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Why should doctors and business owners offer consumer financing?

As a merchant, whether you are a doctor, dentist, or business owner, one of your primary concerns is the satisfaction of your patients or customers. This includes ensuring that they have access to the goods and services they need, without the burden of financial stress. One way to achieve this is to offer consumer financing options, such as payment plans or credit lines, that make it easier for your customers to pay for your services over time.

Increase Sales and Revenue

Offering financing options can help merchants increase sales and revenue. By providing more flexible payment options, you can attract a wider range of customers who may not have been able to afford your services otherwise. This means that you can tap into a larger market and generate more revenue over time. Additionally, offering financing options can increase customer loyalty, as they will appreciate the extra effort you are making to ensure they have access to the services they need.

Enhance Customer Experience

In today’s competitive marketplace, customer experience is more important than ever. Offering financing options can enhance the customer experience by making it easier and more convenient for customers to pay for your services. This can help reduce stress and anxiety, as customers will have more control over their finances and will not have to worry about paying large sums of money upfront. Additionally, offering financing options can help customers feel more valued and appreciated, as you are making an effort to meet their needs.

Stand Out from the Competition

Offering financing options can help merchants stand out from the competition. By providing more flexible payment options, you can differentiate yourself from other merchants who may not offer financing options. This can be especially important in crowded marketplaces where customers have many options to choose from. When you offer consumer financing options, you can attract customers who are looking for more convenient and flexible payment options, and differentiate yourself from competitors who do not offer such options.

Support Community Health

For healthcare providers, offering financing options can help support community health. By providing access to healthcare services to a wider range of patients, you can help improve overall health outcomes in your community. Additionally, offering financing options can help reduce the burden of healthcare costs on low-income patients who may not have access to traditional financing options. By supporting community health, you can build goodwill and positive relationships with your patients and the wider community.

Overall, offering financing options is a win-win for both merchants and customers. Merchants can increase sales and revenue, improve cash flow, build relationships, enhance the customer experience, stand out from the competition, support community health, and increase access to goods and services. Customers, in turn, benefit from more flexible payment options that reduce financial stress and ensure that they have access to the goods and services they need.

Ready to get started. Click here to enroll as a United Credit merchant.

United Credit strives to keep the content shared on this blog accurate and up to date. You are urged to consult with business, financial, legal, tax and/or other advisors and/or medical providers with respect to any information presented. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial or medical institution. This content is intended for informational purposes only.

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Jessica Payan

VP of Human Resources

As a certified Professional in HR (PHR), Jessica brings 10 years of HR experience to the United Credit team. She is responsible for managing the strategy and processes related to building and retaining an exceptional team of professionals. Jessica is passionate about supporting each employee to be their most successful and exemplifies our core values daily.

Aaron Mishkin

Controller

As Controller, Aaron manages the income and expenses of the Company and the incoming and outgoing loan funds with the utmost integrity. He is a lifelong learner with multiple degrees and certifications to his name and 25 years of working in financial services. Aaron’s reason behind being a part of the United Credit team is to make a difference in the Company and to his coworkers, our partners, and our customers.

Jorge Lazaro

VP of IT

Jorge works closely with cross-functional partners throughout the business to develop virtual experiences and oversees the IT team that keeps our platforms running smoothly. His goal is to provide an optimistic approach to the challenges we face while supporting our staff and partners with respect. With over 6 years of working for United Credit, Jorge brings a wealth of knowledge about our history and computer engineering.

Andria Sullivan

Chief Experience Officer

Andria is a seasoned leader with over 10 years of experience in providing world-class customer service and directing consumer finance processes. She oversees the tracking, reporting, and achievement of our company goals, long and short-term projects, and special initiatives. Andria is service-minded when it comes to collaborating internally and externally, and it shines through in every interaction.

Nate Moster

Chief Sales and Marketing Officer

As Chief Sales and Marketing Officer, Nate expertly drives revenue growth for United Credit by leading sales and marketing strategies across all channels. With over 20 years of experience working with global brands in various industries, Nate has a proven track record of boosting sales, expanding market share, and building strong relationships. His unique ‘right-brain + left-brain’ approach combines business acumen and strategic thinking with striking creative execution, ensuring United Credit’s sales and marketing efforts consistently deliver results for continued success.

Matthew Libman

Founder & President

Matthew is the President and Founder of United Credit. Matt founded fintech company United Medical Credit in 2011 to connect consumers and businesses with an array of experienced, innovative financing solutions. In 2022, the company grew and became United Credit, fueling an expansion into retail markets while retaining its expertise in specialty healthcare.

Since its founding, Matt has provided leadership for all aspects of the Company, emphasizing long-term growth while ensuring United Credit delivers value to its consumers, merchants, and business partners. The Company has risen in the fintech space as a preferred consumer financing partner under his tenure.

Matt is also an active member of YPO (Young Presidents’ Organization), the world’s largest leadership community of company chief executives.