LendPro Partners With NAHFA

Furniture World News Desk on 11/15/2014

The North American Home Furnishings Association (NAHFA) and LendPro LLC recently  announced that they have formed an alliance to offer LendPro’s innovative consumer retail finance solution to the NAHFA’s 8,000 member stores. LendPro’s “Open-to-Buy” system provides home furnishings retailers with a way to obtain more approvals for consumers applying for financing in-store.

“The multi-tier lending options that are a part of the LendPro program will be a tangible benefit to our member retailers. Maximizing approvals and streamlining the application process made our decision to partner with LendPro even easier.”, said Sharron Bradley, chief executive officer for the North American Home Furnishings Association.

LendPro is integrated with many different lenders that span the prime, near-prime, and sub-prime credit tiers. The Open-to-Buy system is installed in hundreds of retail stores and have processed over one million finance applications resulting in consumers having over one billion dollars of new purchasing power for in-store purchases. “LendPro has partnered with the leading home furnishing industry lenders across all credit tiers to give the home furnishings retailer a sales tool that has resulted in a 30% increase in the number of approved applicants, stated David Weyher, LendPro’s president.” “This is new purchasing power in the hands of the consumer while in the retail store.”

About LendPro LLC: LendPro has partnered with many industry-leading retail consumer finance lenders covering all consumer credit tiers to bring the big-ticket retail marketplace a fast, easy, and very effective way to approve consumers for in-store financing of goods and services. LendPro’s cloud-based, consumer self-service technology has processed over one million consumer finance applications nationwide, generating over one billion dollars in approvals for retail consumers across the retail spectrum, including furniture, jewelry, bedding, and appliance/electronics. For more information, visit www.mylendpro.com.

About North American Home Furnishings Association: The North American Home Furnishings Association (NAHFA) was founded in 2013 with the merger of the three largest home furnishings retailer associations in the U.S. The NAHFA is the nation’s largest organization devoted specifically to the needs and interests of home furnishings retailers, with more than 1,800 members representing more than 7,000 storefronts across all 50 states and several foreign countries. Association offices in the East, West, and Central United States provide its members with programs, resources, services, and a unified voice in government relations by partnering with home furnishings industry suppliers, vendors, affiliates, and other organizations. For more information on the NAHFA visit www.nahfa.org.