A Powerful Financial Tool Business in 2022

Los Angeles CA

02 February, 2022

11:20 PM

Description

Monterey Financial Services enables their business partners to provide consumer finance programs that allow them to greatly expand sales while providing better consumer purchasing options - helping businesses grow and thrive in this uncertain economic time  Oceanside, California – (February 2, 2022): According to the U.S. Census Bureau’s Annual Survey of Entrepreneurs, about 25% of small business owners are forced to close their doors each year due to low sales and poor cash flow. If running a business wasn't hard enough, 23% of small businesses closed due to the COVID-19 pandemic. With the economic impact of Covid, coupled with the current state of the economy, businesses are looking to provide in-house consumer financing to make financing faster, more accessible, and more convenient for the consumer. This has  allowed consumers that might traditionally be turned away for low credit, access to the goods and services they want. Lack of access to credit has created "pent-up demand" in these populations for too long. Partnering with Monterey is changing the game for many companies, ultimately increasing sales and growing a base of loyal customers.    ”Consumer Finance Programs often help small to midsize companies grow their current sales volumes. Being able to offer financing easily and quickly on their terms, companies can give their customers more attractive options to make purchases, and it allows the consumer to access the goods and services they want without tapping into credit or cash resources,” says Shaun Lucas, President & CEO of Monterey Financial Services. “We want our clients to have every option available in order to thrive. In-house financing is a great tool to do so, and Monterey will provide the support to make it an easy transition for those businesses.”   While having the option of merchant financing is valuable, it can be expensive and challenging, making it essential for businesses to work with a reputable provider like Monterey, recognized for its high regard for compliance with regulations, evidenced by its A+ rating with the Better Business Bureau. Monterey provides a fast and simple set-up that saves staff time, with on-the-spot, real-time credit decisions to capture the sale. With over 30 years of experience, Monterey Financial Services has forged a reputation for unparalleled customer service, 24/7 on-the-go access to accounts, and an account representative tasked with answering questions specific to each client, helping to develop ways to further grow each program. A trusted leader in loan servicing and delinquent debt recovery, financing, and more, contact Monterey for inquiries here or call 1-800-456-2225.   ###   About Monterey Financial Services Monterey's mission statement: To empower every business with the ability to optimize their sales growth and cash recovery. Monterey Financial Services has forged a reputation for unparalleled customer service, developing tailor-made capital solutions for businesses selling products and services to consumers. Solutions are built to fit clients’ requirements, whether they bundle Monterey services together or use what appeals to their specific needs. With services such as consumer finance, rent-to-own financing, loan servicing, custodial services, and delinquent debt collections, clients have the opportunity to profit from consumer receivables of all credit classifications and all stages of the receivables life cycle. With industry-leading results, Monterey remains committed to combining the best technology with its talented staff to achieve a primary objective for its clients to optimize portfolio performance. For further information, please visit the company's website at www.montereyfinancial.com.