Charlottesville, Virginia – July 20, 2015 – Petland, Inc. and LendPro today announced a Petland corporate wide partnership, incorporating in to its consumer finance operation LendPro’s Open-to-Buy technology platform. LendPro has partnered with industry-leading consumer finance lenders to create a streamlined and very effective way to enable retailers to approve more consumers for financing, thereby empowering them to sell more goods.
LendPro conducted a recent pilot program in Petland corporate stores and several franchise locations. The results of the pilot proved that the Open-to-Buy platform and associated lenders approved a significant number of consumers that were not approved through Petland’s primary credit offering. "LendPro has provided my pet stores with a valuable sales tool,” said Matt Donovan, franchise owner of two Petland stores. “They have excellent lending options at very affordable rates that allow my staff to get more customers approved for financing and makes the process very simple."
LendPro has several lending options that cover near-prime and sub-prime consumer credit profiles and are very competitively priced. Open-to-Buy can be used on any device, including tablets and a consumer’s own smartphone. LendPro and Petland have negotiated an attractive price for Open-to-Buy available to franchise owners.
“Petland stores understand how financing the consumer’s purchase can lead to more and higher ticket sales,” stated David Weyher, LendPro president. “LendPro gives these stores a fast, easy and effective way to accomplish this.”
“Petland found a partner in LendPro that has demonstrated an ability to bring effective lending options to our Petland stores and has done so in a manner that makes financing our customers easy and efficient,” said Lisa Johnson, Petland’s vice president of finance.
LendPro has partnered with many industry-leading retail consumer finance lenders covering all consumer credit tiers to bring the big-ticket retail marketplace a fast, easy, and very effective way to approve consumers for in-store financing of goods and services. LendPro’s cloud-based, consumer self-service technology has processed over one million consumer finance applications nationwide, generating over one billion dollars in approvals for retail consumers across the retail spectrum, including furniture, jewelry, bedding,and appliance/electronics. For more information, please visit www.mylendpro.com.
About Petland, Inc.
Petland, Inc. is a franchise operation with quality, full service retail pet centers across the United States, Canada, Japan, China,Mexico, South Africa, Brazil and El Salvador. For more than 47 years, Petland Pet Counselors have been dedicated to matching the right pet with the right person and meeting the needs of both. To its customers who already have pets, Petland is dedicated to enhancing their knowledge and enjoyment of the human-animal bond. Petland was founded in 1967 and is headquartered in south central Ohio. For more information on Petland, visit www.petland.com.