Monster Tree Service Location Finds Fast Success With BuyFin

Kristofer Peck, owner of Monster Tree Service of Bucks and Montgomery Counties in Pennsylvania, is no stranger to consumer financing. 

Before purchasing the Monster Tree location a year ago, he was the general manager of a plumbing, HVAC, and electrical services company, where he previously used consumer financing through Wells Fargo, Greensky, and Ally. 

A BuyFin representative reached out to him, presenting the platform as a solid consumer financing option for businesses in the tree services industry. 

Kris was immediately sold. While many consumer financing platforms are similar, he praised BuyFin’s simplicity and seamless interface.  

“BuyFin makes it easy to toggle the plans on and off,” depending on what makes sense for the business, he says. “And training was super easy, about 30 minutes.”

Success with the platform came quickly.  Monster Tree launched with BuyFin on July 30, 2024 and funded its first loan three days later. In that first month, the location funded $33,000 worth of loans for 8 customers, with an 88% approval rate. 

Kris says that in the last 8 months, he’s funded $150,000 worth of jobs, with an average of $6,000 per job. He estimates that a full year of using BuyFin will increase his revenue by 5 to 6 percent. 

“In the service industry, that makes a pretty big impact,” he says. “Especially in the slower months for us, like late fall or winter, it can make a big difference.” 

In February, for example, Monster Tree used BuyFin to fund a $30,000 job involving several months of tree removal. 

“The fact that the customer was able to have a low payment option, that allowed us to get it,” Kris says. 

The Key to Success with BuyFin

BuyFin isn’t going to sell itself, Kris cautions. 

“Making it part of your sales process is the only way you’re going to see results,” he says. “We see results because we are constantly pushing it to our sales team. You need to put in the time to make it worthwhile.”

Monster’s four sales employees are constantly coached to present consumer financing to their customers. They don’t wait to bring it up until the customer says they don’t have enough money to pay for the job outright. It’s part of their sales proposals, and links to BuyFin are included in all follow up texts, Kris says.

And BuyFin’s streamlined digital platform is a hit with customers, who appreciate that it only takes a few minutes to apply via the app and learn if they’ve been approved, for how much, and what the terms of the loan are.

It’s good for the business, but also good for the customers, Kris says.  

“We want to be stewards to our customers,” he says.

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