CF-Lease Purchase Program Increasing Sales with a Financing Option - PowerPoint PPT Presentation

CF-Lease Purchase Program Increasing Sales with a Financing Option

CF Product Offering • CF provides a financial solution for independent retail partner stores by offering an in-store credit alternative • Low bi-weekly payments (first payment due at time of sale) • Lease Purchase Option up to 36 months (40 in some cases) • Offers consumer installment credit in the form of leases for amounts ranging from $200 to $6,000 • Typically customer are individuals with a medium credit scores ranging from approximately 555 to 700 • Allows consumers to apply On-line, through mobile device or phone application and generally takes about 15 minutes to complete (no shopping cart integration required) • Consumer owns merchandise at conclusion of lease (no buyout required) • All merchandise accepted except (tires, power sports, cell phones)

Our system integrates with multiple e-commerce platforms and displays payment and program details • Fully automated software, API Integration & Modules • Plug and play module to incorporate product and check out processing • Displays bi-weekly pricing payment at product level • Comprehensive program details listed directly on the application link Magento Shopify WooCommerce BigCommerce

CF Options – Cloud Based (no integration required) Featured Product Page Product Specific Page 4

Online purchase process using a cloud- based application Customer online, CF determines browse product page Customer completes eligibility for and clicks CF online application financing payment option CF sends electronic Once approved, CF Customer notifies CF agreement to notifies customer of of product selection customer approval amount CF Responsibility CF places online CF issues payment Merchant fulfills order on customers directly to merchant customer order Merchant behalf Responsibility 5

CF Options – Fully Integrated Product Page Shopping Cart 6

Online purchase process using a fully- integrated application Customer online, CF determines browse product Customer completes eligibility for page and clicks CF online application financing payment option Customer completes Electronic agreement CF provides product selection generated and sent customer with and inserts approval to customer for approved amount code at shopping signature and approval code cart CF Once signed, new Responsibility order appears in CF issues payment Merchant fulfills Merchant merchant fulfillment directly to merchant customer order Responsibility systems 7

Linked Based Application – In-Store Purchase Once approved, CF Customer completes notifies customer and CF determines CF application from merchant of Customer eligibility in store link maximum approval amount CF sends Purchase CF sends electronic Merchant sends CF Agreement to agreement to itemized invoice, merchant customer including taxes CF Responsibility CF issues payment Merchant fulfills directly to merchant customer order Merchant Responsibility

The Financing Program Benefits Both Merchants and Consumers with Simple Qualification Requirements Merchant Benefits Consumer Benefits Qualifications • Financing up to $6,000 • Affordable Payments • 1 year current employment • Zero transaction cost with • Purchase multiple ACH or check payment products with one • Net monthly income of payment $1,300 • Approval for maximum amounts • 30 or 60 day same as cash • Checking account for 3 months • Marketing materials • Early payoff discounts provided • 555 FICO score • No pre-payment penalties • Easy approval/Easy sell • Skip-a-payment option • Consumer owns merchandise at conclusion 9

Customer Application Process • Customer completes CF online application • CF calls customer within 5-10 minutes • 1st call components • CF will provide Express Approval, Pre-approval or Decline notification and send customer a link to electronic document verification site. • 2nd call components • Within 2-3 minutes after receipt of EDV link, second call placed to customer with Fully Approved notification • Once Fully Approved, CF sends agreement to customer for execution 10

Solving Customers Purchase Decision “A” Credit Customers “B” Credit Customers • Do not want to put charges on • Provided financing vehicle to credit card or pay cash now purchase product now • Early payoff ability without • Early payoff ability without penalties penalties • Discounts for early payoff • Discounts for early payoff • “Bridge loan” ability until full • “Bridge loan” ability until full payment can be completed payment can be completed • Predictable monthly payment • Predictable monthly payment 11

CF Customer Payment ALPS Program- Furniture Stores (Lower Total Payout) Specialty Payment Program Bi-Weekly Payment # Product Amount Months Amount $200 $26 14 6 $500 43 20 9 $750 49 27 12 $1000 53 33 15 $1250 55 40 18 $1500 66 40 18 $1750 69 44 20 $2000 75 47 22 $2250 79 50 23 $2500 85 52 24 $2750 90 54 25 $3000 94 57 26 $3250 96 59 27 $3500 98 63 29 $3750 102 65 30 $4000 105 67 31 $4250 112 67 31 $4500 118 67 31 $4750 124 67 31 $5000 131 67 31 $5250 136 68 31 $5500 138 70 32 12 $5750 142 71 33 $6000 144 73 34

CF Customer Payment Standard Program Standard Payment Program Bi-Weekly Payment # Product Amount Months Amount $200 $15 27 12 500 $27 39 18 39 750 $39 18 52 1000 $43 24 52 1250 $49 24 61 1500 $54 28 65 1750 $56 30 74 2000 $59 34 34 2250 $66 34 78 2500 $71 36 82 2750 $77 38 87 3000 $83 40 3250 $96 59 27 3500 $98 63 29 3750 $102 65 30 4000 $105 67 31 4250 $112 67 31 4500 $118 67 31 4750 $124 67 31 5000 $131 67 31 5250 $136 67 31 5500 $138 70 32 13 5750 $142 71 33 6000 $144 73 34

CF Offers a Competitive Payment Structure Lower Payments and Payouts Than Competitor Programs CF ALSP Pricing Matrix- Furniture Stores Progressive Product CF Monthly SNAP Monthly Payment Variance Payment Variance % Variance- % Variance - Monthly Amount Payment payment - Progressive - SNAP Progressive SNAP Payment $200.00 $52.00 NA 60 NA NA NA NA $500.00 $66.00 $83.00 $70.00 $17 $4 25.76% 6.06% $750.00 $98.00 $125.00 $110.00 $27 $12 27.55% 12.24% $1,000.00 $106.00 $166.00 $157.00 $60 $51 56.60% 48.11% $1,250.00 $110.00 $208.00 $190.00 $98 $80 89.09% 72.73% $1,500.00 $132.00 $250.00 $225.00 $118 $93 89.39% 70.45% $1,750.00 $138.00 $280.00 $245.00 $142 $107 102.90% 77.54% $2,000.00 $150.00 $333.00 $300.00 $183 $150 122.00% 100.00% $2,250.00 $158.00 $375.00 $340.00 $217 $182 137.34% 115.19% $2,500.00 $170.00 $416.00 $375.00 $246 $205 144.71% 120.59% $2,750.00 $180.00 NA NA NA NA NA NA $3,000.00 $188.00 NA NA NA NA NA NA $3,250.00 $192.00 NA NA NA NA NA NA $3,500.00 $196.00 NA NA NA NA NA NA $3,750.00 $104.00 NA NA NA NA NA NA $4,000.00 $110.00 NA NA NA NA NA NA $4,250.00 $124.00 NA NA NA NA NA NA $4,500.00 $236.00 NA NA NA NA NA NA $4,750.00 $248.00 NA NA NA NA NA NA $5,000.00 $162.00 NA NA NA NA NA NA $5,250.00 $272.00 NA NA NA NA NA NA $5,500.00 $276.00 NA NA NA NA NA NA $5,750.00 $284.00 NA NA NA NA NA NA 14 $6,000.00 $288.00 NA NA NA NA NA NA

CF Offers a Competitive Payment Structure Lower Payments and Payouts Than Competitor Programs CF Standard Pricing CF Monthly Progressive Monthly SNAP Monthly Payment Variance - % Variance- Product Amount Payment Variance - SNAP % Variance - SNAP Payment Payment payment Progressive Progressive $200.00 $30.00 NA 60 NA NA NA NA $500.00 $52.00 $83.00 $70.00 $31 $18 59.62% 34.62% $750.00 $78.00 $125.00 $110.00 $47 $32 60.26% 41.03% $1,000.00 $86.00 $166.00 $157.00 $80 $71 93.02% 82.56% $1,250.00 $98.00 $208.00 $190.00 $110 $92 112.24% 93.88% $1,500.00 $108.00 $250.00 $225.00 $142 $117 131.48% 108.33% $1,750.00 $112.00 $280.00 $245.00 $168 $133 150.00% 118.75% $2,000.00 $118.00 $333.00 $300.00 $215 $182 182.20% 154.24% $2,250.00 $132.00 $375.00 $340.00 $243 $208 184.09% 157.58% $2,500.00 $142.00 $416.00 $375.00 $274 $233 192.96% 164.08% $2,750.00 $154.00 NA NA NA NA NA NA $3,000.00 $166.00 NA NA NA NA NA NA $3,250.00 $192.00 NA NA NA NA NA NA $3,500.00 $196.00 NA NA NA NA NA NA $3,750.00 $204.00 NA NA NA NA NA NA $4,000.00 $210.00 NA NA NA NA NA NA $4,250.00 $224.00 NA NA NA NA NA NA $4,500.00 $236.00 NA NA NA NA NA NA $4,750.00 $248.00 NA NA NA NA NA NA $5,000.00 $262.00 NA NA NA NA NA NA $5,250.00 $272.00 NA NA NA NA NA NA $5,500.00 $276.00 NA NA NA NA NA NA $5,750.00 $284.00 NA NA NA NA NA 15 NA $6,000.00 $288.00 NA NA NA NA NA NA