HVAC financing for contractors
As an experienced heating, ventilation, air conditioning, and refrigeration (HVAC) contractor, you're probably aware that many homeowners aren't prepared to pay for the cost of HVAC repairs — and often haven’t planned a way to pay for a project before speaking to a contractor. We can help you address these needs by helping you offer financing to clients as part of your service.
Why offer financing to HVAC customers?
Get to work sooner & finish faster
Time is of the essence with HVAC. With us, your customer can receive a lending decision within minutes. This means you can turn emergencies into solutions.
Convenient funding for customers—and you
When a homeowner is in a pinch and needs your services to stay warm or cool, requesting money is quick and easy — funds typically hit your account within 24 hours of request authorization.
Better customer experience
Your customers will thank you when you give them a choice of simple paperless application methods, along with an express loan decision.
Offering trusted financing helps grow your business
Offering reliable financing as a part of your services can help increase both the visibility and credibility of your business — and likely will increase your close rate.
Are you an HVAC contractor interested in offering financing to your customers?
Learn how our products and tools can help you grow your business.
Why HVAC contractors should choose Regions Home Improvement Financing
When you choose Regions as your contractor financing provider, you enjoy these unique advantages:
- Home improvement experience: Over two decades of experience specializing in home improvement lending has enabled us to create solutions tailored to the industry. We’ve funded over $15 billion in home improvement projects through products built around your needs.
- Personalized service: When you work with us, you have a dedicated relationship manager who knows your business and your needs — ensuring you receive high-quality service every time. We also have a contractor support line available to assist you.
- Detailed account management: Working with Regions means you get access to our online PartnerPortal. Here you can view real-time data and reports to keep track of your customers’ loans.
- Marketing support: We provide HVAC contractors with marketing tools and collateral to help them communicate the financing options and their benefits to their prospects.
How HVAC contractors can offer financing
Our process is made to be simple so you can focus on growing your business:
- Homeowners can apply by choosing from three paperless application methods, including online, in the app, or over the phone.
- With quick approvals, you can get everything signed, sealed, and delivered before you leave the customer's home.
- Once the project begins, requesting funds from homeowners is just a click away.
- They'll receive the request and your funds are typically deposited within 24 hours of the homeowner's approval.
HVAC financing FAQs
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Our convenient digital application methods can result in quick credit decisions, often in just a few minutes. Missing or incorrect information included in the application may delay the process. Regions pre-approval process can help by giving your customers a better idea of what they may qualify for, and this can speed up the loan process, helping you close more deals.
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We recommend mentioning the availability of financing in all your marketing materials, as well as at three touchpoints: when setting the appointment, while establishing rapport with the customer, and when presenting the bid in the customer's home. Every homeowner should be offered financing to get the most out of your program. The more routine you make offering contractor financing, the easier it will be.
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In most cases, you can expect the HVAC systems and installation process to be covered by our financing options. Any maintenance costs that arise from the system, such as an annual tune up, are not usually covered by financing.
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We’ll give you and every member of your team a comprehensive orientation so you know the most effective ways to implement financing into your business practices. We offer on-demand and live training sessions.