Customer Financing: Enhancify or EnerBank USA®?
Why Choose Financing from Enhancify?

Choosing a beneficial financing option may be challenging. To help you make the right choice, below we compare the key features of two popular financing programs for contractors, Enhancify and EnerBank USA®*.

Start closing more jobs and maximize your profit with Enhancify Financing
.

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.

No Dealer Fees Ever

0% Financing Option with No "Add-Ons"

Up to $650 commissions for Each Closed Job

30-Day Results Guarantee

Customized Branded Page

Real-Time Notifications

Education, Training & Specialized Support

$200 Bonus for Referred Friends

Monthly Payment Calculator

Beneficial Yearly Plan

Mobile Friendly

Get Funded Within 2-3 Days

Show All Benefits

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Why Enhancify is Better than EnerBank USA®?
Calculate Your Profit.

No Dealer Fees, up to $650 Commission for Each Closed Deal, and $200 for Referrals

You don't pay any fees, but earn commission each time a customer gets financing and $200 for invited contractors

Added Fees for All Financial Projects and Qualifications that You Must Meet to Offer Financing

You pay fees for each transaction and earn no commissions for your job

 

Enhancify

EnerBank USA®*

No additional transaction fees
(Also called "dealer" or "merchant" fees)
$4.95 fee per transaction
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
Unlimited financing Added fees apply
for all financed projects
Rates as low as 7.99% 1.99% (for solar loans)
Soft pull on credit
FICO Scores served Support full spectrum of homeowner credit:
550 - 850 FICO.
Serves all Homeowners
680 - 850
Business history New businesses welcome 3+ years in business
Business revenue Growing businesses welcome Minimum of $500,000 in annual residential sales
Financing amount limits Up to $200,000 Up to $65,000
0% promotional deferred interest rates
(Specific terms and conditions subject to credit approval)
Average loan amount $12,500 $10,000
Term length Up to 12 years Up to 20 years (for solar customers)
Marketing materials
Training & support
Electronic, paperless process
States served All states 50 States
Company 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
$1,149 / $1,749 / $2,299
Contractors pay fees to bring homeowner customers to EnerBank.
Revenue also collected through interest on loans
Solar financing available No Yes

Enhancify

EnerBank USA®*

No additional transaction fees
(Also called "dealer" or "merchant" fees)
$4.95 fee per transaction
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
Unlimited financing
Added fees apply
for all financed projects
Rates as low as
7.99%
1.99% (for solar loans)
Soft pull on credit
FICO Scores served
Support full spectrum of homeowner credit:
550 - 850 FICO.
Serves all Homeowners
680 - 850
Business history
New businesses welcome
3+ years in business
Business revenue
Growing businesses welcome
Minimum of $500,000 in annual residential sales
Financing amount limits
Up to $200,000
Up to $65,000
0% promotional deferred interest rates
(Specific terms and conditions subject to credit approval)
Average loan amount
$12,500
$10,000
Term length
Up to 12 years
Up to 20 years (for solar customers)
Marketing materials
Training & support
Electronic, paperless process
States served
All states
50 States
Company
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
$1,149 / $1,749 / $2,299
Contractors pay fees to bring homeowner customers to EnerBank.
Revenue also collected through interest on loans
Solar financing available

Data collected on May 2024

Have questions or need help? Contact us at support@enhancify.com

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*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 April 2024. All reasonable efforts are made to keep information up-to-date. Information is presented without warranty.

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