Make the sale and leave the financing to us!
Your credit program should benefit both your clientele and your financial position. The optimal decision for your company can be guided by our experience. Merchant Provisions offers consumer financing for the following industries:
Merchant Provisions has 2 lender platforms for you to offer your customers.
Platform 1: Direct to merchant Lenders- lenders that fund your business directly and deduct a discount (fee) from the funded loan. Depending on your business type and other criteria, you may qualify for prime, subprime or no credit check programs.
Typically, instant decisions with an easy process
You get paid 100% of the funds in advance as soon as your customer accepts the loan terms from one of our lenders.
2: Direct to Borrower Lenders- a platform that consists of lenders that fund your customers directly and will people with credit scores as low as 600. This is a flexible lending program that can be offered to any business with low, consistent discount (fees to your business).
We will set you up with programs that best fit your business. Contact us for a proposal.
Lower FICO score requirements equals more approvals...and more customers!
We will guarantee approval for 100% of applicants and deliver money directly into your business's bank account. It's not too good to be true, because it's TRUE. Even if a consumer has lower than sub-prime credit, or no credit at all, they will be approved.
Our program provides businesses with an in-house payment plan that is guaranteed even in the event of a default.
Let's illustrate the power of this program with a recent case study. A significant coaching business decided to submit all their loan declines into our program. Over their first 45 days and counting, they have processes 190 contracts worth $1.6 million. They take an initial down payment of $270 and finance the remaining balance over 36-42 months. The down payments alone have generated $51,000 of instant revenue on sales they would have lost.
Our Low Discount referral loan program allows most businesses the ability to offer payment plans to your customers. We provide low interest loans to borrowers with FICO scores as low as 500's with a per funded loan discount rate of 5.9%. This provides a significant savings in financing costs to the merchant with a higher approval rate than traditional lenders. Borrowers benefit from lower annual percentage rates than traditional lenders creating a more positive buying experience.Program 46: Prime to Sub-Prime Direct to Merchant Multi Lender Platform● Amounts from $1,000 to $10,000● Loan terms to 12 to 60 months● Easy on-line application process with instant decisions available ● Low fixed rates from 13.99% to 29.9% (depending on credit) with 0% promotions up to 24 months ● Discount from 4% to 9% down to 600 FICO Score (additional discounts may apply for 0% promotions ● No pre-payment penalties ● No recourse to business ● Funding directly to merchant within 48 hours
Direct to Borrower Prime to Near Prime Multi-Lender Platform ● Amounts from $1,000 to $35,000 ● Loan terms from 24 months to 60 months ● Easy on-line application process ● Low fixed rates from 7.99% (subject to credit scoring) to 29.9% ● A total of 5.9% discount all the way down to a 600 FICO score ● No pre-payment penalty ● Quick decisions ● Borrower is funded directly and pays business
Program 12: Prime to Sub-Prime Direct to Merchant Financing ● Amounts from $300 to $3,500 ● Approvals down to 580 FICO Score ● 3,6 or 12 Month 0% promotions ● Low discounts- 12% maximum ● Quick decisions ● Affordable terms (36 months)
We have several no-credit check options.
Program 32 No Credit Check Program with approvals typically between 70 – 90%. Simple on-line application with instant decisions. No support documents required on most applications. Customers must have a checking account.
• Amounts from $200 to $5,000
• $40.00 due at time of sale
• Traditional Plan: 9% discount to the retailer with 90 day no additional cost option (beyond the $40.00 paid at sale)
• No Cost Plan: 0% discount to the retailer with a 90-day discounted cost option (5.3% per month)
• Minimum monthly payment for the customer is 15% of the financed amount. For Example: On a $1,000 purchase price the monthly payment is $150.00 (paid weekly or bi- weekly). If paid over the maximum 12 months term, the total cost to the customer is $1,800. For No Cost Plan the monthly payment for the customer is 16.5% of the amount financed.
Program 33 No Credit Check Program with approvals typically between 70 – 90%. Simple on-line application with instant decisions. No support documents required. Customers are NOT required to have a checking account. Debit Cards OK! AVAILABLE in ALL 50 States
• Amounts from $500 to $3,500 (case-by-case)
• First payment of 9% of the financed amount due at time of sale.
• 6.3% discount to the retailer
• Customer has a 90-day discounted cost option (5% per month)
• Minimum monthly payment for the customer is 9% of the amount financed bi-weekly. For Example: On a $1,000 purchase price the customer pays $90.00 at the time of sale and $90.00 every 2weeks.
• Five months minimum term. At the end of 5 months the consumer can either.
1.Continue for another 5 months term
2.Purchase the product at 50% of the product (terms are acceptable and negotiable)
3.Return the product to the lender
• Can be used for e-commerce businesses Good for Furniture, Jewelry, Appliances, Electronics, Mobile Phones, Tires & Rims, Audio and Tools.
Program 34 No Credit Check Program with approvals typically 90%. Simple on-line application with instant decisions. No support documents required on most applications. Customers must have a checking account or savings account.
• Amounts up to $4,500
• First payment due at time of sale (collected by lender)
• 5% discount to the retailer
• Up to 36 months term (18 months term average based on life cycle of the product)
• No cost 90-day Promotion
• Monthly payments by customer
• Next day funding to the merchant
• Minimum monthly payment for the customer is approximately 15% of the financed amount. For Example: On a $1,000 purchase price the monthly payment is $150.00 (paid weekly or bi- weekly). If paid over the maximum 12 months term, the total cost to the customer is $1,800.
• Can be used for e-commerce businesses Good for Furniture, Appliances, Electronics. Simple on-line application with instant decisions. No support documents required on most applications. Customers must have a checking account.
• Amounts from $250 to $2,500 (case-by-case)
• $39.00 due at time of sale
• Traditional Plan: 7% discount to the retailer with 100 day no additional cost option (beyond the $39.00 paid at sale)
• Minimum monthly payment for the customer is 15% of the amount financed. Good for Furniture, Mattress, Tires & Rims, Appliances, Jewelry (2+ location businesses only)
Program 39 No Credit Check Program with approvals typically between 70 – 90%. Simple on-line application with instant decisions. No support documents required on most applications. Customers must have an active checking account for 90 days with no overdrafts (past 30days), and steady income for 6 months.
• Amounts from $3,000
• 90-day SAC Option
• Lease payments 16% of the total per month - 12-month term (early buyout option)
• $40.00 due at the time of sale
• 7% discount to the retailer Good for Verticals, Furniture, Appliances, Tires & Rims, Mattress, HVAC
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