Why Choose Financing from Enhancify?

From now on, 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 and dismiss all doubts.

Offer clients the best options and get from $50 for each job

Our main goal is to offer the most profitable financial solutions both for contractors and homeowners. Look at the benefits you will get once you start offering financing to your customers in partnership with Enhancify compared to Synchrony.

Enhancify VS Synchrony:
Which Contractor Financing Program is the Best?

 

Enhancify

Synchrony*

Merchant Fees
(also called "Dealer" or "Transaction" Fees)
No Yes.
4-15% fee per job
Average Transaction Fee
(percentage paid by contractor for each job)
No fee ~6.50%
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
(Get paid commissions on each job financed)
Yes - Commissions Paid on Each Job No
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)
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
45% of Approved Loans have a 720+ FICO Score
81% of Approved Loans havea 660+ FICO Score
Only Serve Top Credit Homeowners
Business History Restriction New Businesses Welcome N/A
Financing Amount Limits up to $100,000 N/A
0% Promotional Deferred Interest Rates
(Specific terms and conditions subject to credit approval.)
Yes Yes
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 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 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.
Hidden Fees 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*

Merchant Fees
(also called "Dealer" or "Transaction" Fees)
No
Yes.
4-15% fee per job
Average Transaction Fee
(percentage paid by contractor for each job)
No fee
~6.50%
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
(Get paid commissions on each job financed)
Yes - Commissions Paid on Each Job
No
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)
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
45% of Approved Loans have a 720+ FICO Score
81% of Approved Loans havea 660+ FICO Score
Only Serve Top Credit Homeowners
Business History Restriction
New Businesses Welcome
N/A
Financing Amount Limits
up to $100,000
N/A
0% Promotional Deferred Interest Rates
(Specific terms and conditions subject to credit approval.)
Yes
Yes
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 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 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.
Hidden Fees
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 is here to help you increase your revenue. We outbid competitors and surpass all expectations by giving flexible options for contractors and homeowners.

  • No Dealer Fees Ever

    Now you can gain more, since you won't have to pay additional fees for offering financing to your customers. Net profit only.
  • Get $50 for Every Closed Job

    Have more closed jobs plus get paid for those. Have commissions starting at $50 paid every time a homeowner gets financing.
  • Beneficial Yearly Plan

    Pay once a year and forget about any charges for the next 12 months. Focus on your work, we will do the rest.
  • Low APR Financing Options

    Let your customers avoid huge interest with same-as-cash and low APR offers. Homeowners get financing on favorable terms, you get money for your work quickly.
  • Customized Branded Page

    Build your own co-branded landing page with your logo. Receive exclusive links and banners for online promotion.
  • Real-Time Notifications

    Stay informed throughout the whole application and approval process. Receive emails with detailed information on each step.
  • Soft Pulls

    Soft Pulls Applying for loans won't affect your customers' credit scores. Let them enjoy a vaiety of top deals with no hard pull.
  • Earn $200 for Referred Friends

    Invite friends through your unique referral link and earn $200 for every contractor that uses Enhancify for more than 30 days - with no caps.
  • Monthly Payment Calculator

    Give your customers access to our Payment Calculator to estimate monthly payments for their projects. Quickly and easily.

Have questions or need help? Contact us at 813-499-9879.

*Synchrony is a 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.