Vendor Solutions  

For 20 years, the focus of VAR Resources has been the information technology sector. We only lease IT products, we only deal with IT vendors, and we only assist customers purchasing IT equipment.  There are hundreds of companies that provide equipment financing, but very few work solely in the technology arena. Our company is completely invested in the IT industry, just like you. When trying to pick a strategic business partner to align yourself with, ask this one question: Who would you trust with your house, the person who lives in your neighborhood or the person that only visits when the weather’s nice?

Over 3,000 IT vendors have chosen to do business with us and here are just a few of the benefits they’ve enjoyed as a result:

High Approval Percentage

Using a number of credit programs specifically designed for technology products, we are able to maintain an approval percentage well above industry average. By approving over 85% of all applications we decision, we are able to offer our vendor partners a much greater opportunity to close transactions.

Fast Approvals

We have a stream-lined application process that allows us to approve applications very rapidly. Even if the file requires in depth review, including financial analysis and reference checks, we can usually issue an approval within 24 hours.

Personal Credit Review

Even though we strive for quick credit decisions, we won’t make them at the expense of the transaction. We don’t put deals, regardless of the size, into automated underwriting. Meaning we don’t let a computer make the credit decision, a highly trained credit officer searches every file looking for a reason to approve it. Even when our credit officers decline a file, they give us a list of items that could help the client get approved upon being resubmitted. 

Fraud Prevention

The equipment leasing industry is overwhelmed by fraudulent transactions, and ultimately the costs associated with those transactions are passed along to every level of the channel. To combat the rising costs associated with fraudulent
leases, we have implemented one of the industry’s most intensive fraud screening processes. This fraud screen protects us and our vendors, and we offer the service free of charge on every deal. 

Pre-approval

How many times have you spent hours, weeks, months working with a customer only to find out later that the customer can’t get approved? As part of our vendor programs, we will review the customer’s credit during the sales process to let you know if the customer is credit worthy.

Assigned Financial Representative

When we setup a vendor program with you, we will assign your company a specific account manager (or account managers depending on the size of your organization). They will act as your company’s personal leasing expert. You can utilize them to work with your customers financial team (project manager, CFO, controller) to build leasing solutions. They can also assist you with training your sales reps to effectively offer leasing to your clients.