Customer Financing That Helps More Customers Get Approved in Charlotte!

Most of the time, a soft credit inquiry will be sufficient for the initial financing application. Soft pulls typically do not affect your credit score and generally are not visible in a way that will impact future lending decisions. If the customer decides to accept a financing offer, participating lenders may perform one or more hard credit inquiries as part of the underwriting and approval process. Specific requirements can differ depending on the lender and the chosen financing program.

Our large third-party financing network covers a wide range of credit profiles including customers with FICO scores as low as around 550. We have financing options for people with challenged credit histories that may not require a traditional credit check. Your eligibility may depend on several factors, such as your credit history, income, loan amount, financing structure, and the industry in which your business operates. Lenders have different standards to approve people. This means many consumers can get financing options that make purchases more manageable through affordable payment plans.

Point of sale financing is available for a wide range of industries and purchase categories. These can be for HVAC installations, roofing projects, healthcare services, business coaching programs, equipment purchases, elective procedures, and many other products and services. Customers can finance larger purchases spreading the cost rather than paying the full amount at once. This added flexibility can often allow businesses to increase conversion rates while increasing average transaction values.

Financing rates and repayment terms vary based on the lender, the applicant’s credit profile, the amount being financed, the structure of the financing program, and other qualifying factors. For well-qualified applicants, rates may start as low as 2.99%. Depending on the lender and program, businesses may also be able to offer promotional financing options that include deferred interest plans, 0% promotional financing periods, or Same-As-Cash programs. Available terms and qualifications will differ among financing providers.

Our automated approval platform and network of lending partners helps many customers get financing decisions in minutes. The system is designed to make the financing process easier and to help connect applicants with the financing available as quickly as possible. Fast approval times can be a win-win for the customer and the business, helping to prevent delays during the sales process and making it easier for the customer to move forward with their purchase while helping companies close more deals and support long-term growth.

Merchants in Direct-to-Merchant and Direct-to-Contractor financing programs don’t have to wait weeks or months to get paid. When a customer is approved for financing and the transaction is completed, the funds become available and are transferred to your business account based on the lender’s funding process. And the financing provider then takes care of collecting customer payments, so your business can focus on serving customers and generating revenue and strong cash flow.

Many businesses opt for third party financing because they get paid upfront versus receiving payments over time. With traditional in-house financing, a company has to do everything itself, including credit evaluations, loan administration, payment collection, delinquency management and funding responsibilities.

For the business, working with Fund My Contract means access to funded transactions immediately, creating better cashflow right from the start. The added liquidity can help fund expansion efforts, marketing campaigns, staffing needs, equipment purchases and other investments that contribute to long-term growth.

By providing customer financing through Fund My Contract, businesses can increase their chances of closing sales by making purchases more affordable for their customers. Businesses can offer flexible financing options, rather than requiring payment up front, which allows customers to move forward with confidence.

Our intelligent waterfall technology makes it easy by connecting customers to multiple lending partners through a single application. A soft credit inquiry can be checked across participating lenders, helping customers to see what financing options are available without having to fill out a separate application for each one.

Businesses also gain access to additional tools and services that can improve their competitive position. These can range from lead scoring solutions, loan servicing support, credit card processing capabilities, Buy Now Pay Later programs, sales training, software guidance, business consultations and ongoing customer support to help you achieve the highest levels of success.

Customer financing solutions are used by a wide variety of businesses including home improvement contractors, healthcare providers, professional service firms, agencies, content creators and eCommerce companies. Most businesses create opportunities to grow revenues and improve the customer purchasing experience by offering customers multiple payment options and transparent financing solutions.

Avoid hidden fees and unexpected costs that can impact profitability. Some businesses can generate significant additional revenue through financing programs, depending on sales volume, industry and financing adoption rates.

Business owners often face challenges when customers are delaying their buying decisions due to budget or payment flexibility. Waiting for transactions to close can impede growth and lead to uncertainty that impacts future planning and investment decisions.

Fund My Contract addresses these challenges by increasing the financing approvals, improving conversion opportunities and accelerating the funding process. This can increase customer satisfaction by making buying easier and the customer experience more seamless, attracting new prospects and encouraging repeat business from existing customers who appreciate flexible payment options.