Question for the contractors

[Steven Weidler]

Question for contractors, roofers, HVAC companies, remodelers, auto shops, and home service operators:

How much demand are you seeing right now from customers asking for financing or monthly payment options?

I’ve recently been presented with an opportunity through a well-known bank-backed fintech platform that’s been in the space for years, and I’m curious how valuable something like this actually is in the real world for contractors.

The structure is interesting:
• Customers can finance projects/purchases directly
• Deep credit spectrum approvals
• Contractor gets paid quickly (often within ~48 hours)
• Ability to build points/margin into the deal
• Designed to help close larger-ticket jobs

From the outside looking in, it seems like this could help contractors:
• increase close rates
• increase average ticket size
• reduce cash-flow delays
• stop losing jobs over upfront cost objections

But I’d rather hear from the people actually in the trenches.

Is customer financing becoming a “must-have” for contractors now?
Or is it still more of a luxury add-on?

Would genuinely appreciate feedback from anyone actively using financing platforms in their business today.

[Alan F.]

34 year MEP contractor here, no we do not do 3rd party financing. I offer net billing to industrial customers after a credit & background check. Residential customers aren't worth the risk.