What is In-House Financing?

Offering In House financing to your customers is a great service!  This is a form of seller financing that permits the merchant to extend customers a loan in order to purchase goods or services from their store or business.  This type of financing / loan not only helps the business provide loans and financing to their clients, but because of this, it helps the business increase their sales because not all clients have enough cash to buy larger ticket items. This type of financing can make a huge difference in companies bottom line!  All the customers that would have been sent away, can not convert into a sale!

When applying for in house financing, the business and underwriter will want to review some information such as your credit score, income, rent or mortgage obligations, etc.  Interest rates can vary based on many factors, often may be higher, but worth it in most consumers view.  Terms for payment can vary from 12 months up to 4 years!

Instant Approvals for your client, Gives you a sale today!

Most In-House Financing programs are pretty simply.  You have the customer fill out an application, you call it into the finance company, and they provide an instant decision for the credit application.  Once approved, the customer leads with their product or service, and the merchant / business gets paid in usually 3 business days give or take.

Is It Easy to Start Offering In House Funding At Your Business?

If your business has been in existence for more than a couple years, and you can verify your tax records and bank deposits, you should apply for access to this type of financing.  Other factors will be reviewed.  Financing is a great service to your client, the instant approval is very convenience and helps close the sale for many of these spontaneous buyers out there!

If you have interest in adding In House Financing to your business model and services, please contact us today!