Sales Aid Finance
Sales-aid or Vendor finance is the term used to describe the finance facility provided by a manufacturer or supplier of high value items. As the name suggests it is used as an aid to a sale helping the supplier increase both the number of sales and their net enhanced profitability of the units financed. The facilities are usually offer on a “business to business” basis but can also be attached to consumer purchases – and example of which would be a car dealership offering finance to its customers. Typical assets would include yellow plant, manufacturing machinery, office equipment and IT related items, commercial vehicles, food production lines and any items that generally sell for more that £5000.
ECS have a panel of Premier funders that are used to provide full funding facilities to your business and include hire purchase, finance lease, contract hire, Lease purchase, operating lease, long term hire and “sale & leaseback”. Because of our diverse panel of funders we are able to offer funding to all UK based businesses from new starts right through to the largest Plc and Public Sector businesses. Those clients who may have experienced financial difficulties in past or at the current time can also be assisted within the sales-aid programme.