Silverstreak Funding Announces New Options for Retail Finance to Nationwide Sales Organizations
Silverstreak Funding Announces New Options for Retail Finance to Nationwide Sales Organizations
New York City, NY (PRWEB) May 17, 2011
Nationwide, sales organizations of all types have been scrambling to provide their customers with financing options for their products. While large banks offer this retail financing, their business models usually dictate that they stick to a very narrow range of “familiar” industries that they will allow into their retail financing programs, commonly referred to as “same as cash” financing.
This has left many companies and sales organizations without any options for their newly credit-strapped customers.
Into this void steps Silverstreak Funding, that aims to help those organizations that may be having real difficulty finding a retail financing program or private label credit cards for their product or service.
“What we can bring to the table are contacts with retail financing lenders in the United States, from the largest banks down to the smallest niche player,” said Neal Coxworth, one of the firm’s principals. He also went on to state that they can help a wide variety of companies, including hard to finance companies such as Ecommerce sites..
“Essentially, people may not realize that there are still many smaller finance companies that will finance a wide variety of products and services that bigger banks refuse to even consider in the wake of the credit crunch. Fortunately, we have the ability to access many of them and can often tailor a deal that meets their requirements”.
He went on to state that there is usually a customer financing program for many companies doing at least $ 1 million per year in sales out there who are looking for one. The problem, he said, is that without working knowledge of the industry, nobody really knows where to start, especially for the smaller specialty companies.
Coxworth went on to say “We work on a results-oriented model, which means our reputation is on the line to deliver what we say we can for all of our clients.”
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