Getting a Loan to Benefit Your Customers

Getting a Loan to Benefit Your Customers

Written by Caitlin Wood
Last Updated 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.

 


Rating of 1/5 based on 1 vote.

Caitlin is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. 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. One of the main ways she’s built good financial habits is by budgeting and tracking her spending through the YNAB budgeting app. She also automates her savings so she never forgets to put aside a portion of her income into her TFSA. She believes investing and passive income is key to earning financial freedom. She also uses her Aeroplan TD credit card to collect Aeroplan points so that she can save money when she travels.

Click on the star to rate it!

How useful was this post?

Research & Compare

Canada's Loan Comparison Platform

Largest Lender Network In Canada

Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.

Make Smarter Borrowing Decisions

Whether you have good credit or poor credit, building financial awareness is the best way to save. Find tips, guides and tools to make better financial decisions.

Industry Spotlight

What's happening with Canada's credit industry?

goPeer — Helping Consumers Achieve Financial Freedom by Connecting Canadians Looking For Financing With Canadians Looking to Invest

goPeer — Helping Consumers Achieve Financial Freedom by Connecting Canadians Looking For Financing With Canadians Looking to Invest

goPeer is Canada's first consumer peer to peer lending platform and connects creditworthy Canadians looking for a loan with everyday Canadians looking...

Read Post
Locator
Find The Best Rate
In Your Region
OR
Best Personal Loan Provider by Greedy Rates
Icon

Confidential & risk-free

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.

When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.

Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.

Your data is protected and your connection is encrypted.

Loans Canada Services Are 100% Free. Disclaimer

Keep Track Of Your Credit Score

Subscribe with Credit Verify to monitor your credit rating and get your free credit score.