How do you know if you’re ready to dive into the world of retail finance?
A retail finance provider partners with retail stores to offer flexible financing options to consumers. If you are reading this you probably are interested in learning how to find a retail finance provider. Well look no further, at Financing Your Way we specialize in offering customized financing options for your retail business. Here are a few ways to ensure you are ready to partner with us.
Your customers complain about your prices
If you customers often complain about the price of your products, or come into your store simply to “look around” partnering with a retail financing provider should be your next priority. We can help you convert these lookers into buyers. We provide marketing, training and support to help you close the deal.
You have been in business for more than 1 year
Yes, you read that correctly. Financing Your Way is a retail finance provider that partners with new retail businesses. We want to help you expand through our consumer financing options! We can help you sell your products faster and for a higher margin. It’s fairly simple, and you can get started by filling out an application. Once approved you can offer your customers flexible payment terms and sell your products with ease.
You have a business license and business bank account
Our approval process requires that you provide a copy of recent business bank statements. The statements are safe with us and won’t be shared with anyone outside of our underwriters and lending partners. The bank account needs to be in your business’s name, and you will also have to provide a copy of your business license issued from your local government.
You separate business transactions from personal
While the approval process is fairly simple, our underwriters do review your transactional history to ensure you keep business and personal transaction separate. This is generally a best practice so be sure to only use your business debit card to make purchases and payment associated with operations. Handle personal purchases on your personal debit or credit card.
You have consistent sales
As a new business, our underwriters will look at your income. If you have consistent sales it is easy for them to gather data about your average sale and the amount of income you generate on a monthly basis so they can customize the best consumer finance package for your needs.