The demand for customer finance has grown in recent years due to restrictions on consumer income and credit. While many of the larger banks have reduced or restricted their programs to only the largest merchants and retailers, new, more versatile customer finance programs are coming into the market that provide real options for retailers, sales organizations and merchants nationwide.
River Edge, NJ (October 26, 2011) — Silverstreak Funding announces new, expanded programs for customer finance and customer financing to a wide variety of businesses and sales organizations that need to find a way to help their customers purchase their goods and services.
Offering a wide variety of both primary and secondary customer finance options means that Silverstreak has the flexibility to help merchants and businesses meet their customer financing needs while still being able to deliver programs that will increase gross revenues and convert prospects into buyers.
Some key features of these programs include
- Programs for “non-traditional financing” businesses such as travel clubs, truck driving schools, timeshare programs, television “infomercial” products, college planning services and others.
- Secondary programs for less than perfect credit for those companies that may be experiencing low approval rates with their primary source
- Programs for Home Improvement, Heating Air/Conditioning, Jewelry and Furniture, powersports, dental practices and more
- The ability to handle companies with a minimum of 1 year in business and annual sales volumes ranging from $400,000 to $500mm.
“The range of programs that are now available is incredible, given the fact that many of the large lenders have pulled back their traditional consumer financing products,” said Neal Coxworth, the firms founder. He went on to say that this sort of market retraction off leads to new opportunities as more nimble competitors come into the market.
For more information contact info(at)silverstreakfunding(dot)com
SOURCE: SilverStreak Funding