What is a direct lender?  – AP Financing

A direct lender is a monetary establishment or firm that gives loans or financing on to prospects with out involving intermediaries corresponding to brokers, brokers, or third-party establishments. Direct lenders use their very own funds to lend to debtors, which implies they make the lending choices internally and handle the mortgage course of from utility to approval and funding. 

AP Gear Financing is a direct lender and subsidiary of the Tokyo Century Company – one of many largest impartial financing corporations on the planet. Once you select to finance your tools with AP, you might be getting a number of advantages in comparison with different financing establishments. 

Listed here are some key benefits to financing with a direct lender like AP: 

Streamlined Course of: AP handles the entire transaction course of in-house from begin to end by our inner assets for gross sales, credit score, funding, tilting, insurance coverage, billing and customer support. We make our personal credit score choices, which implies a sooner expertise from utility to funding. This gives a seamless buyer expertise and extra responsiveness all through the method. 

Quicker Approval: AP has an inner credit score staff making our credit score choices. Fast decision-making and inner groups present simpler communication and sooner processing all through the complete funding course of. 

Customized Service: We imagine within the energy of non-public and concentrate on addressing your particular enterprise wants when financing your tools. Our business consultants work with prospects to search out the absolute best financing options for his or her enterprise and tools wants. 

Versatile Phrases and Cost Choices: AP is aware of totally different companies have totally different financing wants. AP can supply some flexibility in mortgage phrases, corresponding to 100% financing choices together with delivery and taxes, and customizable fee buildings. This flexibility permits us to finance extra debtors with particular monetary wants or constraints. 

Relationship Constructing: AP is relationship primarily based, versus transaction primarily based, which implies future enterprise is simply as essential as the present transaction. Almost 70% of our transactions in established industries like bundle supply come from repeat prospects, and roughly 50% throughout all industries. 

AP is a trusted direct lender with monetary backing from our mum or dad firm, Tokyo Century. Tokyo Century is likely one of the largest impartial financing corporations on the planet with working segments in tools leasing, automobility, specialised tools financing, and worldwide enterprise. Their assist permits AP business consultants to supply personalised financing options for the tools what you are promoting wants.