Compound Profit Blog

ProntoLease is Compound Profit’s “micro ticket lease” financing option and can be used for products that cost from a few hundreds of dollars to tens of thousands of dollars. It’s the perfect financing option for business owners that want to increase their sales and profit by providing a quick financing alternative to their customers.

ProntoLease is a great choice for end-users that have a less than perfect credit score or for the ones that don’t have any credit; nevertheless, it is a perfect match even for the end-users that have a perfect credit score and are looking for a financing option that’s suited for small value products and / or are aware of the potential tax benefits that arise from using this financing option.

As an example, many small businesses that are in the “signs and vehicle wrap” market use our micro ticket leasing product, because it’s a financing option that increases their sales in an area where, because of the small profits, no other financing company is interested in. The advantages for the “signs and vehicle wraps“ business owners are obvious:

- You benefit directly by having access to a financing option from a company that has a greater approval rate than any other leasing company on the market;

- You can attract clients that can’t afford to use cash, credit cards or bank loans to acquire their signs and wraps. In fact, ProntoLease works fine even if your clients have poor credit or have just started their business;

- The approval process can take as little as 24 hours;

- Get the chance to up sell new clients and cross sell existing clients, giving them an alternative that eliminates their existing budget restrictions;

- ProntoLease pays your vendors half of the money up front, motivating them to more forward much more quickly with your orders.

We think that the most important benefit for the business owner, though, is the partnership that forms between his / her company and Compound Profit. Our success depends on your success, so we will offer you the best financing options in the industry, making sure that they are tailored for your specific needs. ProntoLease is just one of our many business financing solutions, so contact us today.

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Does Compound Profit’s ProntoLease Financing Option Help Close More Vehicle Wrap Sales?

Just ask Robert Butcher, owner of J&R Graphics. Robert and his wife Julie own a full service commercial signage business in Denver, Colorado.

Robert recently closed a vehicle wrap financing deal for multiple wraps using the ProntoLease financing option for his client.  Robert advises that… "Originally my client was interested in wrapping one vehicle with a cost in the $3,000 range. The client liked the proposed wrap design that we created and presented for his approval and wanted to wrap multiple vehicles in his fleet, but he also wanted to conserve his cash. 

Compound Profit’s ProntoLease financing option was the perfect solution for my client. My client was able to wrap four vehicles in his fleet with full and partial wraps and we uplifted a $3,000 sale to $6,800. Compound Profit pays me 50% of the purchase order upfront and the remainder immediately upon completion and acceptance of the job by my client. My customers need only complete a single one-page application form and fax to Compound Profit along with my written quote. No tax returns, no financials and no collateral are required from my customers. We get a response from Compound Profit’s Processing Department within 24 hours, allowing us to quickly move forward with our customers wrap”.

Robert and his wife Julie are keenly aware of the cash flow challenges of their signage customers due to the recent turmoil in the money systems and find that the ProntoLease financing option is helping them make sales that they would otherwise lose.  Robert advises that customers who would normally be able to pay cash for a job are often finding that banks have severely limited their credit line or capped it altogether.  Banks that were regularly offering working capital micro-loans to their business clients in the past, are now declining such loans.

Robert advises that the key to closing more sales using the ProntoLease solution is to… "Incorporate ProntoLease financing option in every proposal, so that the clients knows that they can preserve their cash and still get the signage that they need to leverage exposure for the business in the local market center".

If your company is located in the Denver area and you are considering a vehicle wrap, commercial signage or a specialty graphic to increase exposure for your business, contact Robert or Julie at 303-478-1773 for a courteous discussion and professional advice.  Visit their web site and click on “VEHCILE WRAPS” for an expert’s overview of why a wrap can improve your business.  Vehicle wraps is just one of eight areas of expertise of JandR Graphics.

Robert Jacobs is an Account Executive with Compound Profit.  Mr. Jacobs helps small to medium size business owners get capital for growth and cash for operating expenses… when the bank has to say no. Visit his web site at http://www.cprofitrj.com  for more information.  He can also be reached at (877) 386-3716, ext 134.  Learn more about Compound Profit’s SMART CAPITAL ADVANCE solution for business owners and for bankers at http://www.smartcapitaladvance.com/jacobs

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As a company that finances auto wraps for advertising purposes, Compound Profit receives calls every week from the vehicle wrap vendors and from businesses that consider using vehicle wraps advertising and need financing options. 

Because of the turmoil in the banking systems now and the uncertainty in the economy, many banks that regularly made micro loans for the small business community in the past, are now declining those funding requests.

Compound Profit’s ProntoLease financing for vehicle wraps and other types of commercial signage fills a financing void and has become very popular with wrap shops and their customers.

We recently financed a vehicle wrap for a customer for one of our approved ProntoLease Vendors, Signs Now, in Fort Meyers, Florida.  The vendor owner, Udo Upeslacis, advises that the financing option provided by CProfit’s ProntoLease program helps him close vehicle wrap sales that he would otherwise lose. Signs Now is one of only six PDAA certified shops in Florida and the only PDAA shop in Southwest Florida.  If you are located in Southwest Florida and are in need of a quality vehicle wrap or other commercial signage, contact Udo at 239-277-0553.

Udo advises that… “Customers who want multiple wraps for their company vehicles often suffer sticker-shock and want financing options other than cash or credit cards.  The ProntoLease program allows them to finance their wraps with a single one-page application, no tax returns, no financials and no additional collateral. They can also enjoy tax advantages when they use the ProntoLease financing option.”

Based on the number of inquiries that Compound Profit receives from B2B owners who want to promote their goods and services, I believe that they are finding the vehicle wrap mode of advertising to be very productive.  The ProntoLease financing option allows them to take advantage of the many benefits of a vehicle wrap.

Compound Profit began offering lease-financing on vehicle wraps in 2008 and the demand has grown significantly. We advertise nationwide for vehicle wrap vendors / dealers and their customers who are seeking financing options other than cash or credit card. We pass along those leads to our approved ProntoLease wrap shop vendors across the country.

In summary, vehicle wrap vendors and their B2B customers find that this type of advertising offers a very good Return on Investment (ROI) when they can get short-term financing for their vehicle wraps for as little as $99.00 per month.

Robert Jacobs is an Account Executive with Compound Profit.  Mr. Jacobs helps small to medium size business owners get capital for growth and cash for operating expenses… when the bank has to say no. Visit his web site at http://www.cprofitrj.com  for more information.  He can also be reached at (877) 386-3716, ext 134.  Learn more about Compound Profit’s Smart Capital Advance solution for business owners and for bankers at http://www.smartcapitaladvance.com/jacobs

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Can’t Get Approved for Commercial Financing?  You do have options…

Business Owners, regardless of whether their sales have grown or taken a downward slide, have been hit by the increasingly stringent underwriting policies of most banks and other lenders.  Creditors have found it difficult to approve businesses for credit amidst new and stricter banking regulations.  Even businesses that are financially stable, with good credit, and a long-term track record are finding their credit limits lowered and difficult stipulations added to other loan requests.

Business owners often do not realize they have options outside the traditional lending sources.  Compound Profit offers commercial financing options.  If you need equipment, we can finance most types of equipment, even for start-up companies.  If you need cash flow, we offer programs that can provide the cash you’ve been looking for…. and often without going into debt!  If you need short-term funding to acquire products from your supplier, we can help you with purchase order financing. If you need to purchase or refinance commercial real estate, we can help you with that too.  

We have access to a multitude of lenders in each of these areas of lending and we have the ability to match your needs with a lender who can approve your request.  Whether you have been declined due to credit challenges or just because you are too new in business, we will work to get you approved.

Compound Profit is a business funding and advisory corporation, assisting small and mid-sized business owners in need of working capital and equipment financing.  We have an experienced team of consultants located throughout the United States.  Working with the business owner, we create solutions to overcome their obstacles.  Consultations are free, as are the financing proposals. 

If you are a business owner who has been struggling with cash flow, or who feels hindered by tightened lending policies, there are other options.  Compound Profit can show you those options.

Debbie Browning, Compound Profit Advisor

Phone: 877-386-3716  ext 219

Fax: 888-719-6219

dbrowning@cprofit.com

http://www.cprofit.com

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To Wrap or Not to Wrap? Measuring Return On investment for car wrap advertising & financing

Do you often wonder if you are getting the best value from your marketing investments? You are not alone. As a business owner, you know that advertising is the key to sustained business growth; but how can you be sure that the company’s message is reaching potential customers? Determining the return on investment for advertising dollars is a major challenge for businesses. Marketing firms often suggest using multiple forms of advertising such as radio, television, newspaper, magazines, yellow pages, online campaigns, and direct mail but are reluctant to comment on potential results. And it is clear that business owners would gladly invest more in advertising methods if they could be more confident in their effectiveness.

How would you like to have a rolling billboard sending your message across town? Using a vehicle wrap, you can have your company’s name, telephone number and key selling message traveling the busy streets of your town. Car warps are vinyl advertisements that adhere to your car or truck and last for years without damaging your vehicle’s paint. They are vibrant and dynamic forms of advertising.

How can you be sure the vehicle wrap is working? Research from 3M has been able to determine the effectiveness of moving billboards, or fleet advertising, through the study of Global Positioning Systems installed in trucks and traffic counts. The study was performed by the Traffic Audit Bureau (TAB), an independent non-profit organization that authenticates the circulation of out-of-home advertising such as billboards. In the recent trial, one truck reached an estimated 40,585 people a day in Chicago, where an average Chicago billboard reaches about 48,000 people. While the exposure is comparable, the cost for fleet advertising is much less than the cost for traditional outdoor advertising, according to TAB. Polls also indicate that consumers are more aware of mobile billboards.

How can you calculate your return on investment for converting your company vehicle into a mobile billboard? Determine the dollar value of the average customer you serve. Divide that figure by your monthly lease payment to determine the number of customer your vehicle wrap must generate to pay for the advertising.

Print media, radio, television, and static billboard advertising can cost thousands per month. Yellow page advertising often costs several hundred dollars a month. Businesses can lease vehicle wraps through Compound Profit’s ProntoLease starting at $99 a month. I strongly believe that advertising your business by wrapping company vehicles should be the cornerstone of your marketing efforts.

Check out this article on car wrap financing to find out even more about the benefits of car wrap financing.

Stephen B. Lepley, MBA, D.Ph. - slepley@cprofit.com

Compound Profit Business Development

Phone: 877-386-3716  Ext 230

Cell: 423-605-4224

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Episode 1: How to Prepare for Equipment Leasing & Financing

Most business owners use leasing because they want to grow their business faster and can’t afford (or simply don’t want to) purchase the equipment they need outright. It’s a natural choice, because it allows your business to conserve its capital and sometimes might be the only choice you’ve got.

On top of that, the equipment loses its value as the time passes, so equipment leasing and financing can be a wise choice when you are dealing with products that depreciate in time. Another advantage: lease payments are tax-deductible, so they can help you get a bigger profit at the end of the fiscal year.

While getting a small ticket leasing is a quick process that can get you the needed money in less than 24 hours, even if you run a startup, have a low credit score, etc, a standard lease will get you a much larger amount of money; here is a list with the needed documents that will help you go through the process much faster:

- The total amount that’s needed for the equipment purchase. If you plan to buy equipment, make sure that you know how much it will cost;

- Overview of your business and Principals;

- The most recent business and personal financial statements;

- The invoices for the proposed purchase (if it is a new purchase) or the invoices from the original purchase (if it is a Sale-Lease-Back);

- The most recent 3 bank statements, the summary page;

- The most recent 2 years tax returns;

- Articles of Incorporation on business;

- Trade license or (DOT license if your business has to do with transportation / trucking);

- Commercial Lease Application;

- Personal credit report and / or D&B on business.

The banks have much stricter requirements and much longer waiting periods; the alternative financing companies have streamlined the process, accelerating it a lot and making it easier for a much broader category of businesses. Armed with the documents above, you will manage to shorten the approval process by a few days for sure. At Compound Profit, we offer several flexible equipment leasing & financing options at very competitive rates; check out our equipment leasing & financing packages to learn more.

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MacroAir Technologies (“MacroAir”) has announced its association with Compound Profit of Southern California; MacroAir will collaborate with Compound Profit of Southern California, offering CProfit’s ProntoLease program to finance its HVLS products.

Compound Profit of Southern California will offer inexpensive financing for all the companies that want to leverage the benefits of MacroAir Technologies’ products, allowing them to keep their available money for other uses.

Founded by Walter Boyd, who has invented the HVLS technology and being a family-owned business since its inception in 1995, MacroAir combines intelligent technology and a unique approach to physics, in order to produce fans that can be used in industrial, commercial, agricultural buildings or in farms. 

According to James Penny, CEO and founder of Compound Profit, we are “…Dedicated to Invoking Seismic Expansion in the Wealth and Success of Small Businesses…”. These words are true, since Compound Profit is the #1 brand in alternate financing.

George Douvas and Rajesh Gupta formed Compound Profit of Southern California in January 2010. Combined both George and Rajesh have over 40 years of business experience. Compound Profit of Southern California provides working capital solutions such as equipment financing, factoring (account receivable financing), purchase order / trade financing, commercial real estate financing, merchant cash advance, collection services and many more.

MacroAir’s association with Compound Profit of Southern California allows MacroAir to provide payment plan options to customers, enabling them to finance complete orders, while providing money-saving benefits to MacroAir customers.

For more information about Compound Profit of Southern California, please visit http://www.cprofitofsoutherncalifornia.com.

George Douvas, CEO and Managing Partner
Compound Profit of Southern California
(714) 585-5718
gdouvas@cprofit.com

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MacroAir Technologies recently announced their association with Compound Profit, also known as C-Profit. Through the collaboration with C-Profit, MacroAir will be offering the ProntoLease program to over 200 independently owned and operated resellers of MacroAir HVLS products.

Compound Profit® will provide affordable financing for companies who would like to leverage the benefits of MacroAir Technologies products, while keeping their available cash in the bank for other uses.

Founded by Walter Boyd, the inventor of HVLS commercial fan technology, and a family-owned company since its inception in 1995, MacroAir combines technology with a unique application of the laws of physics to produce air-circulating fans for use in large industrial, commercial, and agricultural / farm buildings.

Founded by James Penny, Compound Profit, the #1 Brand in Alternative Financing, is a National and International team of Profit Advisors with hundreds of years of combined business experience. Compound Profit® is dedicated to creating jobs, helping businesses grow and getting them compound profit by improving their cash flow, reducing their operating costs and increasing their bottom line. Compound Profit® does this through its franchise network of Profit Advisors, offering factoring services, equipment lease finance, purchase order financing, and MerchantCard finance.

MacroAir's association with Compound Profit allows MacroAir resellers to provide payment plans options to customers, enabling them to finance complete orders while providing money-saving benefits to MacroAir customers. For more information about Compound Profit, visit http://www.cprofit.com

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Did you ever think about wrapping your vehicle? It's a low cost, and yet very effective form of advertising. It's not a surprise that the car wrap industry is constantly receiving attention from companies, who want to get the biggest bang out of their marketing budgets.

Wrapping a vehicle with good looking branding and your contact information is an effective way to promote your products and services: your customers won't need to browse the Yellow Pages or the internet in order to find your contact information, because it is posted right there, on your car wrap. Nevertheless, many business owners aren't always willing to embrace this form of marketing because they aren't sure if they can afford it.

As an example, instead of purchasing a $4,000 car wrap, a company may settle for a $2,000 partial car wrap that doesn't capture the desired effect (just think about halving the size of the text on the wrap) and thus won't have the desired results. This might be a problem, but fortunately there is a solution: Compound Profit, a Texas-based franchise that provides funding solutions for businesses throughout the country, is stepping in to help with its ProntoLease micro-financing - a great option when it comes to car wrap financing.

The wrap shop can now offer their potential client the option of a low monthly payment, instead of asking a large chunk of cash on the spot. Suddenly, paying $140 per month for a better car wrap return on investment sounds like a cost-effective solution: the clients keep their money, get small monthly payments and since it's a true lease, the payments they make are 100% tax deductible.

According to James Penny, CEO for Compound Profit, "ProntoLease facilitates the closing of sales, solving an important problem for potential car wrap buyers. That problem is the lack of funding or traditional financing that's often required for such equipment investments. Through our partnership with car wrap companies, we offer fast and easy approvals -- usually in 24 hours or less. We approve customers with lower than ideal credit score, and often approve without financials. The startups are more than welcome."

While ProntoLease might look like a loan, it's most definitely a lease - one that comes with very low monthly payments and won't negatively affect your ability to borrow money for other things. This financing tool enables car wrap companies to give customers a way to pay for their needs, making equipment investments affordable and manageable for anyone.

"ProntoLease helps car wrap retailers seal more deals as well as upsell," Penny says. "And it makes financial sense for their customers once they understand the benefits and features of ProntoLease. Our program justifies the spending for equipment needs like car wrap advertising, which brings in more business, boosting the ROI."

Compound Profit is growing to 300 franchised locations across the United States and will employ 6,000 account executives. Applications for new franchise operators and account executives are now being accepted.

For more information, visit Compound Profit's website: http://www.cprofit.com/

About Compound Profit

Compound Profit provides working capital and equipment to companies while its Profit Advisors simultaneously coach clients on how to increase earnings and decrease losses and risk. With decades of experience in finance and business, Compound Profit's team empowers clients with the know-how to make their companies profitable and healthy. This approach stabilizes small- to medium-sized ventures and positions them for increased funding opportunities. Launched in Texas, Compound Profit has expanded nationwide and operates under a successful franchise model.

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