Primary consumer finance program for storm shelters
In early 2017, Variant sourced a primary financing program for the purchase of storm shelters. Many of the dealers selling these types of products are located in the midwest where storms can be common and dangerous. Dealers have resorted to credit unions to meet their consumer financing needs. While these programs offer competitive rates and terms to the borrower, they are not easy to use and result in few storm shelter purchases.
Variant’s program allows these dealers to have customers apply and get approved instantly on their website. Documents can be emailed to the customer for electronic signature. Once signed documents are received, the dealer is funded and can install the shelter.