Dimension Funding and Latin Leasing announced a strategic partnership that will affect equipment vendors and purchasers in both Latin American and the United States and provide expanded opportunities for financing.

With the availability of financing playing an increasingly critical role in every aspect of business, this partnership gives businesses in both the United States and Latin America better access to funding options. It is particularly important for businesses who have holdings in both the U.S. and South America.

“It gives equipment vendors and their customers the security of working through a local financing source even when obtaining funding for a branch located in another country,” said Larry Wagner, Chief Operating Officer of Dimension Funding. “You get the best of both worlds.”

As many companies expand into global markets, it’s important that their financing options expand with them. When an equipment vendor has branches thousands of miles away from its home country, having a local financing company can simplify and increase the vendor’s financing options.

“Having a strategic partnership with Latin Leasing will allow us to ensure that our clients with holdings in South America get the funding they need from a financing partner that they can trust. It also allows the customers of Latin Leasing who have businesses in the U.S. to get funding in the U.S. from an established, financial partner,” Wagner said.

As a result of this partnership, vendors and purchasers will be able to work with local financing companies that know the laws of the respective country, the language and the businesses involved.

“We are excited to be able to offer funding to the clients of Latin Leasing who require funding in the United States,” said he said. “We are also excited to be able to offer our equipment vendors the opportunity for funding in South America from a financing company who knows the local equipment financing business. We look forward to a long and rewarding partnership as more businesses require international financing.”