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Hampton Vendor Finance: SELL MORE ญญญญญญญญญญญญญ LESS RISK
Hampton Vendor Finance partners with manufacturers, distributors, resellers and retailers to build and manage broad-based customer financing programs that work.
By working with Hampton Vendor Finance ("HVF") companies can engage a professional team with over 50 years experience cultivating strong industry
relationships, managing financial partners and pioneering successful, customer-focused, financing programs and services.
To keep your business competitive, you must be able to meet the needs of your customers. This includes higher credit lines as well as extended payment
terms. Your business must also stay healthy and avoid losses due to bad debts. Credit insurance is a risk management tool that can provide concrete
solutions for the competitive or risk issues you may be facing. A credit insurance policy may indemnify a company for all or part of a loss incurred due
to non-payment by one of its customers. Credit insurance can be used to cover one account or an entire portfolio. Our credit insurance programs are
customized to meet the varied needs of our clients. They can be used to cover domestic or international accounts, or both.
Hampton Vendor Finance will secure the right
credit insurance program that can help your
company:
- Increase sales by expanding into new markets without increasing credit risk
- Obtain better rates and terms when financing receivables through banks or other financial institutions
- Protect your company from unforeseen losses due to bad debt
- Offer higher credit lines
- Offer more competitive repayment terms to customers
Example 1: Your company wants to
increase sales by expanding into a new
geographic area. Unfortunately, your ability
to assess credit in that market is minimal. By
allowing the credit insurer to use their
expertise in assessing credit in that market
place, your company can enter that market
while limiting your risk. The credit insurer sets
a credit line that is automatically insured
under a policy. Your company sells to the
customer knowing that your risk is limited
due to the insurance policy.
Example 2: Your company sells capital
equipment on a global basis. Many of your
customers require 3-year repayment terms to
purchase the product. Your cash flow allows
you to offer those terms but you are concerned
about the risk. A credit insurance policy can
allow you to obtain coverage for all or part of
that risk.
Example 3: You know your customers
better than anyone. Your company has
standard credit and collection practices that
are used consistently. Your losses have been
relatively low but you are concerned about
risk in general. A credit insurance policy can
allow you to use your normal practices and
procedures and automatically have those
accounts covered under a policy without
obtaining individual approvals from the insurer.
Best Outsourced Solution: AIM (Assess, Implement, Manage)
HVF's approach is to fully assess client goals
and needs, implement the appropriate programs
with the best financial partners and manage
programs to ensure maximum results. Given
our proven success in building and managing
captive finance companies, we provide a true
vendor's perspective to outsourced customer
financing.
For more information on how HVF can customize an inventory financing program that meets your specific needs please CLICK HERE and Tom Mace, our Managing Director, Short Term Financing will contact you. For Tom Mace's background CLICK HERE.
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