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HERO/Benji CFM Equipment Dealer Credit Example for HVAC
(These numbers are for illustration only)

BEST SYSTEM


Dealer's Total Sale: $18,650.00

Customer Monthly Payment (If financed): $267.50

Credit Earned On CFM Dealer Account * (1% If financed): $186.50

Dealer's CFM Invoice: $6,000

GEOSmart Credit as a % of Invoice: 3%

BETTER SYSTEM


Dealer's Total Sale: $14,287.00

Customer Monthly Payment (If financed): $198.50

Credit Earned On CFM Dealer Account * (1% If financed): $142.87

Dealer's CFM Invoice: $4,200

GEOSmart Credit as a % of Invoice: 3.4%

GOOD SYSTEM


Dealer's Total Sale: $6,250.00

Customer Monthly Payment (If financed): $178.50

Credit Earned On CFM Dealer Account * (1% If financed): $62.50

Dealer's CFM Invoice: $1,800

GEOSmart Credit as a % of Invoice: 3.5%

* Note – To cover the cost of your EGIA membership, you will receive an additional $35 in dealer credit each month that you complete at least 2 projects that are funded with HERO/Benji financing.

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HERO/Benji CFM Equipment Dealer Credit Example for Solar
(These numbers are for illustration only)

4 kW SYSTEM @ $4/WATT


Dealer's Total Sale: $16,000

Customer Monthly Payment (If financed): $220

Credit Earned On CFM Dealer Account * (1% If financed): $160

Dealer's CFM Invoice: $6,400

GEOSmart Credit as a % of Invoice: 2.5%

* Note – To cover the cost of your EGIA membership, you will receive an additional $35 in dealer credit each month that you complete at least 2 projects that are funded with HERO/Benji financing.

Stop Running Your Business The Hard Way

Running a Successful Contracting Business Doesn’t Need to Be So Difficult

Is your contracting business dominating your time? Are you constantly looking for ways to lower your costs, increase your revenue or streamline your operations? Simply put, is your business providing the results you desire?

EGIA membership offers contractors all the tools they need to run or grow a successful contracting business, while freeing up your time and money and giving you your life back. EGIA membership comprises four primary cornerstones designed to revitalize your business: world class contractor educational programs; cost-cutting discounts and rebates on products and services you use daily; exclusive industry leading financing offers; and new actionable industry research delivered monthly.

Contracting Business and CONTRACTOR have partnered with EGIA to provide their subscribers and readers with an exclusive EGIA membership offer that is not available anywhere else.

View Membership Options & Join!

  • Contractor University

    Unlock The Business & Life You’ve Dreamed Of

    Make happy customers and coworkers, while generating more freedom, more money, personal fulfillment and a comfortable retirement.

    Do business concerns like making payroll or paying your bills keep you up at night? Do you have business systems and people you can trust and rely on to run the show without you being there? Or do you simply want to take your already-successful business to an even higher level of success?

    Through EGIA Contractor University, you can now leverage a comprehensive blend of powerful classroom instruction and convenient online training systems that deliver proven roadmaps to success from the most accomplished team of educators, consultants and trainers ever assembled in the industry. From pricing and sales to operations and marketing – and everything in between – EGIA Contractor University is here to help your business thrive so that you can enjoy the life you’ve dreamed of.

    Request A Free Sample Training Package

    EGIA CONTRACTOR UNIVERSITY EDUCATIONAL RESOURCES

    EGIA Contractor University offers the following educational resources that are designed to help you take your business to the next level of success.

    Online Resources

    HVAC Sales Academy


    HVAC Sales Academy delivers world-class sales training from industry expert Weldon Long directly to you and your sales team without the need for expensive travel and time away from your business. This online based training system features beautiful high definition streaming videos and a learning management system that requires all participants to demonstrate their total comprehension of the various lessons, each step of the way, before progressing through the rest of the sales training curriculum.

    HVAC Sales Academy Video

    Contracting Best Practices Platform


    The Contracting Best Practices Online Training Platform is your one-stop shop for business building resources. With this powerful resource, you’ll unlock a vast library of high definition training videos, implementation tools, templates, self-evaluation scorecards and more around virtually every area of running a successful HVAC business. All of the educational content provided through this comprehensive learning tool is delivered by the acclaimed EGIA Contractor University faculty and is conveniently available to you on-demand, 24 hours a day, 7 days a week through an easy-to-use online platform.

    Contracting Best Practices Video

    Who Has Access

    • Both Contracting Business Success and Premium EGIA Members receive full access to the HVAC Sales Academy and the Contracting Best Practices Online Training Platform.

    Conferences

    Strategic, business building events featuring headliner keynote presentations, focused breakout sessions, networking opportunities and more.

    “Every single moment of this conference was not only educational, but life changing. There is so much in my personal and professional life that I will apply this knowledge to. I learned more than I ever thought I would in such a short time. I look forward to the next conference.” — Nathan Rankin, Air Heat North Texas

    Who Has Access

    • Contracting Business Success Members: Receive 1 free registration to the Contractor Leadership LIVE Conference per year.
    • Premium EGIA Members: Receive 3 free EGIA Contractor University or Contractor Leadership LIVE conference registrations and one 2-night stay at a conference hotel per year.

    Educational Workshops

    Classroom style educational/training events focused on specific topics related to running a successful contracting business. Educational Workshop topics include: marketing, sales, operations, customer service, business financials, pricing, branding, lead generation, business leadership and more!

    “I have never had this level of training, anywhere. Words cannot describe the value. Simply amazing!” — Ryan Cornell, Service Champions

    Who Has Access

    • Contracting Business Success Members: Eligible to register for any EGIA Contractor University Educational Workshops at the standard list price.
    • Premium EGIA Members: Receive two FREE passes to every one of our educational workshops. Additional passes to any workshop are only $199 for a 1-day training and $299 for a 2-day training.
  • GEOSmart Financing
    GEOSmart Financing Clearinghouse

    Gain access to an industry-leading portfolio of residential and commercial financing programs that make investing in energy efficiency upgrades more affordable then ever. Click on any of the financing programs below to learn more.

    Added Bonus: On select programs, contractors can receive a 0.5% rebate each month on all funded loan volume. Example: A contractor with $100,000 in funded loans in a given month will receive a $500 rebate.

    Installment+ Loan Program


    Program Highlights


    This program features a revolutionary paperless application process and the transaction with the customer is processed like a credit card.

    Program Highlights

    • Unsecured installment loans to $55,000
    • Fixed APR promotions from 0% to 11.99%
    • Terms to 12 years
    • Close in home in minutes
    • No interest / no payment options for 6, 12 or 18 months
    • No interest with payment options for 6, 9, 12, 18 or 24 months

    Revolving Credit Program


    Program Highlights


    This program allows homeowners to get an open line-of-credit with their chosen contractor that can fund current and future projects. This program features limited paperwork, easy funding and several different financing promotions.

    Program Highlights

    • Unsecured financing up to $35,000 with approved credit
    • Special APR promotions from 5.90% to 12.90%
    • Fixed monthly payments as low as 1.75%
    • No interest with payment options for 6-18 months
    • No interest with equal monthly payment options available

    Flex Loan Program


    Program Highlights


    Access multiple programs with one call including installment payments, same-as-cash options, no equity 2nd mortgages as well as programs for credit challenged customers. No proof of income is needed on unsecured loans under $15,000. This is a great option for contractors who need a variety of solutions in one place.

    Program Highlights

    • Unsecured installment loans to $45,000
    • Secured “Second-Look” options available
    • Fixed APR buydown options as low as 2.99%
    • Terms up to 20 years
    • Stage funding is available
    • With payment deferred interest options for 6, 12, 18 or 24 months
    • No interest / no payment options for 3, 6, 12 or 18 months
    • No interest with equal monthly payment options available

    Express Loan Program


    Program Highlights


    Great for contractors new to financing. The customer application process is paperless and the funding is simple. Note: Does not finance photovoltaic solar.

    * Interest waived if loan is paid in full during same as cash term

    Program Highlights

    • Unsecured installment loans to $45,000
    • No interest / no payment Same As Cash options up to 24 months*
    • Fortiva 2nd Look Financing option for credit challenged customers
    • Fixed APR promotions from 2.99%-9.99%
    • No interest with equal monthly payment options available
    • Terms to 12 years
    • Close in home in minutes with multiple paperless application options

    Premium Express Loan Program


    Program Highlights


    This is an enhanced version of the Express Loan Program for premium members. This program features a higher maximum loan amount, extended repayment terms and a 0.5% monthly contractor rebate on all funded loan volume.

    *Interest is waived if loan is paid off in full during same as cash term.

    Program Highlights

    • Unsecured installment loans to $65,000
    • No interest / no payment Same As Cash options up to 24 months*
    • Deposits up to 50% of the loan amount
    • Combo Loans for Solar customers
    • Fortiva 2nd Look Financing option for credit challenged customers
    • Fixed APR promotions from 1.99%-9.99%
    • No interest with equal monthly payment options available
    • Terms to 20 years
    • Close in home in minutes with multiple paperless application options
    • Financing for most projects including HVAC, Geothermal, and Solar PV.
    • 0.5% monthly contractor rebate on all funded loan volume (Example: $100,000 in funded loan volume = $500 contractor rebate)

    Web Loan Program – Canada


    Program Highlights


    This program is ideal for contractors who prefer to use a web-based financing platform and do not want to pay any merchant fees. Note: This program is only available to contractors in Canada.

    Program Highlights

    • Amortizations available up to 15 years (always the lowest payment)
    • Unique branded, customer facing pre-approval application available
    • Contractor commissions for any payment protection package
    • Consumer rates from just 6.99%
    • Paperless process with e-signature contracting
    • No interest (0%) equal payment programs starting at 3.9%
    • Multi-lender platform allows us to extend more approvals and say yes more often

    SolPower Lease Program


    Program Highlights


    Great for homeowners interested in worry-free lifetime system monitoring & maintenance, with zero down payment, predictable monthly payments & no dealer or home owner fees. Lessor monetize solar credits to lower the homeowner’s monthly payment. Note: This program is only available for solar installations and to contractors in AZ, CA and HI.

    Program Highlights

    • Incentives passed to homeowner in lower lease cost
    • Buyout option after the 6th year or at end of term
    • Lease can be paid off or assumed in the event of property sale
    • $0 down
    • 20 Year Term
    • Warranty, monitoring, & insurance coverage for term of lease.
    • Up to 20% upfront payment to reduce monthly payment
    • Option of zero annual escalator or a 2.9% annual escalator

    SolPower Loan Program


    Program Highlights


    Great for homeowners who want to own their solar system. Homeowners benefit from low monthly payments, 30% of the loan is interest and payment free for the first 12 months. With no money down and fixed rates, homeowners can maintain their energy costs while utility costs rise. Note: This program is only available for solar installations and to contractors in AZ, CA, CO, FL, GA, HI, OH, OR, MI, MN, NC, NJ, SC, TN, TX, WA, & UT.

    Program Highlights

    • Retail Installment Agreement – 30% held in interest-free (30% ITC)
    • Customer owns system and all tax and solar incentives directly
    • Fixed rates from 10 years at 1.99% to 20 years at 4.99%
    • Loan is unsecured and does not use customers home as collateral
    • Loan covers materials, installation & development up to 100%
    • 10, 12, 15 or 20 year terms
    • $0 down payment options
    • No prepayment penalty
    • Tax incentives can be held in a no interest, no payment balloon for 12 months
    • Equipment warranty & monitoring provided for loan term
    • Qualify with FICO scores to 640

    Supplemental Financing Program


    Program Highlights


    This is another great option for contractors looking to supplement their traditional financing offerings with a solution that serves customers with challenged credit.

    Program Highlights

    • Credit scores as low as 550 considered
    • Standard APR is 15.75%
    • Deferred interest up to 12 months available
    • Lines of credit up to $15,000
    • No penalty APR rates or loss of promotional terms for late pays
    • No annual or monthly fees
    • Repeat purchase capability

    HVAC Lease Program


    Program Highlights


    This comprehensive lease program provides affordable payment plans to both residential and commercial customers. This quick, easy-to-use and streamlined program helps contractors increase their close ratio by approving a wider range of projects and customer credit profiles.

    Program Highlights

    • Lease terms up to 6 years with rates as low as 9.90%
    • Lease minimum just $500 and up to $20,000 (residential) / $100,000 (commercial)
    • Single solutions provider for customers with great and challenged credit
    • Easy online application process with instant credit decisions under $10,000
    • Income verification is generally not required
    • 100% of invoice amount is paid to the contractor within 24 hours of confirmed installation
    • Commercial start up financing programs offered up to $25,000

    Commercial Financing Program


    Program Highlights


    This program is ideal for commercial businesses who are looking to finance larger comprehensive upgrades to their facility. Offer this program to your commercial customers or use it to finance your own property improvements. Note: The customer must own the commercial property in order to utilize this program.

    Program Highlights

    • Loans from $25,000 to $5 Million+
    • Loans can exceed $5 million based on property value and company financials
    • Fixed interest rate of 6% APR (2.75% plus prime)
    • Loan terms of 5, 10, 15 or 20 years
    • Progress payments available
    • Fixed 3% dealer fee on all loans
    • Credit decisions within 48 hours
    • Simple online application process

    Commercial Leasing Program


    Program Highlights


    This program is ideal for commercial businesses who are looking to lease small and medium sized upgrades to their facility on a short-term of 5 years or less.

    Program Highlights

    • Lease amounts starting as low as $5,000
    • Terms up to 60 months
    • Competitive interest rates
    • Simple credit application & fast credit turnaround
    • No financial statements required for projects under $150,000

    Working Capital Loan Program


    Program Highlights


    This program offers short-term working capital for your own company through true business loans that can help build your business’ credit. It provides faster access to working capital and requires less paperwork than a bank loan.

    Program Highlights

    • Terms from 3 – 12 months
    • Competitive transparent pricing with fixed daily payments
    • Quick application process with same-day approvals
    • Loans are funded within 48 hours with money direct deposited into borrowers account
    • Borrowers are eligible to renew their loan for additional funds

    Square One – The Solution for Contractors New to Finance


    Program Highlights


    If you want to start using consumer finance solutions for the first time or need personal support when offering finance, Square One is for you. Square One provides your customers with fixed interest rates and helping hand to you. The Square One representatives will help you decide what programs to offer and show you how to offer them.

    Program Highlights

    • Lends up to $35,000
    • $300 Minimum allows customers to finance repairs
    • 6 & 12 Month Deferred interest options
    • Dedicated Account Manager
    • No monthly minimums
    Installment+ Loan Program
    Revolving Credit Program
    Flex Loan Program
    Express Loan Program
    Premium Express Loan Program

    Premium

    Member

    Square One Program
    Web Loan Program
    Supplemental Financing Program
    HVAC Lease Program
    Commercial Financing Program
    Commercial Leasing Program
    Working Capital Loan Program

    Who Has Access

    • Both Contracting Business Success and Premium Members have access to the GEOSmart Financing Programs.
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