Rate Increases Aren’t Affecting Sales

79 percent reported no intention of slowing capital expenditure

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 look: In a recent study of more than 2000 equipment sellers, our research discovered that buyers are still actively investing in capital expenditures.

 

Rate Increases Not Affecting Spending

 

Takeaway for brokers: Headwinds are always present. But don’t let negative headlines create a perception that isn’t reality. There are plenty of strong companies still investing in growth despite rate increases—and you can help them when they need it most.

TimePayment can help. We have over 30 years of experience working with brokers as a trusted source for their deals starting at $500 and reaching $500,000 and beyond. Contact us to discuss how we can help you make the most of your opportunities.

 

*2H22 Greenwich | Sawbux Survey of Commercial Finance Decision Making

Related articles

dollar puzzle with piece missing

The Best Thing for Your Bank Relationship

Finding Diversification in Your Sources of Capital Many of you may feel your banking relationship is increasingly complicated. Bankers are under more and more ...

Vendors and resellers are 3.4 times more likely to include higher margin services when leading with a payment.

Leading with a Payment Works

1 Easy Way to Sell High-Margin Services Here’s a stat that should get you excited: Since March 2021, there’s been a 48% increase companies “highly interest ...