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

Want to know more about Enhancify's 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.

Average Dealer Fees ≈ 11.72% and No Commissions for Closed Jobs

You 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

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

Data collected on February 2022

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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 February 2022. All reasonable efforts are made to keep information up-to-date. Information is presented without warranty.