LoanMore is a program for customers not meeting FTL Finance’s standard credit criteria and will provide personal loan financing options for credit-challenged consumers. Contractors will have more opportunities to close the sale with financing with the LoanMore alternative. Here’s how it works:
Option 1: Homeowners receive instantaneous notification of pre-qualification or decline status via email with our LoanMore Partner. If the homeowner is pre-qualified a link to their application will be sent to enter banking information for a funds transfer.
Option 2: Homeowners who do not receive a link to pre-qualification will be sent a link to a LoanMore partner to complete a full application for their personal loan.
Contractors will then receive payment for the project directly from the homeowner. The homeowner will pay the loan partner directly, all at no cost to the contractor, and with no paperwork involved.
Please note: Contractors will not complete paperwork with FTL Finance when the customer finances through the LoanMore program. Funds will be released directly to the customer.