It’s no secret that financing options have become the norm. In the past, people saved money for years in order to pay for the products or services they needed. Now with a marketplace filled with lenders and FinTech companies, normal Americans can make regular and affordable monthly payments for the same things.
Financial markets in the United States represented 7.5% (or $1.45 trillion) of U.S. gross domestic product. This high-growth sector translates into substantial economic activity and direct and indirect job creation, according to SelectUSA.
Contractors aren’t excluded from this financing craze. When your customers are preparing to make a home improvement, financing is usually the best option for their budget.