Offering finance to my customer

[guerrilla]

Hi,

I am thinking of offering finance to my customers. Sale price in rougly £1500-£5000.

I have never done this before and the company im trading under and the moment has only been incorporated 10 months.

Does anyone have any advice they can offer me?

Thanks.

[bwglaw]

I am sure there will be a finance expert along shortly i.e. Ian. However, I would mention that for businesses in the UK if you are offering finance to your customers you will need a credit licence. I think this still applies even if you use a Finance House to provide the credit, but I am not too sure

Jonathan

[guerrilla]

id kinda like to have a deal with another company as i dont want to become a finance company myself.

[bwglaw]

You would need to contact a Finance House that offers credit for your particular product/service. The FSA website or even the OFT website might be useful

Jonathan

[inbakumar]

Originally Posted by guerrilla

Hi,

I am thinking of offering finance to my customers. Sale price in rougly £1500-£5000.

Is it possible to tell us what you actually sell and also whether you are selling to businesses or consumers?

If you are selling tangible goods that have a useful life of more than three years and your customers are businesses then we can possibly help.

For some general info please click here.

Regards

[Ian J]

Originally Posted by handsongroup

I am sure there will be a finance expert along shortly i.e. Ian.

Sorry but I was on vacation and missed this thead when I returned. There are finance companies that specialise in supplier support and I'm sure that inbakumar will point you in the right direction.

[guerrilla]

I'm selling training courses mainly in the IT sector