Customer Financing That Helps More Customers Get Approved in Atlanta!

Most customers start the application process with a soft credit inquiry. This type of credit check does not usually affect a person’s credit score, and allows for exploration of financing options without the impact of a hard inquiry. If the customer accepts a financing offer, one or more lenders may do a hard credit check as part of the approval process. Requirements will vary according to the financing provider and program selected.

We have a broad and diverse network of lending partners in terms of credit profiles. This allows businesses to offer financing opportunities to a wider range of customers. There are some programs that may be available to individuals with a FICO score as low as 550 and applicants with challenged credit histories may also be eligible for no credit check financing solutions. Approval is conditional upon a number of criteria including the size of the loan sought, credit history, the structure of the financing, income considerations and the nature of the business or business service. This broad approach helps to increase access to affordable payment options.

Point of sale financing can be applied to many industries and a variety of products and services. Examples include HVAC systems, roofing projects, healthcare treatments, elective procedures, coaching programs, equipment purchases and other higher-ticket services. For customers, financing can make larger purchases more affordable by allowing them to spread out payments over time, instead of paying the full cost up front. For businesses, financing can help boost sales and average transaction size.

Financing terms are based on the lender, customer qualifications, loan amount, repayment schedule and other approval factors. The rates can be as low as 2.99% for well-qualified applicants. In addition to traditional financing options, some lenders offer promotional programs that may include deferred interest periods, 0% financing offers for qualified customers, and Same-As-Cash payment plans.  Depending on the finance provider and the eligibility of the applicant, candidates will have a choice of options.

Many applicants receive financing decisions in minutes from our automated approval platform and lender network. It’s a process that’s designed to provide quick answers so that customers can make informed buying decisions without long delays. “By helping customers access financing faster, businesses can streamline the sales process, improve conversion rates and create more opportunities for sustainable growth.

Generally, after the transaction is closed and the financing is approved, the lenders involved disburse the funds according to their funding procedures. Businesses are paid without waiting for the customer to complete the repayment period. The lender then takes care of collecting scheduled payments, assisting businesses with managing consistent cash flow.

The responsibility of in-house financing goes well beyond the sale itself. Evaluating credit, collecting debt, managing accounts, tracking customers and managing defaults can all take up a lot of resources.

Fund My Contract makes this easier by providing you with access to third party financing partners who handle those tasks. Businesses benefit from upfront funding, lower operational complexity and opportunities to reinvest and expand.

Financing can help businesses close more sales by making purchases easier for customers. Flexible payments can break down the usual barriers to a customer moving forward with bigger purchases.

Our intelligent waterfall platform allows customers to fill out one application and be underwritten by multiple lenders with a soft credit pull. This shortcut method saves time and can help your chances of getting financed without submitting multiple applications.

Businesses also have access to tools and services like lead scoring, financing support, loan servicing resources, payment processing solutions, Buy Now Pay Later programs, sales education, software training and dedicated support.

Customer financing solutions can be a great tool for businesses in a variety of industries including home improvement, healthcare, professional services, digital businesses, agencies and eCommerce businesses.

This reduces the purchase price and allows businesses to develop better relationships with their customers which results in more revenue opportunities in the long run.

Every sale lost due to delay is a missed opportunity for growth. But if customers require more flexibility in payment, financing can provide a bridge between interest and action.

Fund My Contract helps businesses get more approvals, increase conversion rates and get funded fast. These benefits can lead to customer satisfaction and new business, and repeat business from existing customers.