Merchant Lending Services
UFCU Merchant Lending Services Offer Safe and Fast Financing
Merchant Lending is an in financing resource for small businesses and other Utah merchants. The service enables merchants to provide fast and secure financing to customers at the point of sale.
Do More with Merchant Lending Services
With UFCU Merchant Services, customers can apply for financing immediately and directly through University Federal Credit Union. Applications are quick to complete and processing is fast, secure and free. For the merchant, there are no servicing fee, no set-up costs, and no monthly fees to participate. For the customer, there are no application or processing fees. The service is fast, free, convenient and completely secure.
Our Merchant Lending Services provide better lending options so merchants to gain more revenue and satisfy more customers. These services also enable merchants to offer financing without risking their own business equity or credit rating. It's a win-win scenario for both businesses and their customers. Loan applications are simple to complete and approved loans are funded fast.
Features of UFCU Merchant Lending
- personal loans with competitive rates
- 0% interest available for 6 - 18 months
- loan terms up to 60 months
- no set-up, maintenance or monthly fees for the merchant
- no application fees, processing fees, or pre-payment penalties for the applicant
- fast funding
- loan dashboard for both the merchant and borrower
- includes University Federal Credit Union membership benefits
How Merchant Lending Works
After receiving basic information about your business, UFCU will provide a link for you to access a dedicated online dashboard, just for you and your business. There, you can view customers who have applied for financing and the status of each application. We also provide a link for you to add to your business's website which will enable your customers to easily apply for UFCU financing from your website.
Follow the below links to view the Merchant Lending application and Agreement.
UFCU Merchant Lending Services are Fast Friendly and Local!
With UFCU Merchant Lending options, you can provide competitive credit union financing from a local, non-profit financial organization. This enables you to make your business more accessible to more customers, and create a simple and personal shopping experience. With UFCU Merchant Lending, you can offer financing at the point of sale, and you can trust that UFCU will help you provide, not only secure financing, but a smooth, easy and free application process.
If you have more questions about UFCU Merchant Lending Services, or to become a Merchant Lending partner, please contact us at 801-481-8800. We're here to help you grow your business.
Remember, UFCU offers business loans in addition to Merchant Lending options. If you need to make improvements within your business, if you're expanding or relocating, or if you just need a financial boost to clear any number of obstacles, we has your back. UFCU offers a range of business loans to ensure your business can stay strong and grow stronger overtime.
Learn more about our business services here: UFCU Business Services