Capture more clients with flexible electrical and plumber financing

Grow your electrical and plumbing services with our consumer financing options

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What We Can Do For You

Time Investment offers competitive financing options to help your customers pay for high-ticket plumbing projects. With our partnership, your customers can enjoy home repairs by instantly getting generous loan amounts at reasonable interest rates.

In simple words, we’ll help you provide the installation and repairs of plumbing systems by offering your customers convenient payment options. That way, if your customers can’t make an upfront payment for the plumbing work, they can easily pay via a monthly payment plan.

All in all, we can play a silent role in helping you expand your business by overseeing the entire loan application and collection processes, ensuring that you get paid in full.

Why Choose Time Investment

One thing that makes us stand out from the competition is the fact that we cherish our relationship with our customers and proceed with a can-do attitude.

We’re a family-owned and operated consumer financing company that drives with a customer-centric approach. When you become a part of the Time Investment family, you’re not treated as just another number, but rather an important asset.

In addition to the above, here are a few things that make us the go-to consumer financing company for hundreds of businesses:

1.  Flexible credit programs.

2.  Swift credit approvals and reasonable interest rates.

3.  Auto-pay options for your customers.

At the end of the day, we value the businesses of our clients like our own, and always go above and beyond to ensure their success.

How It Works

Our partners love the work that we do

Read what our clients have to say about their experiences working with Time Investment.

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Frequently Asked Questions

What is Time Investment?

Time Investment is a third-party finance company that collaborates with lenders/distributors to provide consumer financing options at suitable loan terms. We allow the end-customers of our clients to pay for expensive products and services through convenient monthly payment plans.

How will plumbing financing help my customers?

With the help of Time Investment Company, you can solve the electrical and plumbing problems of your prospects without acquiring an upfront payment from them. That way, they won’t have to break the bank to acquire the services of your electrical/plumbing company. And you will still receive the total amount upfront from us.

Which service areas do you cover for offering consumer financing?

We offer consumer financing options for a wide range of service areas/niches, including medical treatments & services, home improvements (electrical appliances, plumbing, furniture, windows, roofing, etc.), home food services, energy conservation, water filtration, memorial services, and more.

What credit scores do my customers need to get approval for financing?

The best thing about Time Investment is, we offer a finance plan for people with bad credit scores or low FICO scores. We offer extensive loan programs for prime, non-prime, and no credit score customers. If they have a bad credit history, nothing can stop them from being your customer. All we do is check for a few parameters before processing such loan applications.

Is there anything else that makes Time Investment different?

Another thing that makes Time Investment great is our amazing raving fan customer service. Our team will always be there to assist you through anything you need and provide exclusive advice, keeping your best interests in mind.

Is it difficult to get financing from Time Investment?

Unlike most finance companies, Time Investment doesn’t use mere formulae and number crunching for credit approvals. Instead, we use Common Sense Lending, in which one of our team members will jump on a call to discuss realistic options to help as many of your prospects as possible.

How to Offer Plumber Financing to Customers

How to Offer Plumber Financing to Customers
Updated on August 26th, 2020

Nowadays, the need for plumber financing plans in the U.S. is more present than it has ever been before.

At a time where more and more professionals are joining the plumbing industry to cater to the rise in demand for these types of services, this conclusion is logical. The stats paint an illustrative picture.

Based on a 2020 industry research report shared by Ibis World, the U.S plumbing industry has a market size of an estimated $107B, a statistic that indicates that the market is on the rise.

What’s more, stats also point to an elevated percentage of household plumbing needs. A report from Plumbing Manufacturers International indicated that roughly 10% of American households have plumbing leaks that collectively add up to 90 gallons of wasted water daily. Not to mention the sheer number of other plumbing-related issues that homes suffer from all across the U.S.

With the growing need for these services, some homeowners constantly find themselves struggling to cover these expenses.

As a plumbing company or independent plumber, you can do your part to help your customers by offering plumber financing to them.

In this blog post, we’ll break down how this can be a lucrative option for your business and the ways in which you can go about delivering this solution to homeowners.

An Overview of Plumber Financing

Plumber financing is a line of credit awarded for plumbing-related projects. With it, a homeowner or property owner can cover the costs of their expenses.

With regard to the specific types of projects which plumber financing can cover, they vary. Lines of credit usually cover work related to pipes, water heaters, tanks, emergency repairs, and fittings. To be more concrete, these encompass plumbing repairs like burst pipes or faucets, unclogging blocked pipes, and drainage work.

However, plumber financing also covers other types of projects which may not necessarily be classified by some as plumbing-related. These are usually considered home improvement projects or home repairs. For that reason, they are also called home improvement loans in some circles. For example, the installation of a jacuzzi tub, any type of bathroom overhaul, air conditioning/HVAC work, or even some types of kitchen work can be considered eligible for plumber financing. These are some of the major types of plumbing system projects for which homeowners seek lines of credit.

That said, it is up to the lender (the company providing the line of financing) to determine the specific reasons for which the borrower (the one requesting financing) can be granted a plumbing project whatever the application process may be.

Once the line of credit is granted, the borrower is subject to repayment based on the terms and conditions established by the lender.

What Plumber Financing Does For Lenders

Offering plumber financing to homeowners is a lucrative initiative that promises a wealth of potential benefits for lenders.

Here’s a breakdown of some of the main benefits:

Types of Plumber Financing

Before diving into the most ideal way in which you ought to deliver plumber financing solutions, it is important to first dissect the existing solutions that homeowners are most exposed to.

They are as follows:

Home Equity Loan

A home equity loan, also called a second mortgage, allows one to secure a loan using the equity accumulated on their home during a given span of time.

For example, let’s say that a homeowner has a mortgage balance of $300,000 and their home is valued at $400,000.

This means that the borrower’s corresponding home equity loan will be $100,000.

Home Equity Line of Credit (HELOC)

Though similar to home equity loans, HELOCs are different financial products that more resemble how a credit card works.

HELOCs allow homeowners to gain entry to a line of capped-credit which they can use on an as-needed basis.

This limit is usually calculated on a monthly basis throughout the totality of the loan life cycle.

The loaned amount tends to be measured as the difference between the home loan and 80% of your property’s value.

Unsecured Personal Loans

In cases where a homeowner does not have collateral, assets, or is unwilling to use them to secure a loan, they have the option of an unsecured personal loan.

However, with these loans, the homeowner assumes stricter eligibility requirements and usually has to have an excellent credit score since from the point of view of the lender, the loan is risky.

The Dangers of Traditional Financing Plumber Plans

While it is true that the three finance plans mentioned previously are standards in the plumbing industry, that does not necessarily mean that homeowners are satisfied with them.

In fact, all of these plans constitute significant pain points to homeowners.

Here’s why:

All in all, the main problem with these types of plans is that they are not flexible. For that reason, a plumbing company that includes these types of financing options ought to think twice since in most cases, they do not satisfy the demands of their customers.

Instead, the best option would be to offer a flexible finance plan.

Here’s how you can secure them for your customers with Time Investment Company.

TIC for Plumber Financing

Time Investment Company (TIC) is a family-run finance company who has spent over forty (40) years delivering finance solutions to businesses and their customers.

In that time, we have worked tirelessly to develop attractive, flexible finance plans for plumber companies that match the specific needs of their customers.

We collaborate directly with plumbing service providers to provide the funding they need at reasonable repayment terms and conditions and at an interest rate that they can afford.

With TIC, your customers simply pay a deposit on your service and pay off the balance in fixed monthly payments at lower interest rates than they are accustomed to under other finance plans.

At TIC, we are particularly sensitive to the needs and comfort of small and medium-sized businesses as well as their customers. For that reason, we work alongside you to double-down on finance plans that your customers appreciate so you can secure more service orders.

In total, we have worked with more than 250K businesses, successfully funding over $775M over the course of our time as a lender.

Secure the finance solutions you need for your customers by aligning with a finance company who has a proven history of connecting businesses with successful funding plans for their customers.

Takeaways for Plumber Financing

In short, flexible, tailor-made finance plans are the ideal solution for businesses looking to offer funding solutions for their customers.

If you want to differentiate your brand from competitors as an innovative, customer-centric company and pull in more sales, then TIC can help you.

Let us work directly with you to secure the finance plans your customers need to take on their plumbing project.

Reach us via (800) 236-1177 to discover how you can begin leveraging these types of plans for your customers today.