Not offering financing because you’re avoiding the credit app submission process is losing your business precious sales! For home improvement dealers who dread the process, fear no more! Submitting a credit app is simple—and nearly effortless—when you complete and submit the app electronically.
It’s so easy, in fact, the entire (paperless) process could be completed in less than 30 minutes—including the credit decision!
Foundation Finance Company has a streamlined application process featuring drop down options and an error check for missing information. From start to finish, the app is standardized and comprehensive. We’ve included a QR code here that opens a video showing the process step by step. —>>>
It only takes about five steps: 1). In the FFC DecisionLender dealer portal, choose “new application” from the apps menu, which opens the credit app. 2). Select your business’ product type via a dropdown list. Fill in your name and phone number. 3). Complete the financing details. More dropdown options make it easy to complete this portion. 4). Fill in the customer information. Make sure you’ve got pertinent details from the customer including social security and driver’s license numbers, employment status and income. 5). There’s a space for notes and you can add a co-applicant if needed. That’s it! When you submit the application, if you’re missing any details they will be indicated in red. App accuracy is higher with electronic submission.
Let the Customer Complete the App!
Foundation Finance provides a custom link to add to your website or send directly to the customer in an email or text message that allows your customers to complete and submit their credit application electronically, from home or anywhere. The completed application is transmitted directly to Foundation Finance and uploaded into the DecisionLender portal.
You CAN close more sales with a financing program. Offer the financing, submit the app and close the deal. It’s a well-oiled process that any dealer can master. Train your sales team by sharing the step-by-step video or set up a customized training with FFC’s dealer support team.
Capturing every sale possible as we approach the end of 2020 is crucial to both large and small home improvement businesses. Don’t let a detail like submitting a credit app prevent you from providing a key sales closer: financing.