I have a wholesale business that sells expensive items ($1,000-$3,000)
I think I could increase sales if the retailers offered financing for
these items. Is there a bank or financial institution that offers
this. I would like for the store to go on-line put in a the customers
credit info and then the bank would spit out an approval or rejection.
If the customer is approved the bank would then send payment to the
store directly, I am hoping to create a new company that just deals
with the financing, where I can make a cut on each sale.

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Request for Question Clarification by omnivorous-ga on 17 Jul 2003 16:33 PDT

Maae --

One of the easiest ways to deal with this issue is for a wholesaler to
set up floor planning, usually for high-value inventory items (cars,
appliances).  Would an explanation of this process meet your need for
an answer?

Best regards,

Omnivorous-GA

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Clarification of Question by maae10-ga on 17 Jul 2003 17:12 PDT

What i need is a financial company that would give out $1,000-$3,000
loans to people with good credit, the catch is I need them to do an
approval on-line and give me answer quickly. I would be the one
setting up financing for the stores and I would make a cut on each
one.

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Clarification of Question by maae10-ga on 17 Jul 2003 17:13 PDT

i am not sure what you mean by a floor plan