Pinnacle Finance Blog

March 21, 2016

The Tough Question of Markup in the Remodeling Industry

We always talk about ways to grow our business. In the remodeling industry, one way is to offer credit options. Another is to partner with the right industry associates. There’s also the obvious – get more clients and more referrals. One aspect of your business you should examine is your markup. Are you marking up your projects properly and enough to make a reasonable profit in order to stay in business? For a long, long time. With pricing wars that can occur when bidding for a job and the internet at everyone’s fingertips, it’s easy to feel unsure that you […]
April 20, 2016

Verification Calls – Help Us Fund You Faster

  At Pinnacle Finance one of our most important goals is to fund our dealers/contractors as quickly as possible.  Typically one of the most common delays in funding a new loan is the completion of the verification call with the customer which is required prior to funding each new loan.   Once we reach the customer the most important part of the call is for us to make friendly contact with our mutual customer.  During the call we confirm that the work is complete, go over the details of the financing, explain the billing and payment process, confirm their mailing address […]
April 21, 2016

Drones in the Remodeling and Construction Industry

The use of drones in the remodeling and construction business has become a hot topic in the past couple of years. Drones are an innovative technology that can be extremely useful to contractors in many ways. But there are also very tentative feelings surrounding the use of drones in the remodeling industry because there is a lack of firm rules and regulations by the government and FAA. It definitely leaves contractors feeling uneasy in how they can use them and if they are using them properly, so as not to cause trouble or even break a law. There are great […]
May 20, 2016

Save Time and Money – Best Practices for Completing Loan Documents Using Electronic Signatures

Why make a trip to your customer’s home to get loan documents signed when they can be done electronically?   Our Pinnacle Online Dealer System (PODS) provides a simple, fast and secure method of emailing the documents to your customer so they can sign them electronically.  PODS utilizes DocuSign, the industry leader in E-sign (Electronic Signatures). Here are a few tips to take advantage of this very powerful on-line tool: Set a phone call time – Although you can initiate an email to your customer(s) at any time to begin the DocuSign process, scheduling a brief phone call with the customer to […]