Why Small Businesses Should Offer Financing Through A Vendor Leasing Program

Happy couple signing paperwork on a meeting with insurance agent in the office.

A vendor leasing program is when a vendor partners with a third-party leasing and financing company to offer leasing opportunities for the vendor’s clients. Obtaining a leasing partner is highly beneficial for small businesses that would like to lease their equipment but don’t have the means to do so. Typically, a vendor leasing program will offer low monthly rates as a way of generating interest for a vendor’s potential clients. If a vendor does not have the resources to offer an in-house leasing program, a leasing partner can offer leasing programs to the clients on behalf of the vendor. This can be a highly valuable resource to small businesses. Vendor leasing creates a number of benefits for small businesses.



Vendor Leasing Benefits

Gain Repeat Clients
When a client leases from you instead of buying your equipment outright, they are given the opportunity to upgrade equipment when the initial lease is completed. When the first lease is coming to an end, show your clients any new technology that has come out since their original lease and offer them an opportunity to upgrade. This allows your client to access the most up to date equipment and will encourage repeated transactions to upgrade to new technology. This incentive to continually lease new technology will benefit the vendor, as it both increases profit and ensures the client continually leases with you.

Build Client Relationships
When a company offers financing, it builds the trust of clients as your business continues to address their financial issues. It also develops great follow-up opportunities that not only allow your company to have continued business with clients but that also allows your clients a chance to continue working with a company they already have an established relationship with.

Grow Your Client Base
When you offer financing through a vendor leasing partnership, your client can lease directly from you instead of searching for financing solutions through other parties or institutions. This will draw in clients and allow them to simply and easily apply for leasing in-store instead of going elsewhere to acquire financing.

Financial Assistance And Guidance Are Available
A great vendor leasing partner can create leasing plans that are favourable for your business while also benefiting your clients. An expert financial planner will ensure the leasing programs put in place at your business will generate client satisfaction while ensuring profitability for your business. When you partner with a leasing company, you not only receive the financial benefits offered through vendor leasing, but you also gain access to the experience and expertise garnered by your leasing partner. Your leasing services partner can help give certain financial advice and work with you to create leasing plans that are highly desirable to clients. Working with an experienced vendor leasing partner simplifies leasing while increasing profits. This is highly beneficial for small businesses that don’t have a large financial strategy team.


Vendor Leasing Through First Capital Leasing

Help your small business thrive by partnering with First Capital Leasing. Our preferred vendor program can help eliminate financial barriers while driving sales and generating profits. Our team will work with you to assess your company goals and how equipment leasing and vendor financing can be optimized to suit your small business. Our equipment leasing experts will help you develop a vendor financing plan that will make your equipment affordable to your client base while also ensuring you have adequate cash flow. To join the vendor loyalty program and start offering financing to clients through a vendor leasing program, call First Capital Leasing at 1-888-251-3644 or fill out the online contact form.



Q: How can my clients apply for loans and leasing through your Vendor Loyalty Program?
A: First Capital Leasing will manage the paperwork, including providing your clients with customized loans and leasing applications that fit your business’ needs and timeline. 

Q: How do I apply?
A: We have an easy-to-navigate application process. Apply Here. And once you have applied, there is no need to apply again as we keep you on record and we will continue to partner with you for all your business financing needs.

Q: If my company is not based in Calgary or Alberta can I still use First Capital for equipment leasing?
A: Yes, while First Capital is based out of Calgary, our commercial leasing services are not limited to Calgary or Alberta.



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