Overview:
- Enhancify is a financing marketplace that partners with over 30 trusted lenders to provide homeowners with affordable payment solutions.
- Getting started with Enhancify is easy - just fill out the online form, choose from three annual plans and start offering customers unlimited payment options with no dealer fees.
- As a contractor, you will get increased sales, opportunity to upsell, unlimited commissions for every financed customer and an opportunity to earn referral commissions.
- As a customer, you will benefit from a paperless application with a soft credit check, flexible loan amounts and options like 0% APR promotional financing.
Enhancify is a fintech platform designed to make financing simple and accessible for home improvement professionals and businesses. We help contractors to find the right lending solutions for their customers, creating value for both contractors and homeowners.
From the very beginning, our mission has been to make financing fast, easy, and effective. With this in mind, Enhancify streamlines the entire process, giving your business a convenient, all-in-one solution so you can focus on what matters most: getting the job done and growing your business.
Below, we'll go over what you need to know about Enhancify:
- How Does Enhancify Financing Work
- Getting Started with Enhancify Financing
- Key benefits of using Enhancify for contractors
- Key benefits of Enhancify for customers
How does it work?
Enhancify is a financing marketplace that partners with over 30 trusted lenders to provide homeowners with affordable payment solutions and flexible interest rates. Customers seeking their project financing can use your digital link to complete a quick online application and instantly receive their personalized loan offers, including low or 0% interest options.
The process involves a soft credit check that does not affect their credit score. They can review and compare terms, rates, and loan amounts to select the option that best suits their needs. If approved, they can get funded as quickly as the next business day.
How to start offering financing with Enhancify?
Getting started with Enhancify is easy. Subscribe as a contractor by filling out the online form, and one of our managers will reach out to you to set up a co-branded page for your business.
You can choose from three annual plans: Self-Service ($1,249/year), Professional Growth ($1,749/year), or Concierge ($4,999/year). For a detailed breakdown of each plan's features, please visit our Pricing & Plans page. An annual membership allows you to offer customers unlimited payment options while avoiding per-transaction and dealer fees.
Enhancify also provides comprehensive support and personalized training to help you promote financing options to existing and prospective customers. We'll guide you on how to market and sell financing effectively and provide all the marketing and advertising materials that are customized to your business. Plus, our e-book offers step-by-step guidance on how to offer financing to your customers, including some email and text templates to get started.
These tools and resources are designed to increase customer engagement, drive their awareness, and give your business a competitive advantage, making it easier for your customers to choose financing.
Key benefits of Enhancify for contractors:
- Increased sales: By breaking large expenses into manageable monthly payments, customers are more likely to buy immediately than delay or walk away due to the upfront cost. This approach not only increases your revenue but also provides clients with the convenience of managing all their needs through your company.
- Opportunity to upsell: Offering customer financing gives you an opportunity to upsell additional services. When clients aren't limited by budget, they may opt for additional services, higher-quality materials, or a larger project scope, provided they can afford these extras. Larger projects involve larger budgets and can result in higher profit margins for your company.
- Additional membership benefits: One of the best things about your Enhancify membership is the opportunity to get extra money. You can get unlimited commissions ranging from $50 to $650 for every financed customer. Commissions are paid monthly for verified loans from the previous reporting period once we receive official verification from the lender.
You can also earn unlimited referral commission by sharing your experience and referring contractors-fellows. To be eligible for a referral reward, you need to have an active Enhancify subscription at the time the credit is awarded and use your unique referral link to share with friends. - Your success tracking: When joining Enhancify, you get access to your Control Panel, where you can monitor your progress, customize your Financing Portal page, access marketing materials, update your personal information, and more. Plus, you'll get real-time updates on the status of loan applications submitted through your financing page and their approvals.
Key benefits of Enhancify for customers:
- Fast & easy process: Customers can apply for home improvement financing online by completing a fast, paperless application that allows them to start projects immediately without paying the full amount upfront.
- Soft credit pull: Our lending partners use a soft credit check, along with the basic personal information your customer provides, to assess their creditworthiness. This allows our platform to assist your client in finding loan options without long-term harm to their credit.
- Wide range of loan options and terms: Enhancify provides a wide range of financing options for home improvement and other projects, featuring loan amounts from $500 to $200,000 with terms up to 15 years. Loans are generally personal loans, meaning you do not need to use your home as collateral. Plus, qualified customers may access 0% APR promotional financing for up to 21 months on select offers. Exact loan amounts, interest rates, fees and repayment periods are determined by the lender based on the borrower's creditworthiness once they apply.