December '16

For the Business of Apparel Decorating

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Page 82 of 134

78 || P R I N T W E A R D E C E M B E R 2 0 1 6 FINANCING CONSIDERATIONS FINANCING ONLINE F intech is shorthand for financial technology, a financing method ris- ing in popularity with small business owners across the board. Speed and con- venience are the two motivating factors in today's fintech model. Through fintech, ap- parel decorators can strategically manage their cash flow without devoting excessive hours to the process. One of the major benefits of working with a fintech company is the time-savings it allows. Business owners have a limited amount of time to spend acquiring equip- ment and managing books, so it's impor- tant to be able to execute on their financing needs based on their schedule. Easy financ- ing through fintech allows them to invest in technology and maintain momentum while staving off competition. Hours can be saved through a fintech approach to financing. Applications are quick, as is approval, and capital regularly comes through in a matter of days to help fund even big-ticket items like equipment. With the new fintech solutions on the market today, businesses like yours can arrange to finance through a fast, easy online funding process. This is available through "portable banks;" that is, access to their financing accounts from any mobile device. These portable banks put the sellers in control of their B2B financing program. Sales goals can be met and even exceeded, and revenues can be increased by offering these fast and affordable payment op- tions. Through a partnership with a fintech lender, sellers can provide their customers with flexible financing options. They can track every deal status in real time, manage their sales pipeline, and promote financing options anywhere online and through all marketing channels.

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