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  1. #1

    How can I offer in house financing to my customers?

    Is there a vendor that I can provide in house financing with? For example I have sectional couches for $2000 is there a company that can provide financing to my customers?

  2. #2

    How can I offer in house financing to my customers?

    ExtendCredit.com
    - I've worked with them our in house finance program for POS. Additionally, we've worked with them as sales partners to work with HVAC, Medical, and Home Furnishings merchants to provide the same solution we use.
    - They have an optional service where you allow them to call your customers who miss payments or bounce automatic payments and charge you a small fee for collecting it, like $5 , and that fee is added into the customers payment.
    - They can show you how to set up the solution so that it doesn't cost you anything, because you pass costs to customer ... and in some cases make more than the cost of losses by charging appropriate interest and finance rates.
    - Good guys.

    RAProfits.com
    - Good solution, not as many options as EC, owner is a bit full of himself ... but product is good for basic.

  3. #3
    Senior Member Reputation points: 68233
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    I will PM you.. we provide that service.. up to $3500 no credit check 12 month terms

    rg@businesscapitalconsultants.com

  4. #4
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    Check out SPS's product. https://securepaymentsystems.com/ezpay.html

    I'm not sure how long they've been offering this product, but they've been in the gift card & loyalty space for a LONG time. Good team over there. Steve Eazell is always at all the industry trade shows.

  5. #5

    Lightbulb In-House financing

    Manage your own In house Finance company with CreditStar. www.creditstarsoftware.com

    A properly ran In-House Financing department will make more profit on the investment than the parent company.

    Return business is almost guaranteed because your client will already have an account with your business.

    Ron
    ron@amsoftco.com
    American Software & Computers Inc.
    800-617-8271

    Quote Originally Posted by cashadvancer View Post
    Is there a vendor that I can provide in house financing with? For example I have sectional couches for $2000 is there a company that can provide financing to my customers?

  6. #6
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    There are many solutions to provide in house funding. The right product however depends on the industry, area and average ticket/sale price. SPS can be challenging regarding the businesses they approve, and also hit clients for equipment lease fees- among other things. Touch base with real answers.. rg@businesscapitalconsultants.com

  7. #7
    Check out Blispay by visiting https://blispay.com/merchants. We have several partners who sell furniture and are seeing success with Blispay.

    Entrepreneur Magazine's latest issue (released this past weekend) actually features a story about the success Laura's Home & Patio has had by offering Blispay to customers. We also published a short blog post touching on their results: https://blog.blispay.com/early-succe...o-f01d659eb3ac

    A couple more Blispay merchants in the furniture category off the top of my head include:
    * https://thefurnitureoutfit.com
    * http://www.annerolandfurniture.com
    * http://www.modernfurniturestudio.com

  8. #8
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    synchrony finance, same company that offers rooms to go / city furniture etc..
    https://www.synchronyfinancial.com/p...fordevice=true
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  9. #9
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    We offer inhouse vendor finance - hack, can even structure a blind-discount down to a zero percent interest rate so your customer think they're getting a real bargain

  10. #10
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

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