Contractors from across the country are helping homeowners get the funding they need for repairs and updates. If the homeowner is tight on funds or can’t afford the bid you submitted, the Pay-at-Close program may be a great solution for you both.
A funding source for homeowners who need to update & repair their home before they sell. We hand out millions of dollars worth of remodel and repair work for homeowners.
Available to Contractors for their clients
Who Will This Work For?
Benefits for the Contractor
How to Get Started?
Offer the Pay-at-Close program
This program may be the perfect solution for your client if:
- About to lose a contract or take on a smaller project because the client does not have the funds available.
- Dealing with a seller who is facing foreclosure.
- Working with a property owner who may be considering an offer from a wholesaler.
- Unsure that you will be paid in full and on time.
discover the benefits of the Pay-at-Close program
Benefits for Contractors
- You are able to take on a project and know that you will be paid in full and on time.
- Offer your clients a solution that will help save their home and sell for top dollar.
- Easy to Sign Up: Contractors can apply and become an Approved Contractor. You may offer the PAC Program to clients over and over again.
- You are authorized to advertise the Pay-at-Close program as part of your business offerings.
- Marketing Materials Provided
- Sales Training Included
Become an Approved Agent
How to Get Started?
- Contractors: Become and Approved Contractor (See more below).
- Qualify your client for the Pay-at-Close Program
- Build your Contracting Business with a scalable solution.
- Use the Pay-at-Close Program as often as you would like.
The following criteria apply to contractors who will participate and perform the Construction Services subject to the Pay at Close Program.
a) In some instances, contractors may request and receive a deposit. Only contractors that been approved by Company as a vendor (an “Approved Contractor”) are eligible for deposits.
b) To become an Approved Contractor the contractor must have satisfactorily completed 2 or more Pay at Close Program projects as a contractor and the completed projects must have been at least 80% the size of the current project.
c) Alternatively, to become an Approved Contractor prior to the completion of 2 similar sized jobs a contractor must: provide documentation of licenses, insurance, entity type, —provide SSN or EIN for business, authorize Company to run a credit and background check, —conduct a phone interview/video conference call, —provide 2 months bank statements, provide references.
d) A contractor who is not an Approved Contractor may receive interim or progress payments if contractor completes the work in stages and allows inspections of each completed stage prior to submitting a request for payment.
e) Requests for payments must be authorized by the Agent or the funding recipient prior to payment
f) Company has sole discretion to determine whether or not a contractor will be an Approved Contractor.
FREE PAY-AT-CLOSE PROGRAM GUIDE
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