Staying Ahead of the Competition — Contractors lose jobs when they don't offer financing. Customers will either drop the project once they hear the bid or they'll seek out a contractor who does offer financing. Stay ahead of the competition by providing options to the customers who need help financing a project that costs more than $5000.
Giving Customers Options — Customers appreciate having options. When you approach customers with financing options, you make it easier for them to choose you for your services. Providing convenient options, such as Same-as-Cash loans and low monthly payment loans, puts bigger projects with higher-quality materials within reach for your customers. Having options that work for their individual situation and knowing what options they qualify for makes it easy for them to commit to a project.
Close Projects Faster — When you offer financing to your customers through EnerBank, you’re more likely to close the project, and can secure funding in one visit. Plus, when approved for a loan with us, a customer is 94% more likely to complete the job with you*.
Potential for Business Expansion — By empowering your customers to pay for their home improvement projects, you open the door to a greater variety of customers and projects. This leaves space for growing and expanding your business with more projects at a higher price point.
*Based on the Bain Report commissioned by EnerBank USA, 2017.