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.”
“This partnership just makes sense,” Haluska says. “Our non-prime loan solutions offer consumers day-one ownership and longer terms, and work for all products, services, sales taxes, labor and warranties. With the state regulatory limitations on lease-to-own and what it can or cannot be used for, having a true loan solution to offer these same shoppers will allow Nationwide Marketing Group members to sell even more with less work. Whether your customers are starting out or starting over, American First Finance has the consumer finance solutions to help you increase same-store sales and let your customers shop when they want to, where they want to and how they want to – regardless of their credit.”
Kornerstone Credit CEO, Elliot Kang also expressed his excitement in joining Nationwide saying that the company plans to offer discounts and promotions to generate sales revenue and improve customer retention.
“The best retailers in the country are members of Nationwide’s premier buying and marketing group, which makes this a perfect opportunity for us,” Kang says. “The benefits they bring to their member base are unmatched, and we are excited to provide an even greater value-add through affordable and easy no-credit-needed financing options.”