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Vendor Programmes

If you are a manufacturer of audio-visual, film, broadcast or pro-audio equipment, your customers may have restraints on capital budgets which restrict the amount of equipment they are able to buy from you, or perhaps you would like to encourage them to accelerate the timing of their capital expenditure. Paragon Bank Technology Finance can offer tailor-made vendor finance programmes that will:

  • Help you to sell more equipment by offering your customer a finance facility that meets their specific requirements
  • Help you overcome price objections by offering an alternative and additional method of finance
  • Enable you to stay in control of your customer’s buying decision

How does a vendor finance programme work?

  • Paragon Bank Technology Finance will provide all the expertise, knowledge and support to create a unique vendor finance programme that meets the needs of your business. There is no ‘one size fits all’ packaged solution, as every vendor’s needs are different.
  • As soon as you or your channel partners are engaging with a key customer, involve Paragon Bank Technology Finance as early as possible and we can work with you to structure a suitable financial solution which meets the customer’s budget constraints and your pricing requirements. We will also confirm whether we can approve finance for your customer on the proposed structure. If the decision is positive, you can close the deal with all parties knowing how and when payment is going to be made. When the finance documentation is signed and the equipment delivered, Paragon Bank Technology Finance will settle the sales invoice immediately, reducing your debtor-management.
  • Paragon Bank Technology Finance takes care of all the customer administration from then on and can keep you informed when the customer reaches pre-agreed upgrade and technology-refresh points, at which point we can agree a joint approach to make the customer’s upgrade experience smooth and easy
  • Your customer pays Paragon Bank Technology Finance in affordable instalments over the useful like of the asset, enabling them to keep up to date with the latest capital equipment.


 

Testimonials

I found that Paragon Bank Technology Finance were excellent to work with in that they understood the need for speed, understood my business plan and my financial analysis of the market sector and were able to confirm the finance in a very short time. They were also very flexible when it came to adding the cost of extra kit to the original purchase price. John Bartlett was very helpful and knowledgeable and made a very stressful transaction as easy as possible.

Stuart Clarke
MD, Wild Dream Films

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