FAQs

FAQs

Is my business eligible for the We Finance This™ program?

If you sell any product or service from $500 to $100,000, you should sign up for We Finance This™ so you can offer 100% financing to your customers.

What is the We Finance This™ program?

We Finance This™ gives you a 100% in-house financing program for your customers purchasing any product or service from $500 – $100,000. Your customer will be able to pay you the full financed amount in one lump sum within days of the approval decision and pay their bill over time.

What is the current financing offer available to my customers?

Your customers can use the We Finance This™ program to 100% finance your products or services from $500 – $100,000 for up to 36 months at rates that start at 0% for qualifying buyers.

Can my customers still use the We Finance This™ program if their purchase is smaller than $500?

No.

Can I customize my pricing for my products and services using the We Finance This™ program?

Yes. This is one of the most powerful sales benefits to you as the merchant. You can offer your product or service with a “cash” price of $20,000 for example. You can give your customer your We Finance This™ in-house financing alternative price of $25,000 for 100% financing of the product or service at 0% interest for up to 9 months (for qualified buyers). In the We Finance This™ scenario, you actually make $2,250 more on the sale because you sell for $25,000 and we would take $2,500 as our fee of 10 points and you would net an extra $2,250. So in general, you can customize your “cash” and “We Finance This™” pricing to fit your needs to sell more and make more.

What are the benefits for your customers of using the We Finance This™ program and promotional financing?

With customer / client finance programs designed to meet the needs of business, both you and your customers will benefit from our We Finance This™ program.

Offering We Finance This™ as a payment option to your customers benefits both you and your customers. We Finance This™ can help you increase the number of sales, order sizes, and the average amount of each sale. Qualified We Finance This™ buyers can purchase your products or services with up to 9 months of 0% financing. We Finance This™ gives your customers the flexibility to buy now and pay later on all purchases of $500 to $100,000. With We Finance This™, you get paid the full financed amount within days of your customer’s purchase.

Will you still get paid if your customer doesn’t pay the We Finance This™ monthly payments?

Yes. You get paid up front for the full financed amount of the sale so you can stay focused on new sales and new customers.

We Finance This™ takes care of collecting monthly payments from your customers. Your customers buy now and get more time to pay for up to 36 months.

How do I get started?
The process starts by you submitting an application.

What type of financing will be offered to my customers with the We Finance This™ program?
We Finance This™ is has a group of private lenders that will offer short-term private money loans for up to 36 months so your customers can purchase your products and services from $500 – $100,000.

Are the We Finance This™ loans revolving?
Yes. Your customers can use the We Finance This™ program to finance a purchase, then later pay off the financing, and then reuse the financing like a credit line to purchase additional products and service for up to 36 months.

What documents do I need with my application?
None. Sign up for We Finance This™ now and within minutes you can start offering 0% in-house financing to your customers. We will supply you with marketing copy and banner ads for your sales team and your website to promote your We Finance This™ program. Your customers can now get 0% financing on purchase from $500 – $100,000.

What documents do my customer need with when they apply for the We Finance This™ program?

REQUIRED DOCUMENTS: Completed finance application & supporting documents, including, but not limited to:(i) Finance agreement(ii) Loan applications(iii) Personal Guarantee

 

How much does this cost you?
We Finance This™ is a free service for you. There’s no sign up fee for We Finance This™ and no charge to you when your customers use We Finance This™ to finance their purchases.

How much does this cost your customer?
There is no application fee for the We Finance This™ program. Interest rates vary. Typically between 10 – 16%. Some financing may start at 0% for up to a year for qualifying buyers. We typically get paid 10 points on the total amount of financing provided to your customer. Remember, the financing is for up to 36 months which is less than 3.5 points per annum.

Do my customers have to personally guarantee the financing?
Yes. The financing is credit driven and thus your customers will personally guarantee the loans.

Will the loans show up on your customer’s personal credit report?
No, We Finance This™ are private money loans that will not show up on your customer’s personal credit report.

What is the interest rate?
Varies. Typically between 10 – 16%. Some loans starting at 0% for up to a year.

Are the payments interest only?
Varies. Some loans are interest only and some will post a portion of the payment toward the principal.

What is the minimal monthly payment?
The minimal monthly payment ranges from 1 – 2% of the credit line balance per month which includes the lender’s servicing fee.

Is there a pre-payment penalty?
No.

How long is We Finance This™ loan?
Up to 36 months

Do you take my customer’s personal credit score into consideration?
Yes. We Finance This™ private money loans require your customer to have 700 credit score.

How secure is my customer’s information?
Our servers are SSL secured.

How long does it typically take for the We Finance This™ process to be completed?
Your customer is typically pre-approved within 24 hours and funded within 10 – 14 days.

Are you a direct lender?
No. We match your customer’s application with private money lenders we work with.

What are the fees associated with your service?
We typically get paid 10 points. Remember, loans are up to 36 months which is less than 3.5 points per annum.

Who should you call if you have any questions?
You can always call our office at 888-350-7001.

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