When you offer financing solutions to your customers, you are improving their spending power while making your goods and services more affordable. A customer who may be on the fence about moving forward on that new home improvement project can come to a quicker decision to have you proceed with the work, putting more revenue into your business.
*varies by vertical market
Make it Easy and Simple for your field service company to increase sales and grow revenue.
Our network of third-party lenders is ready to help your business succeed by offering some of the most innovative financing solutions to empower your customers to realize their home improvement repair and replacement projects.
A key benefit of working with Fund My Contract is the ability to offer multiple lending options to fit a customer’s specific preference for financing the work they need performed by your contracting business.
Most of your customers simply can’t afford to cover the costs of the work in cash. So while they may want to install whole new hvac systems in their homes, paying for the work in one lump sum is beyond their capacity. That leads to price objections and waiting games that have your customers putting the work off to some later date which may or may not ever come to pass. As a result, your business fails to generate any revenue which hurts your bottom line and slows growth and expansion.
Home service contractors who provide financing solutions to their customer base can make their products and services more affordable because the customer is no longer faced with an expensive bill that falls well out of their monthly budget. But when you partner with a nationally licensed finance provider like Fund My Contract, you can calculate the financing options that best meet your customers’ financing needs by giving them a choice of paying for the work over a series of low monthly payments at flexible terms with low, promotional interest rates (for qualified customers).
Fund My Contract is the fast, easy way to provide HVAC financing options to your customers
When customers are buying your products and services, there’s no need to reduce prices and lower your rates to attract business. Unfortunately, too many failing service home improvement contractors will look for ways to bring in new customers with desperate sales methods and gimmicks that are typically centered around dropping their prices.
What these contractor managers fail to realize is that lowering your prices doesn’t lower your costs and drastically reducing your rates only cuts deeper into profit margins that are already threadbare. The result isn’t renewed success but accelerated failure that drives the contractor out of business much quicker.
But when you offer financing solutions to your customers instead, you can keep your profit margins healthy and set higher price thresholds on your goods and services because you’re giving your customers more options for paying for the work they need. That’s how you stimulate business growth.
When you go out on a service call to one of your customers’ premises, you don’t want to leave before you’ve made a sale. But when the customer has to pay for the work in full at the time of the transaction, it can make the customer hesitant and, chances are, you’re leaving without making that sale.
But working with a service finance company like Fund My Contract, your service technicians view offers with the customer, calculate financing options, and with fast loan approval, your customer can give you the greenlight to start the work.
Without financing options at your disposal, you’re risking the chances of a service call becoming little more than just that. Think of the time and money you’re expending on a call to a customer’s home.
Invest those resources more wisely by ensuring that every service call turns into a successful sales opportunity by partnering with a field service finance company like Fund My Contract.
When a homeowner knows he or she has access to financing options, there are fewer concerns over the cost of a project. That’s because when you offer financing solutions to your clientele, you’re reducing the barriers to conversion that might exist due to cost.
Now, with financing plans that fit the customer’s needs, you are making it easier for the customer to overcome those barriers because the costs can be split up over time. That puts the customer at ease, allowing him or her to purchase the products and services they want from your business.
Best of all, once the customer is approved for the financing necessary to cover the costs of the work, your business gets paid in full, upfront, once the work is completed and the bill is due. No more chasing down late paying customers on unpaid purchase orders and work invoices. You’re not a collections agent, why spend your time trying to collect outstanding balances when you could be focusing that time on growing your business.
Working with Fund My Contract improves cash flow because you generate revenue faster with quicker customer decisions and faster payments at the time services are rendered.
Why wait to succeed? Why put off robust business growth when you can enjoy those gains right now with Fund My Contract. Reach out to one of our service finance experts today to learn more about the financing solutions our network to third party lenders can offer your contracting business. More home service contractors are turning to Fund My Contract because they want to make their goods and services more affordable to a wider range of customers. Low payments and flexible terms make it easier to fit home improvement project costs into any monthly budget.
Let’s talk about growing your business faster with financing options through Fund My Contract.