Finance

What is Consumer Financing?

Consumer financing refers to when businesses provide financing options to their customers through third-party financial institutions.

Why Should My Business Offer Consumer Financing?

Offering consumer financing can help your business stand out in a competitive market by making it easier for customers to say yes to larger, necessary expenses. In addition, consumer financing can provide your business with:

• Increased customer purchasing power

• Higher closing rates on deals

• Larger average transaction sizes

ADO Pro Buyers Consumer Financing Partners

Through our network of trusted financial institutions, including Synchrony, GreenSky, and Fortiva, we’ve curated a range of financing products designed to meet the specific needs of various projects. These options include flexible installment loans and special promotions, such as Synchrony’s popular 6-month, no-interest, no-payment offer. By providing your customers with easy financing options, you can enhance sales and customer satisfaction.

Here’s a look at our partners and the financing solutions they offer:

BuyFin

BuyFin provides simple and efficient financing options tailored for contractors in the home services industry. The process is straightforward:

• Sign up for BuyFin and customize your rate sheet

• Send loan applications to customers via text or email

• Instant decisions allow for immediate payment requests

BuyFin offers several benefits for contractors, including:

• Staged funding options

• A fully digital application process

• Same-day ACH payments

Synchrony

Synchrony offers a comprehensive financing program for businesses, allowing your customers to pay for home improvement projects over time. With Synchrony, you’ll enjoy:

• Plans designed to boost your business’s profitability

• Convenient financing at your fingertips

• Complete transparency, with no hidden fees

• Reliable, responsive support

• Flexible repayment plans with terms of up to 180 months

All loans are unsecured personal loans issued by Synchrony Bank, Equal Housing Lender, and are subject to credit approval.

GreenSky

GreenSky offers your business many benefits through its consumer financing solutions, designed to help you close more deals and satisfy your customers. Their options include:

• Deferred interest plans

• Credit limits up to $100,000

• Flexible plan options to meet the diverse needs of your customers

Delight Your Customers with Ease:

• Easy process: Customers can select their plan

• Paperless: Simple application via mobile app or phone

• Fast: Instant credit decision

Speed and Efficiency:

• Instant credit decisions upon application submission

• Immediate funding initiation after authorization

• Use the GreenSky Merchant Portal to process progress payments within your funding limits

Fortiva Retail Credit: Second Look Funding

If your customers don’t qualify for financing through your primary financing partner, ADO Pro Buyers offers second-look funding through Fortiva Retail Credit. Fortiva allows your business to:

• Approve customers with FICO scores below 500

• Receive ACH payments within 24-48 hours

• Finance amounts with no minimum required

• Offer credit lines ranging from $5,000 to $20,000

Fortiva also provides deferred interest options, affordable monthly payments, and no prepayment penalties, ensuring your customers have access to a wide range of flexible financing options.

By partnering with ADO Pro Buyers and our financing solutions, you can increase sales, improve customer satisfaction, and grow your business with ease.