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 this time last year.
Take a closer look: In a recent study* of more than 600 manufacturer purchasing officers for capital equipment manufacturers, our research discovered that while the pace of improvement has slowed, improvement has been significant year-over-year.
Takeaway for brokers: While supply chain problems persist, they are better than most vendors think. Backlogs are being fulfilled, and in some asset classes, things are returning to a more normal state. Now is the time to share this information with your network, so they can make the most of their opportunities now.
TimePayment can help. We help brokers like you say “Yes” to more customers, by offering best-in-class equipment lease financing, industry-leading technology, access to API, and superior account service, training, and back-office support. TimePayment has helped over one million customers with transactions from $500 to $1.5MM+, and brokers rely on TimePayment for the speed, convenience, and technology solutions they need to grow.
Get started: It’s fast, easy, and free to sign up. Approved brokers start with lease finance programs like $1 Buyout, Lease-to-Own, Fair Market Value, 90 Day Deferred, and our exclusive TurboLease. Visit our Broker page if you want to learn more or contact us if you want to discuss how we can help your business.
*The 2022/2023 Sawbux Greenwich Study Of Commercial Finance Decision Makers