The partnership enables TGUC Financial to lend directly to its network of home improvement contractors, as well as across Finturf’s ecosystem. With this venture, TGUC Financial is deploying over $300 million in capital for home improvement loans, offering 15-year terms and promotional products.
In addition, TGUC joins Finturf’s established lender network, known for up to 84% approval rates in HVAC and other industries.
“We built our Lending-as-a-Service solution for this exact type of situation,” said Finturf CEO David Tonoyan. “Our solution for entering the point-of-sale lending space was a perfect fit for helping TGUC Financial leverage the capital and contractor relationships it already had. We simply provide the end-to-end technology solutions they need to enter the POS sector.”
Finturf’s LaaS solution offers financial institutions a streamlined entry into point-of-sale (POS) financing with features such as:
“This collaboration with Finturf enables us to provide an even more superior lending experience for our contractors,” remarked TGUC Financial founder and CEO Russell Bryant. “With the tailored functionalities of Finturf’s LaaS, TGUC is poised to redefine industry benchmarks, setting new standards in POS financing.”