ContractorLoan PRO™ / Account Activation

Once you've completed the merchant application and received approval, your portal will unlock the ability to set your default Base Package of loans in one click. This is the bundle of loan products you will offer to your customers. It will be reviewed on your compliance call and you can adjust this anytime, so we recommend setting it even if you have questions about loan products.

clp-activation-rate-sheet-set-default-loans

Enter your bank account details and micro deposits

From the Payment Settings tab, enter your company banking details for transacting (receiving funds). This will trigger two Micro Deposits to your account, each under a dollar, within 1-2 business days.

clp-activation-payment-settings-bank-details

clp-activation-payment-settings-micro-deposits

Once you receive the micro deposits, go back to your payment settings and enter those two amounts. Then click Verify Account.

Book a short compliance call

Before your account can be officially activated, you'll need to complete a short compliance call. Our team will guide you through the following:

📆 Book Your Compliance Call

- Reviewing the loan products and your Base Package

- Creating promotional loan bundles

- Installing the website calculator

- Turning on CLP for your instant quote tool (RoofQuote PRO only)

- Understanding how to use all the features

- Giving your team access to CLP

How to install the calculator

Add the Financing Calculator tool to your website to get pre-qualified leads. Installation is simple:

In Developer Settings > Tool Scripts are three scripts:
- Slideout Calculator - This sticks a tab that slides out the calculator to the side of your website. Just add this script to the header HTML on any page you want it shown.
- Page Calculator - This embeds the calculator anywhere you want on any website page. Just add this script to the body HTML.
- Button - This embeds a Get Pre-Qualified button that pops open the request form. Just add this script to the body HTML wherever you want to place a button.
Below the scripts, you'll see a domain whitelist - you'll need to add your website domain(s) in order for any of the scripts to work.
In General Settings > Finance, select a feature to adjust the branding, such as button colors and fonts.

Include CLP in instant quotes

RoofQuote PRO® accounts can add financing options on every instant quote. Go to Financing and click Switch All Markets To ContractorLoan PRO.

clp-activation-apply-to-all-markets

From your Products, click customize on any of your selected products to adjust the loan package and include merchant fees automatically in your instant quote.

clp-activation-product-customization

FAQs

Got Questions?

Why are Contractor Loan PROʼs products better than alternatives?

Cash - Increase your customer's purchasing power, even those who might choose to pay in cash will consider increasing project size with Same-As-Cash offers.

Credit Card - Credit limits available through credit cards may not be high enough to cover a full project. Rates tend to be higher, and there are no promotional windows available.

HELOC - Using a bank to get a HELOC involves a lengthy underwriting process with origination fees and higher rates, and requires the home to be used as collateral.

Other Finance Solutions - Contractor Loan Pro is a state-of-the-art solution that caters to the user experience, meaning its extremely user-friendly making it as simple as possible to get your clients funded. Including:

Instant pre-quals
Multi-loan offers up to $55k
5-month spending window
Any stage funding without limits
Exclusive (closed-loop) financing
Same & Next Day ACH
Transactions directly made to contractor
and many more advantages

What financing company is the lending coming from?

Contractor Loan PRO is backed by Momnt Technologies, Inc.

Momnt powers modern lending solutions that enable businesses to provide low-friction financing to their customers at the moment they need it – all funded by trusted lending partners. Its API-based platform leverages alternative data sources and ML/AI-informed decisioning to present real-time loan offers fit each individual borrower, all done within the banking industry’s current regulatory infrastructure.

Momnt Technologies, Inc. arranges consumer loans used to purchase goods and services from its participating merchant businesses. All loans are originated by participating financial institutions. Visit momnt.com for more information.

Is Contractor Loan PRO available for all US States?

Contractor Loan Pro is not yet available in the following states: Connecticut, Maine, Massachusetts, Vermont, and West Virginia.

How does the instant loan process work exactly?

Step 1 - Soft Credit Check Pre-Qualification
Send your customer an invitation to apply from any internet-enabled device. Loan applications can be sent directly from your Pro portal or homeowners can request it from your website, either through the Roof Quote PRO tool after receiving their instant quote or from an embedded button you can place anywhere on your website.

Step 2 - Customer Shops Offers
After completing the prequalification form from their phone or online, AI-powered instant decisioning technology is used to automate a soft credit check and determine which offers they are qualified for. Multiple options are presented and the homeowner can select which loan to finalize. Finalizing the loan is nearly instantaneous, and once accepted, your company with be notified by email.

Step 3 - You Get Paid
Instant application approval and funding lets you request immediate payment from your portal and at any time throughout the project for up to 5 months. The homeowner will only be liable for the amount transacted to your company for the project(s) within the spending window.

How do customers pay?

When you are ready to transact with a customer, log in to your Contractor Loan PRO portal, select the customerʼs name and enter the amount requested and whether it's for initial deposit, project charge, or final charge.

A text message will be sent to that customer's number that was used to apply, allowing them to approve the request. This message will provide a passcode to reply with to accept the payment request. Once approved, funds will deposit into your bank account (same or next day ACH) and the available spend on the loan will decrease by the amount of the payment.

Homeowners are only responsible for paying the amount transacted on the loan.

When will I receive their funds?

Contractors will receive funds quickly with Same-Day and Next-Day ACH.

Can the homeowner spend their secured loan with a different contractor?

Contractor Loan Pro is considered “closed-loop” financing. Using closed-loop financing ensures that a customer can only spend their loan funds at the business where they applied for the loan.

What is a “Purchase Window”?

Contractor Loan PRO offers borrowers the ability to spread their purchases over time as needed. The Purchase Window is the time period the borrower can transact on the loan with their contractor. Once the Purchase Window closes, the contractor will no longer be able to request transactions from the loan.

Starts: When the loan is approved and funded
Ends: 5 months after start date

What if the homeowner doesn't use the full loan amount? No matter what amount a homeowner is approved for, they will only be responsible to pay back the amount spent with their contractor during the purchase window, plus associated interest and fees.

Can I add Contractor Loan Pro to multiple websites?

Yes, if the different websites are managed within one Roofle Account.

You can use the CLP embedded button and popup pre-qualification tool for multiple websites as long as all the sites are managed within the same RoofQuote PRO® or CLP account.

Coming Soon! Embeddable Loan Calculator Lead Generator

Show more