Funeral Home Financing & Lending Options

Do funeral homes offer financing?

Yes, many, but not all, funeral homes offer third-party financing through LendingUSA merchant services. Funerals and other associated costs can add up quickly, especially in cases of unexpected or sudden death. Managing these expenses can add stress to an already difficult time, often forcing families to weigh cost against their own preferences or their loved one’s last wishes. By offering a financing option to your families, you can communicate that you’re sensitive to their needs and set yourself apart from your competition.

How can I offer financing at my funeral home?

Although it may seem like an overwhelming process, offering funeral financing through LendingUSA merchant services is actually fairly simple! It’s free to enroll, and once you do, you can offer financing to every family who comes through your door. Your business is funded within just a few days of your customer signing their loan agreement, and your customer repays the loan in manageable monthly installments.

What is point-of-sale financing for funeral homes?

Funeral home lending is a way to give families an additional option for paying for their preferred services beyond paying in full and up front with cash or using a credit card. Point-of-sale financing works like an unsecured auto loan or any other type of consumer loan. Your business is funded directly by our lender, so your bottom line won’t be negatively affected. In fact, it’s likely that you’ll see your profits expand as your families feel more empowered to make the purchases they want.

How can I qualify customers for funeral home financing?

Qualifying your families for funeral financing is fairly straightforward. There’s no need to put your employees through intensive financial training. However, it is helpful to train them on the basic features of the loan so that they can answer any simple questions that a family may have. As for credit approval, a favorable credit history may keep their interest fees low, but poor credit is not an automatic disqualification for funeral financing. A family interested in securing financing must fill out an application through the LendingUSA merchant or online portal. If pre-approved, they may receive multiple loan offers so they can choose the one that works best for them.

What are the benefits of point-of-sale financing for my funeral home?

There are an array of benefits to choosing LendingUSA for your funeral home financing. We offer point-of-sale promotional options, like no interest if the principal balance on a loan is fully paid within six months. Our advanced technology also offers each applicant with an on-the-spot prequalification decision that doesn’t affect their credit scores. Best of all, your funeral home can receive funding within just a few days of your customer signing their contract.

Why offer payment plans for funerals?

As you know, funeral services can add up quickly, especially in the case of an unanticipated or sudden loss. Many people simply don’t have the thousands of dollars in disposable income available to spend on funeral services. At need funeral financing through LendingUSA offers a simple, straightforward, and safe alternative to full cash payments or credit card payments. Once your families discover point-of-sale funeral financing, they won’t need to sacrifice their wishes or the wishes of their loved one by settling for services they don’t really want.