About SweetPay

David has developed extensive experience in technology, retail, and consumer finance. SweetPay is his latest venture in these areas, designed specifically to help small businesses compete more effectively with consumer finance offerings. Previously, David founded and is currently Chairman of LendPro LLC, the innovator and leader in consumer credit waterfall technology platforms. LendPro was conceived in 2011 from his retail showroom floor kiosk business, Showroom Technology. He has worked with and sold consumer lending solutions to thousands of retailers, from Top 100 home furnishings chains to small regional stores. David also has held leadership positions with several large, publicly-traded software companies.

The Multi-Lender Need During a Pandemic

Having worked in the consumer financing industry for years, I have now witnessed first-hand how two significant events have caused turmoil in the credit markets. First, the Financial Crisis of 2008-2009 and now the Pandemic of 2020. My first lending platform, LendPro, and now my latest platform, SweetPay, both work with several financial services businesses [...]

By |2020-07-31T06:09:50-04:00July 31st, 2020|Uncategorized|0 Comments

I’ve Seen That Movie Too

Ever wonder what happens when the financial markets go into disarray? You don’t have to look back too far to recall the Financial Crisis of 2008-2009. Consumer lending took a double hit. First, lenders tightened up, or raised, FICO requirements of consumers applying for personal loans. Then, consumer’s credit scores dropped due to both income [...]

By |2020-05-04T08:16:45-04:00May 4th, 2020|Uncategorized|0 Comments

The Media That Cried Wolf

Financial news media have sounding alarm bells over the last few years about rising consumer debt levels. They have pointed to new Fintech products, such as online personal loans, as a big concern. The media claim these debt instruments have recently grown rapidly. What they fail to point out is that consumers have been gravitating [...]

By |2020-02-25T06:28:50-05:00February 25th, 2020|Uncategorized|0 Comments

The Well-Kept Secret

You know your customers like to pay-over-time for large purchases, regardless of their credit worthiness. So, you spend time, energy, and money putting into place a consumer financing program. Now, you’re ready to have your customers finance their purchases. There’s only one problem. They have no idea you have consumer financing options! That financing word [...]

By |2019-12-18T18:04:20-05:00December 18th, 2019|Uncategorized|0 Comments

Exorcise Your Credit Demons

If you’re like most people, you get bombarded with loan offers both in email and snail mail for personal loans, credit, mortgages, student loans, car loans, home equity lines of credit – shall I go on? God forbid if you are a sole proprietor or small business owner as the number of offers just doubled! [...]

By |2019-10-16T14:29:15-04:00October 16th, 2019|Uncategorized|0 Comments

Beware the Credit Pull

A high majority of consumers today browse multiple websites before deciding to visit a store or purchase online. If the item they are looking for has a high price tag, financing, or paying over time for the purchase may be desirable. Many businesses know that consumers purchasing higher priced items often want/need to pay-over-time for [...]

By |2019-07-23T09:13:40-04:00July 23rd, 2019|Uncategorized|0 Comments

Penny Wise and Pound Foolish

Nothing like a good idiom to shed light on a problem. Being penny wise and pound foolish is really saying that focusing on saving a small amount of money may prevent you from earning a large amount of money. “Seeing the forest for the trees” is another idiom with similar meaning. This refers to being [...]

By |2019-05-20T09:58:48-04:00May 20th, 2019|Uncategorized|0 Comments

The Impact of Interest

There are some who believe that financing is evil and that it’s foolish not to pay cash up front for all of your needs. Logically, you can understand this argument. In reality though, the demands and desires of life don’t fit neatly in to that box. So, how can you try to minimize interest charges [...]

By |2019-04-18T10:52:24-04:00April 18th, 2019|Uncategorized|0 Comments

Fintech Personal Loans Taking Marketshare

Over the last five years, online personal loans from lenders known as financial technology, or “Fintech”, lenders have garnered much attention. Fintechs rapid growth has taken marketshare from traditional lending sources, such as banks and credit unions. This blog will attempt to answer why this is happening. Methods of Paying-Over-Time Up until recently, there have [...]

By |2019-03-18T14:13:46-04:00March 18th, 2019|SweetPay|0 Comments

Think and Act Bigger than You Are!

You’re a small business operating with larger, more established competitors all around you. You may feel overwhelmed, intimated, or inhibited. Your products and service are just as good as those of your larger competitors, but you feel it’s unfair they get all the attention.  Stop the pity party! Most successful businesses, large, medium, and small, [...]

By |2019-03-18T09:07:30-04:00February 18th, 2019|SweetPay|0 Comments