1. Customer Protection and Retention. By not offering your preferred commercial customers the ability to lease through your bank, you push them to accept outside available sources. Many of these sources are in direct competition with your bank for services other than leasing. Even vendor lease programs, that appear somewhat harmless, expose your clients to major funding sources who will directly compete against you for other services. By offering a lease solution, your bank systematically helps avoid losing your customers to outside influences.

2. Enhanced Profitability. Through our Consort-A-Lease™ program your Bank will generate greater profits. Under the Lend-Lease Plan, enhanced profitability can be created, even over a direct loan, due to the combination of interest earned in the underlying assigned loan to the lease, along with generated fees associated with the plan. Under our Formal Referral Plan, the Bank earns fee income simply by the association of the formal referral to our standard day-to-day lease process. You gain fee income and the comfort of knowing we won’t compete for your other services.

3. Equipment Leasing Service without the “Headaches”. What we offer is a way for your Bank to offer leasing services without developing either an operating division, or subsidiary of the Bank. In doing so, we eliminate all of the problems and issues associated with lease administration. No billing, no lease accounting, no property tax issues, no use and sales tax issues, no equipment residual booking issues, no lease personnel considerations, and no audit issues. The uniqueness of our program allows your Bank to offer leasing while enjoying additional profitability with virtually no administration headaches.

4. Cross Selling of Products to Prospective New Customers. New prospective accounts can be offered leasing as part of your product array. Also, your commercial account officers maybe able to pick up a potential new customer by offering a lease when an opportunity arises. By marketing a lease product, and consummating a lease with a prospect, you can then go back in to capture all the other bank services. An effective lease program gives your Bank a competitive edge over other banks in your area not offering leasing.

There are other reasons and justifications to consider joining our Consort-A-Lease™ program. We invite you to contact us to arrange a meeting to review the above justifications and others that are not listed.