Drive More Sales with These Tips for Promoting Vendor Financing
As an equipment manufacturer, promoting financing options effectively can significantly enhance your sales strategy. Here are some ways our partners promote their financing options to potential buyers: Communicate Benefits First, it’s essential to clearly communicate the benefits of financing to your customers. Many businesses might…
Balancing Seasonal Cash Flow with Deferred Payment Programs
Running a business means navigating through periods of fluctuating demand. Whether it’s the peak of a busy season or the lull of a slower period, managing cash flow and maintaining operational efficiency can be challenging. One effective financial tool that can provide significant relief during…
The Role of Financing for Equipment Vendors
Maximizing profit is essential for success for all business types, especially equipment manufacturers and vendors. While traditional strategies focus on cutting costs and increasing sales, forward-thinking vendors are turning to customer financing solutions. By teaming up with a lending partner and offering their customers financing…
Working Capital Loans vs. Lines of Credit: Choosing the Best Option for Your Business
When it comes to managing cash flow and meeting short-term financial needs, businesses often turn to working capital loans and lines of credit as viable solutions. However, understanding the differences between these two financing options and determining which one is best suited for your business…
Leveraging Equipment Financing in Times of Economic Uncertainty
During periods of economic instability, financial resilience is crucial for small businesses seeking to weather the storm. One powerful tool that businesses can utilize during these times is equipment financing. Equipment financing can serve as a safeguard for businesses, providing them with the peace of mind…
Riding the Wave: How Technology Trends are Shaping the Future of Equipment Financing
Technology is an integral part of our lives. It transforms the way we do things at home and is quickly driving innovation within traditional business models. The financing industry is no exception to this trend as tech advancements change the way businesses access capital and…
Financial Partners Group Reports 33% YoY Growth and 59% Increase In Its Workforce In 2022
Financial Partners Group (FPG), one of the country’s most experienced and diverse commercial equipment leasing sources, celebrated another year of record growth and expansion, closing FY22 with $490MM in origination volume. FPG’s maturity in core markets, expansion in new segments, and focus on growth teams drove the…
Financial Partners Group Sees Record Quarter with $122MM in Q3
Financial Partners Group (FPG), one of the most experienced and diverse commercial equipment leasing sources in the country, today announced its highest quarter in company history. FPG, closed a record $122MM in origination volume during Q3 2022. The record quarter comes with 70% year-over-year growth in…
Customer-Focused Partnerships Drive Success
By Jeff LaLima Growth is just one way to measure the success of a business, and frankly, I’ve always viewed happy customers as the best indicator that we at Financial Partners Group are doing something right. That said, am I opposed to our company being…