When it comes to a roof replacement project, one of the most common concerns among Lockport commercial property owners is the cost. While some people may be able to pay for their new roof out of pocket, most people will need financing. With that said, you might be wondering: can your local roofing company help you refinance your new commercial roof?
At Prusak Roofing, we strive to help our customers understand all aspects of their commercial roofing project — including the financial side. Without further ado, we will discuss whether you can finance your new roof through a commercial roofing company in Lockport, Illinois — and whether financing your new roof is even a good idea.
Do commercial roofing companies offer financing?
Yes, most commercial roofing companies in Ho Lockport mer provide financing options to their customers. While some companies offer in-house financing, most offer it through a third-party financial institution. Consider our financing partner, EnerBank USA, as an example.
This is how the process looks:
First, your Lockport commercial roofing contractor will provide you with an estimated dollar figure for your roof replacement project. You can learn what your monthly payment would be based on that number. However, a roof assessment is necessary to accurately determine how much you will pay for your new roof every month.
After determining the roof replacement cost, you will be directed to EnerBank USA to answer some questions, get accepted (this depends on your creditworthiness), and select your payment term.
If you are approved, EnerBank USA will fund your roof replacement project. When the new roof is installed, you will sign off that you are satisfied with the work, and payments will begin a few weeks later.
This is simply a brief explanation of how the process works when you partner with Prusak Roofing. The Lockport commercial roofing company you choose will be able to walk you through its process. However, one thing to keep in mind is that your commercial roofing company has very little to do with the approval process. They can guide you in the right direction, but whether you are approved can only be determined by the criteria established by the financing institution.
Is it even a good idea to finance your roof?
After learning that your roofing company can assist you in financing your commercial roof replacement, you may be questioning if financing the project is even a wise option for your situation.
Well, financing can be an excellent option for many people, regardless of their financial situation. It is also worth noting that, regardless of the size of the roof, a roof replacement will always be a relatively expensive investment — and many property owners will not have the funds available to pay for it all at once.
Financing makes a roof replacement more affordable by allowing for convenient monthly payments. Furthermore, some property owners do not want to jeopardize their financial portfolio, and instead, prefer monthly payments with the option to pay them off sooner. Whatever the reason, financing can be a great way to alleviate the initial financial stress associated with the project.
Looking for the Best Commercial Roofing Contractor in Lockport, Illinois?
Are you ready to get started with a roof replacement project for your commercial building? If so, and if you’re looking to partner with the best commercial roofing contractor in Lockport, Illinois, Prusak Roofing is the company to call. Over the years, we have provided countless commercial property owners in the Lockport area with affordable financing options tailored to their specific needs. Our job is to advocate for you and guide you through the entire roof financing process. Furthermore, we provide high-quality work that is backed by a lifetime warranty. Contact us today at (708) 422-2624 or fill out our online form to schedule an appointment.