Your business is one-of-a-kind, which means you need specialized financing knowledge and resources that cater to your specific needs. Partnering with the right consumer financing firm involves finding a team with the experience and industry-specific expertise to serve your company and your clients.
United Consumer Financial Services, a proven consumer financing firm with decades of expertise across many industries, is the end-to-end financing partner you need. Read on to explore why industry-specific expertise in financing matters and how UCFS delivers the consumer financing services you want and deserve.
Why Generic Financing Falls Short
Many financing firms take a one-size-fits-all approach to their merchants, even though every industry has diverse consumer financing needs and client demands. Unfortunately, a blanket approach to offering financing often results in a misalignment with merchants’ needs. Not only does this hamper sales, but it also contributes to consumer frustration.
Businesses need financing partners with specialized expertise and the resources to deliver what merchant and their clients need.
The Benefits for Merchants
Virtually every business benefits from accessible, affordable consumer financing. Whole-home water filtration, plumbing and HVAC contracting, cosmetic surgical centers, med spas, furniture stores, jewelry retailers, pet training and boarding: in many ways, these types of businesses operate in entirely unrelated fields. However, the common denominator is their customers’ need for affordable, accessible payment plans to obtain the product r service they need and want.
Offering consumer financing and creating an affordable pathway to purchase significantly benefits your business, no matter what you sell. Below, we list the primary benefits of working with a consumer financing firm with industry-specific experience.
Increased Approval Rates
When your financing partner understands your industry, your business, and your shoppers, they are better equipped to help you increase approval rates. An experienced consumer financing firm knows how to tailor underwriting to empower as many consumers as possible with accessible financing options.
The higher your financing partner’s approval rates, the more clients you serve, increasing your sales.
Better Communication and Support
Running a business takes your all. You and your sales teams don’t have time for muddy communication and misinformation from your financing partner. Firms with experience understand service expectations and can meet them. They can communicate with you in industry-relevant language to minimize misunderstandings that waste everyone’s time, energy, and money.
Faster Onboarding and Relevant Training
The right financing partner can execute faster onboarding so you can take advantage of the many benefits of consumer financing as soon as possible. Industry-specific training, including how and when to incorporate the financing conversation into your sales pitches, helps you engage with your unique customer base to move them toward purchase.
The Benefits for Consumers
Businesses aren’t the only beneficiaries of a strong consumer financing program. Shoppers win, too, when businesses and retailers partner with a consumer financing firm with relevant, industry-specific experience.
More Accessible Financing Options
Consumer financing creates a direct pathway to more sales and increased revenue, but only if those options are accessible and affordable for customers. The ideal financing partner provides flexible payment plans designed around purchase behaviors typical of your industry. An experienced financing firm will understand consumer needs and help craft payment plans accordingly.
Deep Knowledge of the Customer
A financing partner that understands your industry will not only understand your business but also your customers. Years of industry-specific financing service empower firms with deep knowledge of consumer needs, wants, and preferences, helping to tailor the underwriting process with terms that work for your client base and help them feel confident in their purchase decision.
Proven Financing Programs that Work
Few things can replace time-tested experience. Industry-specific financing from seasoned firms allows for less confusion in the application process. These programs feel familiar and trustworthy, giving shoppers the confidence to choose financing with the resources of an experienced, proven consumer financing partner.
UCFS: A Partner with Proven Industry Expertise
Your company needs a financing partner with industry experience to cater to your unique needs –- and those of your customers –– and the financial backing to deliver those services.
UCFS, a division of Marmon Holdings, owned by Berkshire Hathaway, does not rely on a bank for its financial backing. We’ve been in business for 45 years and have hundreds of years of staff experience in the field. We have the resources our business customers require to offer financing that helps them serve more customers, increase sales, and reap the benefits of timely compensation and positive cash flow. Over the last five decades, UCFS has partnered with companies across a spectrum of industries, giving us the experience and expertise to deliver specialized financing services to our clients.
In addition to our industry-specific financing expertise, our unique value proposition makes our services appealing to both merchants and consumers alike:
Easy Mobile Application
– UCFS provides paperless credit applications and contracts that helps you stay relevant with mobile-first financing. Your salespeople or your customers can apply for affordable financing from their phone, computer or a tablet, which allows you to submit their application instantly.
Fast Credit Decisions
– UCFS returns a credit decision in just a few moments, empowering businesses to capitalize on the excitement and momentum of the sale. A quick turnaround reduces friction in the sales process, allowing you to move forward with the transaction.
Dedicated Support
– United Consumer Financial Services is more than a financing provider. We are your partner, providing your teams with dedicated support to help you make the most of your consumer financing program. Our clients can reach us by phone or email to connect (in multiple languages) with a service agent seven days a week. We also provide documentation, videos, guides, and portal training to ensure you and your team are confident using our platform.
Don’t leave sales up to chance with generic financing from firms that don’t know you, your industry, or your audience. United Consumer Financial Services has the resources, experience, and expertise to deliver consumer financing programs that help your business grow. Contact our team today to learn more.
