Offer finance to your customer: The smarter way to grow your business

Why offer finance to customers?

Today’s consumer expects flexibility and convenience, especially when it comes to payments. By enabling customers to spread payments over time, you remove price as a barrier and make your services more accessible.

Increase Sales and Order Value

One of the main reasons businesses choose to offer finance is the ability to increase sales. Studies show that businesses can boost revenue by up to 40% by providing finance options.

When customers know they can break down the cost into manageable monthly payments, they are more willing to spend more on premium products and services.

In addition, offering finance can be the deciding factor for customers choosing between you and your competitor, making your products more accessible and attractive.

Customer Satisfaction

Offering flexible payment options directly addresses customers concerns about affordability and helps to ease financial stress. This improves satisfaction and loyalty.

With finance options in place, your business appears better equipped to meet customer needs compared to those that don’t. An excellent selling point for drawing in new customers.

Attract New Customers

One of the biggest advantages of offering finance is the opportunity to expand your customer base. By breaking down affordability barriers, you make your products and services more accessible to a wider audience.

This is particularly powerful for high-ticket items such as furniture, appliances, home improvements, or medical procedures. Finance allows customers to fit these purchases into their budget without delay.

Key points

• Increase Sales & Order Value: Offering finance can boost sales by up to 40% and encourages customers to choose higher-value products through manageable payments.

• Customer Satisfaction: Finance options ease affordability concerns, reduce financial stress, and build customer loyalty while positioning your business as more customer focused.

• Attract New Customers: Financing makes larger purchases more accessible, helping expand your customer base, especially for high-ticket items.

How does it work?

Many businesses assume that offering finance is complicated, but at Ideal4Finance we make the process simple and hassle-free.

To offer finance, you need authorisation from the Financial Conduct Authority (FCA). By partnering with us (a FCA regulated and authorised credit broker) you can become an Introducer Appointed Representative (IAR). This means you can offer finance options to your customers without needing direct FCA authorisation yourself.

The process is straightforward:

1. Customers apply online (or over the phone) - Your customer will answer some basic questions about eligibility, select their preferred finance plan from the list of options you offer, and then enter additional details required by the lender for credit and affordability checks.

2. You provide the product or service – Once the application has been approved, you will be notified.

3. We look after the repayments for you – Leaving you free to run your business!

Get Started with Ideal4Finance

Offering finance isn’t just about keeping up with competitors - it’s about giving your customers the flexibility they expect. By partnering with Ideal4Finance, you get a simple, FCA-compliant solution that helps you boost sales and grow your business.