Contractors who want to increase the number of upcoming projects on their work schedules will look for all kinds of ways to attract new customers. But the most effective method to help boost sales, increase cash flow, and foster robust business growth is through financing solutions that give customers the opportunity to “buy now and pay later” when it comes to hiring a contractor to perform the services they need.
That’s because most customers can’t afford to pay for home improvement projects in cash upfront. They don’t have access to the funds they need to cover the costs in one lump sum and many of them will decide to wait, putting off the project for weeks or months, even years.
But as a small business owner who works in the construction field, the longer you wait for the customer to decide to proceed with the job, the longer you wait to grow and expand your business. If you wait long enough, you may find yourself out of business altogether.
Home improvement contractors enrolled with Fund My Contract have access to a wide range of enthusiastic lenders with one goal in mind: stimulate faster business growth.
Make it Easy and Simple for your field service company to increase sales and grow revenue.
Fund My Contract is the fast, easy way to provide HVAC financing options to your customers
Your rates are fair and competitive, allowing you to provide customers with high-quality home improvement services and maintain healthy profits. But when you submit an estimate on a job, the customer grows hesitant. Maybe he or she had been grossly underestimating the costs associated with the project and the true dollar figure came as a shock. Perhaps the customer was unprepared to come up with the resources to cover the cost.
Simply put, if your customer can’t afford to pay for the job, he or she will not proceed. That leaves your business in a tight spot and, at the end of the day, you walk away empty-handed while the customer either shops around for a “better deal” from a competitor with lackluster reviews and low ratings or the customer sits and waits until he or she is in a better place, financially.
When you work with a company like Fund My Contract, you can avoid these waiting games by offering contractor financing solutions that feature a range of benefits that gives the customer more choices when it comes time to pay for the work they need you to do. We connect your business with knowledgeable and creative lenders who work to help you develop financing programs that put more spending power into your customers’ hands.
You can offer financing solutions that feature monthly payment terms that split the costs of parts and labor over a series of installments that can fit into any monthly budget. You might present a financing plan that has low, promotional interest rates for customers who qualify to participate in such a program. These low interest rates can be highly motivational for getting customers to take the next step towards fulfilling their dream projects while giving your business the opportunity to generate more income. Some financing programs may be designed to give the customer more time to pay for the funds that are being used to hire your contracting services.
In the end, the customer doesn’t have to take on a large, unexpected expenditure with a one lump sum payment. Financing options allow your customers access to the funding they need to hire your business and see their home improvement projects reach fruition.
Fund My Contract makes the financing process simple and helps to put more revenue into your contracting business at a much faster and more profitable rate. Contractors offering financing solutions that give customers access to more efficient funding through low monthly payments and flexible lending terms can enjoy a wealth of benefits to help them succeed:
Failing businesses in any field will typically take drastic measures to attract more customers. For a construction company, a lack of consistent cash flow can have a disastrous impact on the business as it can be tougher to purchase materials needed for a project and hire subcontractors, all while keeping a healthy profit margin to sustain robust growth in the business. Many contractors will try to reduce their rates to attract more new customers and get the business back on track. But in reality, all that does is drive the business into the ground that much faster. But offering financing to your customers can be a far more effective solution for keeping your business in the black and accelerating growth for the long-term.
Customers want options and they want to know the service providers they hire are the authorities in their chosen field. When you work with Fund My Contract, you can offer financing to your customers in addition to the contracting services you provide everyday. Acting as a one-stop shop for construction work and offering financing options to help pay for that work can give you a leg up in a highly competitive market where customers and their hard-earned money are at a premium. You are already well known and highly appreciated in your area with a sterling reputation for top quality work at a fair price. But if you can start to give your customers the access they need to innovative financing programs that help make your rates more affordable to a wider customer base, you are gaining the competitive edge over the other construction companies in your region.
Speak with one of our contractor financing experts today to learn more about winning larger projects, generating more revenue, increasing sales, and improving customer satisfaction like never before. Our network of skilled lenders have the knowledge and expertise to help you build the best financing programs in the industry. Your customer gets the five-star construction services he or she needs and your business generates the revenue to support faster growth. It’s a win-win situation and you can start winning with Fund My Contract on your side.
Fund My Contract is the fast, easy way to provide HVAC financing options to your customers