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 results-guarantee period.
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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 ≈ 6.82% and No Commissions for Closed JobsYou pay a fee each time you run a transaction and earn no commissions for your job. |
Enhancify |
GreenSky Finance* |
|
|---|---|---|
| Transaction Fees (also called "Dealer" or "Merchant" Fees) |
No | Yes |
| Average Transaction Fee (percentage paid by contractor for each job) |
No fee | 6.82% of Job Financed (average) |
| Impact on Business Profit Margin (assuming 10% profit margin for the average roofing business) |
10% Profit Margin stays 10%
Profit Margin protected. |
10% Profit Margin becomes ~3.18%
Loss of 68.2% of profit margin |
| Commissions (Get paid commissions on each job financed) |
$50 - $375 For Each Job Unlimited Commission |
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 |
37% of approved loans over 780 FICO 85% of approved loans over 700 FICO 3% of approved loans below 660 FICO Weighted Average FICO Score for Approved Loans: 758 |
| Restrictions To Get Started | New Businesses Welcome | 2 Years of Business History |
| Financing Amount Limits | up to $100,000 | up to $65,000 |
| 0% Promotional Deferred Interest Rates (Specific terms and conditions subject to credit approval.) |
Yes | Yes |
| Term Length | 84 months | 120 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. | Publically traded, multi-billion-dollar corporation with over 1,000 employees. Started in 2006. |
| Company Business Model |
Simple annual membership fee $999 / $1,499 / $4,999 |
77% of Total Company Revenue comes from charging contractors transaction fee on each job financed |
| Unlimited Financing | Included in Membership | Transaction Fee For Each Project |
| Industry Focus | Home Improvement | Home improvement, Elective Health Care, Retail, E-Commerce |
Have questions or need help? Contact us by support@enhancify.com.
*GreenSky is a registered trademark of GreenSky, LLC. Enhancify.com is not affiliated with GreenSky Finance 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.
