Marine division launched

Omni Capital Retail Finance has launched a marine division Omni Capital Retail Finance has launched a marine division

Omni Capital Retail Finance has launched a specialist marine division, aimed at retailers selling marine products up to £25,000 in value.

Loans are available from £250 to £25,000 over terms from six to 84 months (subject to customer credit status and mandatory deposit).

Omni Capital believes the marine sector has been a market largely ignored by finance providers. In launching its new proposition, the lender believes it can enhance selling opportunities for retailers.

Omni Capital’s new division offers interest-free or interest-bearing (from 4.9% APR) customer finance options.

Items Omni Capital will consider financing include kayaks, jetskis, pleasure craft and ancillary products such as navigational equipment and sails.

“With retail sales cooling, and the high street banks hesitant to lend, there has never been a better time to offer customers credit. We can help you stand out from the competition, and have seen retailers using finance increase their sales by over 20%,” said George Miller, head of strategic development at Omni Capital.

He added: “Retail finance can be of enormous benefit to retailers and their customers alike. For the retailer, it can help maximise selling opportunities, enhance order values and improve all-important cash flow.”

For customers he explained, it provides the means to trade-up to better quality, higher-value products previously out of their price range and help them buy now rather than in the future.

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