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From Home Furnishing Business

NAHFA Partners with LendPro

November 13, 2014  by in Furniture Retailing, Industry   

LendPro’s “Open-to-Buy” system provides home furnishings retailers with a way to obtain more approvals for consumers applying for financing in-store.

“The multi-tier lending options that are a part of the LendPro program will be a tangible benefit to our member retailers,” said Sharron Bradley, chief executive officer of the North American Home Furnishings Association. "Maximizing approvals and streamlining the application process made our decision to partner with LendPro even easier."

LendPro, Charlottesville, Va., integrates with a range of lenders spanning the prime, near-prime and sub-prime credit tiers. The Open-to-Buy system is installed in hundreds of retail stores and has processed more than a million finance applications, resulting in consumers having more than $1 billion of new purchasing power for in-store purchases.

“LendPro has partnered with the leading home furnishing industry lenders across all credit tiers to give the home furnishings retailer a sales tool that has resulted in a 30 percent increase in the number of approved applicants," said David Weyher, LendPro’s president. “This is new purchasing power in the hands of the consumer while in the retail store.”