Can't Afford That Wrap? Finance It
Posted July 16, 2010
The Big Picture
Reproduced with Permission
Businesses wanting to wrap their fleet or individual vehicles but find themselves short on funds now have a specialized financing option: financevehiclewraps.com. Olympic Financial, based in Kent, Washington, is offering the financing in partnership with vehicle-wrap product supplier FELLERS (fellers.com). The program is exclusive to FELLERS Certified wrap providers only; if a company is not currently working with FELLERS, Olympic Financial will assist it in finding the closest FELLERS Certified provider (there's an online directory), and also help a company's current print provider/installer learn how to become FELLERS Certified.
"It's a definite 'outside-the-box' financing program that we've created here," says Jarrod Foster, owner of Olympic Financial. "Traditional business and consumer lending options don't allow for the financing of something so specialized or with limited future value."
How it works: Once a customer completes the finance application, the print provider/installer submits the application directly via the fvw.com credit system for approval. Turnaround on approvals or denials typically is one business day, according to Olympic Financial; those applying for financing less than $15,000 can receive a decision in a few hours. Financing terms and conditions will vary from applicant to applicant, but the company says that 90 percent of its applicants are approved based on basic business and personal credit information.