Get a free, no obligation personal loan quote with rates as low as 9.99%
Get Started You can apply with no impact to your credit score

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 eight 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/2024/12/Powersportfinancing.png
Powersports Financing In Canada

By Lisa Rennie
Published on December 12, 2024

Are you in the market to purchase a new or used powersport vehicle, we can help you. Find how to finance a new or used powersport vehicle.

https://loanscanada.ca/wp-content/uploads/2014/12/Pay-Rent-With-Credit-Card-Canada.png
Can You Pay Your Rent With Your Credit Card In Canada?

By Caitlin Wood, BA

Can you pay rent with your credit card in Canada? If so, how would the process work and what are the pros and cons?

https://loanscanada.ca/wp-content/uploads/2024/12/disability-loan.png
Can You Get A Loan While On Disability Assistance?

By Steven Brennan

Navigating financial challenges while receiving disability assistance can be tough, especially when you struggle to find approval for a loan. For Cana...

https://loanscanada.ca/wp-content/uploads/2024/12/motorcycle-financing-1.png
Motorcycle Financing

By Jun Ho

Whether you are eyeing a sleek Harley Davidson, a trusty Yamaha, or a custom-built ride—here's our guide on how to finance a motorcycle.

https://loanscanada.ca/wp-content/uploads/2017/10/Prime-Rate-1.png
What Is The Prime Rate In Canada?

By Sandra MacGregor

What exactly does prime rate mean and how can it have such a potentially powerful impact on your life?

https://loanscanada.ca/wp-content/uploads/2024/11/Kikiff_specai_offer.png
Kikoff Review – Credit Building Plaform Now Available In Canada

By Lisa Rennie

Kikoff offers a credit account designed to help you build a positive credit profile, whether from the ground up or to improve poor credit.

https://loanscanada.ca/wp-content/uploads/2024/12/Home-Equity-Line-Of-Credit-Vs.-Line-Of-Credit.png
Home Equity Line Of Credit Vs. Line Of Credit

By Lisa Rennie

A HELOC and personal line of credit may seem similar, but there are many differences you should know about before opting for either option.

https://loanscanada.ca/wp-content/uploads/2016/08/identity-theft.png
How To Tell If You’re A Victim Of Identity Theft

By Lisa Rennie

An essential guide to help prevent and deal with identity theft.

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

Build Credit For Just $10/Month

With KOHO's prepaid card you can build a better credit score for just $10/month.

Koho Prepaid Credit Card