TORONTO – (BUSINESS WIRE) – February 10, 2021–
Jobber, the leading provider of home service management software, today announced a partnership with Wisetack to enable home service companies to offer financing options to their customers. With the new consumer finance feature, homeowners can pay in monthly installments for jobs like home renovations, landscaping, roof repairs, a new stove or air conditioning. This gives you more flexibility when carrying out large projects or urgent and unexpected repairs. While homeowners have the benefit of paying over time, home workers who use jobbers will still receive full payment for a job once 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 Sam Pillar, CEO and co-founder of Jobber. “Jobber customers can now offer premium services with more confidence, and homeowners can take on projects and repairs with one convenient and flexible payment option. We’re excited to add consumer finance to Jobber’s financial solutions and empower small businesses to deliver great service to their customers. “
“The reach of jobbers among home service professionals allows us to be more accessible to more businesses across the country,” said Bobby Tzekin, CEO and co-founder of Wisetack. “We have had really great feedback from the service providers we’ve worked with so far and we’re excited to be helping more companies with this launch.”
Consumer finance can be automatically offered through Jobber for housing offers between $ 500 and $ 25,000. To apply for monthly funding, homeowners fill out a brief application and receive an instant decision. The annual percentages (APR) are between 0 and 29.9 percent. No prepayment penalties, origination fees, late fees or compound interest are charged to the homeowner’s account. *
“My client was extremely grateful for this consumer funding option,” said Jobber client Jeff Kerr, owner and operations manager at Marlin Wastewater Services. “The repair came at a really bad time for her and she felt really good.” I think it’s an amazingly simple process too. “
A survey of 1,000 U.S. adults (25 years and older) commissioned by Jobber found the importance of the consumer finance option to homeowners and how it can mean the difference between a service professional gaining or losing a job. In fact, 62% of respondents said they would choose one home service provider over another if the company offered monthly funding. Further results of the study are:
Encouraging dream projects for homeowners
Sixty-three percent (63%) of homeowners said they would be willing to take on a more expensive project if they had an option to finance. More than half of homeowners (54%) have postponed a project for lack of money, while one in four (25%) has considered borrowing against their 401,000 for a home improvement project.
Enable 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 available for emergency repairs, and 39% said they had $ 1,000 or less. Homeowners ages 45 to 54 have the lowest amount of cash available for emergency repairs. More than half (53%) report reserves of $ 1,000 or less.
Younger homeowners value consumer finance
Throughout the survey, younger respondents (25-34) showed a stronger opinion about the ability to fund domestic service projects. Eighty percent (80%) would prefer one home service provider to another because they offer monthly financing – eighteen points above the overall average. Seventy-seven percent (77%) of homeowners in this age group would also take on more expensive projects if they could pay in monthly installments. More than half (53%) booked a home service project on a credit card so they could pay for it over time.
Customer financing is available to Jobber customers in the United States who meet the eligibility requirements and have been approved by Wisetack. For more information on how this feature can benefit your plumbing, HVAC, landscaping or other household services business, please visit: https://getjobber.com/features/consumer-financing/
Jobber is an award-winning business administration 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 offer 5-star service on a large scale. Jobber’s 100,000+ domestic workers have served over 12 million households in more than 47 countries. The company is consistently one of the fastest growing and most innovative companies in Canada by Canadian Business and Macleans, The Globe and Mail, Fast Company and Deloitte. Further information can be found at: https://getjobber.com/.
Wisetack makes it easier for personal businesses to offer finance to their consumers. With its API suite, Wisetack embeds financing options in software platforms that companies already use in their daily operations. Personal businesses can provide funding to consumers and grow their sales in minutes. Consumers can pay for purchases that make their life better over time, with no surprises or unexpected fees.
* All loans are subject to credit approval. Your terms may vary. Wisetack loans are issued by Hatch Bank. See wisetack.com/faqs.
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KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE OTHER PROFESSIONAL SERVICES CONSTRUCTION AND REAL ESTATE DATA MANAGEMENT TECHNOLOGY FINANCING SMALL COMMERCIAL BANKS PROFESSIONAL SERVICES WOMEN MEN LANDSCAPE SOFTWARE INTERIOR DESIGN
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PUB: 02/10/2021 09:00 am / DISC: 02/10/2021 09:02 am
Copyright Business Wire 2021.