Customer Financing That Helps More Customers Get Approved in Nashville!

Typically, customers can start the financing process with a soft credit inquiry, which allows them to see financing options without impacting their credit score. This first review allows you to get an idea of what financing options are possible without impacting your credit score with a hard credit check. If the customer proceeds with an approved financing offer, the lending institution may perform a hard credit inquiry prior to the completion of the loan. Each lender has their own approval criteria so credit requirements and application procedures may be different from one financing program to another.

Fund My Contract works with a wide network of lending partners that accommodate customers across a spectrum of credit profiles. That means businesses can offer financing options to customers who may come from a variety of financial backgrounds and have different borrowing needs. There are financing solutions for some applicants with FICO scores as low as 550 . Some programs may offer no credit check financing to qualified applicants . Final approval is based on income, credit history, loan amount, repayment structure and lender specific qualifications. The more lenders customers have access to, the better the chance that they will be able to find financing that fits their needs.

Businesses in a variety of industries use point of sale financing to help customers manage the cost of higher value purchases. Financing can be applied to HVAC replacements, roofing services, healthcare procedures, cosmetic treatments, business coaching, commercial equipment, home improvement projects, and numerous other products and professional services. Monthly payment plans make large purchases more affordable for customers by spreading out the cost over time instead of requiring a large upfront sum. This often results in benefits to the business through better customer satisfaction, bigger average purchases and increased sales opportunities.

Lender guidelines and applicant qualifications determine the repayment terms and promotional offers of financing programs. Borrowers who are well qualified can get rates as low as 2.99%. Some financing providers also offer promotional programs including deferred interest offers, 0% financing for qualified customers and Same-As-Cash financing options. As each applicant is evaluated on an individual basis, customers can receive multiple financing offers, enabling them to choose the repayment solution that best matches their financial goals.

With Fund My Contract’s automated financing platform, customers are often approved for financing within minutes. The process connects applications with a wide network of lending partners, providing quick responses to enable customers to assess financing options without having to wait long periods of time. Faster approvals help businesses shorten the sales cycle, boost conversion rates and generate more opportunities to close the deal successfully.

Upon approval and closing of financing transaction, lenders generally fund loans in accordance with their normal funding procedures. Instead of waiting for customers to pay off their loans, businesses get paid shortly after funding is complete. The lender takes care of the payments and servicing of the loan, giving companies a predictable cash flow and less of a headache.

Internal financing often means companies have to spend a lot of resources on managing all levels of the financing process. Evaluating applications, assessing creditworthiness, collecting payments, maintaining customer accounts, monitoring outstanding balances and resolving defaults can be time consuming and costly.

Fund My Contract takes a lot of this work away from you by providing you access to third party financing partners who do these things. Businesses benefit from faster funding, less operational complexity, better efficiency and greater flexibility to invest their time and resources to serve customers and grow their business.

Customer financing helps alleviate affordability concerns that often stop customers from making bigger purchases. Offering flexible monthly payments enhances access to products and services while helping businesses drive sales volume and average transaction sizes.

Fund My Contract’s waterfall technology enables customers to complete one financing application that can be reviewed by multiple lenders through a soft credit inquiry during the qualification process. This simplified system saves time, reduces duplicate applications, and improves access to financing by connecting with multiple lending partners.

Businesses also gain access to valuable business resources including lead scoring, financing assistance, payment processing tools, loan servicing support, Buy Now Pay Later solutions, software onboarding, sales coaching and ongoing customer service.

Customer financing can be used to help businesses in industries such as home improvement, healthcare, professional services, consulting, digital marketing, eCommerce and many other service or product-based businesses. Financing enables customers to break down their payments into affordable monthly installments, making it easier to manage larger purchases. This can help increase customer loyalty while allowing businesses to boost revenue and build better, long-term relationships.

Often, customers miss out on sales because they need more payment flexibility before they buy. Financing is therefore a practical solution which bridges the gap between customer interest and purchase confidence.

Fund My Contract assists businesses to increase financing opportunities, increase approval rates, increase sales conversions and get funded in a timely manner. These advantages can lead to increased customer satisfaction, better retention, more referrals, and sustainable business growth.