36% of Contractors Absorb the Cost of Rising Material Costs* How much thought do you put into your project estimates? Knowing how many hours, how much manpower and what materials you will need to complete a specific job isn’t enough to ensure the price you quote will create profit. Stop absorbing costs that should be […]
Do You Have Good Margins? Read More »
Preparing for Today’s Customers Credit scores are used by service providers ranging from landlords to financial institutions. Each of these companies is looking for some measure of a person’s financial reliability. However, today, credit scores in the United States are becoming more polarized. The average credit score is falling while the percentage of people with
Credit Scores Are Changing. Read More »
It takes years of hard work to build a strong credit score and unfortunately, it doesn’t take much to knock the score down. Learn how our customer prequalification process can help.
How to Prequalify Your Customers for Financing Read More »
What You Need to Know to Get Started People don’t stop wanting to upgrade their home or needing to make repairs when the economy becomes unstable. They simply look for new ways to cover their expenses that don’t drain large chunks of their savings at a time. Financing options can help budget-conscious customers say “yes”
A Guide to Offering Payment Plans Read More »
You close more sales when you offer financing, but many of those sales rely on your customer being approved. There are several ways you can ensure your customer has their best chance to qualify with their first application. Learn how! Joint Application Joint applications can increase approval chances, even if one applicant’s credit score or
How to Submit Financing Apps that Get Approved Read More »
How to Grow without Lowering Prices Do your customers already have a budget in mind or are they shopping around to learn how much their home improvement project might cost? Either way, contractors often fall into the trap of lowering their project estimate to win the sale. While offering a discount now and then won’t
Don’t Cut Your Costs – Offer a Monthly Payment Option! Read More »
Are you considering offering financing for the first time or looking for ways to cover more of your customers? Learn what to look for when choosing your partner! Cost and Funding Each finance company operates a bit differently. Learn about any fees, discounts and who will receive the financing payout before you partner with a
What to Look for in a Financing Partner Read More »
How Does Financing Close Sales? Affordability is one of the biggest hurdles homeowners must overcome when considering updating or renovating their home. However, you can make projects more accessible by offering customers home improvement financing. Low interest rates and attractive promos can shorten the time customers spend saving for their next project and lower the
I Just Became a Financing Dealer. Now What? Read More »
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
4 Tips to Profit with Financing Read More »
This year, we are celebrating 14 years of Foundation Finance! How It Started In 2012, four friends gathered around a kitchen table. The goal: to create a simpler, more user-friendly financing program. We considered several different names for this new venture before landing on Foundation Finance. We launched our company in February of 2012 and
Celebrate 14 Years of Financing with FFC Read More »
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Note: Use of the terms "Loan," "Lender" and "Borrower" is for ease of reference only. Financings are in the form of retail installment contracts ("RIC").
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