Rent-to-own News - RTO Funding offers RentDirect members longer financing terms

RentDirect Nationwide and RTO Funding -- a national financing company -- announced an agreement that will provide RentDirect members with 12-24 month financing terms.

“We have negotiated terms for our members that have been previously unavailable to the RTO industry,” said James MacAlpine Executive Director of RentDirect Nationwide, “RTO Funding has the most competitive rates I have seen for long-term inventory financing.”

Most inventory lenders fund for shorter terms, usually 1-6 months that is well below the life of inventory purchased. RTO Funding offers longer financing terms that allow the RTO dealer the ability to buy now, convert inventory into earning assets then match the cash flows of the rental to pay back debt.

“We look forward to starting this new relationship and know it will be profitable in boosting cash flow for RentDirect Nationwide Members,” said Hugh Connelly, president of RTO Funding.

RTO Funding is a national finance company located outside Philadelphia, Pennsylvania.

RTO Funding operates in all 50 states and is backed by a multi-billion dollar financial services corporation.  The company was created with a single goal in mind; to create a financing program that is timely, efficient, fairly priced, and available to the entire RTO industry. 

“RTO Funding offers rental dealers the opportunity to work with a financial partner who will take the time to understand business,” said Connelly, “We make our own credit decisions, have our own funding and therefore, can provide industry specific solutions tailored to each member.”

For more information or to submit an application online go to www.rtofunding.com or contact Brian Kennedy at (866) 604-8160 or email BKennedy@vanguardleasing.com. To find out more about the benefits of RentDirect Nationwide membership, contact James MacAlpine at (336) 714-8802 or email questions to jamesm@nationwidegroup.org.