Blog

Discover the best financing options for contractors, from bank loans and credit cards to flexible alternatives like Joist Lending. This guide explains how to choose funding that fits your business.

Do you offer homeowner financing as a payment option for contracting services? It’s about time you did. Homeowner financing is more than just a payment method—it’s a means to empower your customers.

When you take out a term loan, the lender gives you a lump sum of cash upfront. In exchange, you agree to repay this amount, plus interest, over a set period. 

Due to rising costs, many potential clients are worried that they simply cannot afford home improvement. This is why contractor financing has become a hot topic in the home improvement industry: 65% of projects over $5K are financed. It is crucial for contractors to offer financing, since approximately 25% of home improvement customers who finance are interested in financing...

How to Win More Jobs with Homeowner Financing Joist Homeowner Financing equips contractors with the ability to offer clients financing options to fund their projects. Thousands of businesses are already using Homeowner Financing to help their clients and win more jobs! Homeowner Financing is incredibly easy to incorporate into your business: FREE to use Completely optional — turn it ON or OFF any time you’d...

Introducing: Joist Homeowner Financing Our mission at Joist is to make contractors heroes. We do this by providing a tool that helps you: Win jobs Get paid quickly Save time Look professional Winning jobs is hard! Contractors tell us the biggest challenges they face today are: Clients rejecting estimates due to budget Job scope reduction, cutting into profit Clients unable to pay for costly change orders, often causing job delays Homeowners...