Retail Finance For All Types Of Businesses

Retail finance offers credit to the customer at the point of sale. Retail credit allows for the purchase of goods or services, whilst spreading repayments through instalments across select time periods, such as 6, 12, or 60 months. Whilst traditional transactional methods force the customer to seek external financing methods when buying an item using credit, retail finance allows companies to keep things internal, by offering applications and credit via partners such as Funding Falcon.

Retail finance, or retail credit, can be applied to many methods, with the most commonly used in the UK being as follows;
· 0% finance
· Bullet loans
· Buy Now, Pay Later
· Finance with Applied Interest

Retail finance is a great sales driver, as it makes retail more accessible than ever to the customer. Offering credit in this form at POS increases big ticket purchases without necessitating price alterations.

Retail finance can provide a substantial boost to sales across many sectors. It is not particularly suited to one sector more than another, and is used widely throughout the UK by businesses offering jewellery and fashion, consumer electronics, luxury goods, home improvement, electronics and appliances, medical procedures, and vehicles, just to name a few.

Companies wishing to offer their customers finance or credit can either administer loans independently, or partner with a third-party financing firm, such as Funding Falcon, to manage applications and credit on their behalf.

Offering retail finance, or retail credit at the point of sale can be the difference between a big-ticket purchase, and the loss of a customer. Once partnered with a retail finance provider, credit can be offered at the point of sale via an easy-to-use application system. This is most commonly completed on a tablet computer when offered in store.

Funding falcon usually returns a decision regarding applications within 45 seconds.

Retail finance has a long list of benefits for businesses of all sizes. Listed below are just a few;

· Increases in sales and average spend - on average finance can increase sales by 40% and average spend by 200%

· Extra cash flow - By giving your customers a way to pay, you are securing your sale, and driving your cash-flow upwards.

· More customers - 72% of the East of England use consumer credit as purchasing power.

Credit makes retail more accessible to customers, and is hugely beneficial to both the company, and the consumer.

Retail finance providers often have a minimum turnover requirement for partners. This, however, is not the case with Funding Falcon. With us, there’s no minimum turnover, no minimum years of trading and no waiting list. To find out more, take a look at our membership tiers today, or get in contact – one of our finance specialists will be happy to assist you.

With Funding Falcon, there’s no need to worry about cash flow. Any purchases made with retail finance with us are paid in full to the customer, who will then pay the retailer or business. The customer answers to the lending company, meaning providing retail finance through funding falcon is risk-free.

All of Funding Falcon’s products are regulated, meaning an FCA licence is required in order to access our lending network. If you wish to work with us and do not have an FCA licence, your business will be registered under our licence as an IAR, or introducer appointed representative. This process will take between 10 and 20 days.

Our packages start from £900+VAT annually. Check out our pricing page for a full range of annual prices or call our offices for multi-year deals.

Yes, we do take care of the FCA licence for you. As well as submit documents and reports to the FCA.

The APR starts from 3% and the overall result will depend on the customers own personal circumstances, credit history and affordability checks.

Your company will become an Introducer Appointed Representative (IAR) of our licence, this means that you will be authorised and regulated by the FCA, whilst you are under our membership. If and when your membership with us draws to an end, you will no longer hold any type of licence with the FCA. You must obtain an IAR with us even if you already have an existing IAR with another finance company. You will be exempt from needing this licence should you hold a consumer credit licence.

You do not need a minimal turnover amount or trading time, we understand that each business has its own purpose and end goals therefore we do not determine which companies we work with by either of these. Call one of the team today to see if we can work with you.

We charge only an annual or multi year fee. Other than this we DO NOT charge any additional costs to any of our members.

Depending on which package you decide to go for we will provide the option to process applications online.

Unfortunately, this isn’t something we offer. We do have a range of financing available including; Commercial lending, unsecured, secured and guarantor lending - which is all interest bearing.

Indeed, you will have access to updates, via the online portal. You will be given both access and training for this as part of the final stages of your membership process.

We pay the customer directly, this is the easiest and most hassle free way to use finance! It means that you bill the customer and they pay you in a lump sum amount directly, like a cash buying customer would. There’s less hassle and worry too - as any missed payments or defaults of any kind won’t fall back on you, but instead are between the lender and the customer.