EnerBank USA

Independent Contractor Solution

Why should you enroll and offer the EXPRESS LOAN PROGRAM’S Unbeatable Choice of payment options—featuring Same-As-Cash Loans*—to all of your customers?

  • Increase sales
  • Grow your business
  • Make more money
  • Provide more value to your customers

How can you increase sales and grow your businesses?

Did you know that over 50% of all home improvements of $5,000 or more are financed each year – many with Same-As-Cash Loans*.  Successful contractors provide all of their customers with an Unbeatable Choice—a Same-As-Cash Loan* and a monthly payment loan**/***.  Then, they let their customers decide.  When your sales reps practice 100% presentation of the Unbeatable Choice of payment options, you can significantly increase sales by:

  • Increasing sales close rates (by selling more projects and controlling the sale)
  • Increasing average job size (by selling more extensive projects or higher quality materials)
  • Guaranteeing your customers have a way to pay for their projects
  • Reducing sales appointment and job cancellations
  • Improving customer satisfaction (with high loan approval rates)

Plus, when you include a reference to a Same-As-Cash Loan* and another Unbeatable Choice payment option in your advertising, you can:

  • Increase the number of sales leads
  • Decrease your cost per lead
  • Differentiate your company from the competition

How can the Unbeatable Choice of unsecured payment options deliver better sales results?

Even though Same-As-Cash Loans* have strong consumer appeal and will be preferred by most customers, it’s important to always provide a choice.  More of your sales reps will use the program every day to increase their sales not only because of the Unbeatable Choice, but because the loan application process provided by EnerBank USA is quick, easy, dependable, and secure.  Benefit from:

  • No paperwork for you or your customers
  • A convenient referral to a paperless and toll-free loan-by-phone
  • Peace-of-mind for customers who provide their personal financial information directly to the bank
  • 100% financing (including materials, labor, extended manufacturer’s warranty, and sales tax) up to $45,000 on an extensive eligible improvement list with no brand restrictions
  • A quick credit decision in about 10 minutes
  • Extended loan center hours – open when you frequently meet with your customers:
    • Weekdays 8:00 AM to 1:00 AM (EST)
    • Saturdays 9:00 AM to 8:00 PM (EST)
    • Sundays 11:00 AM to 7:00 PM (EST)
  • Electronic delivery of loan documents with electronic signature (ExpressDocs 2.0 coming November 2013)
  • Electronic payment of loan proceeds directly to your company’s bank account
  • Daily tracking and reporting –a secure PartnerPortal lets you track the status of any loan 24/7 and more

Want to know more about the Unbeatable Choice of payment options?

Unlike other providers, there are no pre-selected menus.  You choose the payment options that make you the most competitive in your markets and can change the payment options you want to offer to prospective customers at any time. 

As already mentioned, successful contractors provide all of their customers with a choice—a Same-As-Cash Loan* and a monthly payment loan**/***.  Then, they let their customers decide.  Unlike our competitors’ Same-As-Cash Loans, qualified borrowers can buy today and defer monthly loan payments, interest free* for up to 18 months.  It’s a real competitive advantage!  Monthly payment options available include:  Reduced Interest Loans, Zero Interest Loans, and Traditional Installment Loans.

In addition to our standard Same-As-Cash Loans, Reduced Interest Loans, Zero Interest Loans, and Traditional Installment Loans with payment of loan proceeds to you at job completion, we offer Flex Loans.  Flex Loans will help improve your cash flow with a progress payment on larger jobs.  With the initial advance up to 50% of the job, you can purchase the materials you need to complete the project according to your production schedule and on time.  Flex Loans also eliminate the need for a down payment – providing one more reason for your prospective customers to “buy” from you today.  Check to see if your company qualifies to offer Flex Loans.

Loan

Repayment Terms

Same-As-Cash (No Interest, No Payments)*

 

  Same-As-Cash Loans - 3, 6, 12 & 18 Months

Up to 11.5 Years

  Same-As-Cash Flex Loans - 6, 12 & 18 Months

Up to 11.5 Years

Reduced Interest Loans**

 

  2.99%, 4.99% & 6.99% Reduced Interest Loans

5, 7, 10 & 12 Years

  2.99%, 4.99% & 6.99% Reduced Interest Flex Loans

Up to 5, 7, 10 & 12 Years

Zero Interest Loans***

 

  Zero Interest Loans

1-7 Years

  Zero Interest Flex Loans

Up to 7 Years

Traditional Installment Loans

 

  Traditional Installment Loans

12 Years

  Traditional Installment Flex Loans

12 Years

Flex Loans have an initial advance of up to 50% and a final advance at job completion.



Contact Us

Phone: 888-390-1220
  • Option 1: Customer Service for borrowers
  • Option 2: Contractor Support for participating dealers

Phone: 800-262-1655 option 1 For potential independent contractors

Phone: 888-721-2100
For potential strategic business partners


For potential strategic business partners

Bank Headquarters Address:
1245 Brickyard Road, Suite 600
Salt Lake City, UT 84106








Loans provided by EnerBank USA OAC for a limited time. *Repayment terms vary from 15 to 138 months. Borrowers approved for Same-As-Cash loans will pay no interest during the Same-As-Cash period if they re-pay the total amount borrowed on or before the Same-As-Cash date specified in the Note and Disclosure Statement. Borrowers may also qualify for monthly loan payment deferrals during the Same-As-Cash period. 16.99% fixed APR, effective as of October 2013, subject to change. **Repayment terms vary from 60 to 144 months. 2.99%, 4.99%, and 6.99% fixed APR, effective as of October 2013, subject to change. The first monthly payment will be due 30 days after the loan closes. ***Repayment terms vary from 12 to 84 months. The first monthly payment will be due 30 days after the loan closes.

EnerBank USA is a Member FDIC.
EnerBank USA is a wholly owned subsidiary of CMS Energy Corp. (NYSE: CMS)