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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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RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
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