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

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/2023/04/car-rebuilt-title.png
Should You Buy A Car With A Rebuilt Title?

By Lisa Rennie
Updated on December 12, 2025

One way to save money when buying a car is getting one with a rebuilt title. But while you might be saving money, is it worth the risk?

https://loanscanada.ca/wp-content/uploads/2013/02/Pros-and-Cons-Joint-Mortgages.png
Joint Mortgage In Canada: Should You Get One?

By Lisa Rennie
Updated on December 9, 2025

Looking to buy a house and grow your wealth but reduce your financial burden? You may want to consider getting a joint mortgage in Canada.

https://loanscanada.ca/wp-content/uploads/2021/12/Leasing-A-Car-Through-Your-Business-Canada.png
Leasing A Vehicle Through Your Business In Canada

By Lisa Rennie
Updated on December 9, 2025

A business lease vehicle, what is it and how does it work? As a business owner, you have the option to lease a vehicle through your company.

https://loanscanada.ca/wp-content/uploads/2016/06/wage-garnishment-in-canada.png
Wage Garnishment in Canada: A Guide

By Lisa Rennie
Updated on December 8, 2025

Learn how wage garnishment works in Canada, legal limits, your rights, & steps to stop or reduce garnishment.

https://loanscanada.ca/wp-content/uploads/2018/10/How-To-Buy-A-Foreclosed-Home-In-Canada.png
How To Buy A Foreclosed Home In Canada

By Lisa Rennie
Updated on December 8, 2025

Why not buy a foreclosed home in Canada? It is a way to get your first home or an investment property. Here is what you need to know.

https://loanscanada.ca/wp-content/uploads/2022/07/How-Long-Mortgage-Approval.png
How Long Does It Take To Get A Mortgage Approval?

By Lisa Rennie
Updated on December 5, 2025

How long does it take to get mortgage approval after you've found a home? Check out this blog post to learn more.

https://loanscanada.ca/wp-content/uploads/2015/08/Personal-Emergency-Loans.png
Emergency Loans In Canada: A Complete Guide

By Lisa Rennie
Updated on December 5, 2025

Are you currently facing an emergency and need cash immediately? Get the cash you need now with an emergency loan.

https://loanscanada.ca/wp-content/uploads/2023/01/Student-Loan-Refinancing.png
Guide To Refinancing Student Loans

By Lisa Rennie
Updated on December 4, 2025

If you're struggling to pay down your student loan, refinancing might help. Find out if you qualify for student loan refinancing.

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