How do I apply to offer financing? Is there any paperwork involved?
You can sign up directly on this sign-up page, or you can schedule a demo call with one of our Credit for Comfort representatives. Once the call is completed, they will send you the sign-up form, which has all the necessary fields to get your application started with each one of our financing partners. Once you're approved to offer financing with at least one of our lenders and completed your training and registration, you'll be able to email or text your customers their financing application so they can fill it out from their own device, making the whole process 100% paperless. However, outside of the consumer application flow, you should collect a standard signature proving that the customer agrees to pay for your services. The format of this signature will be clarified by the different finance partners during your training.
What is Prime financing?
Prime financing is a loan category given to borrowers who have good to excellent credit scores. Generally, prime loans are the most competitive loans with the lowest interest rates.
What is Second Look financing?
Second Look financing refers to a loan that is offered to consumers who do not qualify for Prime loans but are just below the credit score threshold required by Prime lending.
What is PACE financing?
Property Assessed Clean Energy (PACE) enables low cost, long-term financing for a variety of energy efficiency, renewable energy, water conservation, storm protection and seismic improvements. PACE financing is repaid as a special assessment/tax on the property’s regular property tax bill and can be used for improvements on commercial and residential properties. The special tax/assessment is secured by a continuing lien on the property.
What types of products and services qualify for financing?
All products, installations, warranties, visit fees, and other services.
How much does each transaction cost me per lender?
With GreenSky and Fortiva, there is a merchant fee or dealer discount associated with each rate. This number is a percentage of the amount being financed, so the amount itself varies with each transaction. Ygrene has no fees.
What is Commercial financing?
Commercial financing is a type of HVAC/R business loan that funds commercial jobs and larger projects, including restaurants, educational institutions, medical offices and facilities, retail shops, non-profits, and more.
What types of products and services qualify for commercial financing?
Commercial loans any items needed for an HVAC commercial job and can include crane rental, duct work, installation, and any other equipment needs. Our commercial lender partner lets your customers bundle all these project needs into one affordable payment.