Give your customers access to low rates from 30+ reliable lenders plus get up to $650 commissions for each closed deal. Refer friends to earn even more. All with $0 dealer fees. Start today with a no-risk 30-day results-guarantee period.
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No Dealer Fees, up to $650 Commission for Each Closed Deal, and $200 for ReferralsYou don't pay any fees, but earn commission 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 On every job financed |
Earn up to $650 per funded deal Unlimited commissions |
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 |
Minimum FICO Score: 680 |
| 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 $200,000 | 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 | 12 years | Up to 20 years |
| Marketing Materials | ||
| Training & Support | ||
| Electronic, Paperless Process | ||
| States Served | 50 States | 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 / $1,999). 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 |
Data collected on February 2022
Have questions or need help? Contact us at 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 February 2022. All reasonable efforts are made to keep information up-to-date. Information is presented without warranty.
