MOST FREQUENT QUESTIONS AND ANSWERS
The annual percentage rate, or APR, depicted on the Platform by various Lenders, depends on many factors, including the Customer’s credit score, the amount of debt they currently have, their income, the amount of financing they wish to obtain, and many other factors. Customers can see rates as low as 3.99% and as high as 29.99% (sometimes higher).
The Platform works like Expedia for Dealers. The Platform offers every type of loan for backyard accessories and structures available in the marketplace. Lenders are competing to get the Customer the best loan possible.
The duration of the loan, or term, that is depicted on the Platform by various Lenders, also depends on many factors, just like the APRs. Customers can see terms as short as 2 years or as long as 15 years (or higher in some cases).
Funding will take place within 12 to 48 hours after full approval, either using Wire or ACH directly to the Customer.
Using the platform to see your offers is FREE. You only pay the “Customer Success Fee” if and when the loan is funded.
Customers can complete the financing application in just a few minutes!
After you have completed the job and your customer signs off, the money will be deposited directly into your account 12-48 hours later.
If you are using D2C lenders your customers will be paid directly by the lender who then, in turn, pay you.
Customers can see financing options and get approvals with a FICO score as low as 500, subject to Lenders’ criteria, Customer’s credit worthiness, and ability to repay the loan.
Yes. Let your customers sign up using your QR Code. This QR Code can be placed on your website, in your store, or on any promotional materials you distribute.
For promotional materials, you can also use the sample designs from our dealer resources website page.
Customers who scan the QR Code will be directed immediately to the sign-up page, making it simple for them to register as a user and get started while making your job as a dealer easier.
First, you will need to find a free QR code generator from Google. Next, paste your URL into the generator. Finally, download the code and use it for your promotion.
Visit our dealer resources web page and check our video to learn how to make a QR code.
To get your URL, you’ll want to check the settings of your Backyard Finance administrator account. Then go to Account, and from there, you can find the short link that’s been assigned to you. Copy that short code, and paste it into the QR generator!
On our dealer resources website page, we have a short video that shows you how to add your URL to the QR Code generator.
Yes, we do offer a free demo of our platform. You can visit our home page and fill out the “Schedule a Demo” form. Our staff will review your request and contact you shortly to schedule the demo.
During the demo, our staff will give you a comprehensive overview of the platform’s features and functionalities. You will be able to ask questions and see how the platform works in real time.
The demo typically lasts about 30 minutes to an hour, depending on the complexity of the platform and the questions you may have.
The demo is completely free, and there are no hidden costs. We want you to have a clear understanding of what our platform can do before you commit to applying for financing.