LeasePoint Funding Group partnered with Med Rep Meeting (Med Rep), a medical rep booking tool that eliminates cold calling, to launch Med Rep Financing. The partnership leverages LeasePoint’s proprietary technology to provide rapid financing decisions and prequalify physicians for up to $350,000 of medical aesthetic devices.
According to Med Rep, traditional financing solutions involve hours-long qualification processes and lengthy paperwork, often resulting in denied credit for numerous reasons.
“At Med Rep, we believed that by working with LeasePoint, we could bypass these issues and ultimately give back an important commodity to medical representatives: time,” Peter Skidmore, CEO of Med Rep, said.
“Before the partnership, we were already using our software and network of over 20 lenders to provide diverse and flexible credit for equipment financing and commercial lending,” Jeff Markim, managing director of LeasePoint Funding Group, said. “It only made sense to take our services a step further and work with Med Rep Meeting to prescreen for appointments. We are very pleased to partner with them, and we hope that the prequalification process for physicians purchasing medical equipment will be much easier.