We have several different rates and programs available for you to offer your homeowners. We have programs that have no contractor cost, low interest programs and deferred interest programs. Give your Account Success Manager a call to discuss these program options and customize your account.
A standard approval is given to consumers with a strong credit profile. This is your “thumbs up” to offer any of the loan products you have selected for your account, from our no-cost options to buydowns and deferred interest.
An risk-based program approval is for credit-challenged consumers as a higher risk offering from FTL. Our underwriting team will provide several options to your customers with an adjusted interest rate.
A partner program option is sent for customers with really challenging credit. When a homeowner does not qualify for FTL programs, we automatically work with our third-party partners to help find a loan option for them and will help manage that process.
Once your homeowner is approved, they will be presented with finance terms to select from & a Finance Lease Contract to sign electronically. Once the installation has been completed, you can create the completion certificate in AppTracker for the customer to sign. Once all signatures are completed for the loan documents, you will receive your funds within 1-2 business days
The homeowner must fill out their application. This keeps the homeowner’s personal information secure and takes communicating the application results off of your hands. FTL Finance will communicate all approval decisions to you and your customer directly.
A valid email address is required for each homeowner to sign their loan documents, which is done through DocuSign. If your homeowner does not have an email, they can borrow an email address from a friend or family member. You may also assist your homeowner in creating a new email address to sign their loan documents.
Applications submitted during processing hours will receive a decision within 15 minutes. You will receive an email with the result of the application.
FTL Finance does not have a minimum credit score requirement. We review the complete credit profile to determine credit worthiness. Our TotalReview process allows FTL to approve even more than other finance companies.
Anyone can be added to an application as a co-applicant. The co-applicant does not have to be a homeowner.
A valid driver’s license, contractor license, and three distributor invoices
Yes, the interest on each loan is an APR-annual percentage rate.
The loan contract is an agreement to finance a specific piece of equipment. We need the serial number for the equipment installed.
Our most popular programs are the ones that are free to the contractor.
We will send you an email when we initiate a loan to fund, but not when the funds hit your bank.
FTL offers several different interest rates to customers based upon approval. Your specific interest rate will be presented to you by email following approval.
If FTL Finance is not able to extend financing to you, you may be eligible for our LoanMore program through one of our third-party partners. If you have applied and were not offered financing through FTL, please check the application notice you received in your email on your eligibility for these programs and follow the link to submit your information and see if you qualify.
No. FTL Finance does not have any pre-payment penalties.
Log into your account at ftlfinance.com to access account details, submit payments and set up autopay. If you need any assistance, contact FTL’s customer support team at 888.314.4588
No, FTL only offers financing to homeowners that own the property where the installation or service is taking place. The property does not have to be owner-occupied.
Generally, your first payment is due 30 days after the project has been completed & all finance documents signed. You will receive a welcome email 1-2 business days after the loan is activated. If you are signed up for a deferred interest program, the total payment financed amount is due on the last day of the promotional period.
Your contractor will receive payment once you confirm that the job is completed by applying your electronic signature to all required fields to the loan contract sent to your email address. Once this is received by FTL Finance, we will process the documents and release payment to your contractor within 1-2 business days.