What is vendor financing?
Vendor financing programs are developed for manufacturers, product resellers and distributors to enable their customers to acquire products and services now and pay over time. CIT Vendor Finance partners with leading manufacturers and product resellers primarily in the technology, telecommunications and office equipment industries to provide lending and leasing solutions tailored to their specific markets and individual business strategies.
- How does vendor financing work?
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- What are the benefits?
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For manufacturers and product resellers:
Sell more equipment
Improve cash flow and liquidity while preserving capital
Close sales quickly
Establish new relationships and increase customer loyalty
For their customers:
Predictable, low monthly payments
Reduce upfront costs and preserve capital
Flexible pay structures
Ability to bundle transactions
Keep up with changes to technology
Potential accounting and tax advantages
