LendPro Adds Retailers to its Network

December 11, 2015  by in Business Strategy, Industry   

The company will be working with Grand Home Furnishings, Crest Furniture (Value City Furniture and Ashley Furniture HomeStores) Royal Furniture and Beck’s Furniture. 

The financing technology helps retailers increase sales with an increase in approved applicants.

“LendPro has been a great partner,” said Mitchell Keller of Crest Furniture. “We are up 26 percent in secondary lender financing as a result of LendPro’s Open-to-Buy platform.” Crest Furniture, operates 16 Value City and Ashley Furniture HomeStores in New Jersey.

“LendPro is very excited about our new retail partnerships and we will continue to work hard and further innovate our platform to produce even more positive results for our retail partners,” said David Weyher, LendPro president.

LendPro offers several retail consumer finance options through its lender partnerships that cover prime, near-prime, and sub-prime consumer credit profiles. Open-to-Buy can be used on any device, including tablets and a consumer’s smartphone.

These new retail customers are in addition to other retail relationships LendPro has within the industry, including Bernie & Phyls Furniture, Weekends Only, Homemakers, Star Furniture, Gill Brothers Furniture and Taft Furniture.

“LendPro has made a positive impact on the financing process at our store,” said Sarah Pelton of Bernie & Phyls Furniture.

“The Open-to-Buy waterfall feature creates a streamlined, seamless transaction for both sales associates and customers. Because of this, we are now able to cater to a larger demographic and increase our bottom line.”