What is Consumer Financing?
Consumer financing is when businesses offer their customers financing options through third-party companies.
Why Should My Business Offer Consumer Financing?
Consumer financing can help your business stand out amongst the competition and make it easy for your customers to say YES to costly, but necessary repairs. In addition, consumer financing can help your business:
- Increase your customer’s buying power
- Close More Deals
- Increase Average Ticket Size
BuyMax Consumer Financing Partners
Through our preferred lender group, which includes trusted institutions like Synchrony, GreenSky, and Fortiva, we have curated a selection of lending products tailored to meet the specific needs of each project. These financing options may include a variety of installment loans and promotions, such as the popular 6-month no interest, no payment promotion from Synchrony. By offering such flexible payment options, you can better serve your customers and drive higher sales.
Below is a list of our partners and criteria for each so you can determine which partner is right for your business.
BuyFin
BuyFin offers consumer financing options for contractors in the home service industry. BuyFin is as simple as:
- Sign up for BuyFin and customize your rate sheet
- Send loan application to your customers via text or email
- Instant customer decision lets you request immediate payment
With many unique benefits to contractors, BuyFin can help your business increase average ticket size, close more jobs, and boost your customer loyalty through:
- Staged funding
- Digital application process
- Same-day ACH payments
Synchrony
Synchrony offers your business an end-to-end financing program that gives your customers the option to pay for home improvement projects over time.
With Synchrony, you will benefit from:
- Plans that boost your bottom line
- Financing at your fingertips
- Total transparency, no unwanted surprises
- Real, responsive support for your business
- Flexible plans with up with 180-month terms available
Register with Synchrony Lending Today
All loans are unsecured personal loans originated by Synchrony Bank, Equal
Housing Lender
. Subject to credit approval.
Greensky
GreekSky offers your business many benefits when you sign up for their consumer financing solution.
Offers Customers Options & Close Deals
- Deferred interest plans1
- Credit limits up to $100,0002
- Ranging plan options to suit the needs of many buyers
Delight Your Customers
- Easy: Customer selects plan
- Paperless: Customer applies easily via mobile app or phone
- Fast: Credit decision
Get There Fast
- Provide credit decisions within seconds from application submission3
- Funding process begins immediately upon authorization
- Use the GreenSky Merchant Portal to process progress payments up to your staged funding limit
1Subject to credit approval. Interest is billed during the promotional period, but all interest is waived if the entire loan amount is paid in full before the end of the promotional period.
2Subject to credit approval.
3Applications with data entry or credit check complications may be decisioned in a period longer than seconds.
Fortiva Retail Credit: Second Look Funding
If your customers don’t qualify for financing through your preferred consumer financing vendor, don’t worry! We offer second look financing through Fortiva Retail Credit.
Fortiva approves customers that have been declined by other consumer financing partners. Fortiva Retail Credit offers your business:
- Approvals down below 500 FICO scores
- ACH payment within 24-48 hours
- No minimum amount needed to finance
- Credit lines from $5K - $20K
Your customers will have access to deferred interest options, affordable monthly payments, no prepayment penalty, and more.
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BuyMax Fleet Services was incredibly easy for us to use. They handled everything for us - from the purchase to installing our graphics. The price was good as well.
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We joined the BuyMax Insurance Program and have already seen better coverage and have saved $17,000 on our existing $78,000 policy. That's a 22% savings!
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With BuyMax insurance, we are now seeing a 25% savings compared to what we had previously and are exploring further insurance savings opportunities!
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The BuyMax team has been exceptional to work with! The team has been very helpful in raising our awareness with Authority Brands franchises that we weren’t partnered with.
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