Foundation Finance Company (FFC) differentiates itself from prime-only lenders like Synchrony and GreenSky by offering tiered approvals that extend into near-prime and subprime credit (FICOs as low as 550). For HVAC contractors, that means fewer declines on emergency replacement calls where the homeowner's credit isn't pristine.
HVAC-specific features include installment loan amounts up to $100,000, terms up to 240 months, and 15-year loan options for larger system replacements. FFC waives sign-up fees, has no monthly volume requirements, and offers approvals up to $50K for customers across the credit spectrum.
FFC was founded in 2012 and operates out of Rothschild, Wisconsin. The tradeoff for subprime inclusion is cost: dealer risk discounts range from 0% to 20% depending on the borrower's credit tier.