Foundation Finance Blog
Looking for ways to grow your business? We’re here to help! Find business tips, home improvement updates, industry news and everything you need to know about home improvement financing.
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Americans spend half a trillion dollars every year on home renovations, according to census data. That’s not all out-of-pocket funding. Which means, for home improvement businesses, the most effective tool in your toolbox is the one that captures those sales! Studies show that offering financing increases sales close rates by 18% and job sizes by […]
Spring sales are on every remodeling contractor’s mind right now as homeowners happily emerge from their winter hibernation with vivid dreams of home improvements. Are you ready to capture those sales? Remodeling activity is expected to increase as the temps rise, but businesses located in the sunbelt states should be prepared for an even bigger […]
When a finance partner puts its focus on the success of the businesses within its network, an onboarding strategy is an important component. Communication, guidance, expert training and continuous interaction are musts for anyone learning a new process, especially one with the potential to increase the bottom line. Foundation Finance has a multi-step approach to […]
When the World Health Organization declared the coronavirus a pandemic last March, we entered a realm that no one could have imagined. As we maneuvered through it day by day, week by week, month by month, change was the one constant. Consumers and businesses alike faced enormous challenges while riding an economic rollercoaster that wasn’t […]
When you enroll in a financing program but don’t take the time to learn how to offer it, what’s the benefit in that? Maybe you think you can ‘wing it’ as you go, but that’s not doing you or your customers any good. Although the financing process may be simple, the details and steps required […]
When you think about it, what business isn’t providing customized service every day? Your support staff can’t guarantee exactly what question will be coming from the other end of the phone, or, what a customer really wants when they walk in your front door. Any service provided is a direct result of what the customer […]
When you own a business—whether you’re a sole owner, it’s family owned, or you’re a franchisee—staying competitive in an evolving marketplace is a constant challenge. Closing sales is an even bigger battle when customers eventually realize they may not have enough savings or strong enough credit to afford what they came to you for. What […]
Foundation Finance is excited to unveil a design refresh of its website. Strategically recreated with home improvement dealer satisfaction as the focus, we’ve kept the same page links and information you regularly use, but gave them a fresh coat of paint, so to speak! The nuts and bolts remain the same, such as Dealer Login, […]
If you knew that using blue paint in your remodeling projects turned your prospects into sales, you’d obviously use more blue paint, right? So, if you know that offering financing closes more sales, you’d be talking about it in every sales conversation, right? Well…that’s where the head-scratcher comes in. Even though offering financing increases your […]
One positive thing the pandemic did for home improvement contractors was increase the demand for home renovations! Typically, increased demand denotes increased sales. Not so in the home improvement marketplace. The increased demand for home improvements increased the opening of new home improvement businesses. What did that do? Create more competition. How do you differentiate […]
