Small Businesses Win Big with New Customer Financing Options

Whether you’re selling custom-made furniture or contracting services, helping your customers find financing helps you stay in the black. Not all customers can pay out-of-pocket right up front; however, they could turn into loyal fans of your business if given the chance to finance.

Historically, small businesses have struggled to find a partner that can provide a la carte financing options for their customers. Capital Bankcard South is changing that fact. Here is a look at how offering financing to your client and customer base can help your bottom line.

What Are the Pros of Offering Financing?

The chief advantage to small businesses is a profit increase. In fact, the average sale for small businesses with financing can increase by as much as 120%. Other benefits of offering financing include:

• Additional future purchases of at least $500 by customers who are offered financing.
• Improved low price marketing opportunities – for instance, small businesses can advertise prices as $50/month as opposed to $2,000.
• Ability to attract a new demographic of customers who can’t pay up front but are interested in your products.
• Happier customers who appreciate a host of payment options.

How Does Customer Financing Work for Small Businesses?

If you’re new to financing, figuring out how to get started might sound overwhelming. With help from Capital Bankcard South, though, the process is painless and will start earning you dividends in no time. Here are the basic stages of what happens when you partner with us for customer financing:

• The customer applies for and is approved for financing in just minutes.
• Using their financing, the customer purchases their goods or services and the small business gets paid immediately.
• Customers make monthly payments to the financing company until the debt is repaid.

Considering adding new financing options for your customers? You’re off to a good start because financing increases sales. Plus, your cash flow won’t suffer since you’re always paid up front. With customer financing added to your repertoire, you’ll attract a new set of loyal clientele and take your business to the next level.