I have a professional video and photo business in a niche industry. My target customer is high end because of the quality of my work and my prices reflect that. I am by far the most expensive professional photographer and videographer in my area. I have a big following and many love my work and would love to acquire my services but can't afford me because I require full payment up front and I'm not cheap.I understand that we live in a world now where very few people could just drop $2000 or even $1500 on a piece of framed art to put up on their wall at home. Or $1500 for a photo shoot (either commercial or consumer). So I want to offer more flexibility to my audience, so I can be more accommodating to my clients financial needs. Where my clients can have the option to apply for financing and do monthly payments over time. This would be done through a third party lender where I get paid 100% up front, but the client makes and (forced to set up at the time) automatic payments made to their bank account. Not credit card because they can easily be bounced but bank accounts only. They can set their term for how many months they would like to make payments over and even set what day of the month their payments get deducted from their accounts.I have some questions since this is an area that is completely new to me:How difficult is it for small businesses to find financial lenders who will offer lending services to the small businesses clientele? What do I need? Do I need strong credit?Can you recommend any third party lendors who specialize in exactly what I am trying to do and located in Canada?What are the cons and risks of me doing this? Say a client closes their bank account and fails to make the payments that they applied financing for. Does my financial vendor go after me now for this?Any extra tips if you have done such a thing before for your business? see hubwealthy.com/wealthy
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