- Eight out of ten businesses finance their equipment purchases
- A monthly payment option eliminates price resistance and shortens the sales cycle
- Customers have come to expect equipment sellers to automatically offer their products with a monthly payment option
- Offering financing at the point of sale makes it easier for your customers to buy rather than having them do the work to find their own financing
- The IRS Section 179 deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software financed during a particular tax year
FAQs About Offering Financing
Why does it make good sense to offer financing options for your equipment sales?
What is LCA's average turnaround time for credit decisions?
For Applications under $150,000 the turnaround time for credit decisions is 2- 4 hours. Applications over $150,000 may require additional time.
How do I get started?
- Please call us at 800-800-8098 or send us an email.
- After speaking with an Account Executive, you will be asked to submit an Equipment Supplier Profile to become an approved LCA equipment provider
- Once you are an approved provider, you will be provided with documents including a Credit Application and a sample Finance Agreement
- You will also be provided training by your dedicated Account Executive, walking you through the steps to use equipment financing as a tool to close more deals
- Based on your needs, custom marketing materials can be created to help your promotional efforts; this could include: Digital Program Flyers, Proposal Generators and Rate Sheets
Why should you use LCA as your equipment financing partner?
- Competitive financing rates with LCA Bank Corporation
- FREE Proposal Generator - create a professional lease quote just by entering an equipment cost
- FREE Marketing Support - LCA can work with you to create promotional flyers to promote your lease program
- Pre-funding up to 100% available - subject to equipment provider approval
- Syndication desk for marginal and start-up credits
- For Applications under $150,000 the turnaround time for credit decisions is 2-4 hours. Application over $150,000 may require additional time.
- LCA will prepare all lease documents
- eSignature lease documents
- Standard and specialized financing programs including LCA's 12-Month 0% Interest or Zero Down, 90 Days Deferred
- Prompt service - dedicated LCA Account Executive and same-day funding available
- LCA is a direct funding source with its own banking subsidiary - LCA Bank Corporation.
How does equipment financing benefit my customer?
- Fixed Payments
- Little to Nothing out of pocket
- Financing of Soft Costs
- Avoid Equipment Obsolescence
- Potential tax deduction with IRS Section 179
Become an LCA Equipment Supplier
Start offering financing to your customers with LCA.get started