| Looking for a finance company for my customers |
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FredWeston
New Member
Cash: $ 0.65
Posts: 3
Joined: 11 Jan 2005
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| Looking for a finance company for my customers |
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Hello everyone, I am new to this board and have a few questions.
I own a small computer shop located in Florida. We sell PCs and also do networking and websites. I am looking for some info about offering my customers financing options for their purchases.
For example, if someone goes to a car dealership to buy a new car, they have an option to finance it through a 3rd party bank. When they buy the car, the bank wires the money to the dealer and then collects payments on the loan from the customer. As far as the dealer is concerned they were paid in full for the purchase.
I would like to offer something like this to my clients. Most of the work I do is fairly expensive - between $1,000 and $15,000 depending on the job. Obviously this is not pocket change to most people, so even though I can offer superior service at a lower price, Dell still gets the project because they offer financing and I don't.
I accept credit cards, but most people don't want to use their credit card if it's an expensive project.
I tried searching through google, but there is so much unrelated garbage, it's almost impossible to sort through it all and find what I want.
Does anyone have any suggestions on where I might look to find a company that is in this line of work?
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Tue Jan 11, 2005 8:18 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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It sounds like you are a good business owner have you tried confronting your bank to see if they would help in offering financing that way you both get some money out of it. I am sure they would be glad to help out especially if you helped screen out people that would definitely help... just some suggestions.
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Tue Jan 11, 2005 10:57 pm |
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FredWeston
New Member
Cash: $ 0.65
Posts: 3
Joined: 11 Jan 2005
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Hi, thanks for your suggestion.
Unfortunately I have already asked my bank and was unable to get anywhere with them. I bank with Bank of America, and what they do in this case is offer a rebranded BoA credit card with my company's name on it. I give the customer an application and then submit it to the bank. It takes a few days to get an answer back.
They have a pretty high monthly minimum - both new accounts and dollar amount. I would probably only have maybe one or two customers a month apply, if that.
What I'd really like is a company that would give me some sort of online application that I could have the customer fill out in the store and get an immediate answer (I.E. approved or declined, and their credit limit). If I could find something like that, I could sell a lot more systems to home users instead of primarily targeting only businesses.
If you have any other suggestions, please let me know. Thanks again for your suggestion though! 
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Wed Jan 12, 2005 4:43 am |
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domskynetlabs
Full Member
Cash: $ 21.09
Posts: 95
Joined: 24 Nov 2004
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A big local dive shop uses wellsfargo financing they seem to be happy with it
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Thu Jan 13, 2005 7:26 am |
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FredWeston
New Member
Cash: $ 0.65
Posts: 3
Joined: 11 Jan 2005
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Thanks!!! Wells Fargo seems to have what I need.
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Thu Jan 13, 2005 4:20 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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quote:
Originally posted by FredWeston
Thanks!!! Wells Fargo seems to have what I need.
Glad you found something you need.
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Thu Jan 13, 2005 6:56 pm |
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Realtor1
Member
Cash: $ 2.95
Posts: 12
Joined: 25 Jan 2005
Location: Elizabethtown Kentucky
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Whatever you do STAY AWAY from citifinancial.....your clients will HATE you if you send them there.
Rick
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Tue Jan 25, 2005 6:21 pm |
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itsblooming
New Member
Cash: $ 0.07
Posts: 6
Joined: 26 Jan 2005
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I could be wrong but the US seem to be a lot more creative in financing. Seems like if one has the will, there's sure to be a way!
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Wed Jan 26, 2005 4:44 am |
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arthur3ma
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 13 May 2005
Location: californian
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Hello everybody,
I have a big lot in California and I want to split and sell it to my neighbors , but they can not payoff the lot and they want to buy it with financing(monthly payment). I was wondeing if somebodey can help me and give me a advise that how can I finance them my self and sign a contract to be sure that no body can make a problem for me.
Thanks for your advance
Arthur
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Fri May 13, 2005 8:18 pm |
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