Financing Options
Changing the Industry – One Contractor at a time!
Fact: Offering more payment options to consumers leads to more sales and higher sales amounts
Fact: Three out of four consumers (77%) making a major purchase always seek financing
Fact: Nearly half of consumers that use financing say they would not have made the purchase if financing was not available
Fact: Seventy-percent (70%) of consumers that use financing say they search for businesses that offer financing before making contact with one
That’s rough, but someone had to let you know.
TURNING A LARGE TICKET INTO AN AFFORDABLE MONTHLY PAYMENT WILL OPEN YOUR SERVICE TO MANY MORE CONSUMERS.
Exclusively for Contractors now has financing programs tailored to the contractor tired of in house payment plans or worse losing a customer who needs your services because they can’t afford your costs. In the field of contractor financing our program is the next generation, we are setting high standards for service.
Your customers will appreciate this finance opportunity because finally they can get the contracting services they need, not just the contracting services they can afford. This innovative program solves problems for contractors AND their customers. Your customers find out quickly (within 60 seconds) what loans they qualify for on any device and are able to electronically sign the paperwork after accepting the terms of the loan. We finance prime credit and credit scores down to a 550 by working deep into your client’s credit profile. We can provide unsecured loans from $1,000 to $35,000 with terms ranging from 12 to 84 months.
We offer a dashboard for your business and you are able to see who has applied, who is approved and you know when your client is paid. Our lenders follow the usury guidelines in every state in which they offer loans. This is a win for your contracting company and a win for your customers, not to mention what it will do for cash flow.
More people today are living paycheck-to-paycheck than ever before. It’s essential to make the path to a sale as easy as possible and options are the way to do that.
We have the following programs available for your business:
Multi-lender platform consisting of over 30 lenders that provides approvals to individuals with credit scores as low as 500 and for amounts up to $100,000.
Applications are submitted through the loan page/application link customized for the business. Maximum terms of 72 months. Interest rates start at 4.99% (subject to credit criteria). Funds are funded directly to the borrower, typically within three business days. No impact on consumer’s credit to submit an application (soft credit pull only). No collateral is required. One application is instantly submitted to multiple lenders. The platform consists of both loans and quick access lines of credit. The number of lenders in the platform available to a consumer will vary by state and other loan criteria. Flexxbuy supports loan applications from submission through funding. Easy process for business. Very low fallout rate (typically less than 5%) of funded loans not used for sale.
Cost to Business: 3.9% of the funded loan or invoiced amount collected by business, whichever is lower, plus a $50 administration fee, deducted from the business approximately ten days after the loan is funded (if the business does not complete the sale, there is no fee).
Documents Required (from business): voided business check and proof of business (business license, sales tax license, etc.). Proof of business requirement can be waived upon Flexxbuy management decision.
Home Improvement Businesses and Contractors in HVAC, Doors & Windows, Roofing, Solar, Electrical, Plumbing, Water Treatment, General Home Improvement, and More
(Enrollment with lenders/providers is subject to approval)
Prime, Sub-Prime Loan Programs, and No Credit Needed Lease (HVAC) Programs can be completed from any device and any location. Merchant is funded directly. Competitive terms and pricing include:
Business Criteria: (Prime-to-Subprime Lenders)Background check on business and owner (soft credit pull). Business must be in good standing (Active trade license(s), where required, active website, good online reputation/footprint). Minimum annual revenue of $500,000. Other criteria apply on a per-lender basis. Exceptions may be granted based on the merits of the overall opportunity.
(No Credit Needed-HVAC/Water Heaters) No time in business requirement. The business has to have a physical location. Website required. General review of business and business owners. Cost to Business: Discounts vary by lender and program. The business decides which program(s) to make available to its customers. A 1% Flexxbuy platform fee on funded loans applies
