Give your customers access to low rates from 13+ reliable lenders plus get commissions starting at $50. Refer friends to earn even more. All with $0 dealer fees. Start today with a no-risk 30-day money-back guarantee.
No Dealer Fees, up to $375 Commission for Each Closed Deal, and $200 for ReferralsYou don't pay any fees, but earn >$50 commision each time a customer gets financing and $200 for invited contractors. |
Average Dealer Fees ≈ 11.72% and No Commissions for Closed JobsYou pay fees for each transaction and earn no commissions for your job. |
Enhancify |
EnerBank USA®* |
|
|---|---|---|
| Transaction Fees (also called "Dealer" or "Merchant" Fees) |
No | Yes |
| Average Transaction Fee (percentage paid by contractor for each job) |
No fee |
5.49% - 17.95% for Most Popular Plans |
| Impact on Business Profit Margin (assuming 20% profit margin for the average roofing business) |
20% Profit Margin stays 20%
Profit Margin protected. |
20% Profit Margin becomes 2.05% - 14.91%
Loss of up to 89% of profit margin |
| Commissions (Get paid commissions on each job financed) |
Yes - Commissions Paid on Each Job | No |
| Homeowner Credit Pull |
Soft Pull Pre-Approval (Protects customers' credit scores) |
Hard Pull Credit Inquiry (Lowers customers' credit scores) |
| Homeowner FICO Scores Served |
Support full spectrum of homeowner credit: 550 - 850 FICO Serves all Homeowners |
Average FICO Score for Approved Loans: 750 Only Serve "Excellent" Credit Homeowners |
| Business History Restriction | New Businesses Welcome | 3 Years of Business History Required |
| Business Revenue Restriction | Growing Businesses Welcome | Minimum of $500,000 in annual residential remodeling sales |
| Minimum Job Size Restriction | $1,000 | $5,000 |
| Financing Amount Limits | up to $100,000 | up to $65,000 |
| Average Loan Amount | $12,500 | $10,000 |
| 0% Promotional Deferred Interest Rates (Specific terms and conditions subject to credit approval.) |
Yes | Yes |
| Term Length | 84 months | 144 months |
| Marketing Materials | ||
| Training & Support | ||
| Electronic, Paperless Process | ||
| States Served |
48 States (not including WV and CT) |
50 States |
| Company Profile | Bootstrapped from the ground up by small business owners in response to traditional financing. Powered by community word of mouth. Started in 2018. | Owned by publically traded, multi-billion-dollar corporation with over 7,000 employees. Started in 2002. |
| Company Business Model |
Simple annual membership fee ($999 / $1,499 / $4,999). Enhancify does not earn revenue through interest on loans. |
Contractors pay fees to bring homeowner customers to EnerBank. Revenue also collected through interest on loans. |
| Unlimited Financing | Included in Membership | Transaction Fee For Each Project |
| Industry Focus | Home Improvement | Home Improvement |
| Solar Financing Available | No | Yes |
Have questions or need help? Contact us by support@enhancify.com.
*EnerBank USA is a wholly owned subsidiary of CMS Energy Corp. Enhancify.com is not affiliated with EnerBank USA® in any way. Information is used for comparative purposes only. Chart comparison is based on publicly available competitor info compiled in May 2020. All reasonable efforts are made to keep information up-to-date. Information is presented without warranty.
