LendingUSA™ Featured in NFDA's The Director Magazine
In the June issue of The Director, LendingUSA highlights what funeral homes are facing in 2020 with recent survey data
SHERMAN OAKS, Calif., June 2, 2020 /PRNewswire/ -- LendingUSA, a leading point-of-sale financing solution, is featured in the June issue of The Director, published by the National Funeral Director's Association (NFDA), which is distributed to over 13,000 funeral homes across the country. In the feature, LendingUSA shared data from a recent survey the company conducted that sheds light on the challenges funeral professionals are facing in 2020.
Key takeaways from the survey responses include:
- Funeral professionals ranked the top challenges facing funeral homes as planning services that fit within the family's budget (48%) and collecting payment (31%).
- 70% of funeral professionals said that families today are less prepared for the costs associated with funeral services than they were 10 years ago.
- 66% of funeral professionals said less than half of families have life insurance policies.
You can view the full survey results here. For funeral homes across the country, this data points to a common challenge: when families are less prepared, funeral homes must adapt to meet their needs. Additionally, as funeral homes also battle the effects of the coronavirus (COVID-19) pandemic, even more families will find themselves unprepared for the costs associated with funeral services. This means that funeral homes must step up to offer better payment options and give families the flexibility they need.
LendingUSA is exclusively endorsed by the NFDA as a financing solution for at-need families. "Because our platform was built with funeral directors and families in mind, we're the preferred lending partner for funeral homes," says Camilo Concha, CEO and Founder of LendingUSA. "We're grateful to our partners at the NFDA for highlighting this important data and what it means for professionals in this industry."
About LendingUSA
LendingUSA is an award-winning point-of-sale (POS) fintech company that offers merchants a seamless financing solution with access to loan decisions in seconds, promotional financing terms, and low monthly payment options for its customers across various specialty niche markets.
Founded in 2015, LendingUSA has grown to over 8,000 merchants nationwide and has processed over $2 billion in borrower loan requests. LendingUSA is committed to creating the best financing experience available through its proprietary point-of-sale lending solution. LendingUSA works closely with its merchant partners, providing the tools and training they need to easily and efficiently maximize customer financing approvals and grow their business. Loans offered range from $1,000 to $35,000. The company also boasts an average consumer rating of 4.8 out of 5 stars.
All loans are made by Cross River Bank, a New Jersey state-chartered bank, Member FDIC. For more information, please visit www.LendingUSA.com
Media Contact:
Tyson Wigfall, Director of Marketing, LendingUSA
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LendingUSA Survey Data on the State of the Funeral Industry
LendingUSA recently conducted a survey with funeral professionals across the country to learn the challenges they're facing today.
SOURCE LendingUSA
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