Do you offer products and/or services to other organisations? When you offer your customers the option to spread the cost of their purchase over time rather than paying in an upfront lump sum you add a powerful sales tool to your belt.
Of course, in addition to enabling customers to get what they need without short-term budget constraints while keeping cash in the bank, finance also unlocks some big benefits for you.
Here we explain how offering finance to your customers can benefit your organisation and how it would work.
Using the Bluestone portal you can generate an instant finance quote for your customer, including how much their finance payments would be, likely interest rates, and the repayment period.
We can help you to explain the pros and cons of finance to your customers, as well as any potential tax savings they may unlock either through speaking with them directly or through co-branded marketing collateral, social media assets and more. Click here for more information.
Submit your customer's application directly via the Bluestone portal. Once we have received all the necessary information and supporting documentation, the application will be processed.
In some cases you will receive an instant decision, but if not you will be able to track the progress and detail of every customer application in your Bluestone portal dashboard.
Once the application has been verified and approved the customer will receive a formal offer letter. When the customers signs their documents, their funding is secured.
The pay out will then be requested and you should receive full payment within 72 hours.
Enabling customers to spread the cost of their purchase over time can free them from budget constraints, increasing their order values by as much as 30% on average.
Giving your customers more financial flexibility to improve their experience makes them more likely to renew with you when the finance agreement comes to an end.
If you are looking to win business from your competition, offering finance is a great differentiator and represents added value, helping you stand out from the crowd.
We are experts at arranging finance and, thanks to our online portal, the process is simple, efficient and places no additional burden on your organisation.
As the funder(s) ultimately provide your customers with the finance, this removes any debt risk from your organisation.
Once a finance arrangement goes live, you will typically be paid within 72 hours which for is great for your organisation's cash flow.
We pride ourselves on the energy and commitment we put into supporting you with sales tools, marketing collateral and your dedicated account manager.
Bluestone Partner: Absolute Commercial Interiors
Bluestone Partner: Softcat (IT Software)
Repayments will vary depending on the lender and the type of financing you choose. Generally, repayments have fixed repayment terms and interest rates, whilst others have a variable interest rate based on the time it takes for invoices to be paid.
The application process for asset finance typically involves completing an application form, providing relevant documentation, such as financial statements, and undergoing a credit assessment. We aim to make the application process as streamlined as possible.
The eligibility requirements for asset financing will vary depending on the lender and the type of financing you choose. Generally, lenders will look at your credit score, revenue, and financial history to determine your eligibility. Some lenders may also require collateral or a personal guarantee.
The timeline for securing asset finance can vary depending on the complexity of the financing arrangement and the specific requirements of the borrower. However, we work closely with our clients throughout the process to ensure that their financing needs are met in a timely and efficient manner. Key steps in the asset finance process typically include loan sourcing, loan structuring, loan negotiation, and loan closing.
Bluestone is able to offer finance for a wide range of assets, including but not limited to vehicles, agricultural equipment, machinery, and commercial properties.
Yes, there are some assets that may not be eligible for leasing, such as intangible assets such as patents or trademarks. This is because these assets cannot physically be used or sold by the lender as collateral.
Asset finance is a type of financing that allows organisations to acquire assets, such as equipment, vehicles, or property, without having to pay the full upfront cost. Our asset finance services provide a range of options to meet the specific needs of your business, including leasing, hire purchase, and loan financing.