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RTOFunding.com Reaffirms Commitment To Rent-to-Own Industry; Signs unique Funding Agreement
02-19-08
RTO Online - The rent to own industry's trade website
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RTOFunding.com Reaffirms Commitment To Rent-to-Own Industry; Signs unique Funding Agreement
Vanguard Forms New Rent to Own Industry Funding Division

 

Rent Your World's owner says he is pleased RTOFunding.com provided a financial solution to keep his rental business thriving.

RTOFunding.com, a new financial resource for the rental-purchase industry powered by Vanguard Leasing, today announced the successful funding of Rent Your World, an RTO store located in South Carolina.

Hugh Connelly, President of RTOFunding.com, says the completion of this particular agreement is noteworthy.

"The owner of Rent Your World spent more than a decade with NFL Europe, playing football outside of the United States. When he returned from abroad he learned the large gap in his credit history resulted in an unusually low credit score, which did not accurately reflect his true financial strength. As a result, he was declined by other lenders. RTOFunding.com takes a more personal approach, so we looked beyond just his FICO score. What we found was a good, solid operator who needed an infusion of capital to get his operation to the next level. Since we took the time to understand his unique situation, we were able to assist Rent Your World when other lending institutions could or would not."

Rent Your World's owner says he is pleased RTOFunding.com provided a financial solution to keep his rental business thriving.

"I can't give enough credit to Brian Kennedy and the team at RTOFunding.com. They really took the time to learn about my business and the rental-purchase industry. It's clear to me that RTOFunding.com is committed to helping rental dealers find financial solutions."

RTOFunding.com President Hugh Connelly emphasized that Rent Your World's experience with RTOFunding.com is what any RTO store should expect when they deal with his company.

"First and foremost, we are dedicated to becoming experts in the RTO industry. RTOFunding.com did not enter into this market lightly. As a corporate division of Vanguard Leasing, we are still small enough to take the time to learn about our customers, yet we are backed by a multi-billion dollar financial services company. We are not a loan broker. We are self-funded, and we hold our own paper. For rental dealers, this combination represents the best of both worlds. They receive a personalized assessment of their situation from a company that has the financial strength to assist them."

About RTOFunding.com
RTOFunding.com is a division of Vanguard Leasing, a national finance company located outside Philadelphia, PA that operates in all 50 states and is backed by a multi-billion dollar financial services corporation. Through its various financial offerings, the company offers rental operators the ability to acquire inventory then roll the financing into an amortizing term loan that locks in a positive monthly cash flow. By matching the cash flow of the rental merchandise to the amortization of debt, RTOFunding.com has provided a new vehicle to ensure financial health and stability for independent rental dealers.

About Vanguard Leasing
Vanguard Leasing operates under the following trade names: VOB funding (financing the needs of Veteran-Owned-Businesses), Vanguard Public Finance (financing equipment for state and local governments), NA Public Finance (financing the needs of Native American Indian Tribes), Sino Capital (financing Chinese equipment manufacturers) and now RTOFunding.com (financing the needs of Rent-To-Own companies). Additional information can be found on the Company's website at www.VanguardLeasing.com or www.RTOfunding.com.

 

 

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