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BancLease
1150 South Main Street P.O. Box 1526
Sikeston, MO 63801 |
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Britt McConnell
Program Director
800-530-5327
573-472-2002
FAX: 573-472-2266
info@banclease.com |
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| Are You Looking to Increase Profits, Add New Business, and Improve Customer Satisfaction? |
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| Then you need to consider BancLease. |
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- Your leases will likely be the highest yielding product you have in your credit portfolio.
- Leases have great non-interest income potential. We receive an origination fee on the beginning and residual income on the end. We also sell a life insurance product on which we receive commission.
- Leases will help fill the revenue void left by the downturn in residential real estate.
- It gives a great competitive advantage. In our community, we have leases with our competing bank's owners simply because their bank doesn't offer the lease product.
- There may be tax advantages to the bank or holding company. Consult with your accountant.
- You manage the leases locally. We provide the software, you provide funding, make the credit decisions, and enjoy the additional revenue.
- Your market will broaden as you develop a network of equipment and other high-ticket item dealers. They'll be selling your product for you, but you'll be underwriting the credit.
- There are great advantages for your customer. Chances are, if your customer is in agriculture he's leasing some equipment now. In the future, he can lease from you, and you can expand your customer base with others in agriculture.
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- Leasing is a great cross-selling opportunity. We put our Visa® card in the hands of every lease customer we have. That's not even considering the new deposit relationships we've established as a result of this program. We also offer a long-term, fixed rate farm loan product. The leasing program provides a natural market for this product.
- There’s no risk on your part. Not sure if you want to invest in BancLease? No problem. We will provide you with all the paperwork and documentation you need to execute a lease for a small fee. After your first lease, we charge a $500 annual fee to affiliate with BancLease. There also is a fee of .50 of Yield for leases of up to $25,000, .25 of Yield for leases of more than $25,000 up to $250,000, and just .15 of Yield for leases of $250,000 or more.
- For BancLease affiliates, the small fee includes quoting and pricing leases, document preparation completed in your institution’s name, marketing materials, and free telephone support.
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| Contact BancLease today about our bank leasing program. We can provide you with additional information and answer any questions you might have. This proven product offers many benefits to you and your customers. Contact us online or by phone (toll-free) at 1-800-530-5327. |
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| Email: info@banclease.com |
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