Increase retail sales with no cost to the business by providing a lease-to-own option to your shoppers. If they are low on funds and don’t have access to traditional credit, there is another solution available to help them pay for the product on the spot. In the past lay-away programs would be the only other common option available to retail business owners trying to increase sales for their cash-strapped patrons.

Personal Lease Options now available allow for a new revenue stream even better than lay-away as the business owner has no additional cost of goods sold and they get funded right away. It might sound too good to be true but it is not. Once you sign up with Joseph Stepke, aka Joe The Finance Guy, every day you have access to credit for your shoppers, to increase your retail sales. Are you wondering what kind of retail sales are eligible for this type of financing? There are a large host of retail sales that qualify including tires, wheels, electronics, appliances, jewelry, furniture, and more. Learn more on the home page of Joe The Finance Guy under the In Retail heading.

Traditional financing

Let’s unpack what traditional financing is: it is defined as a loan or a line of credit secured through a financial institution under conventional terms based on the “four C” namely: character, collateral, capital, and capacity.

Take a look at the table below and see the comparison made of the advantages and disadvantages of traditional financing.

Advantages	Disadvantages
Low-interest rate: the longer the loan terms the lower the interest rate. The lender reaps the benefits.	Cash Flow: major drawback is that it affects the business’s cash flow, the higher the loan the more you commit to paying it back each month. This will affect the profit margin.
Build Credit: the scope to building your credit score is longer	Collateral risk: collateral or security is demanded. Often this will be in the form of a property could be your home or the business itself.
Tax benefit: some long-term loans have the benefit for a tax exemption	Limited eligibility criteria: those that qualify are only between the ages of 21-58.
	Credit score: when EMI’S are missed or delayed, the credit score goes down drastically. This in hindsight affects future loan sanctions.

All of this is good but nowhere does it mention having support or bringing in an influx of clients after this credit has been given. Leaving you as a business owner at risk.

Customer Financing with Joe The Finance Guy

Joe The Finance Guy often emphasizes the alternative funding he provides. When you go through his website and YouTube videos you get to learn that his company is the one that will take on the risk for retailers by providing the money they are borrowing, to complete the sale transaction with the retailer upfront. You as a partner (business owner) will gain a new client (customer) sell them the goods, and earn your profit while the customer also enjoys their new product.

Another great benefit is that the offered funding option has no fee to the business owner, so you earn more than if they were to utilize a credit card to make the purchase. There is transparency and this helps the partnership.

The funding is designated for customers who do not have the cash, don’t qualify for the traditional credit but still want to purchase the product. There are different requirements depending on which business the customer wants to purchase from. As described in 6 Reasons Everyone NEEDS to Get The Damn Winter Tires, the qualifications for a loan are pretty simple, including:

3 Months of recurring income
90 days with a checking account
Earn over $1000 a month

Solutions and Flexibility

As a business owner, you have got to admit that having a partner like Joe The Finance guy is a dream. He brings about solutions other financial institutions do not have. The service allows you to gain more customers without any additional risk to you.

Payback solutions for the shoppers who sign up for these personal leases include some flexibility including choosing from 90 days to pay back the debt, extensions ranging from 12 months to 24, no prepayment penalties, and more. The shoppers also get to leave with the product they purchase right away, instead of having to wait until all the payments are made with an old-fashioned layaway program

No Doubt at all

Now, after everything you’ve read do you still think this is too good to be true? It might sound too good to be true but this game-changing financing is real. If you are running a retail business and looking to increase sales please reach out to Joe The Finance Guy to discuss how you can get your business set up today.