A shift we haven’t seen in a decade
The state of play: Vendors have entered 2024 encouraged by the state of the market and by relatively strong demand…but they’re significantly concerned about their ability to offer finance solutions to meet the demand.
By the numbers: Here’s how that uncertainty plays out in the data:
- In our survey of over 3300 equipment sellers across the United States, here is a breakdown of finance provider “switching sentiment” by asset class:
Takeaways for brokers: The number of vendors open to a change in the lineup of their finance partnerships is the highest it’s been in a decade, since we began surveying this audience in 2014.
- Openness to change is now larger than it was during the 2008–2009 financial crisis.
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 flexibility to get deals done for vendors struggling to find capital solutions right now.
Take action: To discuss a vendor opportunity, reach out today. Or sign up now to get started.
*2024 Sawbux Greenwich Study of Commercial Finance Decision Makers
