Offer pre-qualified financing, embedded in your estimates. $0 Dealer Fees.
The Acorn Finance Advantage
For Contractors
No dealer fees, sign-up fees or transaction fees
All Joist Contractors qualify to offer Acorn Finance
12+ trusted lenders fit a wider credit spectrum
For Customers
Checking pre-qualified offers won’t affect credit scores
Terms up to 20 years, and rates as low as 6.49%*
Fast and easy, straight from estimates and invoices
How It Works
Your Customer’s Experience
Acorn Finance’s Lending Products
Featured lender
5.0
|
Loan Amount
$1k–$75k
|
Est. APR
7.74%–35.99%
|
Loan Term
3–7 years
|
Min. Credit Score
560
|
No credit score impact
|
Pros and Cons
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Rate and lender disclosure
Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.74%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's bank partners. Information on Upgrade's bank partners can be found at https://www.upgrade.com/bank-partners/. |
Managing Acorn Finance
Financing is auto-enabled on your account already. Once you generate an estimate, you’ll see the Acorn Finance Payment Widget displayed underneath the Total Project Amount. All your customer has to do is click on it, and apply for financing.
You can learn more about financing, as well as toggle the display of the Payment Amount Widget on your estimate by navigating to the Settings page, and finding “Homeowner Financing.”
Calculate your customer’s monthly payments
Frequently Asked Questions
Does every Joist User qualify for Acorn Finance?
Yes! 100% of Joist Users have access to the Acorn Finance integration. There are no qualification requirements on your end. This integration is designed to make offering customer financing simple and accessible to everyone.
Are there any fees associated with using Acorn Finance through Joist?
No, the Acorn Finance Marketplace is completely free for all Joist Users. There are no dealer fees, hidden charges, or subscription costs. This is a complimentary tool designed to help you close more deals and grow your business. However, if you’d like to enroll to offer promotional financing including 0% offers for a fee, contact Acorn Finance to learn more.
How does the payment process work with Acorn Finance?
Your customer applies for and, if approved, receives a loan directly from the lender. The lender then funds the customer, and your customer pays you directly for the services rendered. You get paid as you normally would, and Acorn Finance simply facilitates the loan process.
How quickly can my customers get funded through Acorn Finance?
Funding speed varies by lender, but some lenders can fund your customers in as little as 24 hours. This allows your customers to move forward with projects quickly, and you to get paid faster.
Are there any restrictions on what can be financed through Acorn Finance in Joist?
No, all purchases made through Joist are eligible for financing through Acorn Finance. Whether it’s a small or large project, your customers can explore financing options for any service you offer.
Where is Acorn Finance available?
Acorn Finance is available in most of the continental United States. To see if your specific area is covered, please view our full coverage map.
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