How does EarlyPay short-term financing work?

Once approved for financing, customers can request to finance individual projects up to their limit. Specifically, the financing works as follows:

1. The customer applies with Slope through DocuSketch’s referral link and receives approval for a financing limit with pre-set pricing

2. The customer chooses Slope to finance up to 80% of any project with a DocuSketch sketch or estimate, net of a down payment paid by the insured or insurance company (within the available financing limit)

3. The customer selects repayment terms and confirms pre-set pricing for the chosen term

4. Slope makes a deposit into the customer’s bank account, immediately

5. The customer repays financed amount + interest on specified repayment date(s), or prepays anytime with no penalty and prorated interest

6. Upon repayment, the used portion of financing limit is freed up for borrowing for another project