Small businesses can finance like big businesses do

30 Apr '08

3 min read

Prinion Customer Financing, a leader in small business financing software, unveiled the nation's first software package designed to give small and mid-sized business owners new options for in-house financing of products and professional services.

Prinion Customer Financing is an affordable Windows-based modular financial management program that enables any retailer or service provider dentists, jewelers, plastic surgeons, attorneys, etc to manage their own receivables to improve cash flow, increase earnings and generate more business.

"Our experience shows that businesses that offer in-house customer financing can produce increased earnings of 15 to 20 percent of outstanding receivables," said Lonnie Lauer, president of Prinion.

"Owners of small to mid-sized businesses and service professionals no longer have to turn their valuable clients over to third-party finance companies."

"Whether it's a diamond ring, a new living room set or laser eye surgery, businesses will benefit by establishing pre-approved accounts for loyal customers and making sure that they are treated fairly regarding minimum payments, interest and late fees.

Better yet, customers and patients can make purchases or get elective procedures whenever they are ready, knowing that the financing will be handled by the same trusted professional delivering the services."

Many businesses currently offer customers credit terms via a credit card or third-party consumer financing company with credit practices and rates beyond their control while losing 15-20 percent in collectible revenue.

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