Performance Equity Partners

How the program works

admin — Thu, 28 Oct 2010 02:27:49 +0000

It's really quite simple. Contact us so we can answer your questions and discuss the benefits to you and your studio. Complete the information forms and you can be up and running 5-7 business days after we receive your information. Performance Equity Partners, Inc. will send you all the student agreements and documents you will need. Then, it's easy as 1-2-3: 1. You fax the student's agreement to us at (708) 478-6568. 2. We grade it, same day. The customer's credit worthiness determines how likely it is that they will repay the obligation. The better the credit rating, the more money that is immediately available to the school. 3. We deposit the funds into your checking account within 24 hours of receipt of the original agreement. Mail Performance Equity Partners, Inc. the first copy of the student agreement with original signatures, plus one additional copy. The student agreement will be processed the day we receive it and you will be faxed a funding worksheet that verifies the amount being deposited into your accounts. Are you ready to start now? Print the information forms, complete, sign, and return to us by fax at (708) 478-6568.

Martial Arts Studio Owners

admin — Thu, 28 Oct 2010 02:30:20 +0000

Performance Equity Partners, Inc. offers creative financing options to established Martial Arts Studio Owners seeking growth, expansion or enhanced cash flow. With 16+ years of success and over $100 million in Martial Arts student agreements bought to date, PEP’s officers will show you how their Accounts Receivable Financing Program will work for you.

Are you seeking a solution for growth in your business?
Do you need increased cash flow?
Do you want to open new schools?
Are you a growth-oriented instructor?

Then this program may be right for you! Explore the links in the sidebar for more information.

Manufactured Home Community Owners

admin — Thu, 28 Oct 2010 02:29:16 +0000

Performance Equity Partners, Inc. is a company with years of experience in financing as well as servicing the loans of manufactured home communities in the Midwest.

If affordable servicing assistance is your only immediate need, we can provide quality statement rendering, ACH processing, E-Pay payment options, hazard insurance follow up, and a superb collection program.

Are you looking to sell your portfolio?
Do you need funding for new loans?
Has your portfolio outgrown your staff?
Are you concerned about the quality of your loan documents?
Is timely follow up on expired hazard insurance being completed?
Are collection calls being made daily and effectively?

If you have needs in any one of these areas, call Performance Equity Partners, Inc. to discuss how we might assist you. Our customers will tell you that after working with our staff, their companies experience lower delinquency rates and their loan files are better documented. Our servicing program allows you to focus on what you do best: sell manufactured homes and fill your vacancies.

Are you ready for more information? Contact us to find out how we can assist you.

FAQ’s

admin — Thu, 28 Oct 2010 02:26:41 +0000

How long have the Performance Equity Partners, Inc. experts been offering Martial Arts financing?
What are the benefits of your program - why would I want to use it?

Am I required to send all of my contracts to Performance Equity Partners, Inc.?

What determines the grade and the amount of money that goes into my checking account?

Is there an application or enrollment fee to join the program?

How do I sign up?

Will this program cost me more than a typical monthly billing program?

This all sounds great, but how much does this cost me?

How do I get the funds for contracts that are purchased?

How do I get money from the reserve?

Why is money held in reserve?

What do you do if a payment is late?

Do you offer ACH payments?

Is there a minimum contract amount or monthly term that Performance Equity Partners, Inc. will accept?

Can I use my own contract forms?

How long have the Performance Equity Partners, Inc. experts been offering Martial Arts financing?

Our lending experts have been providing financing to the martial arts industry since 1994 and have purchased over $100 million in student agreements.

What are the benefits of your program - why would I want to use it?

The school will see a dramatic increase in cash flow because you will get your money up front instead of over 2-3 years. Funds from the student agreements are deposited into your school's checking account within 24 hours. The successful school owner will use the program to open new locations, complete capital improvements, hire employees, or increase marketing efforts.

Am I required to send all of my student agreements to Performance Equity Partners, Inc.?

No. The school can send as many or as few student agreements as they wish. There is no minimum number required.

What determines the grade and the amount of money that goes into my checking account?

The customer's credit rating determines how likely it is that they will repay the obligation. The better the credit rating, the more money that is immediately available to the school owner. Of the available credit grades, most of the student agreements are purchased at the three highest grades. Less than 5% of the student agreements are not eligible for purchase, typically because the customer's credit references are not paid in a timely manner.

Is there an application or enrollment fee to join the program?

No - there are no up-front costs to the school owner and there are no hidden fees.

How do I sign up?

The first step is to tell us about you and your school by completing our information forms. Then we complete an enrollment agreement that among other things details how the grading system works and when funds are available to you from your school's reserve.

Will this program cost me more than a typical monthly billing program?

That depends on your billing company; however with Performance Equity Partners, Inc.'s program you are getting a large portion of the funds up front. For a customer with good credit, the funds made available by Performance Equity Partners, Inc. in 24 hours could be comparable to funds received over 16-22 months from a billing company.

This all sounds great, but how much does this cost me?

The student agreements are processed on our system like any other installment loan. The student agreement will state a 0% APR, so we will discount the student agreement 5% per year to allow for interest. This way you do not have to sell an APR to the customer. The only other charge is a flat fee of $99, $199, $299 (for 1, 2, 3, year student agreements respectively).

How do I get the funds for student agreements that are purchased?

Funds are deposited into your checking account within 24 hours of receiving the original contract. The school is faxed a funding worksheet that provides detail on the exact dollars deposited. Funds held in reserve by Performance Equity Partners, Inc. are owned by the school and are used to process approved cancellations and seriously delinquent accounts.

How do I get money from the reserve?

Every January and July we distribute excess reserve funds to eligible schools. The available amount varies with each school based on their level of activity with the program, the strength of the school owner and our experience with student agreements already purchased. Our intent is to distribute as much money as possible so the school owner will benefit the most from the program.

Why is money held in reserve?

These amounts are used for an approved cancellation due to a disability, relocation by the customer, or if an account reaches a 90 day delinquency status. The school is always involved in this process.

What do you do if a payment is late?

Consistent, professional phone follow up is one of the keys to our success. Our collectors focus entirely on the martial arts accounts. For the entire country, only 5 to 6% of the total accounts are 30 days or more delinquent! We have found that customers are more likely to pay us because we are a reputable lender.

Do you offer ACH payments?

Performance Equity Partners, Inc. does allow you to take advantage of ACH processing through a checking account at no extra charge to the school. If the customer wants to mail payments we will send them a monthly statement.

Is there a minimum student agreement amount or monthly term that Performance Equity Partners, Inc. will accept?

We prefer student agreements of at least $1,000 and no more than $7,500. Student agreements can range anywhere from a 12 to 36 month term (24 months maximum in Illinois).

Can I use my own contract forms?

We are an experienced licensed lender who is purchasing student agreements from your school. The forms must comply with various regulations that may not apply if the student agreement was going to remain at the school. Performance Equity Partners, Inc. has student agreements that have been prepared by our attorney who regularly updates the forms to conform with state and federal laws.

Please call Performance Equity Partners, Inc. with any other questions that you may have!

You can also check out how the program works and what others have to say about the Performance Equity Partners, Inc. program by reading customer testimonials. If you're ready to get started, print our forms, fill them out completely, sign them, and fax them to us at (708) 478-6568. We will contact you after we have received and reviewed the forms. The forms are in portable document format (pdf). In order to access and print the PDF documents, you must have the Adobe Acrobat Reader software installed on your computer. This small software program is available free from Adobe Systems, Inc.

FAQ’s

admin — Thu, 28 Oct 2010 02:24:39 +0000

How much experience does PEP, Inc. management have working with the manufactured home industry?
What are the benefits of PEP's programs?

Does PEP have the newest technology?

Who does Performance Equity Partners, Inc. fund and service?

Is the maximum term of a loan limited by the age of the collateral?

How is pricing/rate of the loan being purchased determined?

Does Performance Equity Partners, Inc. offer servicing independently if loan funding is not desired?

Are there any restrictions as to types of property that can be financed?

How much experience does PEP, Inc. management have working with the manufactured home industry?

The PEP staff has had direct involvement with the purchase and servicing of over $30 million in loans.

What are the benefits of PEP's programs?

The staff is bank trained in all areas of compliance, document preparation and credit risk. PEP has a superb customer service and collection staff that has an average of 20+ years experience.

Does PEP have the newest technology?

Yes. We offer auto debit of recurring payments, EPay for processing the receipt of immediate phone payments and automated statement and collection letter creation. Past Due accounts are tracked in a collector queue for maximum results.

Who does Performance Equity Partners, Inc. fund and service?

PEP funds new inventory as well as the sales of existing manufactured home units located in communities primarily in the Midwest.

Is the maximum term of a loan limited by the age of the collateral?

No. PEP works with community owners that sell quality products so the age of a home is not an issue and will not limit the term.

How is pricing/rate of the loan being purchased determined?

By analyzing a person's past credit history, length of employment and patterns of previous credit payments.

Does Performance Equity Partners, Inc. offer servicing independently if loan funding is not desired?

Yes. In states where PEP is licensed/registered, statement billing, collection and insurance management services are available.

Are there any restrictions as to types of property that can be financed?

PEP specializes in units located in manufactured home communities and at this time does not finance land owned units.

Customer Testimonials

admin — Thu, 28 Oct 2010 02:23:28 +0000

Master Brett Rigdon World Martial Arts St. Louis, Missouri Ph. (636) 928-0001 www.worldtaekwondo.com/	"In 1994 our studios began utilizing the Performance Equity Partners Martial Arts Program. This program has been a perfect addition for collecting monthly receivables and turning student agreements into immediate cash. We are always pleased with the personalized, friendly service that we receive from PEP employees and our students appreciate PEP’s outstanding customer service."
Chan Lee, Owner JK Lee Black Belt Academy Milwaukee, Wisconsin Ph. (262) 783-5131 www.jkleeblackbelt.com	"Our Organization has been using PEP for over 10 years. I am happy to use them for all of our billing. Their program is perfect for school owners to increase cash flow. Their level of professionalism toward my students is exceptional and it is great to know that billing is no longer an issue I have to worry about. This program is perfect to help our organization grow our cash flow to help fund our ambitions toward owning our school’s buildings. Thank you Rich and PEP for all your help."
Joe Corley, Master Instructor Atlanta Extreme Warrior Atlanta, Georgia Ph. (404) 502-3777 www.atlextremewarrior.com	"In all my experiences in these past 34 years operating our studios, the Performance Equity Partners, Inc. contract financing program has proven to be the most effective, problem free method of handling our accounts. We have been involved in the program for more than 10 years, and we have found all the PEP people to be super-responsive, friendly and on task all the time. Their follow-up is always timely and consistent- truly second to none. The PEP methods of doing business are a real breath of fresh air in our industry, from conceptual to practical implementation. The PEP system is so efficient that you have today's contract value deposited in your checking account and reserve within 24 hours. It's a great way for you to grow your business, and let their professionals do the rest!"
Brad Wenneberg, Owner Nikhil Joshi, Program Director American Martial Arts Academy Fullerton, California Ph. (714) 871-3898 www.karateOC.com	"American Martial Arts Academy has been working with Performance Equity Partners for over 10 years and have always had a positive experience. Working with PEP’s financing program has allowed us the opportunity to have a strong cash flow throughout different economic challenges, and at the same time aided us in becoming the 15,000 square foot, million-dollar-a-year grossing studio we are today. We consult over ten schools throughout the nation, and have recommended Performance Equity Partners to each school, and will continue to do so."
Sung Ho Kim, Head Master Family Martial Arts Mokena, Illinois Ph. (815) 469-0220 www.fmakick.com	"The Accounts Receivable Financing program has helped me to improve my business by providing cash flow when we needed it most. Their staff members have always been professional, courteous and effective when it comes to servicing my student accounts. They allow me to spend more time doing what I enjoy most - focusing on teaching my students. Family Martial Arts has used the services of Performance Equity Partners, Inc. for nearly six years and we highly recommend their programs."