Its hot right now!
We have seen many of our customers auto business slow down due to the large banks getting back into the market and cranking rates way down. With rates down so low local lenders are finding margins getting thin.
If you are looking for new sources of interest revenue you may want to take a look at our Indirect Retail Lending platform. This is a stand alone software system that will allow you to work with HVAC Dealers, Mattress companies, electronic stores, etc and offer them financing. Many of the super banks that are driving your margins down have exited the Retail Financing sector.
This is a perfect opportunity to come to the aid of local merchants and provide them with a local financing source. Interest Rates are higher and allow for better margins, as well as provide a great source of local presence.
If you are interested in you could streamline and automate this process, or how you may go about getting into this vertical, feel free to email or call me.
Happy Lending!
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