Danasfields

There is anew small business friendly retailfinancing program for merchants of all sizes and for customers of all credit types.
While consumer financing has been in existence for many decades, it is no secret that since the “credit crunch”, many of the prominent banks in the field have ceased working with businesses that do less than m per year in sales. Other companies will only deal with small businesses in very narrow markets that they are accustomed to doing business in, such as jewelry or furniture.

There are now programs offerings that will approve a merchant doing less than 0,000 per year in sales. Additonally, the terms being offered are very competitive and fit a wide range of credit situations to get a larger segment of consumers approved.
Meanwhile, many thriving and viable businesses such as furniture stores, home improvement contractors,powersports dealers and dental practices, to name just a few, have been struggling with a primary lender that grants very few approvals, or having no source for customer finacning at all to offer their customers who may not have cash

or room on their credit cards. This new alternative features:

-Businesses eligible to join with as little as one year in operation and 0,000 per year in sales all the way up to 0 million or more
-Credit approvals down to a 580 credit score.
Web based, individualized online access with quick approvals, quoting payments at point of sale, and printing of loan documents.
ACH Funding to the merchant within 48 hours of job completion or order fulfillment.
VERY competitive rates from 8.99% to 19.99%
No recourse for the merchant whatsoever, no reserve requirements.
No upfront fee for merchants to join.

Even if a business or dental practice already has a primary retail financing source, this program can generally approve
30-50% of the turn-down applications from a primary source, turning declined applications into revenue for that company.

It’s crucial to remember that in today’s economy, new options for retail finance are available because the marketplace for this type of financing is enlarging as consumers feel the squeeze of having their credit card limits pulled back by traditional credit card lenders as well as the overall lack of equity they have in their homes to finance high ticket projects. Retail finance lenders know this, and have made lending products to lend in to a wider range of credit scenarios that still make sense for the today’s businesses.

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