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11-09-2014, 02:31 PM #1Noob
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RTO funding
I just interviewed for a management position with a company that provides financing for customers in furniture and electronics stores. The salary isn't enough to entice me, but I like the model. Basically they take customers who can't qualify for store financing, purchase the furniture at full retail, then lease it back to the customer over a period of up to 12 months. How saturated is this market and high are the barriers to entry for a startup ISO?
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11-09-2014, 04:12 PM #2Member
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RTO funding
Not too innovative...
Most consumers know of "Rent A Center"...
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11-10-2014, 05:43 AM #3Senior Member
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sanford and son
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11-10-2014, 03:19 PM #4Noob
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- Jun 2014
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Maybe I was unclear. The model involves providing alternative financing options at more high end retailers. Think Ashley Furniture or Rooms to go. The lease-back is just to provide collateral on a short term consumer loan. The retailer receives full retail and does not have to turn a sale away for credit reasons.
Sanford and son was a junkyard, probably cash only.
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