Large retailers such as department stores, big box stores and home improvement stores have long offered in-house financing programs for consumers. These programs allow customers to make large purchases, such as major appliances and furniture, and spread payments over time with no interest (as long as they pay in full within a set time period).
Now, a new breed of installment payment plan companies is springing up to offer retail financing solutions to even the smallest businesses. These plans promise to help you attract shoppers, compete with larger businesses and reduce financial risk. Here’s a closer look at the trend.
