You don’t have to be an expert to profit from financing.
Take advantage of just a few simple tips to close more sales and simplify the financing process.
Tip 1 – Know Your Program.
Understand what your financing partners can do for you and your customers. Some questions that can help you save time and prevent financing rejections include:
- What size projects do they cover?
- What are the approval criteria?
- Do they offer free interest rates?
- How long are approval decisions valid?
- Are there hidden fees or volume requirements?
- Do they offer special promotions?
Thinking about partnering with Foundation Finance? We cover projects from $1,000 to $100,000. Get approvals for customers with FICOs as low as 550, with exceptional benefits for customers with FICOs starting at 725. Our free reduced interest rates start at just 11.9% and approvals stay valid for 180 days. Your customers will love our wide range of special promotions and we have no hidden fees or volume requirements.
Tip 2 - Understand Your Tools.
Financing tools are designed to make the sales and financing process easier. For example, Foundation Finance partners can text or email their custom app link so customers can prequalify for financing on their own time. The payment estimator shows customers how affordable their project could be, promoting affordability and readying them to move forward with their project. If the customer would prefer your help applying for financing, our Driver’s License scanning tool will save time by auto-importing customer info.
Tip 3 – Take Advantage of Training
The bare minimum a financing company can do is provide a platform where you can submit and manage your applications. Companies like Foundation Finance offer many additional resources. Whether you have a simple question about your tools, program or the financing process, we are here to help with a wide range of training opportunities.
Training Options
- LaunchPAD Learning Hub – a library of training videos and walk-through tutorials.
- Live webinars – for yourself or schedule one for your office.
- Dealer Services – a dedicated team ready to answer your calls and emails.
Tip 4 – Don’t Wait for Customers to Ask.
Offer financing to every customer! Everyone knows they can finance a car or get a mortgage for their home, but they may not know that that’s an option for home improvement as well. Spread the word with free posters and window clings that let customers know about your monthly payment options. And when they are ready, you can prequalify your customers through Foundation Finance without affecting their credit score.* With second look financing, your customers may qualify for monthly payment options with FFC even if they have been turned down elsewhere.
Looking for more information about our financing process? We have an eBook that covers that! Check out A Very Simple Financing Process eBook to learn more.
Interested in other ways Foundation Finance can help you close your next sale?
Contact us for more info: 1-855-241-0024, [email protected].
*Upon receipt of a completed credit application and executed contract documents, a hard inquiry (which may affect the applicant’s credit score) will appear on the applicant’s credit report.
