Similar to indirect lending, you can utilize Teslar’s Community Connect platform to offer financing options to customers through local businesses in a way that is efficient and cost effective for your bank. Grow your loan portfolios, improve your bottom line, enhance your lending strategy, and keep interest rate dollars in your community.
Give local businesses (like your local medical service providers, HVAC, jeweler, farm equipment and powersports dealers) the technology to offer financing through your institution rather than sending customers to national lenders or digital financing providers.
By helping your commercial customers better serve their own customers, your institution becomes a more valuable partner throughout the relationship.
Community Connect makes it possible to manage more consumer loans without the heavy lift. Efficiently serve your community, drive new business, reach new prospects and areas of business, while also giving borrowers and businesses a faster, more convenient experience.
When local businesses can offer financing for larger purchases (think a new roof, HVAC or medical services), your institution can extend their presence further into the community and drive more loans back to the institution with minimal work on the front end.
Businesses gain a convenient way to help customers move forward with a purchase, while consumers gain access to financing through a trusted, local financial institution.
Connect with consumers at the moment they need financing, including customers who may not have otherwise considered your institution.
Each new consumer loan creates an opportunity to build a broader banking relationship, grow your portfolio, and establish connections with future business owners and commercial customers.
Download this one-page document for a quick and simple overview of Teslar’s Community Connect platform.
