TORONTO–(BUSINESS WIRE)–Jobber, the leading provider of home service management software, today announced a partnership with Wisetack to enable home service businesses to offer financing options to their customers. The new consumer finance feature gives homeowners the ability to pay for things like home renovations, landscaping, roof repairs, a new furnace or air conditioner in monthly installments, giving them more flexibility to pursue large projects or deal with urgent and unforeseen repairs. While homeowners will have the benefit of paying over time, home service businesses using Jobber will continue to receive full payment for a job as soon as it is completed.
“Consumer financing is another way Jobber is helping home service entrepreneurs meet homeowner expectations, compete with larger competitors, and ultimately be more successful,” said said Sam Pillar, CEO and co-founder of Jobber. “Jobber customers can now offer premium services with more confidence, and owners can undertake projects and repairs with a convenient and flexible payment option. We’re excited to add consumer finance to Jobber’s suite of financial solutions and empower small businesses to deliver great service to their customers.
“Jobber’s reach among home service professionals means we can be more accessible to more businesses nationwide,” said Bobby Tzekin, CEO and co-founder of Wisetack. “We’ve received great feedback from the service providers we’ve worked with so far and are excited to enable more businesses with this launch.”
Through Jobber, consumer financing can be automatically offered on residential quotes between $500 and $25,000. To apply for monthly financing, homeowners complete a short application and receive a decision instantly. Annual Percentage Rates (APRs) range from 0-29.9% and there are no prepayment penalties, origination fees, late fees or compound interest applied to the owner’s account.*
“My client was extremely grateful to have this consumer financing option,” said Jobber Client Jeff Kerr, Owner and COO of Marlin Wastewater Services. “The repair came at a really bad time for her, and she felt really good about it. I think it’s also an incredibly easy process.”
A survey commissioned by Jobber of 1,000 American adults (aged 25+) revealed the importance of the consumer finance option to homeowners and how this offer could make the difference between a winning service professional and losing a job. In fact, 62% of respondents said they would choose one home service provider over another if the company offered monthly financing. Other findings from the study include:
Encourage dream projects for owners
Sixty-three percent (63%) of owners indicated that they would be willing to take on a more expensive project if there was a financing option available to them. More than half of homeowners (54%) have postponed a project due to a lack of funds, while one in four (25%) have considered borrowing against their 401,000 for a home improvement project.
Activating emergency repairs
Sixty-six percent (66%) of respondents would be more likely to use monthly funding for emergency work, such as repairing a damaged roof or a burst pipe. Nearly one in four homeowners (24%) said they had less than $500 for emergency home repairs, and 39% said they had $1,000 or less. Homeowners aged 45-54 have the lowest amount of money available for emergency repairs, with more than half (53%) indicating reserves of $1,000 or less.
Young homeowners appreciate consumer financing
Throughout the survey, younger respondents (25-34 years old) displayed stronger opinions about the ability to fund home care projects. Eighty percent (80%) would choose one home service provider over another because it offered monthly financing, which is eighteen points above the overall average. Seventy-seven percent (77%) of homeowners in this age bracket would also accept more expensive projects if they could pay in monthly installments. More than half (53%) put a home services project on a credit card so they could pay for it over time.
Consumer financing is available to Jobber customers in the United States who meet the eligibility criteria and are approved by Wisetack. To learn more about how this feature can benefit your plumbing, HVAC, landscaping or other home services business, visit: https://getjobber.com/features/consumer-financing/
Jobber is an award-winning business management platform for small home service businesses. Unlike spreadsheets or pen and paper, Jobber keeps track of everything in one place and automates day-to-day operations, so small businesses can deliver 5-star service at scale. Jobber’s more than 100,000 home service professionals have served more than 12 million homes in over 47 countries. The company is consistently ranked among the most innovative and fastest growing companies in Canada in Canadian company and Macleans, The Globe and Mail, Fast Company, and Deloitte. For more information, visit: https://getjobber.com/.
Wisetack makes it easy for in-person businesses to offer financing to their consumers. Through its suite of APIs, Wisetack integrates financing options into software platforms that companies already use in their day-to-day operations. In-person businesses can start offering consumer financing in minutes and increase sales. Consumers can pay for life-enhancing purchases over time, with no surprises or unexpected costs.
*All loans are subject to credit approval. Your terms may vary. Wisetack loans are issued by Hatch Bank. See wisestack.com/faqs.