How does the financing work for clients?
The financing process is straightforward. Once your business partners with TFG, you’ll receive a custom financing page to direct your customers to. Customers can apply for financing through this page, and TFG will handle the approval process. Approved customers receive their funds quickly, usually within 24 to 48 hours, allowing them to proceed with their purchases or services without delay.
What are the benefits of offering financing?
Offering financing options can significantly enhance your business by increasing customer inquiries and conversions. Customers who might otherwise be unable to afford your products or services can now access them through flexible payment plans. This not only boosts your sales and revenue but also improves customer satisfaction and loyalty.
Is there any liability for our business?
No, there is no liability for your business if a customer defaults on their financing agreement. All agreements are strictly between the lender/bank and the customer. Your business receives payment upfront, as usual, ensuring that you are not financially impacted by any defaults or payment issues. This allows you to offer financing options with confidence and without risk.