Nationwide Expands Financing Options for Retailers
Nationwide Marketing Group has expanded its list of lease-to-own (LTO) and installment financing options by adding Kornerstone Credit and American First Finance as partners. Through Kornerstone Credit’s LTO program, retailers can choose from an extensive list of product categories, including 24-hour funding, lower monthly payments, and marketing assistance. Where LTO programs are unavailable, American First Finance offers bank installment loan programs for retailers across several states. They also provide broad product coverage and next-day business funding.
“Kornerstone Credit and American First Finance both appealed to us because of their more inclusive approach to product coverage, which includes appliances, electronics, cabinets, flooring, HVAC, bedding, furniture and even outdoor products,” says Megann McDaniel, director of financial services for Nationwide. “This means more flexibility for our members and increased purchasing power for their customers. In addition, American First Finance’s installment loan option fills a much-needed gap for members in Minnesota, New Jersey, Wisconsin and Wyoming, where traditional lease-to-own programs are not allowed by state law.”