FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Blogs / Read Blog

Print

Five Point Capital Announces New Vendor Advantage Program

July 06, 2012, 06:28 AM
By
Topic: Industry News

Five Point Capital has introduced a new program to generate business referrals from vendors it has served in the past. Named the Vendor Advantage Program, vendors who sign up are provided access to sales and support tools from Five Point Capital to help find financing for customers who want help to purchase equipment.

“Small businesses that need to acquire additional or replacement equipment can find the product through local stores or other sales representatives,” says Dave Gilbert, CEO of Five Pont Capital. “What they can’t find all the time is the financing to help them buy the equipment. Banks haven’t been aggressively serving this type of customer for a long time. So it is alternative lenders like Five Point Capital that have come in to fill this need.”

Since his return to the company as CEO in February of this year, Gilbert has brought in new management and new processes. “I saw a lot of opportunity in both the marketplace and in the company itself. The leasing business is a growth opportunity. And if we want to grow as much as I think we can, one of the areas we need to penetrate is serving the vendor marketplace. It is a pretty common way to generate business in our industry, and we have not put the focus on it we could. Since we already work with thousands of vendors every year, it is a pretty simple next step to start asking them for more business.“

The Vendor Advantage Program is available to vendors who sign up by going on-line to fill out a simple application form. Once set up, vendors receive materials and access to help their customers apply for equipment leasing or working capital loans. To help kick off the program, Five Point Capital will pay incentives for referred deals at least through the end of the year. For more information or to sign up, go to http://www.fivepointcapital.com/vendor.

Five Point Capital has been providing financing options to small businesses across the country for well over a decade. Five Point Capital's mission is to be the company that best anticipates, understands and enables the growth of small business owners throughout the United States. Whether the need is equipment leasing, merchant cash advance, small business loans or credit card processing, Five Point Capital has established small business funding opportunities that keep businesses growing.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.