Financing · Embedded Point-of-Sale Financing
Sunbit Review
~90% approval, 30-second decisions — built for smaller-ticket service jobs
Consumer-cost / reputation warning
Consumer-complaint cluster around abrupt account "restrictions" and hard-to-reach support. Confirmed operating and growing (2026 Forbes Fintech 50; Stripe nationwide launch April 2026), not defunct.
Quick verdict
Sunbit is best for Smaller-ticket home and field services — HVAC repairs/service calls, plumbing, electrical, pool/spa, appliance repair — that need high approval and instant decisions. ~5% merchant fee eats margin on small jobs; ~$10,000 ceiling rules out big projects; high customer APRs (to 35.99%); account-restriction/support complaints; not a dedicated home-improvement lender.
Fees & terms
POS "pay over time" for in-person service businesses. ~5% merchant fee per financed job (some verticals up to 9%), auto-deducted; no monthly/platform fee; contractor paid up front. Lending originated by TAB Bank..
- Cost to contractor
- ~5% per financed transaction (up to 9% some verticals); no monthly or platform fee
- Customer APR
- 0%–35.99% APR (every approved customer gets a 0% option)
- Loan size
- ~$60–$10,000 (smaller/mid tickets)
Affiliate disclosure: Contractor enrolls as a merchant; not an affiliate-link model.
About Sunbit
Sunbit fills the lane the big home-improvement lenders serve poorly: smaller-ticket, high-approval financing for in-person service work. Roughly 90% of applicants are approved in about 30 seconds via a soft credit check, every approved customer gets a 0% option, and the contractor is paid up front with no monthly fee — just a ~5% per-transaction merchant fee. For HVAC service calls, plumbing, electrical, and appliance repair in the $60–$10,000 range, that approval rate and speed close jobs that would stall on a stricter lender.
The trade-offs: the ~5% merchant fee eats more margin than a 0%-dealer-fee home-improvement program on small jobs; the ~$10,000 ceiling rules it out for big remodels, roofs, and full-system replacements; customer APRs reach 35.99% on longer terms after the 0% window; and there's a consumer-complaint cluster around abrupt account 'restrictions' and hard-to-reach support. It's also one of several verticals for Sunbit (it does auto, dental, optical too), not a dedicated home-improvement lender. But for the repair-and-service side of the trades — where Service Finance and Synchrony are overkill — Sunbit is the standout, and it's now embedded in Stripe, Workiz, and Skimmer.
How it works
At the point of sale, the customer applies via a soft credit check (no score impact), ~90% are approved in about 30 seconds, optionally make a down payment, then pay fixed monthly installments. Sunbit deducts its ~5% fee and the contractor is paid up front. It's embedded in platforms like Stripe (nationwide GA April 2026), Workiz, and Skimmer.
Pros & cons
What works
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~90% approval rate
Far above prime-only lenders, so far more service jobs actually close at the financing step.
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~30-second soft-pull decisions
Near-instant approvals with no credit-score impact keep the customer at the table during the sale.
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Paid up front, no monthly fee
Only a per-transaction cost — no platform or monthly fee dragging on slow months.
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Covers small/mid tickets
$60–$10,000 financing serves repair and service work many lenders won't touch.
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Embedded in FSM/payment tools
Built into Stripe, Workiz, and Skimmer, so offering it can be part of your existing checkout.
What doesn't
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~5% merchant fee
Every financed job costs ~5% (up to 9% some verticals), eating more margin than 0%-dealer-fee home-improvement programs.
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~$10,000 ceiling
Not for $30k–$100k remodels, roofs, or full-system replacements — it's a small/mid-ticket tool.
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High customer APRs (to 35.99%)
After the 0% window, longer terms can reach 35.99% APR — be transparent with customers.
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Account-restriction complaints
A consumer-complaint cluster around abrupt account 'restrictions' and hard-to-reach support.
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Not a dedicated home-improvement lender
Home services is one of several verticals (auto, dental, optical), so it's less specialized than Service Finance/Foundation.
Features & integrations
Key features
Integrations
Frequently asked
What kind of jobs is Sunbit best for?
Smaller-ticket, in-person service work — HVAC service calls and repairs, plumbing, electrical, pool/spa service, and appliance repair, roughly $60–$10,000. Its ~90% approval and 30-second decisions are ideal for closing repair jobs on the spot. It's not for big remodels or full-system replacements, which exceed its ~$10,000 ceiling.
How much does Sunbit cost a contractor?
About 5% per financed transaction (up to 9% in some verticals), auto-deducted from the disbursement, with no monthly or platform fee — and the contractor is paid up front. That per-deal fee is higher than a 0%-dealer-fee home-improvement program, which is the trade-off for the very high approval rate on small tickets.
Does applying for Sunbit hurt my customer’s credit?
No — Sunbit uses a soft credit check to make its decision, so applying doesn't impact the customer's credit score, and about 90% of applicants are approved in roughly 30 seconds. Every approved customer is offered a 0% option, with APRs up to 35.99% on longer terms after the 0% window.
Other financing options
Wisetack
Embedded consumer financing built for home-service businesses
GreenSky
Large-scale home-improvement point-of-sale financing (up to $100K)
Hearth
Contractor financing marketplace plus sales tools (subscription-based)
Acorn Finance
Free lender marketplace — compare 30+ home-improvement loan offers
Service Finance Company
Bank-backed (Truist) home-improvement POS financing with 50+ programs
Foundation Finance Company
Full-credit-spectrum financing — approves customers prime-only lenders decline