Stage Funding

How to request stage funding.

How do I request Stage Funding?
There will be a new Stage Funding request section within the lending portal where you can submit your request once the loan is in Clear To Order:
request stage funding

Is Stage Funding available for all projects?

No. Stage Funding availability depends on various factors, and the button will be disabled if it is not available for that opportunity. Counter offer loans are not eligible for stage funding.

How much funding will I receive?

You will receive 50% of the total finance amount minus any applicable dealer fees.

If requested, funding is eligible to be disbursed 10 days after document signing.

 

 

Customer Communication:

When does the customer begin making payments? 

Customer payments begin 30 days after the first stage funding disbursement. 

What notifications will customers receive?

At Stage Funding

  • The customer will receive text to notify them that their loan is being funded.
  • customer will receive an additional text notifying them of their loan servicing account with payment details that include information to make or set up payments. 

At Final Funding

  • The customer will receive texts and calls at final funding to confirm the work was completed.