I want to offer my customers finance

[dawn mulholland]

Hi
I'm a small business in cosmetic tattooing, I recently started offering training.
The training is between £3000 and £6000
I would like to offer my customers finance to pay for this training.
I'm struggling to find a company that will offer small businesses this option.
any advise please

 

[QuickRebates]

From what I gather, you are looking for another finance company to pay your balance in full, then your customer pays the finance company in instalments with interest?

Why not offer your customers finance yourself, and have them pay in instalments?

 

[Mr D]

The usual lenders will lend your clients money to pay you.
If they can assure themselves they will get the money back and your clients are credit worthy enough and have enough income.

Specifically to lend to new business ventures as a business loan? Can be a lot harder with higher risks.

 

[Nsarah6]

Hmmm, this will be difficult as the finance company will be reliant on you as a business and will want to assess your accounts; to ensure that you stay in business for the duration of the consumer finance to the customer. Have you been trading long? I can recommend a company and contact at one of the consumer finance companies - PM me for more info

 

[Mark T Jones]

First, you will need limited authority from the FCA.

The facility will probably be a personal loan - which will of course rely on the credit rating of the individual customer, bu=t won't depend on your own accounting information.

Truth is, most operators in this field are looking for volume business.

Another option is simply to become an affiliate of Zopa