What to Consider When Choosing a Consumer Financing Provider

April 7, 2025

Published April 07, 2025

What to Consider When Choosing a Consumer Financing Provider

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Businesses that offer financing can enjoy more conversions, generate more revenue, and experience faster growth in less time.

Small business owners who have decided to start giving their customers access to financing that can increase sales and edge out the competition may have trouble deciding which financing company offers the most advantages. Let’s face it, financing options can make it easier for a customer to say yes to completing that purchase, hiring your services, and recommending your business to others.

Why Work with a Consumer Financing Company Like Fund My Contract?

The longer your business waits to generate revenue, the greater the risk that your business will no longer exist. Most consumers don’t have the cash available to pay for high ticket items in one lump sum. But when you work with a financing company like Fund My Contract, your business benefits as you are no longer waiting for your customers to convert on a sale.

These days, consumer behavior is motivated by convenience and speed. Customers want what they need fast and businesses who can meet their demands are rewarded with higher sales and long-lasting customer loyalty. Consumer financing can be a powerful ally for achieving these objectives because today’s consumers have grown accustomed to choices, particularly in the way they can pay for the goods and services they need.

More brands and businesses are offering financing options to their clientele and that’s why Fund My Contract offers access to the most innovative and enthusiastic network of lenders who are dedicated to helping your business grow. But the financing plans you provide need to be easy to understand and come with a straightforward application and approval process. Customers don’t like to wait and, when it comes to financing, the longer it takes to get an approval, the more likely your customer will lose interest in the product or service and decide to go elsewhere, perhaps even to your closest main competitor.

Don’t let that revenue go into someone else’s business. Help YOUR business grow by offering simple financing programs through Fund My Contract.

Are You with the Right Consumer Financing Partner?

When the stakes are the long-term future of your business, it matters who you choose for your consumer financing provider. Consider the following:

How Easy is the Application Process?

You want a financing company who knows that customers want plenty of options. But they can also be fickle. Your provider should make it simple for customers to access the funds they need with an application that’s easy to complete, asking simple questions with basic information that doesn’t dwell solely on credit score and credit history, but also employment background, debt to income ratio and total amount needed for financing. The application should also be free of any upfront fees or hidden charges.

How Quick is the Financing Process?

Businesses who want to grow fast need to generate revenue and increase their sales at an accelerated pace. You want a financing company who ensures that your business gets paid quick and upfront even if the customer is paying over time. Your business should never have to wait for sales or the income that comes from those purchases, therefore your financing partner shouldn’t make you wait to bring in that income.

Can You Offer a Broad Range of Payment Options?

Customers like to have plenty of options, whether it’s multiple brands, products, and yes, financing programs that can make it easier to pay for the things they need. Your consumer financing partner should work with you to give your customers the payment options that cater to their specific needs. Every customer is different – some would prefer financing with low monthly payments, others would prefer low interest rates. You know your customers best, you should be able to service all of them and find out who qualifies for which program in a short period of time with a fast application process.

Does Your Financing Provider Offer an Online Portal?

Today’s high-tech marketplace has put the world at our fingertips and customers want to be able to access their financing provider through online avenues, be it a website or a mobile app. Your consumer financing partner should be able to meet that demand and give your customers access to their account details and payment methods online, 24/7. Consumers expect their providers to be available at all hours so they can check their account balance, set up autopay or make one-time payments via credit card or other online payment options in just a few clicks. This convenience can go a long way towards increasing conversions with your business.

Is Your Consumer Financing Provider a Reliable Partner?

When you decide to offer financing options to your customers, it’s important that you and your staff are knowledgeable about the programs you can provide and how to go about selling the customer on these valuable and beneficial financing plans. Your financing partner should be just that – a partner who is ready to help you train your personnel, giving them the tools they need to sell the customer on a financing program that fits best when that customer raises a price objection or continues to be undecided about moving forward on sale. Sure, the customer can afford to buy the product or hire your service, he or she just can’t afford to pay for it all at once in one lump sum purchase. But if your consumer financing partner has offered training, technical support, and is always a phone call or online chat away for answering questions, you and your staff can convince the customer to close the sale much quicker and generate revenue much sooner.

Why Wait to Succeed?

It’s time to make your decision. Give us a call to discuss all the ways we can help you secure the successful growth and prosperity of your business. When you work with Fund My Contract, you are connected to the most impressive network of enthusiastic lenders who are eager to work with you to develop the financing programs that will cater to your customers’ financing needs.

That means more sales, higher revenue, increased profit margins, and a faster rate of growth to keep your business in the black.

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