Considering an alternative to GreenSky? Discover contractor financing solutions that simplify customer applications, offer flexible payment options, and help businesses close more jobs.
Updated October 2026 · Published by Contractor Financing Solutions
GreenSky is an established financing option for home improvement contractors. Its March 2024 announcement reported more than 10,000 active merchants and nearly 6 million consumers funded. Contractors can offer financing during an estimate and request customer-authorized payments as work progresses.
The main questions are whether GreenSky offers the right terms for your customers, how its transaction fees affect your pricing, and what happens when an application is declined. Its deferred-interest promotions also require clear explanations: customers may owe accrued interest if they do not pay the promotional balance in full by the deadline.
The alternatives below differ in contractor fees, loan limits, payment timing, financing terms, and whether funds go to the homeowner or directly to your business.
Quick Take
Keep GreenSky if its promotional plans work for your customers, you are comfortable with its fees, and customer-authorized progress payments suit your projects.
Compare Service Finance and Momnt if you want other contractor-paid financing programs. Service Finance offers a broad selection of plans and a ServiceTitan integration; Momnt offers customer-approved payment requests and ACH funding.
Consider a multi-lender marketplace such as Contractor Financing Solutions if you want to show customers additional lending options, including programs for different credit profiles. Loan amounts, approval and funding arrangements vary by lender.
Editorial disclosure: Contractor Financing Solutions publishes this comparison and is one of the providers covered. Product details and advertised figures reflect the source material reviewed for this article and may change. Verify fees, eligibility, terms, and funding arrangements with each provider.
Note: Maximum loan amounts and credit limits depend on borrower creditworthiness and lender requirements. “Undisclosed” indicates rates and terms are private until merchant onboarding.
| Provider | Loan Limits | Contractor Cost | Who Receives Funds | Promotional Structure |
|---|---|---|---|---|
| GreenSky | Up to $100,000 | Per-transaction fee (Undisclosed) | Contractor direct ACH (staged progress draws supported) | Deferred-interest promotions and reduced-rate loans |
| Service Finance Company | Undisclosed | Undisclosed (varies by plan) | Contractor direct ACH upon job completion | 50+ promotional and standard installment plans |
| Momnt | $3,100 to $75,000 | Dealer fees vary by plan (Undisclosed) | Contractor direct ACH via same-day or next-day ACH | Same-as-cash, 0% APR, and standard fixed-rate loans |
| Contractor Financing Solutions | Up to $100,000 | Enrollment fee + merchant fees from 3.9% ($0 dealer fee plans available) | Contractor direct ACH or homeowner based on program | Fixed installments across prime to subprime programs |
| Synchrony HOME | Undisclosed credit limits | Merchant discount fee (Undisclosed) | Merchant account as a revolving card sale | 6- and 12-month deferred interest; up to 60 months |
| Wisetack | $500 to $25,000 standard (up to $65,000 for top tiers) | Transaction fee from 3.9%; no setup fees | Contractor, in 1 to 3 business days post-completion | Short-term 0% APR and clear monthly installments |
| Hearth | $1,000 to $250,000 | $1,499 to $4,999/year + $99 setup; $0 dealer fee | Homeowner receives loan; you bill on your schedule | Personal loan marketplace; select 0% promo cards |
| Acorn Finance | Up to $100,000 | $0 for contractors | Homeowner receives loan proceeds; you collect directly | Standard fixed personal loans without promos |
GreenSky connects enrolled home improvement contractors with financing offered by participating financial institutions. Following its acquisition by a Sixth Street-led group in March 2024, GreenSky continued operating its contractor financing program.
Contractors present GreenSky financing to homeowners and submit payment requests through the merchant process. The customer must authorize a charge before funds are sent to the contractor. Depending on the project and program, payments may be requested at agreed stages rather than only after the entire job is finished. Confirm the payment schedule and settlement timing in your merchant agreement.
GreenSky does not publish a single credit-score cutoff that applies to every program. As with other lenders, a customer may be declined based on credit history, income, debt obligations, or other underwriting criteria. Contractors who want another option after a decline may consider a separate financing provider. Customer authorization also matters: a 2021 CFPB enforcement action addressed loans opened without proper consumer consent.
Some GreenSky plans offer deferred-interest promotions. With this structure, interest can accrue during the promotional period. If the promotional balance is paid in full by the deadline, the accrued interest is generally waived. If it is not, the borrower may owe interest dating back to the purchase, according to the agreement. These plans should not be described as equivalent to a true 0% APR loan.
What Dealer Fees Actually Cost Your Business
Promotional financing can carry a dealer fee. That fee reduces the amount your business receives from a financed transaction. Ask each provider for a written schedule showing the cost of the plans you intend to offer.
On an $8,000 job, each percentage point in dealer fees equals $80. On a $25,000 roof, it equals $250; on a $45,000 remodel, it equals $450. For illustration, an 8% fee on a $45,000 project is $3,600, compared with $1,350 at 3%—a $2,250 difference in contractor payout. These are examples, not verified GreenSky fee quotes.
Fixed-rate installment loans generally have scheduled payments and do not use the same deferred-interest structure, but the contractor may still pay a fee. Acorn Finance and Hearth instead offer homeowner-funded personal loan options, leaving the contractor to collect payments under the project contract.
Best Direct Replacement for HVAC and Trade Shops on ServiceTitan
Service Finance is another contractor financing program, owned by Truist, with promotional and standard installment plans. It supports several home improvement trades and integrates with ServiceTitan, which may be useful for contractors already using that software. Ask for its current dealer fees, loan limits, and funding rules before comparing it with GreenSky.
Pros
+ Owned by Truist, an established bank.
+ Large catalog of promotional and standard plans matching GreenSky’s range.
+ Native workflow built directly into the ServiceTitan mobile app.
Cons
− Approval depends on lender credit requirements.
− A declined customer may need to apply with another provider.
− Promotional plans present the same deferred-interest exposure as GreenSky.
Explore in-depth: Service Finance alternatives.
Best for Fast Same-Day ACH and Flexible Milestone Draws
Momnt offers home improvement financing with advertised loan amounts of $3,100 to $75,000 and terms that can extend to 15 years for eligible programs. Contractors can request payments through its portal, with homeowner authorization by text. ACH timing and available plans depend on program requirements.
Pros
+ Fast ACH deposits arrive same-day or next-day upon customer SMS verification.
+ Offers standard fixed-rate loans alongside promotional same-as-cash options.
+ 15-year amortizations keep monthly payments low on larger jobs.
Cons
− Maximum borrowing limit of $75,000 falls below GreenSky’s $100,000 ceiling.
− Baseline project minimum of $3,100 excludes minor emergency repairs.
− Dealer fee schedules are private and provided during onboarding.
Explore in-depth: Momnt alternatives.
Best for Repeat Service and Retail Showrooms
Synchrony HOME is a revolving credit card rather than a fixed installment loan. Eligible purchases may qualify for promotional financing, and customers can use available credit for future purchases where the card is accepted. Contractors should review the applicable promotional terms, merchant fees, and customer credit limits.
Pros
+ Reusable credit lines encourage customers to call your business for future repair work.
+ Everyday promotional financing activates on modest tickets starting at $299.
+ Widely recognized national consumer finance brand.
Cons
− Deferred-interest clauses bill retroactively if the balance is not cleared in full.
− Standard post-promotional APRs are significantly higher than term loans.
− Merchant discount structures and individual customer credit limits are kept private.
Explore in-depth: Synchrony alternatives.
Platform Profile
Best for Financing Options Across Credit Profiles
Contractor Financing Solutions (CFS) is a financing marketplace, not a lender. Homeowners can check options through a soft-credit prequalification process involving participating lenders. Programs may serve different credit profiles and offer financing up to $100,000, subject to lender criteria. Some programs pay the contractor; others fund the homeowner.
Pros
+ Cascading lender network offers another place to check after a decline.
+ Soft credit pull pre-qualification keeps homeowner a soft inquiry for initial prequalification.
+ Eligible non-recourse programs generally do not make the contractor responsible for borrower repayment, subject to agreement terms.
Cons
− Requires an upfront contractor enrollment fee unlike zero-setup platforms.
− Baseline transaction fees start at 3.9%, though zero dealer fee plans exist.
− Disbursement mechanics vary depending on the participating lender selected.
Best for Service Tickets Embedded in Field Apps
Wisetack offers financing within field-service platforms such as Jobber, Workiz, and Housecall Pro. Contractors can share payment options from estimates or invoices. Its published standard loan range is $500 to $25,000, with higher limits available to some eligible businesses. Fees and funding timing depend on the program.
Pros
+ Operates seamlessly inside existing dispatch and invoicing software.
+ Clean transaction fee structure with zero setup or monthly membership overhead.
+ Fixed installments without deferred-interest penalties for homeowners.
Cons
− The $25,000 standard limit cannot finance full-scale renovations or major roof replacements.
− Payout is released only after the customer marks the job completed.
− Onboarding requires verified revenue of $150,000 or more and a year in business.
Explore in-depth: Wisetack alternatives.
Best for Flat Annual Subscription Cost
Hearth combines a homeowner personal-loan marketplace with contractor software tools. Its published pricing in the source material ranges from $1,499 to $4,999 annually plus a setup fee. Hearth advertises no per-loan dealer fees; the homeowner receives the loan proceeds and pays the contractor according to the project agreement.
Pros
+ Zero dealer fees per transaction, ensuring fee costs do not escalate on larger jobs.
+ Highest available loan limit ($250,000) for major home additions and whole-home builds.
+ Subscription package includes built-in digital contracts, estimates, and billing tools.
Cons
− Fixed subscription overhead applies even during off-season months with zero financing volume.
− Funds disburse directly to the customer, leaving payment collection with your office.
− Invoicing software features may duplicate platforms you already maintain.
Explore in-depth: Hearth pricing breakdown.
Best for Zero Contractor Overhead
Acorn Finance lets contractors share a financing link with homeowners who want to compare personal loan offers. Acorn advertises no enrollment, subscription, or dealer fees for contractors and loans up to $100,000. The lender pays the homeowner, who then pays the contractor under the project contract.
Pros
+ Completely free for contractors, preserving the full contracted price before other business costs.
+ Multiple competing loan offers presented to the client in a single view.
+ Upfront pricing remains unchanged without needing dealer fee surcharges.
Cons
− The customer receives the payout, meaning you must collect project payments directly.
− Lacks zero-interest promotional plans that help close certain buyers.
− Does not support contractor-directed staged milestone disbursements.
Explore in-depth: Acorn Finance alternatives.
Start with the size of your projects, whether you need progress payments, the credit profiles of your customers, and the total cost to your business.
Prime Promotions
Stay with GreenSky if:
Direct Replacement
Pick Service Finance or Momnt if:
Multi-Lender Network
Choose a Marketplace if:
GreenSky may be a good fit for contractors who value promotional financing and direct payment. But no single program will meet every homeowner’s needs. Having another financing option can be useful when a customer does not qualify or wants different repayment terms.
Contractor Financing Solutions (CFS) connects homeowners with participating lenders through a financing application. Contractors can offer it alongside an existing program, including GreenSky. Available offers, approval decisions, and payment arrangements depend on the lender and borrower.
If you’re adding financing for the first time or expanding your current options, CFS can help you compare programs by typical project size, customer mix, and payment preferences.
Contractor Financing Solutions is not a lender. Financing is provided by participating third-party lenders. Approval, rates, loan amounts, terms, and funding arrangements vary by program and borrower qualifications.
We compared each provider with GreenSky on contractor cost (enrollment, subscription, and per-transaction fees), who receives the loan funds and when, loan limits and terms, the credit range each program serves, promotional structure, and fit with field service software. Sources were each provider’s own website and help center, official partner pages, SEC filings, CFPB records, and NerdWallet, all checked in October 2026. Where a provider does not publish a figure, we say so rather than estimate it.
GreenSky is owned by an investment consortium led by Sixth Street that includes KKR, Bayview Asset Management, and CardWorks, acquiring the business from Goldman Sachs in March 2024. GreenSky does not lend directly; consumer loans are originated through partner financial institutions including Synovus Bank and Comenity Capital Bank.
Yes. Contractors charge the customer’s GreenSky account, the homeowner confirms the charge via text or email, and GreenSky deposits the proceeds directly into your business checking account via ACH within two business days. Staged progress funding is supported for larger remodeling and roofing contracts.
GreenSky charges a merchant discount fee on every transaction and bills contractors monthly, but specific rates are not published publicly. Transaction fees vary significantly based on the chosen promotional plan, loan term, and dealer tier. Contractors should obtain full fee schedules in writing before enrolling.
GreenSky does not disclose an official minimum credit cutoff. However, its partner banks focus primarily on prime and super-prime borrowers. Homeowners with credit scores below 660 or elevated debt ratios frequently require a multi-lender waterfall to find competitive approvals.
GreenSky loans extend up to $100,000 with repayment durations spanning 5 to 12 years. Final loan caps, interest rates, and terms depend upon borrower creditworthiness, with staged draws available for qualified contracting accounts.
On a deferred-interest promotion, interest accrues in the background from the date of origination. If any portion of the purchase balance remains unpaid when the promotional term concludes, the entire accumulated back interest from day one is billed to the customer’s account.
In 2021, the CFPB determined that GreenSky allowed contractors to open loans for consumers without verifiable borrower consent. The enforcement action required up to $9 million in refunds and loan cancellations, a $2.5 million penalty, and enhanced digital authorization controls across merchant accounts.
Service Finance Company, Momnt, Wisetack, and direct-settlement programs within Contractor Financing Solutions pay the contractor directly via ACH. In contrast, platforms like Acorn Finance and Hearth disburse funds straight to the homeowner, who then pays the contractor according to their contract milestones.
Explore financing programs from 30+ participating lenders, including options that pay contractors directly. See which programs fit your projects, customers, and business.
Company and product names belong to their respective owners. Mentioning a third-party provider does not imply affiliation or endorsement. This article is an editorial comparison published by Contractor Financing Solutions.
Contractor Financing Solutions is not a lender and does not make credit decisions. Financing is offered by independent participating lenders. Loan approval, available amounts, APRs, repayment terms, and funding timelines vary by lender, borrower qualifications, and applicable state requirements. Checking available offers uses a soft credit check that will not impact credit scores; a hard inquiry may occur only if a borrower chooses an offer and submits a full application. Non-recourse arrangements are subject to the applicable lender and contractor agreements and do not eliminate obligations arising from fraud, refunds, cancellations, or contractual disputes.
Estimate potential returns from offering customer payment plans.
Additional Monthly Revenue
Revenue: $90,000 → $120,000
Disclaimer: Results are estimates for illustrative scenario planning only and do not guarantee future revenue, approval rates, or closing percentages. Actual revenue will vary based on customer creditworthiness, project scope, lender terms, and merchant processing fees.
Offer monthly payments to homeowners in three simple steps, without becoming a lender or handling customer loan payments.
Share your link by text, email, estimate, or in person. Homeowners complete one quick application to explore offers from multiple lenders, starting with a soft credit check that won’t affect their credit score.
Every estimate you send without a monthly payment option is a deal you’re leaving to chance. Get started with Contractor Financing Solutions and give your next homeowner an easier way to say yes.
