Having the right tools is crucial for success in every profession and endeavor. This principle is epitomized in the celebration of National Tape Measure Day, held annually on July 14th. This day recognizes the essential role of the tape measure in construction, home improvement, and various trades. However, having the right home improvement tools extends beyond physical instruments to financial tools, such as customer financing, which can significantly enhance contractor business growth.
National Tape Measure Day: A Tribute to Precision and Efficiency
The tape measure is a symbol of accuracy and reliability. It’s an indispensable tool for builders, carpenters, architects, and DIY enthusiasts. Tasks requiring precise measurements would be nearly impossible without a tape measure. This small yet powerful device ensures that cuts are accurate, spaces are even, and materials fit perfectly.
Customer Financing: A Modern Tool for Business Growth
While National Tape Measure Day highlights the importance of having the right tools for physical tasks, its lessons extend beyond tangible instruments. Just as a tape measure is an essential tool for getting a construction project off the ground, customer financing is crucial for business growth in the home improvement industry. Offering customer financing allows businesses to provide their clients with flexible payment options, making it easier for them to invest in large projects. This, in turn, drives sales and fosters business success.
Here are a few additional ways customer financing can drive business growth:
- Increased Sales: By offering financing options, businesses can attract more customers looking for flexible payment plans, which can increase sales and revenue.
- Competitive Advantage: Providing financing can set a business apart from competitors who do not offer such options, making it more attractive to potential customers.
- Improved Cash Flow: With financing options, businesses can receive payment from financial institutions rather than waiting for customers to pay in full, improving cash flow and operational stability.
- Customer Loyalty: Satisfied customers are more likely to return for future projects and refer others, creating a loyal customer base that drives sustained business growth.
Contractor business growth takes more than hammers, drills, and yes, tape measures. Are you ready to use the right customer financing tool for business growth?
Partner Forward with Salal Dealer Direct
We team up with contractors nationwide to provide their customers with affordable financing for various solar and home improvement projects.
We can offer some of the most competitive rates and dealer fees because we’re part of a member-owned credit union. That means our profits return to our members—and business partners—through lower rates and fewer fees.
Our Dealer Direct Financing programs feature:
- An online loan application with fast credit decisions and a high approval rate.
- Terms and loan amounts are available to fit various budgets and project sizes.
- Partners pay ZERO dealer fees on our standard program.
How to Start Offering Salal Dealer Financing to Customers
We’re serious about helping your business grow with fast funding times and personalized support from a dedicated and experienced team of lending specialists. To get started, our dealer application process requires these documents:
- Completed dealer questionnaire
- Current income statement and balance sheet
- Copy of business license and/or contractor’s license
