Have you been looking for a way to make your business stand out from competitors? Are you tired of missing out on big revenue-generating opportunities due to sticker shock? Do you want to enable consumers to spend more at your establishment while also eliminating the friction traditionally associated with applying for credit?
A partnership with LendingUSA can answer all of these questions. Thousands of business owners are already leveraging the power of our seamless, user-friendly platform to serve their customers better and boost their annual revenue.
Benefits of Offering Point-of-Sale Loans
Offering point-of-sale loans via LendingUSA’s robust online platform unlocks a multitude of benefits for your business, including:
Fast Pre-Approvals
When a customer is on the brink of making a high-dollar transaction with your business, the last thing you want to do is slow their momentum. Creating an opportunity for hesitation could inadvertently cause them to shy away from a once-attractive purchase.
LendingUSA has created a seamless approval process to eliminate this irritating sales barrier.
It takes mere minutes to apply for point-of-sale financing through our platform. Our automated system can generate a pre-approval decision within seconds of a customer’s application submission. This allows you to maintain sales momentum when customers are concerned about the affordability of your services or products.
Higher Average Order Value
When customers make purchases using their primary checking accounts, they are often limited with how much they can spend. They typically set these internal spending thresholds based on what they can afford at that very moment. Naturally, this trend can drive down average order values.
Fortunately, point-of-sale loans can be a powerful catalyst for increasing your average order value.
Flexible financing options allow customers to spread out the cost of a major purchase into manageable monthly installments, encouraging them to follow through instead of balking at the last minute. What’s more, LendingUSA can make point-of-sale financing even more appealing by offering no interest on select loans if the loan is paid back in full within the promotional period*.
Expanded Revenue Generating Opportunities
If your average order values rise, your total revenue will follow suit. Increases in revenue represent the single greatest benefit of offering customer financing at your establishment.
Point-of-sale financing yields this benefit by allowing customers to afford services or products they might not otherwise buy. This consumer-friendly form of financing is particularly beneficial for helping clients deal with unexpected expenses, such as medical bills and emergency repairs.
Without point-of-sale loans, customers may put off necessary services, which could mean lost revenue for your business.
Improved Customer Loyalty
Another often-overlooked benefit of point-of-sale financing via LendingUSA is that it can enhance customer loyalty. This is especially true if your business operates in the medical, pet services, or funeral industries.
If you work in one of these sectors, you know customers often fail to anticipate many expenses associated with your services. Examples of unforeseen expenses include sick or injured pets, the sudden passing of a loved one, or the development of a medical condition that’s not covered by insurance.
Customers may be left feeling frustrated and helpless when they need these types of services but can’t afford them — even though your business hasn’t caused their hardships, you’re still the one that has to tell them “no.” In the worst case, this could tarnish their perception of your company or services and lead to long-term negative feelings.
LendingUSA can help you tell these customers “yes.” With our financing platform, you can create an avenue for necessary services that your competitors don’t. As a result, your customers are more likely to view you as a problem solver that was there for them in their time of need, giving rise to lasting feelings of loyalty.
No Recourse to the Merchant
When providing loans to borrowers, there’s always a risk of borrowers defaulting on their loans. However, when partnering with LendingUSA, you as a merchant don’t have to worry about borrowers potentially defaulting.
This is because loans through LendingUSA’s are non-recourse to the merchant if the borrower defaults. Non-recourse loans means that the lender or its assignees assume all risks associated with the performance of a loan. Therefore, you as a merchant are not at all liable if a borrower defaults.
Why Partner With LendingUSA?
At LendingUSA, we understand that selecting a point-of-sale financing partner is no small decision. The company you decide to partner with will have a direct impact on your customer’s buying experience and will influence their perception of your brand.
With that in mind, it’s critical to choose a reputable financial services provider like LendingUSA. By doing so, you can provide your valued customers with:
A Seamless Financing Experience
LendingUSA promptly processes and responds to all loan requests. Once a consumer is approved, its lending partners disburse funds quickly so you can get paid for your goods and/or services. This serves several purposes.
First, our process minimizes delays during the transaction while simultaneously ensuring that you can access your funds within a few days of loan origination. It also encourages your customers to use our point-of-sale financing services again in the future, setting the stage for repeat purchases, which benefits everyone, including your business.
Access to Favorable Loan Terms
The lending process is a breeze, and LendingUSA’s loan terms make the approach even easier for everyone involved. None of our loans fees for early repayment. Additionally, many consumers qualify for no interest on select loans if the loan is paid back in full within the promotional period*.
Self-Service Tools
After receiving a loan from LendingUSA, borrowers can easily make payments using our intuitive, easy-to-learn online self-service tools. Should one of your customers encounter an issue with their loan or our platform, our exceptional customer service team is standing by to assist via phone or email.
As a LendingUSA client, your business will also enjoy full access to our customer service and tech support teams. We’ll swiftly address any concerns you may have regarding our platform, financing options, or suite of services and ensure that everything is running smoothly so that your business can too.
Ready to Start Offering Consumer Financing?
Consumer financing is undoubtedly one of the best ways to boost sales, reduce friction and hesitation during the purchasing process, and help your clients get the goods and services they need when they need them.
If you’re ready to harness the power of point-of-sale financing to achieve your revenue goals, LendingUSA can help. Sign up on our website or schedule a free demo of our dynamic platform to get started. For more personalized assistance or to speak with a team member, don’t hesitate to contact us directly.
