Point-of-Sale Financing for Contractors

Many of the contractors that use the Lend Home improvement waterfall - offer financing at the point of sale.    More often than not,  this means at the kitchen table - which in this case,  is the Point of Sale

• Point-of-sale financing lets customers apply for project funding during the sales appointment, not days later.
• Low FICO scores, high debt-to-income ratios, and thin credit files are the top denial factors.
• Relying on one lender limits the credit tiers you serve and reduces your overall approval rate.
• Lend Home Improvements connects contractors to multiple lenders through a single application, reaching an 80%+ approval rate.
• A multi-lender approach covers SuperPrime, Prime, and Subprime tiers so fewer customers are turned away.

Point-of-sale financing is a funding option that lets your customers apply for financing during your sales presentation or estimate appointment. Instead of directing homeowners to a bank on their own, you offer the application on the spot.

The customer completes a short digital application, receives a decision quickly, and can move forward with the project the same day. For contractors, this removes the gap between the sales conversation and the funding decision, which is where many signed deals are lost.

While many choose to offer financing at the point of sale.   Other Lend Home merchants/contractors prefer to have customer pre-qualify before scheduling an appointment.