Fast Fact
The main reason why equipment leasing continues to grow is that leasing meets the needs of so many types and sizes of companies.
The Challenge
Your customers are knowledgeable about leasing. It has become a standard financial tool. Business customers are turning to extremely accommodating non-bank competitors for equipment leasing services. How much loan business is your bank losing to these companies?
- Over 97% of small businesses that lease equipment obtain financing from sources other than banks.
- 66% of small business equipment is financed through sources other than banks.