POS Lending Categories

1. Home Improvement and Remodeling: Sectors like kitchen, bathroom renovations, HVAC installation, landscaping, and general contracting are ideal for POS lending, as projects often involve substantial costs.

2. Automotive and Power sports:  Businesses including auto repair shops, tire centers, accessory stores, and powersports dealers see increased sales when customers can finance items like tires, wheels, or repairs.

3. Medical and Dental Services: Many healthcare providers, including dental, optometry, cosmetic surgery, and dermatology clinics, benefit from POS lending for procedures that are often not covered by insurance.

4. Furniture and Appliances: Large retailers and independent stores selling home furnishings, appliances, and electronics benefit as customers can spread out payments for big-ticket purchases.

5. Jewelry and Luxury Goods:  For high-end retailers selling jewelry, watches, and other luxury items, POS lending helps customers make these purchases more affordable.

6. Education and Training Services: Providers of career training, vocational schooling, certifications, or courses (such as coding boot camps, trade schools, and professional development programs) can improve enrollment rates by offering installment payment options.

7. Veterinary and Pet Care: Pet surgery, emergency care, and specialty treatments often come with high costs, so financing is valuable for pet owners facing unexpected expenses.

8. Travel and Tourism: Travel agencies, tour operators, and hospitality services can offer financing options for high-cost vacations, helping clients manage payments for travel packages, cruises, and luxury stays.

9. Fitness and Wellness: Businesses such as gyms, fitness studios, spa services, and wellness centers benefit from offering financing for memberships, equipment, and packages.

10. Electronics and Technology: Electronics retailers, especially those selling items like laptops, smartphones, and home entertainment systems, see increased conversion rates by offering POS lending.

11. Marine and Outdoor Recreation: Businesses selling boats, recreational vehicles, or outdoor gear can attract customers by offering financing options on high-cost items.

12. Nonprofit and Educational Donations: Schools, charities, and other nonprofits often receive higher contributions when donors can finance large donations.

POS lending increases accessibility for customers and drives higher sales and customer loyalty across these industries, making it a powerful tool for business growth.

Enable Financing, www.enablefinancing.com offers a complete white label POS lending solution for ISOs, resellers, brands, retailers, franchise programs and manufacturers. Embedded with both direct to consumer and direct to merchant lending pathways, and powered by over 35 lenders, Enable is a powerful solution for merchants in key POS lending categories.