Sunday, February 25, 2024

Do Landscaping Companies Offer Financing

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What Is The Minimum Credit Score To Get Landscaping Financed

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The minimum credit score can depend on the lender and the type of loan you use. If you are using a personal loan you should have a FICO score 610 or better. However, if you dont quite have a FICO score of 610,you can still apply, and you may even still qualify. Lenders usually consider a variety of factors when approving loans. In most cases, a lender can share their minimum credit score requirement with potential borrowers. You may want to call the lender of your choice to learn more about their minimum requirements before applying. At Acorn Finance, some of our lending partners have a FICO cutoff of 600. You can check offers at Acorn Finance to see if you qualify with one of our lending partners. Checking offers at Acorn Finance does not impact your credit score.

Traditional Types Of Home Improvement Financing

If homeowners do not have the cash saved up to pay for your services, they may have to look for other ways to finance, including personal bank loans, HELOCs, mortgaging, and credit cards. In addition, your company can expect to pay a bank processing rate of 2.5% to 3% of these projects if they are paid through credit cards.

All of these financing methods can be a burden and difficult to obtain. Whether it is the need to go through a long, formal bank closing process, with house appraisal, or the high-interest rates of credit cards, forcing your customers to rely on traditional financing methods could lead to rejected contracts, lost customers, scaled-down projects, and simply a loss of sales.

Here are some ot the traditional financing options your potential customers might be considering:

How Can I Make My Backyard Beautiful On A Low Budget

Creating a beautiful backyard on a low budget is possible, but you may need to put your DIY skills to use. Even if you are not extremely handy, there are plenty of things you can do to transform your backyard. The fewer hours you pay a professional, the more money you can save. Perhaps you have a professional do the heavy lifting and you do the finishing touches. You can also pay a friend or family member to help out. Before starting a backyard renovation, you should invest time into planning. Proper planning can help homeowners create a budget and stick to it. Part of planning should include careful observation of the space. What does the backyard need? What renovations will make the biggest difference? You can jot down renovations you would like to incorporate and then work on pricing. Its important to prioritize projects and keep an open mind. You can always do phase one with renovations and later on do a second phase. If you are on a tight budget you may want to consider financing. Lets say you have $3,000 cash but your ideal renovations total $6,500. You could use the $3,000 cash and finance the remaining $$3,500.

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Can You Negotiate With Landscapers

In some cases, you can negotiate with landscapers. You may have more negotiating power if you get estimates from other landscapers. Being able to validate why you want a discount, bundled service, or whatever you are requesting can help you negotiate. However, make sure you are reasonable when negotiating. Being unfair to the landscaper or having unrealistic expectations can deter them from wanting to work with you. Being unrealistic or negotiating too hard may also force the landscaper to find ways to take shortcuts. You do not want this. You want the landscaper to be excited about delivering creative and quality work. When it comes to finding the best landscaping deal you will want to evaluate offers based on customer service, skill level, pricing, and overall value. Being overly focused on just price can result in negative outcomes.

How Much Does A Landscape Business Owner Make Per Year

Do Landscaping Companies Offer Financing

The short answer, again, is it depends. According to Lawn & Landscape Magazines State of the Industry Report, the average annual salary of a landscape company owner ranges from around $31,000-$69,000 per year.

Lawn care business owners interviewed by Entrepreneur.com reported earning between $5,000 and $50,000 in their first year of business. That income will grow once youre established. Those same owners reported annual earnings around $160,000-$250,000 once theyd been in business a few years.

These are average figures, but the truth is the sky is the limit when it comes to earnings. BL Landscapes earned around $700,000 in 2019, and are on track to reach $800,000 in 2020. The more projects youre able to take on and complete, the higher your earnings will go.

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Improving The Beauty Of Your Home

Landscaping can have a huge impact on your homes value. Homeowners can increase their homes value on average from 4.4 to 12.7% through landscaping projects. The biggest selling point is a manicured look to a yard. Clean lines between different areas, like a sharp edge between grass and mulch, are key factors to having that perfect, geometric look that will raise the homes value. Trimming the lawn edges to a crisp line and adding splashes of color with flowers are simple things that contribute to the overall look. The most important part of the process is the master plan. Whether youre making a few changes or overhauling everything, a master plan will help guide the purchases and makes sure you end up with a thoughtful and functional design.

How Do You Offer Financing To Customers

Contractors wondering how to offer financing to customers should visit Acorn Finance. To get started, contractors can submit a quick and easy application. Once your application is approved Acorn Finance will provide the tools and resources you need to start offering financing. Contractors can keep 100% of profits and enjoy no sign-up fees, subscription fees, or dealer fees.

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Aquatrols Acquires Rhizosphere Technology

Dr. Carminati’s research will help understand how compounds improve water and nutrient uptake.

PAULSBORO, N.J. Aquatrols Corporation of America has acquired technology from Dr. Andrea Carminati and Georg-August-University Göttingen to improve the control of soil-plant-water relations. The commercialization agreement has been negotiated through MBM ScienceBridge GmbH, the fully owned technology transfer partner of the University of Göttingen.

What Materials Do I Need To Build A Deck

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To build a deck you will probably need writing utensils, a construction calculator, deck board samples, untreated wood, pressure treated wood, dimensional lumber, pressure treated lumber, concrete, hardware, and wood deck posts.First you need to estimate how much lumber you need by looking at the elements of your deck the foundation, the frame, and the stairs. This will be made of concrete and framing lumber in most cases.

Next, estimate how much concrete you need per cardboard tube. It will vary based on the tube size and how deep it is in the ground. Concrete comes in 80 pound bags. Think about what requires hardware and how much and what kind youll need. These are just some basic materials you may need to build a deck. The type of deck you are building can impact the kind of material you need.

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What Are The Benefits Of Contractor Financing For Your Business

Offering contractor financing can give your business a competitive edge while becoming a more valuable option for customers.

Lets look at how your business can benefit from contractor financing.

#1. Close more sales

Providing customers a way to afford your product or services is the secret to closing more sales. It can also discourage customers from shopping around for more affordable options.

#2. Guaranteed payment for your work<

Even though your customers get to pay over time, you will be funded upfront for your product or services using contractor financing. You dont assume any liability if your customer defaults on payments in most cases.

#3. Increase average job size & revenues

Offering contractor financing can help your business increase its average job size and revenues. Its much easier to close someone on $20 more per month versus an additional $2,500 upfront. Statistics show that about 50% of homeowners finance renovations and repairs over $5,000.

#4. Improve customer satisfaction

Contractor financing can improve your customer experience. Knowing you can afford the product or service youre shopping for can put customers at ease. This allows them to get exactly what they want for a monthly payment they can afford. Overall, this can improve their experience and satisfaction levels.

#5. Reduce job cancellations

#6. Be a more valuable option

Choose Your Niche And Services

As you saw above, theres a wide variety of services that are included under the umbrella term landscaping. For a small start-up company, its often best to focus on just one specialty, like lawn care or landscape design, rather than trying to start off as a full service landscape company.

Choosing a specialty will also help you save money in your initial budget. You can purchase just the specific equipment that you need, for one thing. Youll also be able to use a smaller crew if you dont need people with a wide range of skills and expertise.

Common niches in the landscaping industry include:

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Can You Finance Backyard Landscaping

Backyard landscaping can transform the appearance and experience of your backyard. It can also increase your home value. However, landscaping can be expensive. Its common for homeowners to use financing to pay for backyard landscaping. If you are building a pool and planning to do all backyard landscaping you may want to consider a secured loan option. If you just need to pay for landscaping, a personal loan can be a sensible option. In some cases, a contractor or landscaping company may offer financing. Whether they do or dont you will always want to compare offers. To check and compare personal loan offers you can visit Acorn Finance. Take advantage of their secure platform that can connect you with top national lenders. In most cases, personal loans are funded as a lump sum and the funds can be spent however you would like. This means you can use the funds to pay for materials, labor, rental equipment, or anything else you need to complete your backyard landscaping. Just be sure to borrow the appropriate amount of funds.

How To Offer Financing To Your Customers In 6 Simple Steps

Insuring Your Landscaping Business

If you wish to offer financing to your customers, you have to go through certain steps to get it done right, and they include

  • Educate your customers on your financing offer

  • For your customers to apply for your financing offer, they have to know that you are offering one. You need to select your best or most expensive products for this financing so that it can be worth it. You are not expected to offer financing for every product you have. Just pick the ones you know people would love but cannot always afford to pay for upfront because of the cost.

  • Application process

  • Once your customers have been intimated on the available financing option, they now have to apply in order to get it. Typically, your customers have to apply directly to the company offering the financing and not through you. They should be advised on how to go about this.

  • Approval process

  • Once they have applied, they tend to get a message in a short time, typically a few minutes or hours. This message is to inform them whether or not they have been approved for the financing, and how much they have been approved for.

  • Offer of promotional rates

  • If a customer qualifies for the financing, they are usually offered promotional rates immediately. These promotional rates are to encourage them to use their new credit immediately to make purchases in your store. For instance, some companies offer customers no interest loans if you make a certain purchase, and if they are able to pay within a stipulated time frame.

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    Does New Siding Increase Home Value

    Studies show that a siding remodel can increase your homes value by 78.2 percent of the projects cost. In addition, it can make your home more efficient and help it sell faster by giving it more curb appeal. Some reports state that siding is one of the best home improvement projects for increasing value. You can also think about financing a new fence to add value to your home.

    Employee Payroll And Training

    You can achieve business expansion and growth by hiring dedicated staff for your landscaping team. Add employees to handle additional client traffic, sporadic jobs, and manage equipment.

    Invest in your employees with training programs that help them work more efficiently to maximize their productivity.

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    Financing Options Through Enhancify

    • Enhancify is an online financing marketplace that makes it easy to see and compare many home improvement financing options in one place.
    • The platform uses new technology to make the financing process faster, simpler, and more transparent, by connecting you with personalized pre-qualified offers from 15 leading lenders in real-time.
    • You will see multiple offers in one place, instantly, instead of having to shop multiple lenders or visit bank branches in order to obtain financing for hardscape and landscape installation in north Georgia.

    From gorgeous landscaped gardens to custom stone retaining walls, Greenlawn Georgia can assist you with all your hardscaping and landscaping projects.

    Greenlawn Georgia provides quality landscape and hardscape design and installation services to clients in Alpharetta, Braselton, Buford, Cumming, Dacula, Duluth, Flowery Branch, Gainesville, Hoschton, Jefferson, Johns Creek, Lawrenceville, Milton, Roswell, Snellville, Sugar Hill, Suwanee, Gwinnett County, Hall County, Forsyth County and surrounding areas.

    Greenlawn Georgia is a full service hardscape and landscape installation company in Buford, Georgia committed to making our clients outdoor living dreams come true! Check out Enhancify financing for hardscape and landscape installation in north Georgia.

    Contact us today through our website contact form or at 375-9640.

    GREENLAWN GEORGIA HARDSCAPING & LANDSCAPING
    Services

    How Much Does It Cost To Put Up A 6

    How To Design The Perfect Landscape | Landscape Design 101

    According to Home Guide, the average cost to install a 6-foot privacy fence is between $12 $30 per foot, including professional installation. If you are looking to save some money and install the fence on your own, you can save money. Just materials usually cost about $5 to $15 per foot. The type of material you use can impact the cost. Pressure-treated cedar is usually much more expensive than pressure-treated pine. Since we are talking about a privacy fence, you are probably using wood as your main material.

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    S Of Landscaping Financing

    • Home equity loans: These are loans for a fixed amount, with the amount you can borrow based on your homes equity. They are an ideal choice if you know how much your project will cost and want to borrow a large amount at a low interest rate.
    • Home equity lines of credit: These give you access to a revolving line of credit, with your credit limit based on the amount of equity in your home. They are likely the best choice if you want to work on a project over a few years and need access to an ongoing source of money, but you dont know exactly how much you need.
    • Personal loans: These loans are unsecured, and the amount you can borrow is based on your credit and other factors. Personal loans are ideal if you need to borrow a smaller amount, want to receive funding in a lump sum, and you cant or dont want to put your home equity at risk.

    What Does Contractor Financing Mean

    Do you ever dread telling customers their total, fearful they wont have the cash to pay for it? Using contractor financing allows you to get paid upfront while allowing your customer to pay over time. Companies that offer contractor financing essentially act as a bridge that connects customers with financing options.

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    What Are Some Reasons Landscaping Business Owners Get Small Business Loans

    Landscaping business loans can open up a world of possibilities for small landscaping companies or even larger ones. Lawn care business loans and lawn equipment financing are great ways to improve working capital and cash reserves during the off-season.

    Whether youre interested in expanding an existing operation or just getting by during the slow season, landscaping business loans can help you grow your business by purchasing equipment sooner.

    There are multiple loan types to finance your business, including small business loans for lawn care, small business credit cards, personal loans, and lawn equipment financing. These loans can finance your operations needs, like hiring staff, marketing and promoting your business, and buying high-quality mowers.

    Do Most Contractors Offer Financing

    Landscaping Gallery

    Larger contractors are more likely to offer financing, but that does not mean that small contractors cannot offer financing too. You should ask the contractor of your choice if they offer financing options. However, you should also compare financing options. Assuming that the contractor has the best options available may be a mistake. As we mentioned earlier, if a contractor does not offer financing, you can still finance the project. You will just need to go in search of a personal loan or a secured loan. There may be other financing options available too, it really just depends on your situation. If you are a contractor that wants to offer financing, consider partnering with Acorn Finance.

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    How Small Businesses Can Offer Customer Financing

    If you are a small business owner, the financial resources of your customers may ultimately factor into your companys success. This is especially true if you offer higher-priced items or services. So how do you encourage people to check out and complete a sale without reducing your prices and hurting your bottom line?

    One potential solution is customer financing. Customer financing, also referred to as consumer financing, operates as a buy-now-pay-later method. You can provide financing in-house, or you might decide to rely on a third-party financing company. Customer financing can be a win-win situation for both consumers and business owners: Customers get the product they want, and you close sales on full-priced products and services.

    As COVID-19 influences how customers shop, retailers with online stores and ecommerce companies may consider adopting a financing platform, which can enhance customer loyalty and increase sales.

    Continue reading for a comprehensive explanation of consumer financing, to explore your consumer financing options, and to discover the benefits and drawbacks. Or, skip to the section that directly answers your query using the navigation links below.

  • Collect customer payments according to the payment plan agreement
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