We just got our first blast of cold temperatures and it is definitely starting to feel a bit more like fall than before. And that means that winter is just around the corner. Winter can be a slow time of year, so some businesses will run winter specials to drum up sales, often extending cash discounts to their customers in the hopes that they can make some sales and keep busy. Cash discounts can definitely help drive sales, but won’t necessarily work for all of your customers. Many customers experience seasonal low cash flow during the winter and aren't in a good position to take advantage of those cash discounts.
Our No Payments/No Interest (NPNI) finance program allows you to offer your customers the opportunity to make a purchase during the winter and delay their payment until a later date. Two of the most popular ways to use the NPNI program is to either offer a set number of days NPNI, such as 180 days NPNI; or to set a date that NPNI payments would be due, such as a July, 2018 due date.
Some restrictions apply when using the NPNI. If you have any questions or would like to visit about this program please don’t hesitate to call. We would also be glad to help you put a winter program marketing plan together if you’re interested.
Not a current client? We help business owners improve their cash flow and manage their receivables. Learn more by browsing our website and feel free to give us a call today.
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