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Does Your Customer Financing Boost Sales 20% to 30%?


Good Credit to No Credit?  

More Approvals?  ..  Fewer Declines?

  

 

 

 

 

 

superior to Wells Fargo, Synchrony, CareCredit, CarCareOne, and others

 

 

 

     Small Business Reports reviewed leading financial tech solutions for instant consumer financing at the point of sale for several different industries from automotive services to medical offices.  This article is a collection of what we found ...without revealing all the names of the  customer financing companies researched.  

     No products or services are sold or promoted by SmallBusinessReports.org. We are not promoting any companies, and we do not receive any payments, commissions or bonuses whatsoever. For the purpose of this Feature Article, we will refer to new instant customer financing generically as "Second Chance Finance."

     Our professional conclusion is that promoting instant financing to all customers all the time -- from good credit to no credit -- in all forms of marketing including signs at the point of sale is now a basic requirement for every business to remain competitive.     

 

Second Chance Finance is not an actual product. This website does not sell products or services.

 

 

 

 

 

 

 

 

Instant approval for up to 75% of your primary lender declines

 

 

 

 

 

 



According to a recent AAA study 
1-in-3 U.S. drivers cannot pay for an unexpected car repair bill.
(click link for article)

Are you prepared to help this large segment of customers?  

 

Second Chance” financing will help approve up to 75% of declines 
from your primary lender and can easily increase revenue up to 30%.


Second Chance” financing program can approve customers with Good, Challenged and even NO credit and easily increase your monthly revenue.
 

Second Chance” financing is not a lease.  So, there are NO restrictions on parts, tires, service, etc.- customers can use their approval amount to pay for Repair Orders no matter what the ratio of service to parts is.

Your customers will appreciate our tiered program which offers customized rates and terms based on their individual credit profile, ensuring a happy customer.

We help fill the credit gap between your prime lender and the no credit check lease providing your customer a chance at more money at a better rate with a smaller payment.  

 

Benefits to the Business:

  • Up to 30% more monthly revenue – no more lost sales + brings in new customers

  • Approvals up to $5,000

  • No set up or monthly fees or monthly minimums

  • Body work and insurance deductibles can be financed

  • Low 2.99% merchant fee

  • No equipment or commitment required

  • Everything is handled instantly and paperless in the shop

  • Same day merchant funding

  • No recourse to merchant

  • Faster process - Varied rates and terms for customers with good credit to no credit- all with one lender

Benefits to the Customer:

  • 12 and 24-month payment terms

  •  Zero due today, no application fee or first payment due

  • First payment due in 30 days

  • 90 Day interest rebate promotion for all customers

  • Car gets fixed now, payment is over time

  • Approve customers from good credit, to bad credit, to no credit

  • Instant decisions via online or mobile application

  • Chance to build good credit

 

one application -- more approvals
Prime, Near Prime & Sub Prime

Good Credit to No Credit

100% online paperless - any device
instant consumer purchase financing at the point of sale

 



ZERO RISK    100% NON-RECOURSE

 

 

How to Promote Customer Financing
 and Boost Sales 20% at the Point of Sale

 

1. Talk about it! Offering customer financing is PROVEN to increase your sales and the average ticket amount. The key to a successful program is to promote financing early and often throughout your customer engagement. Everyone who comes in or calls on the phone should be told – “Hey did you know we now have a payment plan with no money due today and it works for folks with GOOD to BAD credit customers?” Train your team to say this to everyone. It works! Now, we know your employees don’t typically care as much as you do. So, offer a $10 spiff for every time a customer finances through your Second Chance Financing to the employee who offered the financing. Those customers who use your Second Chance Financing would have either lowered the repair work to be done or walked out because they could not afford to do it today.

2. Make the financing process EASY! Using your Second Chance Financing as your financing option right behind any prime credit offering is fine. This will increase your approval percentages AND approval amounts. To save time and avoid embarrassing declines, first ask them if they have Excellent, Good, OK or Bad credit. If they say Excellent and you have a Prime Credit option then have them apply there first. If they say Good, OK or Bad, go straight to your Second Chance Financing. Tell them, “No problem we have a solution for you with no payment due today and it has a 90-day interest free promotion. You can apply right on your smart phone and get an instant decision in seconds. Shall I send you the text with the link to apply?”

3. Advertise inside and outside your shop! Inside posters etc., will help you stop losing customers due to the cost today. Outdoor banners will advertise to passersby that you have a finance program for them. your Second Chance Financing should automatically send you indoor posters, table tents and rack cards upon approval. Each city has its own regulations as to outdoor banners. So, make sure you check your local regulations.

4. Add an “Apply Now” link or banner to your website and social media pages! Adding your financing link to your website and social media will let customers know you have this available and will drive pre-approved traffic. Also, it is easy when talking to a customer on the phone to direct them to your website and click to apply. Use online banners and links on all your websites and social media.

5. Send out an Announcement Email to your existing customer base – Hopefully you are already staying in touch each month with your existing customer database with exclusive monthly specials for your loyal customers. Send a new one letting them know you now have financing available for Good to Bad credit with No Payment Due Today with a 90 days Interest Free Rebate Promotion. Include the application link for them to apply immediately.  Then, continue to include this same info and link included with each new monthly email. By the way, if you don’t do an email campaign, you should. They work and help you to retain and gain more frequent business from your existing customer base. It is super easy to set up and it will run itself once you do. There are many programs for email campaigns with the easiest ones already build into new POS systems.

6. Advertise in Social Media and Print Advertising – You are probably already advertising in Social Media and Print Advertising. But now you should add the following, “Payment Plans Available for Good to Bad Credits, No Payment Due Today, 90 Day Interest Free Promotion Included. Get your car fixed today and pay over time!” Add this to all your social media include Apply Here link or banner. In print, you could print the URL or send them to your website where you have already set up the Apply Now banner or application link. This advertising will really drive new customer business because those who have Challenged to Bad credit, will now know you have something for them.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Purchase Loans
instant financing with more approvals at the transaction

 

 

 

 

one application -- more approvals -- 100% paperless
Prime, Near Prime & Sub Prime

good credit to no credit
100% online with any device - instant consumer financing offers



ZERO RISK    100% NON-RECOURSE

 

 


 

 

 

 

 


ZERO RISK    100% NON-RECOURSE

Consumer Purchase Loans

 


 

Consumers check their rate from your website 
any time on any device - with no effect on their credit score.

You receive notification of their loan approval
amount so you can contact them.



 

 



 


 


ZERO RISK    100% NON-RECOURSE

 

Consumer Purchase Loans
instant approval financing at the purchase transaction

 

MORE APPROVALS   NO FEES   NO RISK

one application -- for deep FICO approvals 
Prime, Near Prime & Sub Prime scores

Good Credit to No Credit

100% online with any device - instant consumer financing offers

 

superior to Wells Fargo, Synchrony, CareCredit, CarCareOne

no more multiple submissions to various lenders

drastically reduces turndowns

 

 

 

One program covers a wide spectrum of consumer credit

Prime, Near Prime, Sub Prime

Good Credit to No Credit
examples only - maximum loan amount $25,000 

  

No products or services are sold on this non-profit educational informational resource

 

superior to Wells Fargo, Synchrony, CareCredit, CarCareOne, and many others

 

 

Extremely Competitive Discount Rates & Interest Rates

 

 

Consumer Purchase Funding
instant financing at the purchase transaction

 

 


 

EXTREMELY COMPETITIVE

multiple lenders, no fees, one platform

 

Discount Rate starting at 1%

Interest Rates Starting At 13.99%

Getting started is completely FREE! with zero fees and zero risk

$0 setup fee; $0 monthly fee; $0 minimum usage fee; $0 dedicated support fee

No equipment to buy, No long-term contracts, No risk of customer defaults

 

 

100% Internet on any device - no hardware - no downloads

Consumers check their rate from your website 
- any time on any device - with no effect on their credit score.

You receive notification of their loan approval amount 
in your back office so you can contact them.

 

 

 

 

superior to Wells Fargo, Synchrony, CareCredit, CarCareOne

 

 

 

 

 

 

 

no more multiple submissions to various lenders

drastically reduces awkward turndowns

one application -- multiple lenders for deeper FICO approvals 
100% online with any device - instant financing offers

 

       Do you use Synchrony CareCredit or CarCareOne or Wells Fargo or any other older company for customer financing? 

     If you use an old company for consumer financing, their systems and service could slow you down and cost you money because they may not keep up with faster, more competitive smart financial tech platforms with multiple lenders via one application, deeper FICO for more approvals, 100% online with any device, low competitive discount/interest rates, no risk and zero fees.

 

     This easy consumer funding solution with multiple lenders for deep FICO and more approvals via one application 100% online was created by a dedicated team of customer financing professionals and financial tech experts with decades of experience, millions of dollars in venture capital, and a mission to create a superior easier to use platform for more customer financing approvals and to disrupt and replace the old companies like Synchrony CareCredit & CarCareOne, Wells Fargo and others that are not keeping up with new financial tech.

 

superior to Wells Fargo, Synchrony, CareCredit, CarCareOne, and many others

 

 

COMPARE


Fast Easy Platform Generates Are More Approvals

From great credit to no credit, our customer financing has a tailored program for every customer. We’ve integrated multiple lending partners into one platform, giving more approvals with just one simple application.

Seamless Technology with Instant Approvals

Our merchants only need one application for all of their customers, regardless of credit score. Our platform features instant credit decisions and is 100% electronic with no paperwork needed.

Submit Applications From ANY Device!

Our application process can be completed anytime, anywhere. All your customer needs is Internet access on any device. Welcome to the future of customer financing.

Tiny Discount Rates

Our programs are built to help merchants approve more customers while protecting margins with small and competitive discount rates.

Advertise Online Financing -- available on your website!

We provide an online application for your website so your customers can apply for financing directly from your website on any device -- even before visiting your location. We make it clear to your customers that the application will not affect their credit score.  You get notified when they apply for credit so you can follow up.

Competitive Interest Rates

We work with Credit Unions and Marketplace Lenders to provide your customers with low, fixed interest rate loans.

Offer Promotional Financing to increase sales

We give you the ability to extend promotional offers to your customers, such as no interest for 6, 12 and 24 months (if paid in full).

Consumers Can "Check Their Rate"

Your prospective customers can check what interest rate and loan amount they qualify for without affecting their credit score. They (and you) will know how much financing they qualify for before making a purchase.

 

 

 

ZERO RISK    100% NO-RECOURSE TO THE BUSINESS

BOOST REVENUES 30%  

  • Loan Amounts From $1,000 – $25,000 (depending on industry)
  • Terms From 12 – 60 Months (Term Depends on Loan Amount)
  • Interest Rates Starting At 13.99% (Depends on Industry)
  • No Interest Promotions For 6, 12, and 24 Months
  • Extremely Competitive Discount Rates Starting At 1%
  • Multiple Lenders Are Integrated Into One Streamlined Platform
  • Simple Application Process
  • Approve More Patients / Customers
  • One Application, One Platform, One Process, One Solution
  • 100% Paperless Application Process (No Messy Paperwork)
  • Instant Credit Decisions
  • Funding Within 48 Hours
  • No Hardware, No Downloads, All You Need Is Internet
  • Easily Access Platform From Any Device
  • Borrowers Can Apply Through Their Smart Phone
  • Free POS Marketing Material Provided To Each Merchant
  • Borrowers Can “Check Their Rate” Without Affecting Their Credit Score
  • Merchants Can Integrate Financing Onto Their Website
  • Merchants Are Given A Detailed Reporting Portal To Track Analytics
  • Each Merchant Is Assigned A Dedicated Account Manager
  • Merchants Signup Electronically Using Our Online Enrollment Wizard
  • Merchants No Longer Need Multiple Financing Programs
  • Take The Guesswork Out Of Patient and Customer Financing
    …Consumers Are Automatically Presented The Best Financing Offer Based On Credit

 

 

 


 

   

superior to Wells Fargo, Synchrony, CareCredit, CarCareOne, and many others

 

 

This favorable alternative to credit card financing produces increased credit approvals and immediate access to capital. Consumers apply online at time of sale via a smart phone, tablet or desktop and receive an instant credit decision with no effect on their credit score.   Merchants boost revenue and enhance customer retention with a financing solution that takes less than 5 minutes for customers to complete and receive a maximum loan decision which can generate larger sales.



  competitive rates, no fees, superior service, multiple lenders, deeper FICO, more approvals than older systems

 

friendly one-stop online application for a wide range type of consumer credit scores

ZERO RISK    BOOST REVENUES 20%    90% APPROVALS

 


Boost revenues with one-stop online consumer financing

Tailored financing programs for every type of borrower

You no longer need 3-4 multiple financing sources

 

     This consumer funding at the time of transaction offers your patients and customers a variety of financing options on any device when they are in your office or at your checkout register purchasing big-ticket items. The friendly software-as-a-service technology offers prime, mid-prime, and sub-prime consumers interest rates often below that of credit cards while charging merchants lower transaction fees than credit card networks

 

 

· Consumer Loan Amounts From $1,000 – $25,000

 

·   Terms From 12 – 60 Months (Term Depends on Loan Amount)

·   Interest Rates Starting At 13.99%   Not a credit card

·   O% Interest Promotions For 6, 12, 24, and 36 Months

 

·   Extremely Competitive Discount Rates Starting At 1%

·   Multiple Lenders Are Integrated Into One Streamlined Platform

·   Unbelievably Simple Web-based Application Process

 

·   From Great Credit To No Credit,  More Approvals.

·   One Application, One Platform, One Process, One Solution

·   100% Paperless Application Process (No Messy Paperwork)

 

·   Instant Credit Decisions ·   Funding Within 48 Hours

·   No Hardware, No Downloads, All You Need Is Internet

·   Easily Access Platform From Any Connected Device

 

·   Borrowers Can Apply Through Any Connected Device

·   Free POS Marketing Material Provided To Each Merchant

·   Borrowers Can “Check Their Rate” Without Affecting Their Credit Score

 

·   Merchants Can Integrate Financing into Their Website

·   Each Merchant Is Given A Dedicated Account Manager

·   Merchants Signup Electronically Using Our Online Enrollment Wizard

·   Merchants No Longer Need Multiple Financing Programs

  

 

 

ZERO RISK

$0 setup fee
$0 monthly fee
$0 equipment cost

Zero downloads  Zero hardware
Zero monthly minimums
Zero upfront fees


90% APPROVAL RATE

 

one-stop online full credit spectrum funding solution for a wide range of consumer credit

Good Credit to No Credit

 

This innovative one-stop online full credit spectrum consumer loan origination solution solves a big problem. By bringing a proven marketplace lending platform to the point of sale, we provide better financing options for consumers purchasing goods and services including dental & medical, elective or cosmetic health services, home improvement, and automotive repair.  Through the integration of strategic lending partners in combination with a unique balance sheet/marketplace lending structure, we are able to offer instant decisions and the most competitive consumer loan product available for each level of credit through one streamlined platform. We empower medical offices and merchants to better serve their patients and customers and significantly increase sales revenues.

 

More Approvals - in minutes!

You no longer need 2, 3, or even 4 financing programs to satisfy every type of consumer credit score that walks into your business. Submit every application into our easy platform, sit back, and watch your approval rates soar.  Because we have multiple lending products integrated into one platform, obtaining financing for customers and patients with great credit to no credit has never been easier. No more awkward declines!

 

 

.

TOTALLY TRANSPARENT FOR BUSINESSES & CONSUMERS


BORROWER FRIENDLY
competitive low rates
easy online application

fast pre-qualification
does not affect credit score

 

MERCHANT FRIENDLY
high approval rates
compelling discount rates

clean efficient technology 
works on any device
extremely borrower friendly

one application - one platform
pre-qualified leads from your website

 

 

 

 

 

 

 

One Streamlined Platform

You only need one application platform for all of your customer applications! Gone are the days where you need a program for your prime customers, a program for your near-prime customers, and a program for your sub-prime customers. We take the guesswork out of financing and allow you to extend financing to all customers, regardless of credit type. Customer financing can’t get much simpler or faster.

 

Extremely Competitive Discount Rates Starting At 1% or as low as .05% for qualified high volume merchants in selected industries

 

one-stop online full credit spectrum funding for a wide range of consumer credit

 


 

 

 

 

 

 

 

20% 
is the estimated increase in sales expected once our one-stop online customer financing is implemented in your business
 


$391 Billion  

is the estimated volume of Consumer Finance spending each year in the United States

77%  
of consumers who used financing say the availability of financing drove their choice of retailer

 

·  Approve More Customers

From great credit to no credit, we have a tailored program for every customer. We’ve integrated multiple lending products into one platform, giving more approvals with just one application.

·  Seamless Technology with Instant Approvals

With our customer financing platform, merchants only need one application for all of their customers, regardless of credit. Our platform features instant credit decisions and is 100% electronic with no paperwork needed.

·  Submit Applications From ANY Device!

Our application process can be completed anytime, anywhere. All you need is the Internet and our platform is available on any device. Welcome to the future of customer financing.  

 

·  Multiple 0% Interest Offers

We give merchants the ability to extend many different 0% interest promotional offers to their customers.  Your customers can enjoy 0% interest for 6, 12, 24 or even 36 months!

·  Tiny Discount Rates

Our programs are built to help merchants approve more customers while protecting margins with tiny discount rates as low as 1%.

·  Competitive Interest Rates

Our platform works with Credit Unions and Marketplace Lenders to provide your customers with low, fixed interest rate loans.  

 

·  Advertise Financing Online

We provide an online application that gives merchants the ability to  have your customers apply for financing directly from your website and you are notified of the lead so you can follow up.

·  Customers Can "Check Their Rate"

Your customers are able to check what interest rate and loan amount they qualify for without having their credit checked - with no effect on their credit report or FICO score.

 

A Variety Of 0% Interest Promotional Offers

We are NOT a credit card and do not charge 29.99% interest rates to prime customers. Big bank credit cards require 0% interest promotions because of the high interest rates that come with their cards.  We charge consumers competitive interest rates, which can help remove the focus around offering 0% promotions (which cost merchants additional money in discount).

With that being said, merchants can still offer 0% interest promotions for 6, 12, and 24 months.

 

Say Goodbye To Those Awkward Decline Conversations

With us, there is no need to use multiple financing programs to approve each customer. With just one application you’ll be able to obtain financing for your customer. Finally, no more awkward declines!

 

Grow Revenue

This should be used as a sales and marketing tool for your business. Appeal to more customers and increase average ticket prices by making your product or service more affordable.  Affordable monthly payments help your customers focus on affordability rather than total price, which helps them purchase more. There have been reports issued stating that financing can increase sales by more than 20%.

·  Increase Sales and Close More Deals

By giving your customers affordable monthly payment options that fit any budget, you instantly increase their purchasing power.

·  Increase Average Ticket Size

Help customers get what they really want and eliminate compromise.  Financing makes your product more affordable and will increase your average ticket.

·  Attract More Customers

Use financing as a sales and marketing tool.  Low fixed rate loans and special 0% interest offers will help you attract more customers.

 

 

·  Stand Out From The Competition

Financing makes your product more affordable and will allow you to stand out from the competition.


Attract New Customers

By focusing on affordability rather than total purchase price, you will appeal to more customers and increase sales. Those individuals who do not have cash or credit available for a large purchase today typically lose their purchasing power and are forced to save up for their purchase over time. When you have a financing program available, you can stand out from your competition and give your customer another way to pay.

 


Save In Discount

We are very competitive on discount rates for each of the markets we serve. Our goal is to optimize discount rates to approve more customers, but to keep them simple and cost effective enough for you to focus on your customers and your bottom line. Our discount rates start as low as 1% with low fixed interest rates for no additional cost. We still offer all of the 0% interest offers made popular by big banks, but with our program, you could be less reliant on offering those programs (that cost you more in discount).

 

 

 

  ·  Step 1: Submit one simple online application

Your customer first submits one application online at the point of sale, using one of our many available easy quick submission methods.  After the application is submitted, your customer receives an instant credit decision and is presented with the best available loan offer.

 

Step 2: Finalize Details & E-Sign Docs

You then work with your customer to finalize the loan details, which includes selecting the loan amount, loan term, and promotional offer. After you finalize the details, our platform automatically generates the loan agreement for your customer to e-sign.

 

Step 3: Get Funded Directly

After your customer electronically signs the loan documents, all you need to do is provide your customer with the product or service they purchased. After your customer receives what they purchased, our platform will fund you directly within 48 hours.

 

Fast and easy to use for both the business and consumers

 

ZERO RISK

$0 setup fee 
$0 monthly charge 
$0 equipment costs

Zero downloads  
Zero hardware

$0 monthly minimum
$0 upfront fee
$0 cost for full training & dedicated assigned telephone support person

You always talk to a live representative located at company office in the US


Increase revenues 20% with full credit spectrum one-stop online consumer funding.

90% approval rate

Complete ongoing merchant training and support is included at no charge

Your consumers can apply at your website anytime anywhere from any device -- or an email that you send right there in your location -- with no effect on their credit score.


The only platform capable of funding such a wide range of consumer credit

 

 


ZERO RISK    100% NON-RECOURSE


Information on this page is evolving with newest at the top.

No effort is made on this website to sell any products or services.

This page is provided to help business owners discover trends with customer financing.

Small Business Reports does not receive commissions or bonuses or any remuneration whatsoever 
from companies or products reviewed or mentioned on this website.

 

No products or services are offered or sold on this non-profit educational informational resource

Editorials, opinions and articles are not a solicitation or an offer to sell, refer or arrange financing. Features in this publication do not promote or sell products, goods or services.
- not a mortgage broker, finance broker or finance lender - 
  SmallBusinessReports.org does not receive sales commissions or referral fees. 

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