Vendor Finance

Would you like to

         Make it easy for your clients to purchase your equipment?

         Receive a deposit payment on large contracts approved by our financiers?

         Earn a Referral Commission?

We can do ALL of these for you.

HOW WE INCREASE YOUR SALES

In todays difficult trading conditions, manufacturers and vendors of equipment must recognise the following factors to enable them to close more deals;

• Firstly, clients want to acquire your equipment for the purpose of using it to generate income and profits.
• Secondly, traditional bank asset finance will probably request your client to pay a deposit equivalent to 25-30% of the value of the equipment sought.These factors may well result in client being undecided and not wishing to pursue the deal. 
• Thirdly,  your client wants to acquire your equipment without depleting their working capital by not paying the crippling deposit requirements of their bank.

This is where your business may or will lose the sale.

Our Finance Package address these issues.

We at TESC understand the dynamics of business, the importance of working capital and cash flow to your clients business. Without it your clients business will not survive. So how can your client overcome this obstacle? Conversely, how does your business close the deal?

THE SOLUTION - JOIN OUR VENDOR PROGRAMME

Here is the deal we will present to your client.

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NO Deposit Requirements - your clients Working Capital remains intact

All premiums 100% tax deductible

Off Balance Sheet Finance - your clients other lines of credit are preserved.

Flexible repayment options to suit your clients cash flow.

Competitive rates.

Easy Ownership options.

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Why Vendor Finance works for your Business

• Your business will receive full payment of the contract price direct from the finance house within 72 hrs of equipment delivery.
• Your business will earn and receive a Referral Commission payment.
• You may request us to apply to our financiers for a deposit to secure materials on large contracts.*
  
• Your client will respond positively to affordable monthly repayments rather than large upfront capital amounts and/or hefty deposit requirements. 
• Your client will acquire the equipment they need without crippling their cash flow.

• We can increase your basket value sales - because of the no deposit requirement, your client will look to purchase more equipment from you.
• Your business will have its own equipment financing arm without the accompanying overhead structure.
  
• By controlling the finance procedure your business will control the sale.
  
• Your business will remain in contact with client, increasing the potential to boost sales by offering clients upgrades during the contract term.
  

Deposit Advance

Has your business clinched a lucrative or large contract and your client does not have the facilities to either (1) provide you with a deposit to obtain materials or (2) your client is creditworthy, but funding will only be paid out upon the installation being completed? Your client is, in all probability, not aware of what we can do for him.

CALL US. WE CAN HELP YOU.

We apply, with clients consent, for our Vendors or Dealers to receive a substantial deposit payment. We provide this ancillary service to ensure that our Vendors do not prejudice their own cash flow or working capital reserves. More importantly, our Vendors can now get the job done without any adminstrative sideshows and its related stresses. This concession is subject to certain criteria being met.

Our Deposit Payment conditions are as follows: 

• Deposit required by Vendors or Dealer is to secure necessary materials for contract commencement.

• Amount required not to exceed 40-45% of approved contract amount.

• Approved client must consent in writing to the deposit application.

• Client to consent to paying premiums on full rental contract amount upon vendor or dealer receiving the required deposit.

In the event of Client only wanting to pay a monthly premium on the advanced deposit amount, then the Finance House may request Client to enter into TWO separate rental agreements, one rental being for the advanced deposit amount and the other for the balance amount once it is paid out.

What we request from you and how the process works. Its simple.

Provide us with a full copy of clients invoice, setting out equipment details & amounts, V.A.T etc...

We will then forward your offices a rental finance option incorporating flexible repayment schedules and options.

The Equipment finance quotation will reflect and incorporate all the benefits of Rental Finance - No Deposit / tax advantages etc...

We request that you attach the finance proposal to your own quote.

Our finance proposal is, of course, not binding in any manner whatsover.

Your client will then have a welcome choice to compare and elect whether they will (A) approach their own bank with its traditional deposit requirements or (B) whether they prefer our equipment finance package with its no deposit requirements and other perks.

We are confidant that our finance option will make the most business sense.

We then close the deal for you!

We request and attend to all preparation of required documentation, lodge the application and keep in constant contact with you.

Payment Procedure

Your business will receive full payment of the full contract price within 72 hrs of equipment delivery and verification by client.

Your business will receive payment of a Referral Commission directly into your account.