Fit Small Business: Get Your Business Into Shape! › Forums › Small Business Finance Forum › Does retailer offer consumer loans through its own funds? › Reply To: Does retailer offer consumer loans through its own funds?
This is certainly a possibility, depending on where your business is at financially. It can be very straining for a company to financially offer this to many customers due to the percent of customers that make late payments or who end up not making payments. If you’re struggling with cash flow in anyway currently then this could make your entire situation worse.
However, if you have plenty of cash then this type of financing solution could be a great solution for your customers and a nice second income stream for your business. You’ll be on the hook for your full cost of whatever product or service you’re offering, however, until the customer pays. Just keep that in mind. If you can financially make that work then go for it, but most small businesses either can’t or won’t have that much money at risk at any given time.