When was the last time your bank had a product or service that would substantially increase the sales of your small business customers? Are your small business customers considering leaving your bank for Fintech’s who offering something you can’t provide?
Fintech experts claim that virtually all small businesses will have some sort of buy now pay over time product by the end of 2023. The Fintech programs allow consumers to buy something and pay for it over time and the purchase is generally subsidized by the small business. What if your bank had a product that provides a similar service but you make the loan rather than have your client take a hit on the sales price?
For dentists, HVAC companies, veterinarians, furniture stores, tire stores, roofers or any small business with larger ticketed items, we have the answer. Industry data shows small businesses will increase sales by 30% or more if consumers can pay for the purchase over time. How can your bank participate in this fast growing business?
Quilo provides instant access to loans from your bank via a smart phone using your underwriting criteria. Consumers make purchases from your commercial customers and pay for them over time with a loan from you…and your small businesses are thrilled.
To see how Quilo can be a huge competitive advantage for your bank contact Strunk at 800.728.3116 or firstname.lastname@example.org.