Get access to funds at key project milestones. Not just at project completion.
With Multi-Stage Financing, you can access a portion of your funds at key project milestones, ensuring continuous cash flow throughout the entire project. You can request funds at multiple stages and pay only for what you use. The faster you finish, the less you pay.
Having access to funds at the beginning of the project allows you to pay for materials, labour, and handle unexpected costs.
Simple, transparent cost structure
Here’s how it works:
- A 7.5% merchant fee is applied to each deposit tranche when it’s released.
- When the project is completed, part of that fee is retroactively refunded.
- This works out to a 1.25% fee per month on the full requested amount, meaning the faster you finish the project, the less you pay.
Now available for the following verticals: Home Renovation, Roofing & Exteriors, Windows & Doors, Alternative Energy, Pools & Spas and Landscaping.
Example fee based on project completion:
| Project Duration | Merchant Fee Paid | Refunded Amount |
| 6 months | 7.5% (full fee) | 0% |
| 3 months | 3.75% | 3.75% |
How Multi-Stage Financing Helps You:
Flexible fees based on your timelines
Fees are only charged based on the amount of time that funds are outstanding, meaning that you only pay based on the duration of your project.
Secure the sale with a commitment today
You can now secure the job by giving your customer the ability to commit now, without having to save for a deposit.
Gain access to your cash
sooner and improve your business cash flow
With Multi-Stage Financing, you can access a portion of the value of the project up front to help fund the job. Unlock the funds you need to place orders for materials and supplies and improve your business cash flow.
Unlock additional customer
segments for high budget projects
Offer attractive methods of payment to those customers who are budget conscious while still meeting the needs of your business. By offering Multi-Stage Financing to your customers, you can help them start their project today without having to use cash or credit for an upfront deposit.
How Multi-Stage Financing Helps Your Customer:
Budget Flexibility
Your customer will only have to make minimal payments until the job is complete which means they’ll enjoy added budget flexibility.
Empower bigger renovations
Lower upfront costs enable homeowners to pursue higher-value projects, leading to larger contracts for you.
Faster project completion times
Quicker access to deposit funds gets projects started sooner, leading to quicker project completion times.
Increase customer confidence and satisfaction
Payment tied to progress builds trust, making homeowners more likely to choose you and recommend your services.
Connect with a Financeit representative to get started.