Consumer Financing

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Increase Your Revenue with Consumer Financing

Strato Capital Solutions understands business owners who are:

  • Primarily Business-to-Consumer focused
  • Provide a product or service with a pricing range between $1000 – $40,000
  • Are being asked regularly, “Do you provide financing?”
  • Having to turn customers away because financing is not available

Benefits to Consumer Financing

There are many benefits to incorporating this type of financing into your business.

Some of them include:

  • Increase in throughput
  • Attract larger population of customers
  • Increase repeat business
  • Establish brand awareness
  • Build customer loyalty
  • Approvals for customers with low credit scores (down to 620 FICO score)
  • Wide variety of industries eligible (medical, retail, travel, memberships, etc.)

What Makes Us Competitive?

  • Business gets funds directly from the bank up front versus dealing with payments from the consumer
  • Contractors can receive payment for services prior to work being completed versus competitors who require a completion/satisfaction certificate from the customer
  • The cost to the business is only 2% of the loan amount versus competitors charging 5% to 15% of the loan amount
  • The 2% cost doesn’t change regardless of how good or bad the consumer’s credit score or what terms they choose versus competitors who charge more for lower credit score consumers and longer term loans

How It Works

Any company that sells products or services between $1000 and $40,000 is eligible for this financing program. We offer financing to your customers so that you can receive the full purchase amount of a product or service up front while still affording your customers with the convenience of a payment plan. In addition, we can purchase and manage an existing portfolio of “in-house” loans or Retail Installment Contracts. We can offer your customers on-the-spot credit processing and approval, and e-signature capabilities. Contact us for more information on the different types of Consumer Financing we offer and whether your business is a good fit.

 

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