Get a free, no obligation personal loan quote with rates as low as 9.99%
Free quote with no impact to your credit

Getting a Loan to Benefit Your Customers

Caitlin
Author:
Caitlin
Caitlin Wood, BA
Editor-in-Chief at Loans Canada
Caitlin Wood has more than a decade of experience helping Canadian consumers learn how to take control of their finances. Expertise:
  • Personal finance
  • Consumer borrowing
  • Credit improvement
  • Debt management
📅
Updated On: April 28, 2015

Most small business require the help of a loan, it’s the nature of the business. Start-up costs, new equipment and payroll are all necessary expenses even when your business hasn’t started to make a profit yet. If you’re currently a small business owner then you’re probably extremely familiar with the world of small business loans, and how they can help you succeed. But have you ever considered taking out a loan to help your customers?

If you run a small business that provides a service like a repair shop or a garage then many of your customers probably owe you money. More often than not repairs on vehicles or other heavy equipment are expensive and practically impossible to pay for with cash up front. This is where you can extend your services and help out your loyal customers. Here’s how it works:

  • Your lender will provide you with the cash you need (either that same day or the next) to cover the costs of your customer’s repairs, once the repairs have been completed.
  • This will allow your customers who cannot afford to pay the full amount upfront to spread their payments out over a longer period of time, typically 6 to 12 months.
  • You’ll be able to help out your valued customers, take on more repairs and successfully grow your business.

Loyal customers are the backbone of any well run business, whether it’s a repair shop or not. Keep your loyal customers happy and help bring in new ones by extending your services and making sure everyone gets what they need.

How a Loan Will Benefit Your Customers.

Your customers are the reason why you have a business and we know that providing them with the best service possible is your number one goal. Here’s how providing financial help will benefit your customers:

  • Your customers will be able to get the repairs they need without worrying about making a large payment upfront.
  • Your customer’s will be happy to come to you for all their repair needs because they know that financial assistance is an option.

How a Loan Will Benefit You.

Working out payment plans and providing financial help obviously benefits your customers but did you know that you and your business will benefit just as much if not more?

  • You’ll grow your client base because you can provide your customers with the services they want.
  • You’ll be able to take on more repairs and grow your profit.
  • You’ll never have to turn away customers again because of cash flow problems.
  • You’ll build new and positive relationships with your valued customers.

Building a successful business means providing your customer with the services they need and want and making sure they’re taken care of. Apply today for a loan that can benefit both you and your loyal customers.

 

Caitlin Wood, BA avatar on Loans Canada
Caitlin Wood, BA

Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over ten years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.

More From This Author

Special Offers

More From Our Experts

https://loanscanada.ca/wp-content/uploads/2016/08/interest-adjustment.png
Interest Adjustment Date: The Mortgage Term You Didn’t Know You Needed To Know

By Sean Cooper
Updated on June 24, 2025

Everything you need to know about Interest Adjustment dates, an often forgotten closing cost when buying a home.

https://loanscanada.ca/wp-content/uploads/2022/03/Financing-a-Tiny-House.png
Tiny Home Mortgage In Canada

By Lisa Rennie
Updated on June 24, 2025

Thinking of buying a tiny home instead of a regular house? Find all the tiny home mortgage options in Canada.

https://loanscanada.ca/wp-content/uploads/2020/08/Semi-Truck-Brands-Canada.png
The Best Semi-Truck Brands In Canada

By Bryan Daly
Updated on June 19, 2025

Looking for the right semi-truck for your business? Here are the top semi-truck brands on the market.

https://loanscanada.ca/wp-content/uploads/2016/12/caution-1.jpg
Beware of Fraudulent Lenders Impersonating Loans Canada

By Caitlin Wood, BA
Updated on June 17, 2025

A note to our clients about fraudulent lending practices and illegal upfront fees.

https://loanscanada.ca/wp-content/uploads/2024/06/farm-mortgage-1.png
How To Get A Farm Mortgage

By Bryan Daly
Updated on June 16, 2025

Thinking about investing in a farm or rural real estate, we've compiled everything you need to know.

https://loanscanada.ca/wp-content/uploads/2015/11/lines-of-credit-1.jpg
Guide On How To Use A line Of Credit

By Caitlin Wood, BA
Updated on June 13, 2025

Learn how a line of credit works, how to qualify, how to use it wisely, and how it compares with other borrowing options.

https://loanscanada.ca/wp-content/uploads/2018/08/Loans-with-a-cosigner.png
Types Of Loans You Can Get With A Cosigner

By Lisa Rennie
Updated on June 13, 2025

Personal loans with a cosigner are a no-brainer for borrowers with low credit or those who want to qualify for lower rates and better terms.

https://loanscanada.ca/wp-content/uploads/2018/07/Loans-with-a-guarantor.png
How To Get A Guarantor Loan In Canada

By Bryan Daly
Updated on June 12, 2025

Looking for loans with a guarantor in Canada? We have all the information you need about guarantor loans, check out this article.

Recognized As One Of Canada's Top Growing Companies

Why choose Loans Canada?

Apply Once &
Get Multiple Offers
Save Time
And Money
Get Your Free
Credit Score
Free
Service
Expert Tips
And Advice
Exclusive
Offers