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Financing Improves Sales for Contractors: Here’s Why

In today’s world, expenses are constantly on the rise. Budgets can be stretched not only by the rising cost of living but also by unexpected expenses, necessary purchases, and desired upgrades. Fortunately, financing can help us manage these expenses.

Financing Improves Sales for Contractors: Here’s Why

In today’s world, expenses are constantly on the rise. Budgets can be stretched not only by the rising cost of living but also by unexpected expenses, necessary purchases, and desired upgrades. Fortunately, financing can help us manage these expenses.

A young couple at a desk sitting across from a contractor shaking hands
Blog Article
May 16, 2023
5 min read

In today’s world, expenses are constantly on the rise. Budgets can be stretched not only by the rising cost of living but also by unexpected expenses, necessary purchases, and desired upgrades. Fortunately, financing can help us manage these expenses. Homeowners often turn to financing when undertaking home improvement projects so they don’t have to pay the total cost upfront. Well-planned renovations or upgrades can improve a home’s functionality, comfort, and value. Offering financing options can make life easier for contractors while also providing customers with the flexibility to enhance their homes in a way that fits their budget.

Including Financing Options Can Benefit Your Sales Reps and Attract More Customers

As a contractor, you may have heard the misconception that offering financing requires extra time and effort. Well, Momnt debunks that myth! Indeed, you shouldn’t have to spend valuable time reviewing loan applications when sending out a bid. However, you can still offer great financing options. It can be easily integrated as a simple way to provide customers with options and satisfy their needs. With Momnt, it’s seamless to include financing options with your bids, saving your sales reps from extra work while providing prospects with a more comprehensive and appealing proposal.

Get Everything You Need in One Place: Our Industry-Leading Platform

Navigating software that feels impersonal and difficult to sort through can be overwhelming. But rest assured that Momnt is different. Momnt is an industry-leading financial services technology platform that offers an embedded lending solution that’s simple, fast, and affordable. Our user-friendly platform lets your customers easily select budget-friendly solutions with just a few clicks. Customers can even get approved for financing simply after filling out a quick application on their device. This process helps customers feel empowered to make their own decisions, just like they did when choosing you as their contractor. We also believe in providing a personalized and human touch to the lending process, so you can confidently move forward, knowing that you and your customers are in good hands.

Set Yourself Apart From The Competition

Borrowing money may come at a higher price, but offering financing doesn’t have to be costly for contractors. With a variety of options available, such as banks and credit unions, it’s easy to feel like offering your own financing isn’t worth it. However, it can be one of the most powerful ways to grow your business and set yourself apart. Don’t let the idea that “everyone else is doing it” discourage you – offering financing can be what gets your contracting business to another level.

Grow Your Contractor Business with Momnt Contractor Financing

To increase your chances of hearing “yes” more often, it’s crucial to use tools to help your customers access simple, affordable, and reliable payment options. That’s where Momnt Contractor Financing comes in. We’re dedicated to providing attractive loan products, an industry-leading personalized platform, and the support you need to help your customers and grow your business. We’re excited to see you succeed and are here to help every step of the way.

Take advantage of the opportunity to close more sales and build stronger relationships with your community. Contact us today by filling out this form to schedule a demo and learn how we can help you grow your contractor business with financing.

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