As a contractor, there’s really no reason not to offer contractor financing. There are some challenges to keep in mind, but ultimately, contractor financing can help your business make huge gains.

First, financing can help you get more (and larger) jobs. Often, when contractors deliver bids for projects, they shock or even scare customers who aren’t expecting the high cost associated with larger jobs. The customer might decide not to complete the project at all. As a contractor, being able to offer multiple affordable financing solutions is a major win.

Of course, you’ll see your close rates increase, too. You might be able to offer financing options with more affordable monthly payments, helping homeowners find solutions that fit their budgets. Because of this, it might be possible for you to up your work price, as customers will be less focused on the overall cost.

When customers are shopping around for contractors to complete major home renovation projects for them, they often look for those that offer the most seamless services and the friendliest customer service. Here are a few benefits of contractor financing for your customers – and again, a few challenges to keep in mind.

For one, many contractor financing options offer better deals and more payment flexibility. Contractors who are used to working with home improvement loans know what to look for and where. Many contractors can provide financing options with terms for up to 12 years along with sweet deals like payment deferral and no early pay-off penalties.

Customers who choose contractor financing benefit from lower interest rates, more flexible repayment terms, and many other options that they might not get if applying for loans on their own.

If you’re a contractor looking for financing options for your customers, you should give TGUC a try. At TGUC Financial, we make it a point to offer the best and most affordable home improvement loans. As a contractor, you can use TGUC to estimate your project cost and get rates for the clients you work with.

And as a homeowner, you can view competitive loan options and search a database of TGUC Financial-approved contractors in your area.

When you become a TGUC contractor, you’ll get TGUC-generated leads at no cost to you. All you have to do is complete your enrollment information, provide your territory zip codes, and enter which types of projects you’d like to receive leads for.

To become a TGUC contractor, you’ll need to have solid references and a clear background check. You must also be insured and bonded. Of course, you must be licensed in your industry, too.

In exchange, you’ll be able to offer your customers access to all TGUC Financial financing services.

As a contractor, there are a few different ways you can go about offering financing to your customers.

You can provide in-house financing, but this can be risky. Although in-house financing can be profitable and a bit more seamless, since there’s no third party involved, you’ll want to consult with a financial professional to make sure it’s actually worth that risk.

Offering a payment plan is one example of in-house financing, but it’s a bit less risky than all-out financing.

It’s usually preferred to leave your financing up to a third-party lender. That way, you don’t have to assume any risk of financing or payment plans.

Of course, one of the easiest ways to do this is to offer funding through TGUC Financial. You’ll be able to secure larger contracts and you’ll get paid 100% of the time. You can also provide your customers with savings via special product discounts.

Offering financing is an easy way for you to close more jobs as a contractor and to give your customers exactly what they need.

Consider offering customer financing through TGUC Financial today. You’ll be able to fund, complete, and close the job successfully, and leave hundreds of happy customers singing your praises.

Increase revenue up to 36%. . . visit TGUC to become eligible to offer home improvement financing for customers!