
Simplified Approval Process
In today’s competitive retail environment, offering flexible financing options is essential for businesses aiming to enhance customer satisfaction and drive sales. TredFi provides an innovative platform that streamlines the financing process, connecting customers to multiple lenders through a single, secure application.
Simplified Approval Process
TredFi’s platform simplifies the approval process into four straightforward steps:
1. Apply: Customers complete a simple, risk-free application on any device.
2. Match: The platform provides multiple pre-qualification offers from various lenders, including lease-to-own solutions.
3. Multiple Offers: Customers receive personalized financing options and select the one that best fits their needs.
4. Fund: Funds are typically received within 48 to 72 hours, with many merchants receiving funding as early as the next business day.
Why Choose TredFi?
Transitioning from manual, single-lender applications to TredFi’s multi-lender platform offers several advantages:
• Increased Approvals: Access to multiple lenders increases the likelihood of approval, capturing sales that might otherwise be lost.
• Ease of Use: The streamlined application process enhances the customer experience.
• Flexibility: Tailored financing options cater to all credit types.
• Support and Security: Dedicated support and robust security measures ensure a reliable financing process.
• Insightful Analytics: Real-time data feeds and seamless integrations provide valuable insights for businesses.
The Importance of Offering Financing
Offering financing can significantly impact consumer behavior and business performance:
• Consumer Influence: 77% of consumers say financing influences where they shop, yet only 49% are aware that financing is available in-store.
• Increased Applications and Approvals: Businesses experience a 62% increase in financial applications and approvals.
• Higher Sales: Financed sales often result in a $400 higher average sale and a 25-35% increase in sales tickets.
Frequently Asked Questions
• Early Payoff: Customers can pay off their financing early without prepayment penalties, saving on interest.
• Requirements: Basic requirements apply, with programs available for all credit types.
• Application Process: The secure online application connects customers to multiple lenders with a single submission.
• Interest Rates: Competitive terms are offered for all credit types, including options for those with less-than-perfect credit.
• Approval Time: Decisions are typically made within a few business days.
• Financing Scope: Financing is available for wheels, tires, and vehicle accessories.
By integrating TredFi’s financing solutions, businesses can provide accessible financing options, enhancing customer satisfaction and driving sales growth.
