deliver more upside to curbside: Are you positioned […]
Rate Increases Aren’t Affecting Sales
Vendors think rate increases are hurting sales. So far, they’re wrong. Here’s a surprising stat: 74% of equipment dealers surveyed* believe interest rate increases are slowing equipment sales in the near term. Here’s the reality: 79% of customers surveyed* have no intention of slowing their capex investment in the next 3 months. Take a closer […]
TimePayment Raises Our Automated Approval Limit to $25K
We’re Improving the Selling Experience for Even More Businesses Get ready to close larger deals even faster: TimePayment has raised our limit for automated approvals for qualified applicants from $15,000 to $25,000! It’s our way to better serve both our vendors and end customers in the face of rising equipment costs. And it’s one more […]
One Million Equipment Leases Financed—And Counting
Our Dedication To Serving Businesses Of All Sizes Reaches Momentous Milestone It’s official: TimePayment has financed our MILLIONTH lease! This is an achievement more than 30 years in the making—a testament to our commitment to serving a wider range of businesses than most lease financing companies, funding equipment purchases from as low as $500 up […]
The Water Delivery Industry Research Top 5
The Water Delivery Industry Research Top 5 Our Roundup of Surprising Stats Each month, TimePayment accesses water delivery industry research to help guide you on making the most of today’s opportunities. This month, we evaluate areas of the largest growth opportunities and limitations.* By the numbers: Only 11 in 500 consumers were aware of the […]