What the numbers tell us
The logjam created by a tight credit environment and rising application volume across most industry sectors has created a once-in a decade opportunity for brokers.
- Looking to get deals done, equipment sellers are MORE INTERESTED in broker solutions than at any point in the last 9 years.
By the numbers: In our survey of over 3,800 equipment sellers across the United States, here is a breakdown of the trend by asset class:
Takeaways for brokers:
- As traditional lenders pull back and vendor app volume grows, creative, flexible finance alternatives become even more essential.
- The data shows that NOW is the time for brokers to push hard into growing existing vendor volume and establish new relationships.
TimePayment can help. With flexible monthly payment options for equipment needs starting at $500 and reaching to $500,000 and beyond, you can trust our innovative technology tools and creative capital solutions to give customers the options needed to scale up with confidence.
*2023 Sawbux Greenwich Study of Commercial Finance Decision Makers