The financing landscape is evolving. In the past, businesses had to rely on banks for financing. However, banks are now more risk-averse and are not always willing to lend to small businesses. Companies are searching for a more reliable source of financing.
In such a scenario, consumer finance companies are stepping in to fill the void and offering financial assistance to trembling businesses. Consumer finance is an emerging industry with immense potential. It can be an excellent companion for businesses in their growth journey. Consumer financing companies enable organizations to retain customers, increase sales, and improve customer satisfaction.
Nowadays, numerous consumer financing companies are mushrooming with the intent to help businesses. However, it is essential to carefully select a financing company that best suits your business needs. Reviews of companies are a great source to know about a company’s reputation. In this blog post, I’ll share reviews of some of the most popular consumer financing companies, like Time Investment company and Care Credit reviews. So, let’s begin.
Time Investment Company
Time Investment Company is one of the most popular consumer financing companies. It offers various financial services to various sales businesses, including home improvement, water services, electrical and plumbing, and pool and spa businesses. It also provides financial assistance for different medical treatments, including cosmetic surgery, general dentistry, and Lasik surgery.
This company provides its services to retail businesses that sell expensive products or services. It enables customers to get the products and services they need and pay for them over time. Time Investment Company offers various financing options with flexible terms and affordable monthly payments.
Time Investment Company has a long-standing reputation in the industry and is known for its quick and easy application process. It offers a wide range of financing options and provides customer support through its website.
Financing from Aqua Finance
Aqua Finance is another well-known consumer financing company that offers a wide range of financial services to home improvement, HVAC, and water treatment businesses. It also provides financing for medical treatments, including cosmetic surgery, general dentistry, Lasik surgery, and bariatric surgery.
Aqua Finance offers a variety of financing options with flexible terms and affordable monthly payments. However, its interest rates are higher than many other consumer financing companies. It provides only limited payment plans.
Financial Assistance by Greensky
Greensky is a leading consumer financing company that offers various financial services to home improvement, solar, and retail businesses. It also provides financing for medical procedures.
It has links with banks and marketing organizations to provide financing to businesses. It bridges between the lenders and borrowers. You can get personal loans within a few days from this company. If you need home equity loans, it might take some weeks for finance approval.
The application process for getting funds from Greensky is quite simple. It offers funds with no interest if you repay the loan until the promotional period. However, if you fail to return the loan within the promotional duration, you have to pay a high-interest rate.
Funding via Care Credit
Care Credit is one of the best Greensky alternatives that provide financing for medical treatments. It offers financing for a wide range of medical treatments. You can use its services for financing chiropractic procedures, dental treatments, surgical cosmetic treatments, dermatologic procedures, hearing aids, and eye care. It also offers financing services for veterinary care.
Care Credit has a simple and secure online application process. It offers various repayment plans with low monthly payments. You can get pre-qualified for funds up to $25000. It also offers no interest if you repay the loan within the promotional period.
Partnering with Synchrony Bank
Synchrony bank is an FDIC-approved online bank that offers financial services to retail businesses. It also provides financing for medical treatments. It offers various online banking products, including savings accounts, checking accounts, certificates of deposit, and money market accounts. It also provides a wide range of credit products, including credit cards, personal loans, and home equity lines of credit.
High Yield Savings account holders can get a debit card, online and mobile banking services, and paperless statements. They can also access ATMs worldwide. Its mobile app enables you to manage your account, view transactions, and transfer funds. You can also set up account alerts to track your account balance and activity. However, synchrony banks don’t provide loans to customers or retailers. Its credit card offers some repayment plans, but they are of not much use to customers.
Funding from Sunlight Financial
Sunlight Financial is one of the best consumer financing companies that offer to finance in the home improvement niche. It provides loans for roofing, windows, doors, and HVAC systems. It also promotes the usage of renewable energy sources by providing loans for solar panel installation.
It offers a wide range of repayment plans with affordable monthly payments. It also offers multiple financing plans, and you can choose a plan that suits your needs. They provide a line of credit to borrowers that they can use for future home improvement projects. However, it provides a limited loan amount for each project. If you require more loans than the set limit, you need to switch to other lenders. It offers standard financing options, and browsers can’t customize them according to their needs.