Online retailer needs to finance his customers
Contact Barry from amspcs
I didn't recieve any contact info... mind reposting?
Thanks for the referral.
Have you done a web search on this? There are numerous companies (some you may know like Paypal or citifinancial) that will do indirect financing.
You might even think about doing it yourself. Let's say your cost per item is $500 and you sell it for $2,000. Get them to pay the $500 up front and then finance the rest yourself - set up a system to invoice them monthly or weekly. Plus, you might also be able to sell that paper to other financiers - say instead of setting your price at $2,000 - set it at $2,500 - collect your $500 and finance the remaining $2,000 - then sell that $2,000 note to a finance company for $1,500 - you still get the same amount.
Business Money Today
Online shopping isn't putting shops out of business, big department stores are. Online shopping in America still only accounts for about 10% of total sales. It's places like Walmart, Target, ShopKo and Khol's that are putting the little places out of business. The little shops just don't have the buying power to compete with their prices. It's not a bad thing necessarily, it's just different. It's the next step in our societal evolution.
I've been to the major lenders and they are all risk adverse at this time and will not sign anymore internet accounts.
Are there any middle-sized credit firms out there that want business and can accomodate credit approvals via an online form?
Very much interested