GreenSky Finance vs. Hearth: What are the Differences?
Deciding between GreenSky & Hearth for your contracting business?
Learn how Hearth can help your business and deliver great payment options to your customers.
Why choose Hearth versus competitors like GreenSky?
Learn why hundreds of contractors are switching from GreenSky Finance to Hearth’s zero-dealer-fee service.
Reason 1: Our software works with you throughout the sales process
Our software helps you track your clients’ progress through the entire sales process from lead, to payment, to pay out.
Our Quotes, Contracts, and Invoices functions have automated reminders for your customers to let them know it’s time to take action.
And, best of all, each feature uses automation to roll into the next phase of your sales cycle, saving you time and money.
Reason 2: Soft credit pulls when customers check their options
When offering financing for jobs, your customers can rest assured that checking their monthly payment options will not affect their credit score.
A soft pull is used by our lending partners to show customers their estimated payment plans.
Visit the customer financing page to learn more.
Reason 3: Pay only for the membership, not every transaction
Hearth subscriptions are paid annually rather than per job.
Other financing programs offer buy-down programs that penalize success by charging you for every job you close.
With Hearth, you get access to 17 lenders ready to deliver offers to your clients for their projects.
Visit our pricing page to learn more.
Reason 4: All plans give you the option for company-branding materials
With Hearth, you have access to marketing materials tools that help you capture and generate more leads.
You have access to:
- flyers
- website banners,
- embeddable financing calculators
- email marketing tools
- lead capture forms
You can also customize your quotes, contracts, and invoices with your company colors and logo helping to make your brand messaging seamless and professional.
Take a look at the table below for more comparisons.
How Hearth and Greensky stack up
| Feature |  | GreenSky |
|---|---|---|
| Per-loan dealer fees? | None | 3-10%, depending on the plan |
| Sign up process | 2 minutes | Loan app & approval wait-time |
| Minimum qualification | None | Minimum 2-3 years in business |
| FICO scores accepted | 550 - 850 | 600 - 850 |
| Mobile app for contractors | Yes | Yes |
| Credit card fees | No | Yes |
Based on research conducted January 2023
Not every customer has the cash up-front.
- 27% of households finance their entire improvement project
- With Hearth, you get paid now and your customer pays over time
- It’s a win-win, every time.
It’s seamless as far as I’m concerned. They handle all the financing stuff, and basically, I get the revenue.
Dennis M.
DFW Home Theater
The best app for home improvement contractors
20,000+
Pros
13X
Average return on investment
>$500M
Jobs funded
30%
Average job size increase
17%
Close rate improvement
Based on internal reporting as of September 2022. Professionals selling on the Hearth platform is based on the number of active users. Average annual ROI is based on funds obtained through the Hearth platform. Loan volume is based on total loans and credit cards processed through the Hearth platform. 30% average job size increase and 17% close rate improvement based on study by Enerbank.
Get Started with Hearth Today
While our competitors claim that they can help you win more jobs, we have over $500 million dollars worth of home improvement loans to prove it.
To learn more about our software and how we can help your business today, call us at 512-686-4141 or email us at support@gethearth.com
