Consumer Financing Company: Merchants Get Financing For Customers
As with any other type of loan, you will need to complete an application form and have your financial and legal documentation at hand. This could include your business and personal tax returns, personal financial statements, and business license and permits, among others. Term loans are disbursed as lump sums and paid over a predetermined period, also known as term. Term loans can have fixed or variable interest rates and repayment terms of up to five years.
Customers shopping for expensive products or services may seek out a company that offers contractor financing. By offering contractor financing your company can … Read more