Building Your Spray Foam Business Through Financing

CORAL SPRINGS, FL – January 17, 2017 – Picture this common scenario: You are a homeowner in dire need of having spray foam installed in your house. However, you don’t have the cash or the funds to pay in full for the application, so you get denied and you are stuck with an energy-inefficient home for a long period of time. How long will it take to raise the money for the application, if ever? Shouldn’t there be a better way or option for homeowners so that they can get their homes insulated without the financial strain? There is, through home improvement financing and companies such as Contractor Financing LLC that provide this service.

Simply explained, Contractor Financing LLC provides the financial backing to contractors so they can, in turn, give their customers the option of getting the home improvement work done in their home when they need it, while paying for the job in manageable monthly payments. Furthermore, the SPF contractor becomes the middle entity that connects the homeowner to Contractor Financing, so that the SPF contractor receives full payment for the job from Contractor Financing within a short period of time and the homeowner’s monthly payments are directly defaulted to Contractor Financing. For SPF contractors, the incentive is great and the risk is low. 

According to Contractor Financing’s owner Adam Silva, successful contracting companies should not rely on their customers to have the means to fund their home improvement project in full, and that by having a financing option, it allows the contracting business to thrive and grow. And it all hangs on to the notion that “a project that was seemingly out of reach is now doable.”

“We help contractors grow their business by assisting in offering homeowners affordable monthly payments,” says Silva. “Financing is the quickest way to raise your revenue and lower the amount of receivables.”

There have been conservative estimates from market data, coupled with input from home improvement contractors across the country that estimate that 75 percent of home improvement projects, including spray polyurethane foam insulation and roofing installations, that cost over $2,000 dollars are financed. These numbers stipulate that if a spray foam contracting business does not provide a secured financing option, it can lose clientele and fail to stay competitive. Thus, when an SPF contractor partners with Contractor Financing, they are on the up and up.

“Companies that do not offer financing are already losing money,” notes Silva. “Almost 30 percent of the market is cash-strapped today. Giving homeowners an option can only help. Without this option, it is likely that companies that do not offer financing will lose business to competitors that do.”

Silva adds that having the financing option presents the spray foam contractor with the auspicious position to upsell and close jobs. “Why not spend the extra 2k if it’s going to get broken up?”
In a nutshell, companies like Contractor Financing help the spray foam industry because they provide more options for homeowners, which begets more SPF jobs for the spray foam contracting business. With competitive rates and fast payment turnaround times, a spray foam contractor can run their business as they normally would but equipped with a program that is sure to boost their sales.

About Contractor Financing LLC: Contractor Financing LLC provides a finance program that gives small-and-medium size companies the ability to sell affordable payments like their larger competitors, attract more customers, and grow sales. Featuring many unique benefits, Contractor Financing’s program financing assists contractors in growing their customer base by giving them an affordable way to pay for their product or service. For more information, please visit www.contractorfinancingllc.com.