Case Study
Top Weld Training & Staffing Agency
Top Weld Training & Staffing Achieved a 40% Enrollment Surge with
Business Overview
Top Weld Training & Staffing Agency is a leading provider of skill-based education, professional training, and consulting services in Brampton, Canada. The institute provides students with hands-on training in various welding techniques, ensuring they graduate with both practical expertise and a strong understanding of essential safety protocols required in the field.
Equipped with state-of-the-art training facilities and advanced tools, Top Weld offers an immersive learning experience. Students are mentored by seasoned industry professionals and gain real-world knowledge that prepares them for successful careers.
Beyond training, the institute is committed to helping students secure employment. As a member of the Canadian Welding Association (CWB), Top Weld provides valuable industry connections and resources, empowering graduates to launch and grow their careers.
Additionally, Top Weld’s programs fall under the NOC B classification, making them an ideal pathway for individuals seeking Permanent Residency (PR) in Canada.
With such valuable offerings, one might wonder—why wasn’t Top Weld thriving with steady cash flow?
Challenges & Their Impact
From High Costs to High Dropout Rates
The answer lay in the financial barriers students and professionals faced while enrolling in a training program.
Expensive Financing Options
Traditional lenders charged high interest rates, making it difficult for students to afford the courses.
Slower enrollment growth, as many couldn’t afford to pay upfront.
Missed revenue opportunities, limiting business growth.
Rigid Repayment Structures
Rigid repayment structures did not align with students’ financial situations, leading to late or missed payments.
Many students struggled to keep up with payments, resulting in a 25-30% increase in dropout rates.
This, in turn, led to an estimated 15-20% loss in annual tuition revenue.
Financial Uncertainty
Unpredictable cash flow due to inconsistent or missed student payments.
Difficulty in managing operational costs, limiting the ability to invest in better training resources and facilities.
Restricted business growth, affecting the institute’s ability to expand consulting and training services.
Recognizing these challenges, Top Weld sought a solution that would make its consulting and training programs more accessible while ensuring financial stability.
That’s where Credee’s SimpleeFi with Deferred Interest proved to be the game-changer.
Breaking Barriers to Top Weld’s Business Growth
Credee’s SimpleeFi with Deferred Interest
Enrollment rates increased by
40%
Drop-off rates decreased by
25%
Revenue grew in just four months by
35%
What Is Credee’s ‘SimpleeFi with Deferred Interest?’
As discussed above, with consulting and training services, affordability can be a major challenge for students and professionals looking to upskill.
SimpleeFi with Deferred Interest plan offers zero interest for a period of 12 months, making education and training more accessible without the financial burden. This flexible payment plan also allows students to manage their budgets better. In addition, as the payments are protected under this plan, the business receives assured earnings, even if a student defaults on the payment.
Zero Interest
No Credit Check
Protected Payments
How Flexible Financing Worked Wonders for Top Weld Training & Staffing Agency
12-month interest-free period→ 150+ Contracts Created
No interest period for 12 months eased the financial hesitation among students leading to an increase in enrollment rates. This in turn resulted in higher tuition revenue and a broader student reach.
Flexible Payment Plans → Easier Paybacks
Students could now structure payments in a way that aligned with their financial situation, enabling them to make regular payments with ease. As a result, more students successfully completed their courses, leading to a significant decrease in dropout rates.
Accelerated Business Growth → Revenue Up by 35% in Four Months
A steady, predictable revenue stream backed by protected payments replaced irregular cash flows and missed payments. This allowed for business expansion, improved facilities, and enhanced training resources, setting up Top Weld for long-term success.
Client Speaks
“We witnessed a significant decrease in dropout rates. As Credee's Simpleefi with Deferred Interest also provides protected payments, we were no longer wary of missed payments from students. The stability allowed us to focus on delivering quality training without financial uncertainty.”
— Top Weld Training & Staffing
Why Credee Is the Right Fit?
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