Fintech platform SweetPay LLC recently added a fully automated in-house installment-pay plan to its platform, which gives small businesses the ability to finance the sale of products and services.
“We partner up with consumer lenders up and down the credit tier from prime to near prime to subprime,” said David Weyher, SweetPay’s CEO and chief technology officer, who is based in Crozet, Virginia. “We make these lenders available to consumers at the point of sale or point of need in a very easy, streamlined application, so they can quickly get a loan for whatever their purchase need is.”
He suggested the new installment plan could be used for furniture and jewelry sales, automotive parts and repairs, home improvement contractors and cosmetic surgery practices. He also said the plan would work well for businesses that have an ongoing or recurring service aspect, as well as training and certification companies that offer things like emergency medical technician training or coding…
Read the full story from the Washington Business Journal.
