If you’ve decided to begin offering your customers financing, you may still be wondering what that’s going to look like. After all, you’re likely in a business that’s completely different from the world of financing. While it may seem overwhelming to step into this new facet, the truth is, it doesn’t have to be.
When offering your customers financing options, there are a few key things to keep in mind. First and foremost, you’ll want to make sure that the process is as efficient and simple as possible. After all, no one wants to jump through hoops just to get financing. Here are a few things to consider when offering your customers financing.
Level of Involvement in Offering Your Customers Financing
It’s probably safe to say that most contractors aren’t looking to branch out into doing financing on the side. Typically, people find their niche and stick with something in that realm. While you certainly can take care of the paperwork side of things yourself, doing so is time consuming and comes with a lot of added responsibility.
That’s why you can partner with HFS Financial to make the process easier for you. Contractors have the option of partnering with financing experts like HFS Financial who offer loan options for the contractor’s clients. This is about the simplest and most efficient way to offer your customers financing.
Efficiency
Customers come to you to realize a dream. They’re looking to upgrade their living experience in some way, and most don’t want an extended wait time. Providing home improvement financing is a big draw for potential clients who can’t afford the costs out of pocket. But if the approval wait time is long, they may get frustrated and go elsewhere. Be sure that the financing process you choose doesn’t take a lot of time.
At HFS Financial, we can help with that. We offer industry-leading loan terms and fixed rates, so we can work with your clients to find the best financing solution for their individual project.
Simplicity
Many customers imagine the action of applying for home improvement loans to be a complex one. As a contractor, you don’t want clients to get scared off before they even get started. You need a financing path that is easy for your customers.
When offering your customers financing options, HFS Financial makes the process easy and straightforward. This will help to avoid any intimidation factor and make it more likely that your customers will choose to go through with the purchase or project. The prequalification process is quick and easy to complete so that customers can get started on their home improvement projects as soon as possible.
Offering Your Customers Financing
Are you ready to open up the options for your prospective clients? It couldn’t be easier to get started with HFS. With decades of experience connecting people to the right financing options, you can trust us to be there for your clients. We live by our motto, “You Dream It, We Finance It.” Find out more on how you can build the best business strategy with HFS Financial or contact us today to start your contractor partnership.