LendPro announced today that it has signed several notable retailers on to its Open-to-Buy consumer financing technology platform.
LendPro has been significantly growing its presence in the home furnishings industry and is proud to announce the recent addition of some of the top names in the home furnishings retail marketplace: Grand Home Furnishings; Crest Furniture (Value City Furniture and Ashley Furniture HomeStores); Royal Furniture, and Beck’s Furniture. The Consumer Financing System, with its innovative lender financing “waterfall” technology, has proven to help retailers increase sales with an increase in approved applicants.
“LendPro has been a great partner. We are up 26% in secondary lender financing as a result of LendPro’s platform,” said Mitchell Keller of Crest Furniture, which operates 16 Value City and Ashley Furniture HomeStores in New Jersey.
LendPro has several retail consumer finance options through its lender partnerships that cover prime, near-prime, and sub-prime consumer credit profiles and are very competitively priced. The Consumer Financing System can be used on any device, including tablets and a consumer’s own smartphone. These new retail customers add to some very successful relationships LendPro has operational with other leading home furnishings retailers, including Bernie & Phyls Furniture, Weekends Only, Homemakers (a Berkshire Hathaway company), Home Furniture, Star Furniture, Gill Brothers Furniture, and Taft Furniture, to name a few.
“LendPro has made a positive impact on the financing process at our store. The cascade feature creates a streamlined, seamless transaction for both sales associates and customers. Because of this, we are now able to cater to a larger demographic and increase our bottom line,” stated Sarah Pelton of Bernie & Phyls Furniture.
“LendPro is very excited about our new retail partnerships and we will continue to work hard and further innovate our platform to produce even more positive results for our retail partners,” said David Weyher, LendPro’s president.