Customer Financing: Enhancify or Synchrony?
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 Synchrony*.

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

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.

No Dealer Fees Ever

0% Financing Option with No "Add-Ons"

Min $50 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 Synchrony?
Calculate Your Profit.

No Dealer Fees, up to $375 Commission for Each Closed Deal, and $200 for Referrals

You don't pay any fees, but earn >$50 commision each time a customer gets financing and $200 for invited contractors.

Unduly High Fees and Requirements with No Commissions for Financed Jobs

You pay a transaction fee between 4-15% for each project, plus a fee for new homeowner customers while losing around 32.5% of the profit margin on average.

 

Enhancify

Synchrony*

No Additional Merchant Fees 4-15% fee per job
No Additional Transaction Fee Average fee of 6,5%
Impact on Business Profit Margin
(assuming 20% profit margin for the average roofing business and average transaction fee)
20% Profit Margin stays 20%
Profit Margin protected.
20% Profit Margin becomes 13.5%
Lose around 32.5% of profit margin on average.
Commissions
On every job financed
$50 - $375 For Each job
Unlimited commissions
Ease of Use 60 second application.
Fully digital, fast, and simple for you and homeowner.
Multiple forms, documents, and "sale slip" to fill out and store. Must learn and use Synchony's multi-step platform.
"Private label" credit card must be issued in 1-5 business days, which must then be processed (additional credit card processing fees)
Soft Pull on Credit Soft Pull Pre-Approval
(Protects customers' credit scores)
Hard Pull Credit Inquiry
(Lowers customers' credit scores)
FICO Scores Served Serve All Homeowners
550 - 850 FICO
Support full spectrum of homeowner credit
45% of Approved Loans have a 720+ FICO Score
81% of Approved Loans havea 660+ FICO Score
Only Serve Top Credit Homeowners
Business History New Businesses Welcome
Financing Amount Limits up to $100,000
0% Interest Financing
Term Length up to 84 months up to 132 months
Marketing Materials
Training & Support
Electronic, Paperless Process
States Served 48 States
(not including WV and CT)
50 States
Company Built from the ground up by small business owners and former contractors in response to traditional financing taking advantage of contractors. Bootstrapped - funded by community word of mouth. Publically traded, multi-billion-dollar corporation with over 16,500 employees. Started in 1932.
Company Business Model Simple annual membership fee ($999 / $1,499 / $4,999).
Enhancify does not earn revenue through interest on loans.
Largest private label credit card provider in the US. Contractors pay fees to bring homeowner customers to Synchrony.
No Hidden Fees "Activation Fee" of $29 charged to your customer
Unlimited Financing Included in Membership Transaction Fee For Each Project
Industry Focus Home Improvement "Apparel, Electronics and Appliances, Home Furnishings, Automotive, Power Products and Sports, Jewelry and Luxury, other Retail, Elective Healthcare Procedures and Services, and more."

Enhancify

Synchrony*

No Additional Merchant Fees
4-15% fee per job
No Additional Transaction Fee
Average fee of 6,5%
Impact on Business Profit Margin
(assuming 20% profit margin for the average roofing business and average transaction fee)
20% Profit Margin stays 20%
Profit Margin protected.
20% Profit Margin becomes 13.5%
Lose around 32.5% of profit margin on average.
Commissions
On every job financed
$50 - $375 For Each job
Unlimited commissions
Ease of Use
60 second application.
Fully digital, fast, and simple for you and homeowner.
Multiple forms, documents, and "sale slip" to fill out and store. Must learn and use Synchony's multi-step platform.
"Private label" credit card must be issued in 1-5 business days, which must then be processed (additional credit card processing fees)
Soft Pull on Credit
Soft Pull Pre-Approval
(Protects customers' credit scores)
Hard Pull Credit Inquiry
(Lowers customers' credit scores)
FICO Scores Served
Serve All Homeowners
550 - 850 FICO
Support full spectrum of homeowner credit
45% of Approved Loans have a 720+ FICO Score
81% of Approved Loans havea 660+ FICO Score
Only Serve Top Credit Homeowners
Business History
New Businesses Welcome
Financing Amount Limits
up to $100,000
0% Interest Financing
Term Length
up to 84 months
up to 132 months
Marketing Materials
Training & Support
Electronic, Paperless Process
States Served
48 States
(not including WV and CT)
50 States
Company
Built from the ground up by small business owners and former contractors in response to traditional financing taking advantage of contractors. Bootstrapped - funded by community word of mouth.
Publically traded, multi-billion-dollar corporation with over 16,500 employees. Started in 1932.
Company Business Model
Simple annual membership fee ($999 / $1,499 / $4,999).
Enhancify does not earn revenue through interest on loans.
Largest private label credit card provider in the US. Contractors pay fees to bring homeowner customers to Synchrony.
No Hidden Fees
"Activation Fee" of $29 charged to your customer
Unlimited Financing
Included in Membership
Transaction Fee For Each Project
Industry Focus
"Apparel, Electronics and Appliances, Home Furnishings, Automotive, Power Products and Sports, Jewelry and Luxury, other Retail, Elective Healthcare Procedures and Services, and more."

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

*Synchrony is a registered trademark of Synchrony Bank. Enhancify.com is not affiliated with Synchrony 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.