Everyone's financial
needs are different. As your business grows and requirements evolve,
NewWave is ready to respond to your expanding financial needs with
creative financing services, designed to help optimize your cash
flow, increase your buying power and maximize sales opportunities.
Access to adequate working capital is critical to the long-term
success of your business. We make it our business to provide you
with flexible financial services that are adaptable to your changing
needs - now and in the future.
For more information or to speak to one of our financial experts call us at 800-536-5222 or email
at credit@newwavetech.com
Who can take advantage of
these services?
Literally anyone! While every
business has its own financial needs, Resellers who take advantage
of these services will typically fall into three main categories.
- A Reseller who is fortunate
enough to acquire a substantial order but may not have the resources
available to finance the sale
- A Reseller who simply prefers
to reap the profits from the sale, without the burden of financing
the receivables
- A Reseller who wishes to take
advantage of additional services available from a finance company
Financial Options
Lease, Finance & Rental
NewWave offers leasing as an excellent source of funding for both your hardware and software purchases. Leasing preserves your cash, protects against obsolescence, is simpler and faster than a bank line, and provides efficient asset management. We have many programs available to fit each customer's specific need. When you work with NewWave Leasing, you work with professionals who understand the unique issues and concerns of the industry---professionals who will successfully guide you through the process of integrating leasing into your sales process.
Provide a "total" solution by including financing options in your next sales presentation. For a quote or further information, contact your NewWave Leasing Manager, Dave Chimera at 301-556-0743 or email
dchimera@newwavetech.com.
Joint Purchase Order
By teaming up together, our partnership allows you to sell to creditworthy end-users without impacting your credit line with NewWave. Your end-user simply issues a joint purchase order then remits funds by joint check to you and NewWave. NewWave deposits the check and then makes payment to you from the proceeds. This agreement allows you to capture large volume contracts with virtually no out-of-pocket expenses or cash flow concerns.
Escrow Agreements
The escrow agreement allows you to sell to Fortune 1000 companies and government agencies without impacting your credit line with NewWave. Your customer remits funds directly to the escrow agent (Suntrust Bank). Once the payment is processed, the escrow agent distributes funds to you and NewWave. This financial option goes virtually unnoticed by your customer.
Assignment of Proceeds
This program has the same benefits as the Joint Purchase Order program, however it is typically used when your customer has already generated a PO on your behalf. In the process, the payment (proceeds) which you would ordinarily receive is assigned to NewWave. Similar to an Escrow or Joint Purchase Order agreement, NewWave provides interest free financing for 60 days with zero impact on your existing credit line.