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The Basics — What Is a Private Finance Arm, and Why Build One?
Key Takeaways:
Create an In-House Finance Company: A business can create its own finance company to offer credit directly to customers. This can create an additional source of income through interest while strengthening customer relationships.
Improve Financial Efficiency: A separate finance company can help organize financial activities and, when properly structured, may create tax and operational benefits.
Manage Risk Strategically: Separating financing activities from the main business can help organize financial risks and create additional revenue opportunities. Proper legal and financial…
The skinny
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