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

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.

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.

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.

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

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.

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

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