PRLog - Sep. 7, 2012 - ORLANDO, Fla. -- Vital Cash Flow (VCF) today announced a new consumer finance program that may entitle small businesses to extend “No Credit Financing” to their customers.
No Credit Check Financing for Auto Repairs
The finance program offers no credit financing to customers who purchase Furniture, Auto Repair, Transmission Repair, Appliances (New/Used), Cell phones, Dental Services, Funeral Services, Plastic Surgery, Lawn Equipment, Plumbing Services, Electronics, Computer Repair Services, or just about anything else where there is better than average chance the sale amount can exceed a single pay period.
There are literally millions of hard-working Americans who have the ability to pay but unable to obtain credit, due to increasing credit requirements from traditional lenders and declining consumer credit scores. A payment process based on the employment income rather than a credit score gives consumers the option to have their account debited up to 12 months, while the business gets paid upfront. The process is simple enabling small businesses to acquire new sales that would otherwise be lost.
Businesses of any size can use this kind of financing to approve declines, reduce walk-aways, and advertise low payments instead of price discounts. They may qualify for streamlined approvals, simplified documentation requirements and generous upfront funding. Combined with a 24/7 online account management system and promotional mobile website, the program positions small businesses to succeed in today's tough economic environment.
Is No Credit Consumer Financing right for your business? A good starting point is to ask yourself the following questions:
1. Are more customers being declined through your current lender(s) than a few years ago?
2. Are more customers avoiding credit applications because they know they will be turned down?
3. Are you experiencing more estimates that don’t turn into work or purchases?
4. Are there more sales lost due to customers not having enough cash or available credit?
5. Are you offering price discounts to increase sales and cash flow?
If you answered yes to any of the above questions, then “No Credit Financing” may be ideal for you.
Want to learn more about reducing the amount of sales lost to customers not having enough cash or available credit? Visit http://www.vitalcashflow.net and they will customize a free marketing plan to increase sales for your business.