Landscape Management Network (LMN) and household improvement lender Acorn Finance have joined forces to start a new funding device for landscape contractors and their prospects, the firms said in a Friday (April 8) announcement.
LMN Lend Household Advancement Funding allows contractors who use LMN’s organization management software offer their buyers obtain to Acorn Finance’s marketplace for funding choices up to $100,000, according to the announcement.
“Consumers continue on to invest in their qualities,” claimed LMN CEO Mark Bradley in the announcement. “As a contractor, you want to be equipped to deliver the most effective practical experience probable for your buyers. Figuring out you can now conveniently walk them through financing alternatives as a aspect of the estimate delivers tremendous price to consumers and positions landscape operation owners as true associates in the renovations.”
The organization mentioned in the announcement that this funding option addresses a regimen agony stage for contractors and their consumers: how to simply access the correct funding at the correct time. Position-of-sale (POS) financing can give contractors on big positions enhanced hard cash flow when offering included usefulness to home owners through estimating and proposals.
LMN pointed to investigate showing that customers are more very likely to go forward with house enhancement undertaking when they know they have obtain to funding. The company mentioned its purchaser funding choices will be available to all LMN Pro end users and their clients in the United States.
“Through LMN Lend, when a contractor prepares an estimate for a yard renovation, pool or other main landscape advancements, they’ll be able to seamlessly offer you access to financing options from Acorn Finance’s community of lenders,” the business mentioned in the announcement. “Through an on line application method, property owners will receive funding gives (sum, prices and phrases) in just minutes. As soon as executed, resources are sent to the property owner in as very little as 24 hrs.”
Acorn Finance presents a network of 12 loan providers who bid to finance home improvement tasks. In 2021, the amount of prospects trying to get financial loans as a result of its system rose by 800%, Acorn explained.
Last month, the Sacramento, California, business introduced a partnership with Joist — an estimating and invoicing application for contractors — to embed funding gives into Joist’s system.
Read through more: Household Improvement Lender Acorn Teams up With Contracting System Joist