Can you recommend a way to allow my customers to apply for credit on jobs over $5000 so I do not have to carry the account receivable and worry about collecting.
2007-02-21 06:58:16 · 2 answers · asked by sdog4433 2 in Business & Finance ➔ Credit
My credit union offers that service to business owners in Houston, Texas. Small banks or large credit unions typically offer this type of service. You just pay the credit card interchange. See the link below...
2007-02-25 03:25:49 · answer #1 · answered by khill 2 · 0⤊ 0⤋
When my dad had a business that sold big ticket items, he went to a local bank and made arrangements to have them make loans to his customers. The customers who needed to would fill out the loan application, he would take it to the bank, and they would do the credit check and make or deny the loan. Sometimes when they had to deny it, they could tell him how much more money the customer had to put down or what else they could do to qualify for the loan.
2007-02-21 15:09:21 · answer #2 · answered by Brian G 6 · 0⤊ 0⤋