Step-by-step walkthroughs for each major platform. Know exactly what to expect before you apply.
Not sure which platform to apply to?
Use our Platform Matcher →
Have these ready for ANY financing application:
Your official registered business name and Employer Identification Number (or SSN if sole prop)
Physical business address (not a PO Box for most platforms) and direct business phone number
Most platforms will visit your site. Make sure it's live and professional.
Don't have one? We can help →
State/local contractor license, HVAC license, or trade-specific certification
General liability insurance certificate (most require $1M minimum coverage)
Business checking account routing & account numbers for receiving loan funds
Annual revenue figures (some want cumulative revenue to date)
Name, SSN, DOB, home address (for credit check on owners/guarantors)
Don't shotgun applications to all 7 platforms at once. Each application triggers a credit inquiry.
Better approach: Use our Platform Matcher to identify your top 2-3 matches, then apply to those first.
The gold standard for contractor financing. High requirements, but worth it if you qualify.
Before you start the application, verify:
Fall short? Consider PowerPay or FTL Finance instead. Come back to GreenSky when you hit their thresholds.
Application URL: greensky.com/home-improvement
Click "Apply Now" or call 1-844-872-7406 to speak with a sales representative
You'll need to provide:
Time to complete: 10-15 minutes
What GreenSky checks during underwriting:
Common rejection reasons: Website looks DIY/unprofessional, revenue below threshold, less than 2 years in business, poor credit, or incomplete application.
If approved, GreenSky will:
Training covers:
Once trained and set up:
Pro Tip: Start with 12-month no-interest plans (lower dealer fee) and work your way up to longer terms as you get comfortable.
* Fees vary by your agreement and plan. Check your rate card for exact pricing.
Make sure your website meets their standards first.
Credit card-based financing. Good for retailers and contractors doing smaller projects.
1. Apply Online or Call
2. Quick Approval
Synchrony often approves within 1 business day. They may check business/personal credit but requirements are more lenient than GreenSky.
3. Setup Business Center Access
Once approved, you get login to Synchrony Business Center portal where you can run customer credit applications.
4. Start Offering the Synchrony Home Credit Card
Customers apply for the card, get approved, then use it to pay you. You swipe the card or charge it online like any credit card payment.
Synchrony gives customers a reusable credit card (they can use it anywhere, not just with you). GreenSky is a closed-loop credit line tied to home improvement projects.
0% dealer fees. Accepts new contractors. Long loan terms (up to 15 years). The easiest "yes."
If you can't qualify for GreenSky yet, PowerPay is your best bet:
Real talk: If you're reading this and you're under 2 years in business or under $1M revenue, apply to PowerPay FIRST. Get financing capability now, then add GreenSky later when you qualify.
Step 1: Enroll Online (5 minutes)
Step 2: Instant Approval (Usually)
PowerPay's system auto-approves most contractors within minutes. You'll get an email with your dealer portal login.
Step 3: Set Up Portal
Log into PowerPay dealer portal, review loan plans (5-year, 10-year, 15-year options), and grab the customer application link.
Step 4: Offer Financing to Customers
Pro Tip: PowerPay's 15-year term option creates VERY low monthly payments (like $100/mo on a $12k project). This helps close deals with customers on tight budgets.
Modern fintech lender. Flat 3.9% fee. Text link to customers, they apply on phone. Super fast.
1. Sign Up (Digital-First Process)
Visit wisetack.com/merchants/home-services or apply through partner software (Housecall Pro, Jobber, ServiceTitan, etc.). Approved almost instantly. No paperwork.
2. Text Customer a Link
From your dashboard, generate a unique financing link. Text it to your customer right after giving them a quote.
3. Customer Applies on Phone (60 seconds)
Customer taps link, enters last 4 of SSN and income. Sees multiple loan options instantly (3-month, 6-month, 12-month, etc.)
4. Customer Picks a Plan
If they qualify for 0% (good credit), they might see that. Otherwise, they see interest-bearing options with APR based on credit.
5. Job Completion & Payment
Complete the work. Customer confirms job done in their app. Wisetack pays you via ACH within 1-3 days.
Why contractors love Wisetack: It's SO fast. Customer can be approved and pick a plan in under 2 minutes from their phone while you're still at the job site.
Wisetack caps most loans at $15,000. Great for HVAC replacements, minor remodels, repairs. Not ideal for $30k+ kitchen remodels. Use PowerPay or Enhancify for larger projects.
One application, 30+ lender offers. Annual subscription model (no per-loan fees). Covers $1k-$200k projects.
Enhancify is NOT a lender. It's a loan marketplace you subscribe to.
1. Subscribe to a Plan ($1,149-$4,999/year)
2. Customer Applies Once, Gets Multiple Offers
You send customer an Enhancify application link. They fill out ONE form. Enhancify shops it to 30+ lenders (LightStream, Upgrade, SoFi, Avant, etc.) and shows customer all offers side-by-side.
3. Customer Picks Best Offer
Customer sees rates from ~7.99% to 35.99% depending on credit. They pick the best one for them.
4. Lender Funds the Loan
Chosen lender sends money to customer's bank account in 1-3 days. Customer pays you from that.
5. You Earn Commission (Yes, Really)
Enhancify PAYS YOU up to $650 per funded loan (from their referral fees from lenders). This can offset your annual subscription.
Break-even math: If you fund 2-3 loans/year, the commissions cover your subscription. After that, you're making money on financing while paying $0 dealer fees.
Part of Truist Bank. 50+ loan programs. FHA Title I loans. High approval rates. Popular with HVAC and OEM dealer networks.
SFC's strength is VARIETY. They have a loan program for almost every customer and scenario:
Best for: Contractors who want ONE platform that covers prime AND subprime customers. SFC claims 90%+ approval by using multiple programs.
Free to enroll. No charge. Available in all 50 states.
Email: enroll@svcfin.com
HVAC specialist. 0% dealer fees on standard loans. No minimum credit score. Approves 80% of applicants. Perfect backup lender.
FTL's niche: Approving customers other lenders decline.
How they do it:
Best strategy: Use FTL as your backup. Customer declined by GreenSky or PowerPay? Try FTL next.
Real example: Customer with 580 FICO needs $8k for new AC. GreenSky declines. PowerPay declines. FTL approves at 17.99% for 5 years. Customer gets AC, you get paid, everyone wins.
Quick enrollment. 0% dealer fees. Approve customers others reject.
Contractor Registration →Note: Have your contractor license and recent distributor invoices ready for upload
| Platform | Min Years | Min Revenue | Dealer Fee | Customer Credit | Best For |
|---|---|---|---|---|---|
| GreenSky | 2+ years | ~$1M | 2-20% | 650+ | Established contractors, premium promos |
| Synchrony | None | None | 2-6% | 640+ | Retailers, smaller projects |
| PowerPay | 0 | $0 | 0% | 600+ | Startups, long-term loans |
| Wisetack | 0 | $0 | 3.9% | 540+ | Fast approvals, tech-savvy contractors |
| Enhancify | 0 | $0 | $1.1k-$5k/year | 550+ | Large projects, multiple lender access |
| SFC | 1+ | None | 0-15% | All | 50+ programs, prime to subprime |
| FTL Finance | 0 | $0 | 0% | No minimum | HVAC, subprime approvals |
Green highlight = 0% dealer fees
Most successful contractors don't use just ONE platform. They tier them to maximize approvals:
Use: GreenSky or Synchrony
Offer 12-18 month 0% promos. These customers can afford to pay it off quickly. Your dealer fee gets recouped from higher close rates.
Use: PowerPay or Wisetack
0% or low dealer fees. Longer terms = lower monthly payments. You keep your margins, customer gets approved.
Use: FTL Finance or SFC
Manual underwriting, consider full credit profile. Approve customers others reject. Yes, they pay higher APR, but they GET the AC/roof/etc. they need.
If you're new to offering financing, start with these 3:
Then add GreenSky when you hit 2 years + $1M revenue.
Most financing platforms check your website during approval. Make sure yours looks professional.
Questions about applying to any of these platforms?
Call (502) 240-9897