Man with money raining down
  • LinkedIn
  • Twitter
  • Pinterest
  • reddit
  • Facebook
  • Evernote

  • LinkedIn
  • Twitter
  • Pinterest
  • reddit
  • Facebook
  • Evernote
It probably won’t really rain money if you start offering financing for projects, but this solution promises to make the process easier and quicker. This is not the contractor named in the post. (Copyright: palinchak / 123RF Stock Photo)

When Charles Clemons with Bath Fitter of Chattanooga went looking for a loan partner to qualify customers on the spot, he wanted a company that didn’t have a lot of hassles and one that would help him close business with three major categories of customers.

He ended up with GreenSky, a firm offering point of sale financing. Contractors can use their mobile devices to give customers financing from GreenSky right on the spot. GreenSky offers several loan plans that address the categories of customers Clemons says he often deals with:  zero interest buyers, payment buyers and those with credit hiccups.

Typical projects where contractors use GreenSky financing include home improvements, remodeling, roofing, HVAC, siding, solar, electrical, decks and patios. The company has originated more than $2 billion in project funding and currently serves companies of all sizes, including large companies such as Home Depot. GreenSky claims its application and funding process is the fastest in the industry and it doesn’t require merchants to do anything differently than they already do everyday. Consumers get an easy application and funding process that offers flexible terms, convenient payment options and no prepayment penalties.

Contractors can enroll for free and then they pay a fee when customers take out a loan. It takes less than 24 hours for contractors to be vetted and the consumer application and funding process takes less  than a minute. GreenSky claims that “promotional aspects make the loan terms better than what the consumer can receive from most other lenders. Contractors can select from a menu of loan products to offer their customers.”

Besides point of sale, consumers can apply online and by phone as well.

 

Pin It on Pinterest

Share This