Small business customer financing is a type of a program that is offered by retail finance companies.
The concept is to make flexible financing options available to consumers. If you are reading this you are probably interested in learning the criteria these retail finance companies require. Well, look no further! Our team at Financing Your Way specializes in small business customer financing and we are here to provide the qualification details.
Demand From Customers
If your 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.
One Year of Business History
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 at 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.
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 name and you will also have to provide a copy of your business license.
Sales History
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 sales. They can also see the amount of income you generate on a monthly basis, so they can customize the best consumer finance package for your needs.