Service Finance financing

Home improvement financing from Service Finance Company, a subsidiary of Truist Bank.

Service Finance

Type: Installment loan
Service Finance website

Who Service Finance is

Service Finance Company, LLC is a home improvement lender based in Boca Raton, Florida. Truist Bank bought it in December 2021, so it is now part of one of the largest banks in the country.

Service Finance works only through approved contractors. You can't apply on its website directly; you apply with us.

What you get

A fixed-amount, fixed-term installment contract, not a credit card. Service Finance runs a few program types, including no-interest, deferred-interest and lower-monthly-payment plans. The program on your contract, and its exact terms, are spelled out on the last page of the contract or in an addendum.

How it works with Chief Electric

  1. We build your written quote
  2. We submit your application through our Service Finance dealer account
  3. You review and sign the contract, including the promo terms page
  4. We do the work and sign a completion certificate with you
  5. Service Finance pays us
  6. Your first payment to Service Finance is usually due about 30 days after the work is done

Before you sign

  • Read the promo terms page. It explains how your plan works and what happens at the end of any promo period.
  • Service Finance says there is no penalty for paying the contract off early.
  • This is a closed-end contract for one project. It can't be reused like a card.

Paying after the job

Payments go to Service Finance, not to Chief Electric, through the online borrower portal at myloan.svcfin.com, by phone, by mail with your payment coupon or through your bank's bill pay. Customer service is 866-254-0497.

Projects to ask about

Service Finance questions

Who owns Service Finance?

Truist Bank. Service Finance Company, LLC is a Truist subsidiary.

Can I apply on the Service Finance website?

No. Applications go through an approved contractor, so you apply with us.

When is my first payment?

Usually about 30 days after the work is finished. Your contract has the exact date.

Can I pay it off early?

Yes. Service Finance says there is no prepayment penalty.

Other lenders we work with

All financing is subject to credit approval by the lender. Chief Electric is not a lender and does not make credit decisions. Rates, terms and availability are set by Service Finance and its lending partners and can change; your loan, card or lease agreement controls. Service Finance is a trademark of its owner. Chief Electric is an independent contractor.