Major non-bank lender Fairstone Financial Inc. has inked an agreement to provide point-of-sale financing for all retail purchases in all Kent Building Supplies locations across Atlantic Canada.
Fairstone, which serves near-prime borrowers with over $3 billion in assets on a consolidated basis, will also be offering an integrated, automated mobile and digital financing platform to the home improvement chain’s 49 spaces in the region.
The agreement will grant Kent a powerful solution that can be easily incorporated into its existing retail infrastructure, Fairstone assured. The platform will also considerably cut down the time and labour associated with applications, reducing financing approval times to less than two minutes.
“We’re pleased to work with Kent to provide a positive financing experience for their customers and a simple, easy-to-manage solution for their in-store associates,” Fairstone senior vice president (indirect lending) Serges Bériault said.
“Providing the right solution for our customer’s needs has been part of our customer promise for decades. We're pleased to be working with Fairstone to provide a simple, digital financing solution that gets our customers a step closer to realizing their home renovation and building goals,” Kent general manager Michael Simms added.