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Commercial Benefits - Increase Business
Retail Finance
The power to increase sales
With retail finance from ACT / ActSmart you've got a powerful sales tool at your fingertips. Your customers can get the bike and accessories they want without breaking the bank. You get access to a fast, flexible solution to help you win more business and increase sales values.
Thanks to our partnership with Black Horse we can offer cycle retailers access to one of the most competitive retail finance packages available. Currently in use by household names including DFS, Sony and Wickes.
>> View rates and application form <<
Key features
- Exclusive rates for ActSmart Gold and Platinum subscribers
- Complete range of finance products including "Interest Free"
- Lower rates for processing deals online using "Me2u" system
- "Gold" rates for retailers doing more finance business
- Dedicated customer service and account management
You might also like to know
- Over 300 cycle retailers use Black Horse
- More than 6000 bikes were sold using Black Horse in 2007
- More than 90% of all sales are "interest free"
- The overall average selling price is £874*
- The average selling price for finance over a longer term is £1403 *
* Based on 2007 figures
Preferential retail finance rates available to:
Download Documents
- Black Horse Rates & Application Form - February 2009
- Black Horse 2008 Summary
- Top tips for making the most of interest free finance
Frequently Asked Questions
Q: How do I apply to get the Black Horse package?
A:
When applying to Black Horse you will need to supply the following:
- Completed application form
- Copy of current consumer credit licence
- Letterhead or invoice which you issue to customers
- Latest accounts to include: P&L and Balance Sheet
- Full store listing: trading name, address, telephone, fax, contact details)
Q: Do I need a consumer credit licence before applying to Black Horse?
A: Yes. Like most other finance providers Black Horse will not be able to accept your application without evidence that you have a consumer credit licence.
Q: How do I get a consumer credit licence?
A:
Consumer credit licences are available from the Office of Fair Trading and generally take approximately 3 - 4 weeks to be issued. They last for 5 years and the current fees are:
- Sole Trader - £480.00 (£330 licence fee + £150 CCJ levy)
- Ltd Co / Partnership - £970.00 (£820 licence fee + £150 CCJ levy)
Q: My business is less than 2 years old and has been refused retail finance by other companies. Are Black Horse more flexible?
A:
Yes. Thanks to our partnership with Black Horse we have ensured they will always consider applications from younger businesses who are able to provide the following information:
- Cash flow forecast
- Opening Statement
Retail Finance Enquiry
