Retail Financing – Silverstreak Funding announces New Retail Financing Options for Small Business, Home Improvement Dealers, Powersports and Dental Practices
Retail Financing – Silverstreak Funding announces New Retail Financing Options for Small Business, Home Improvement Dealers, Powersports and Dental Practices
River Edge, NJ (PRWEB) August 30, 2011
Silverstreak Funding announces the rollout of a new small-business friendly consumer finance program for merchants of all sizes and for customers of all credit types.
While consumer financing has been around for many decades, it is no secret that since the “credit crunch”, many of the prominent players in the field have stopped working with businesses that do less than $ 50m per year in sales. Other companies will only deal with small businesses in very narrow markets that they are accustomed to doing business in, such as jewelry or furniture.
“This is the first program I’ve seen that will approve a merchant doing less than $ 500,000 per year in sales. Beyond that, the terms being granted are very competitive” said Neal Coxworth of Silverstreak Funding.
Meanwhile, many thriving and viable businesses such as furniture stores, home improvement contractors, powersports dealers and dental practices, to name just a few, have been struggling with a financing source that grants very few approvals, or having no financing source at all to offer their customers who may not have cash or room on their credit cards. This new program features
Businesses eligible to join with as little as one year in operation and $ 400,000 per year in sales all the way up to $ 100 million or more
Credit approvals down to 580.
Web based, customized merchant portal with instant approvals, quoting payments at point of sale, and printing of loan documents.
ACH Funding to the merchant within 48 hours of job completion or order fulfillment
VERY competitive rates from 8.99% to 19.99%
No recourse for the merchant whatsoever.
No upfront fee for merchants to join.
Even if a business or dental practice already has a primary financing source, this program can generally approve 30-50% of the turn-down applications from a primary source, turning dead files into revenue for that business or practice.
To find out more about this program, please click here or call and email the contact numbers below.
About Silverstreak Funding – Silverstreak Funding is the funding source for small business working capital loans, factoring, consumer finance, commercial leasing and hard money commercial mortgages. The company’s principal, Neal Coxworth, is a 20 year retail, educational and commercial finance veteran who believes that speaking directly with clients is the best way to fund solutions.
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