Meridian Furniture, a leading importer and distributor, has recently collaborated with B2B payment company Credit Key to launch a revolutionary credit program. This program aims to assist Meridian’s retailer customers by offering them up to $50,000 in financing to keep their floors fresh and exciting, even during challenging times.
By partnering with Credit Key, Meridian Furniture can provide its customers with a unique pay-over-time solution that offers flexibility in terms and eliminates the need for a hard credit pull. The credit program allows retail customers to apply digitally and receive real-time virtual approval. Moreover, if customers pay within the initial 30 days, they will not be charged any interest. For those who wish to extend their payment terms, they can do so for up to 12 months, starting with a nominal 1% interest per month.
Credit Key’s director of marketing, Sarah Senne, explains that the solution is particularly appealing to smaller independent retailers who value the convenience and risk-free nature of the program. Credit Key handles all aspects of the financing, eliminating the need for retailers to manage collections or assume financial risks. This enables small businesses to optimize their cash flow, place larger orders, and increase their order frequency, ultimately fostering business growth for both retailers and designers.
The credit program, in combination with Meridian’s 24-hour quick-ship program, offers an ideal solution for customers who strive to keep their showrooms stocked with the latest furniture collections. Meridian Furniture boasts a vast selection of over 9,500 SKUs covering all major home furniture categories. With a 90% in-stock availability at all times and a 400,000-square-foot warehouse in New Jersey, Meridian ensures prompt and efficient shipping. Additional services, such as a container program and drop-shipping options including curbside and white-glove services, further enhance customer convenience.
In summary, Meridian Furniture’s partnership with Credit Key introduces a flexible financing option that empowers retailers to enhance their showrooms and capitalize on business growth opportunities. With a focus on customer satisfaction and convenience, Meridian Furniture continues to lead the way in providing exceptional products and services to the home furniture industry.
FAQ:
1. What is the collaboration between Meridian Furniture and Credit Key?
Meridian Furniture has partnered with Credit Key, a B2B payment company, to launch a credit program that provides financing for retail customers.
2. What does the credit program offer?
The credit program offers retail customers up to $50,000 in financing to keep their floors fresh and exciting. It allows customers to apply digitally and receive real-time virtual approval without the need for a hard credit pull.
3. Are there any benefits for customers who pay within the initial 30 days?
Yes, customers who pay within the initial 30 days will not be charged any interest.
4. Can customers extend their payment terms?
Yes, customers can extend their payment terms for up to 12 months. There will be a nominal 1% interest per month for those who choose to extend their payment terms.
5. Who is the credit program particularly appealing to?
The credit program is particularly appealing to smaller independent retailers who value the convenience and risk-free nature of the program.
6. What aspects of financing does Credit Key handle?
Credit Key handles all aspects of the financing, eliminating the need for retailers to manage collections or assume financial risks.
7. How does Meridian Furniture ensure prompt and efficient shipping?
Meridian Furniture boasts a vast selection of over 9,500 SKUs and a 90% in-stock availability at all times. They also have a 400,000-square-foot warehouse in New Jersey to ensure prompt and efficient shipping.
Definitions:
1. B2B: Business-to-business, which refers to transactions and interactions between businesses rather than between a business and consumers.
2. Financing: The act of providing funds or capital to finance a purchase or business activity.
3. SKUs: Stock Keeping Units, which are unique codes or numbers assigned to products in order to track inventory and sales.
4. Hard credit pull: A credit inquiry that can negatively impact a person’s credit score and is initiated by a lender to assess their creditworthiness.
Suggested related links:
– Meridian Furniture Official Website
– Credit Key Official Website
