Express financing makes it possible to bring together more buyers and sellers.

Learn more by reading our frequently asked questions below.

INFORMATION FOR SELLERS

Why has Proxibid partnered with Express?

Our partnership with Express is designed to create more opportunities for both buyers and sellers by providing buyers with easy access to capital to purchase on Proxibid. Buyers in Proxibid’s Commercial Trucks, Heavy Construction Equipment, Farm Machinery and Implements, Industrial Machinery and Equipment, Collector Cars and Vehicles categories can receive funding with an instant credit decision through Express.

What does this mean for sellers?

There’s more buyers with serious buying power, ready to purchase your items! There is no cost to sellers. Reap the benefits of our partnership by simply accepting payment from Express. When accepting financing through Express, you’re working with a trusted Proxibid partner.

How do I bill customers with Express financing?

Because of the increased buying power Express gives buyers, there is a dedicated Express relationship manager for each transaction. The relationship manager will be in contact to discuss minor modifications needed to the invoice and other documents, depending on the structure of the buyer’s agreement. Express makes this process as easy as possible so sellers get paid within the requested timeframe.

How will I get paid?

This varies by transaction. Funds may either be wired or mailed directly to the seller.

Can buyers pre-arrange financing?

Yes, buyers can pre-arrange financing both for specific items and specific amounts.

I have a question – where can I call?

1-888-998-6086

Are there any risks to accepting Express Financing?

Proxibid vets every buyer and seller in the Marketplace, ensuring sellers can transact knowing they will be paid for their items. Proxibid is the safest place to transact on the web, and we only partner with groups that also make the security of our users of utmost importance. Express is dedicated to providing quick and easy access to financing, and understands the timeliness of auctions. When the event is over, you can expect a great experience working with Express to close payment.

INFORMATION FOR BUYERS

What is Express?

Express financing is a product provided by a trusted Proxibid partner specializing in financing for equipment and vehicle purchases. Buyers can be approved for an eLOC™ (Equipment Line of Credit) in just minutes through Express’ online application. Buyers can apply their eLOC to purchases made in Proxibid’s Commercial Trucks, Heavy Construction Equipment, Farm Machinery and Implements, Industrial Machinery and Equipment, Collector Cars and Vehicles categories.

What is the relationship between Proxibid and Express?

Proxibid has partnered with Currency Capital, an equipment finance company, to provide financing for purchases made in the Proxibid Marketplace via its Express financing platform. Buyers in Proxibid’s Marketplace now have quick access to capital with the numerous financing options provided to you by Express. Buying and selling equipment takes a lot of work. Express thinks financing shouldn’t.

How does it work?

Step 1: Instant Response—Fill out a quick form and you're instantly contacted by an Express Representative.
Step 2: Customized Options—Express prepares multiple offers based on your unique needs.
Step 3: Get Offers—Lenders compete to provide the best offer for you.

Express handles the purchase on Proxibid and coordinates payment to the seller.

How do I apply for financing?

Click the link in any catalog where Express financing is available and you will be asked to complete a short online form. Next, you will be contacted by an Express team member to confirm which listing interests you, collect additional information required to complete a credit decision, and provide payment options for your business.

If my business is approved for funding, what happens next?

Express confirms a payment schedule with your business. You are now ready to purchase the item. After winning, contact Express with the item’s information and Express will work directly with the seller to complete payment.

Is financing available outside of the equipment categories?

Yes. After providing your basic information through the online Express portal, an Express team member will contact you to confirm the item of interest and provide the appropriate funding options.

After buying the item I didn’t get the title from the Seller or Express. Why not?

The title for the item will remain with Express until your business has made all of the payments, pursuant to the signed agreement between your business and Express. The title will be transferred to your business from Express in accordance with your agreement.

How quickly can I access my funds?

You can access funds anytime you need them. Once you’re given an Equipment Line of Credit (eLOC™), you have control over your funds.

Is all of my information protected?

All information is protected and stored securely. We do not share or re-sell your information with anyone.

My auction has ended, can I use my funds for a different item?

You can use your eLOC™ for millions of items on Proxibid.

I have a question – where can I call?

1-888-998-6086

 

Proxibid has partnered with Currency Capital, an equipment finance company, to provide financing for purchases made in the Proxibid Marketplace via its Express financing platform. Buyers in Proxibid’s Marketplace now have quick access to capital with the numerous financing options provided to you by Express. Buying and selling equipment takes a lot of work. Express thinks financing shouldn’t.

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