You’ve convinced the customer of the value of your products and service in your in-home sales presentation. Now how do you get paid? Your customer can’t pay cash and rather than waiting for your them to apply for a home equity loan or a mortgage refinance, offering a simple, flexible home improvement financing option can help you close the sale today and move on to your next project.
The financing process with Foundation Finance is simple. Have your customer complete a short credit application and submit it online or call it in. We’ll let you know if your customer is approved in just a few minutes (check out our extended credit processing hours here), and our “one-call” solution offers financing options for buyers with good credit as well as those with some credit challenges.
Once you have an approval, you can complete the loan documents online for the customer to sign immediately, send them via email or to print for a physical signature. Then it’s just a matter of completing your project and submitting a completion form for funding. Once you’ve completed the project and we’ve confirmed payment date with the customer, we pay you by ACH. At that point, we handle all the billing and collection activities.
Our home improvement financing plans have no pre-payment penalties, so your customer can pay the loan any time without penalty. Contractors can also offer a variety of same-as-cash and reduced interest rate programs to get the sale closed now. Offering financing options to every customer will help you close more sales and build your bottom line.
Become a dealer today and take advantage of our 6 months Same-As-Cash promotion through the end of December, 2019!