Financing is a Winning Strategy During COVID-19

By Karen L. Edwards, RCS Editor.

Learn how to grow your business with Beacon homeowner financing.

Beacon Building Products is committed to helping contractors succeed in normal times and even more so during the current pandemic. They have implemented a series of educational webinars highlighting the resources they offer to contractors with a recent one addressing the importance of offering financing to your customers. 

With many people experiencing a loss of income during the pandemic, contractors may find homeowners more reluctant to commit to the large expense of a roof replacement. In their recent webinar, “Growing Your Business with Beacon Homeowner Financing,” the company shared some startling statistics about homeowners:

• 82% have less than $5,000 in the bank

• 70% intend to finance large purchases

• 20% use credit cards for large purchases

• 10% pay cash for large purchases

They also shared that contractors who advertise the availability of financing were 72 percent more likely to be selected (according to a 2019 Harris Poll Survey). Knowing that, why wouldn’t you want to take advantage of Beacon’s financing program? The program covers financing for almost all home improvement projects, including roofing, siding, windows, doors, skylights, decking and railing, additions, remodels, outdoor kitchens and many other projects.

The Beacon financing program can be all digital and paperless with e-sign capabilities. A credit decision is delivered in one to two minutes. Among the 60+ finance plans available, the most popular options during the pandemic offer appealing terms for homeowners with six months of no interest and no payments followed by a low annual percentage rate with low monthly payments. Contractors receive their payments within 24 – 48 hours of requesting funding – a nice way to keep cash flowing in your business.

Watch the webinar on-demand for full details.

Learn more about Beacon Building Products in their RoofersCoffeeShop® Directory.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of residential and commercial building products in North America, operating over 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of over 110,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT, and has a proprietary digital account management suite, Beacon Pro+, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.