Frequently Asked Questions


About Offering Consumer and Commercial Financing

Becoming a member allows your business to provide simple and flexible customer financing solutions, guaranteeing fast growth for your business.


Why Offer Financing to Your Customers?

Commonly Asked Questions

  • What is POINT OF SALE (POS) Consumer Financing?

    Point of sale financing is when the merchant offers their customers a financial solution at the point of purchase, in order to assist them in buying the product or service. POS financing is a type of consumer finance and refers to installment loans.

  • How To Offer Financing?

    There are multiple ways to offer financing to your customers. After we discuss your business model, we will assist you in developing a plan to incorporate financing options into your sales strategy.  

  • Can I Offer Credit to Businesses? (B2B Financing)

    YES, If you are a B2B seller you needn’t be concerned. We have a longstanding relationship with the best commercial lenders in the industry. We will match you up with the right one and get the best rates for you and your clients.

  • How Much Does It Cost My Business To Get Started Offering Financing?

    ZERO DOLLARS!

  • What Do I Have to Do to get Started?

    Getting started is easy. Click on the Book a Consultation button at the top of this page or fill out the quick form at the bottom of this page. We look forward to speaking with you to ascertain your business needs.

  • Am I or My Business Responsible for the Loan offered to my Customers?

    Many of our lenders offer non-recourse loans to finance your customers, clients or patients. There are also programs available that have limited recourse. Contact us for more details.

  • Does Applying to Be a Merchant affect My Credit Score?

    In most cases, lenders will only do a soft credit pull on ownership and review your business credit reports.

  • Does Applying for Credit affect My Customers’ Credit Score?

    In most cases a client applying to see if they qualify for credit will not affect their credit score because most lenders will only trigger a soft credit pull.

  • How Long Does the Approval Process Take for Merchants?

    After the basic application is completed, it will take less than 15 seconds for our automated process to send back a credit decision.

  • How Long Does the Approval Process Take My Customers?

    Within seconds!

  • How Long Does it Take to Get Funded?

    Same day to three business days depending on the financing vertical. 

  • I have never used financing in my business, can you help with when and how to utilize financing with my customers?

    Yes we are experts and will help teach your employees and teams on the best methods and practices to integrate our financing programs.

Lake Liberty - Simple Financing

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Lake Liberty is the fast, easy way to finance your customers.

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