Customer Financing That Helps More Customers Get Approved in Houston!

In most cases, the financing process can begin with a soft credit inquiry, which does not impact the customer’s credit score. This gives applicants the chance to explore financing options without the immediate impact of a hard credit pull. If a customer accepts a financing offer, the lender may conduct a hard inquiry as part of the final approval process. The requirements can vary based on the lender and the financing program you select.

We have a network of third-party lending partners that offer financing options for a variety of credit profiles. Some programs may be available to customers with FICO scores as low as 550, and some applicants may also qualify for no credit check options. The approval criteria will vary from lender to lender and can include factors such as the amount of the loan, the repayment terms, your credit history and what you intend to use the loan for. This wide range of options helps the businesses serve a wider customer base.

Point of sale financing is used across many industries and purchase categories. Many companies in industries like home improvement, healthcare, professional coaching, roofing, HVAC and equipment sales have financing programs to help make larger purchases more affordable. By allowing installment payments for purchases, customers are able to move forward on things they may have otherwise put off.

Interest rates and financing structures vary based on a number of qualifying factors. These may include lender requirements, customer credit profile, amount of financing requested and repayment term selected. 2.99% starting rate for qualified applicants. Depending on the program, lenders may also offer deferred interest arrangements, promotional 0% financing and Same-As-Cash opportunities.

Our automated financing system can often deliver approval decisions within minutes. The process is designed to leverage multiple lending partners to help customers receive timely financing options and reduce delays that can slow down purchase decisions. Quick approvals help businesses close sales more efficiently and help long-term revenue growth

Participating financing providers generally pay businesses soon after the financing transaction is completed and approved. You aren’t limited to waiting for customers to pay through the term of the financing agreement. When the funds are released, the lender collects the repayments directly, allowing businesses to continue to maintain their cash flow and to focus on serving their customers.

Many businesses find the benefits of third party financing to be worth more than the alternative of self managed financing programs. In-house financing involves a lot of administrative work such as credit reviews, account management, payment collection, customer communication, and collection of overdue payments.

Fund My Contract takes a lot of that off your plate by connecting businesses with lending partners that take care of the financing process. Businesses are paid up front, which gives immediate access to capital that can be used to fund hiring, marketing, inventory, equipment purchases and growth initiatives.

Customer financing can assist businesses in providing affordable payment solutions that motivate customers to proceed with purchases they might otherwise postpone. It can also create opportunities for add-on sales and assist customers in handling large purchases with structured payment plans.

Our waterfall technology platform lets customers submit one application that can be reviewed by multiple financing partners. Soft credit inquiries help a customer understand what financing options are available to them without having to go through multiple applications with different lenders.

Fund My Contract also offers a wide range of other tools to assist with lead management, payment processing, financing programs, sales coaching, software training and ongoing business support to help companies perform at their best.

Financing solutions like contractors, healthcare providers, agencies, professional consultants, content creators, and eCommerce businesses can all benefit from many sectors and industries. Flexible payment plans can make services and products more accessible, while creating more revenue opportunities.

Many companies have used financing to make products affordable to customers and to drive growth through increased transaction volume and average purchase size.

Customer affordability challenges can have a direct impact on sales performance and long-term growth. If a firm only uses upfront payments, it could miss out on opportunities when customers want more flexibility.

Fund My Contract helps with these concerns by providing access to financing programs that can increase approvals, increase conversions, accelerate funding and increase customer satisfaction. This combo can help in customer retention and future business growth.