The best GreenSky alternative for most contractors in 2026 is Hearth, which replaces per-job dealer fees with a flat subscription of $1,499 to $1,799 per year and approves homeowners down to 550 FICO. Wisetack is the best pick for jobs under $25,000 at a flat 3.9% per funded loan, and Regions (formerly EnerBank) is the pick if you need a true 0% APR product from a major bank. Here are the five alternatives worth a look, with verified 2026 numbers.
Key takeaways
- Hearth charges a flat $1,499 to $1,799 per year with $0 dealer fees per job, which beats GreenSky's per-job fees once you finance roughly $22,500 per year at an 8% average fee.
- Wisetack charges 3.9% per funded loan with no signup or monthly fees, but caps individual loans at $25,000.
- GreenSky's Trustpilot rating sits at 1.4 out of 5 from 77 reviews as of mid-2026, against 4.6 for Hearth and 4.8 for Wisetack.
- GreenSky changed hands again in March 2024, when a Sixth Street-led consortium bought it from Goldman Sachs, its second ownership change in three years.
- Promotional 0% products carry the biggest hidden cost everywhere: GreenSky promo dealer fees run 8 to 15%+, and Regions (EnerBank) promo fees have been reported as high as 24.5%.
The five best GreenSky alternatives at a glance
| Platform | Best for | Fee model | FICO floor | Loan max | Trustpilot |
|---|---|---|---|---|---|
| Hearth | Volume and big-ticket jobs | $1,499 to $1,799/yr flat, $0 per job | 550 | $250,000 | 4.6 (1,000+ reviews) |
| Wisetack | Service work under $25,000 | 3.9% per funded loan | Not published | $25,000 | 4.8 (900+ reviews) |
| Regions (EnerBank) | True 0% APR offers, bank stability | 0 to ~24.5% per job by product | Not disclosed | Varies | Not listed |
| Service Finance Co. | High-volume HVAC and roofing dealers | Varies by loan product | Not disclosed | Varies | Not listed |
| Foundation Finance | Long terms, A to D credit | Varies by loan product | ~550 considered | $100,000 | Not listed |
| GreenSky (baseline) | Manufacturer promo programs | 3 to 6% standard, 8 to 15%+ promo | ~600 reported | $100,000 | 1.4 (77 reviews) |
How we chose
We compared each platform on the four things that push contractors off GreenSky: per-job cost, homeowner approval odds (credit floor and credit pull type), loan size limits, and platform stability. Fee and pricing numbers come from vendor pricing pages and partner documentation as of mid-2026, ratings come from Trustpilot with review counts stated, and the regulatory history comes from CFPB records. Where a company does not publish a number, the table says so instead of guessing.
Why contractors are leaving GreenSky in 2026
Contractors leave GreenSky for four specific reasons, and knowing which one applies to you determines which alternative fits best.
Dealer fees on promotional products. GreenSky's standard installment loans carry dealer fees of roughly 3 to 6%, but promotional 0% APR products run 8 to 15% or more, and GreenSky does not publish a standard fee schedule. On a $20,000 HVAC job with a 14% promo fee, you net $17,200. That $2,800 comes straight out of margin, which is why the dealer fee math drives most switches.
Hard credit pull and a ~600 floor. GreenSky applications typically involve a hard inquiry, which shows up on the homeowner's credit report and adds friction at the kitchen table. Hearth and Wisetack both pre-qualify with a soft pull, and Hearth's network approves down to 550 FICO, so the option check costs the homeowner nothing.
Business age requirements. GreenSky enrollment is commonly reported to require around two years in business plus bank statements. Newer operations get screened out regardless of revenue. Several alternatives below have no stated business age requirement, a topic we cover in depth in offering financing as a new contractor.
Reputation and regulatory history. In July 2021 the CFPB issued a consent order against GreenSky for enabling merchants to originate loans consumers never authorized, requiring up to $9 million in loan refunds or cancellations plus a $2.5 million civil penalty. The CFPB noted more than 6,000 related complaints between 2014 and 2019. As of mid-2026, GreenSky's Trustpilot rating is 1.4 out of 5 across 77 reviews. When your customer Googles the lender you just recommended, that is what they find.
Ownership churn adds to the unease. Goldman Sachs bought GreenSky in 2022, then sold it in March 2024 to a consortium led by Sixth Street that includes KKR, Bayview Asset Management, and CardWorks, per the companies' own announcements. Two ownership changes in three years does not mean the program disappears, but it does mean program terms and fee schedules can move under you.
1. Hearth: best overall replacement
Hearth is the most direct GreenSky replacement for any contractor with real financed volume, because it eliminates the per-job dealer fee entirely. Instead of a percentage of every job, Hearth charges a flat subscription: $1,499 per year for Essentials, $1,799 for the popular Pro plan, and $4,999 for Elite, plus a one-time $99 setup fee, per Hearth's 2026 pricing. The plan differences mostly concern quoting and marketing tools, not the financing itself.
Best for: multi-trade contractors financing more than about $25,000 per year, big-ticket jobs, and near-prime customers in the 550 to 600 FICO band that GreenSky declines.
Pros:
- $0 dealer fee per job versus GreenSky's 3 to 15%
- Loans from $1,000 up to $250,000 through a network of 18+ lenders, against GreenSky's $100,000 cap
- Soft-pull pre-qualification and a 550 FICO floor
- No business age requirement, so newer companies can enroll
Cons:
- The subscription is a real cost if you barely use financing
- Homeowner APRs start around 7.99%, so there is no subsidized 0% promo product like GreenSky's
- Hearth is a marketplace, not the lender, so approval terms vary by lender partner
The break-even math is simple: at an 8% average GreenSky dealer fee, the $1,799 Pro plan pays for itself at roughly $22,500 in annual financed volume. Most contractors who finance at all pass that in a month or two. Hearth's Trustpilot rating stands at 4.6 from over 1,000 reviews as of mid-2026. For the full head-to-head, see our GreenSky vs Hearth dealer fee breakdown.
If Hearth sounds like the fit: you can get started with Hearth here and see the lender network with your own numbers.
2. Wisetack: best pay-per-use option
Wisetack is the cleanest per-transaction alternative for contractors who want zero fixed commitment. Wisetack charges a flat 3.9% per funded loan with no signup, monthly, or annual fees, and finances jobs from $500 to $25,000, per its partner documentation as of 2026.
Best for: service trades with tickets under $25,000, and contractors testing financing for the first time who do not want a subscription.
Pros:
- 3.9% flat beats GreenSky's promo fees by a wide margin, and its standard fees in most cases
- Approval decisions in about a minute, inside the invoice flow of tools like Jobber and Housecall Pro
- Soft credit pull for pre-qualification
- Trustpilot 4.8 from 900+ reviews as of mid-2026, the best consumer rating in this group
Cons:
- $25,000 per-loan cap rules out full remodels and many roof-plus-solar jobs
- 3.9% of a big year is real money: $500,000 financed costs $19,500
Our Wisetack review covers rates and approval mechanics, and Wisetack vs GreenSky runs the direct comparison.
3. Regions Home Improvement Financing (EnerBank): best true 0% APR product
Regions Home Improvement Financing, the former EnerBank USA that Regions Bank acquired in 2021, is the stability pick: a top-tier US bank rather than a private-equity-owned fintech. Its standout product is the Zero Interest Loan, a true 0% APR loan where interest never accrues, unlike deferred-interest promos that charge back accumulated interest if the balance is not cleared in time. We explain that distinction in how 0% APR contractor financing actually works.
Best for: HVAC and storm-restoration roofers who sell hard on 0% offers and want a bank behind the program.
Pros:
- A genuinely clean 0% product, which converts skeptical homeowners better than deferred interest
- Bank ownership means low platform risk and no ownership churn
- No membership or processing fees; you pay only the dealer fee on products you use, per Regions' program pages
Cons:
- Promotional dealer fees are steep: reported ranges run from 0% up to about 24.5% on Zero Interest Loans as of 2026, higher than GreenSky's promo fees
- Fee schedules and credit floors are not published; you learn your numbers at enrollment
See Hearth vs EnerBank (Regions) for the flat-fee versus promo-fee decision in detail.
4. Service Finance Company: best for high-volume HVAC and roofing dealers
Service Finance Company is the dealer-program specialist of this list, common in HVAC and roofing through manufacturer partnerships. It is an approved FHA Title I lender, licensed in all 50 states and DC, and offers more than 50 loan products spanning standard and promotional terms, per svcfin.com. Enrollment is free with no monthly minimums.
Best for: high-volume HVAC and roofing operations that want manufacturer-integrated promo programs and dedicated account management.
Pros:
- Deep promo product menu, including long-term and FHA Title I options most fintechs lack
- Fast ACH funding after job completion, typically within about 48 hours
- Paperless mobile app process from application to funding
Cons:
- Dealer fees vary by product and are not published, so comparison shopping requires a sales call
- The platform is built around dealer programs; low-volume generalists get less out of it
Our Hearth vs Service Finance comparison covers which model saves more at different volumes.
5. Foundation Finance Company: best for long terms and rough credit
Foundation Finance Company is the second-look specialist, approving A through D credit and considering FICO scores as low as 550, per its contractor program pages. Enrollment is free with no monthly charges or volume requirements, and installment plans run up to $100,000 with terms up to 180 months, stretching to 240 months on some programs.
Best for: bath, kitchen, window, siding, and roofing contractors selling high-ticket projects to payment-sensitive homeowners with mixed credit.
Pros:
- Terms up to 15 to 20 years keep monthly payments low on $50,000+ remodels
- A to D credit approvals rescue deals GreenSky's ~600 floor kills
- Free enrollment, training, and marketing materials
Cons:
- Dealer fees vary by product tier and credit grade, and are not published
- $100,000 cap matches GreenSky rather than beating it
The Hearth vs Foundation Finance cost comparison runs the numbers side by side.
What switching actually saves: the math by volume
Fee models only make sense against your own financed volume. Here is the annual platform cost at an assumed 8% average GreenSky dealer fee, Hearth Pro at $1,799 flat, and Wisetack at 3.9% (jobs under $25,000 only):
| Annual financed volume | GreenSky at 8% | Hearth Pro flat | Wisetack at 3.9% |
|---|---|---|---|
| $50,000 | $4,000 | $1,799 | $1,950 |
| $100,000 | $8,000 | $1,799 | $3,900 |
| $200,000 | $16,000 | $1,799 | $7,800 |
| $500,000 | $40,000 | $1,799 | $19,500 |
Two readings of that table. First, below roughly $46,000 in volume, Wisetack's pay-per-use model edges out Hearth's subscription. Second, above $100,000 the flat fee wins by thousands and the gap widens every year you grow. Contractors who lean on 0% promos should note the promo fee, not the standard fee, is the number to plug in: at a 14% promo fee, $200,000 of volume costs $28,000 on GreenSky.
Which alternative should you pick?
Choose based on the problem that pushed you off GreenSky:
- Choose Hearth if dealer fees are the pain and you finance $25,000+ per year, want loans above $100,000, or need a 550 FICO floor.
- Choose Wisetack if your tickets stay under $25,000 and you want zero fixed cost and the fastest setup.
- Choose Regions (EnerBank) if a true 0% APR closer is central to your pitch and you will pay a premium fee for it.
- Choose Service Finance if you are a high-volume HVAC or roofing dealer wanting manufacturer-linked promo programs.
- Choose Foundation Finance if long terms and B-to-D credit approvals close more of your remodeling pipeline.
Running two platforms is common and sensible: many shops pair a flat-fee primary like Hearth with a promo specialist for the specific jobs that need 0%. If an existing GreenSky relationship still routes manufacturer promotions you rely on, keep it as the secondary and move everything else. The broader four-way matchup is in our complete contractor financing comparison, and HVAC-specific picks are in the 5 best HVAC financing programs.
How we put this together
We compared publicly documented fees, credit terms, and loan limits from each company's own pricing and program pages (Hearth, Wisetack partner docs, Regions/EnerBank, svcfin.com, foundationfinance.com), pulled ratings from Trustpilot with review counts as shown, and took the regulatory history from the CFPB's published 2021 consent order and the Sixth Street and Goldman Sachs acquisition announcements. Numbers were last verified in July 2026. Where a company does not publish a figure, we say "not disclosed" rather than estimate. Contractor Guide Pro has an affiliate relationship with Hearth; that does not change the numbers above.
Frequently asked questions
What is the best GreenSky alternative for contractors?
Hearth is the best alternative for most contractors because it replaces per-job dealer fees with a flat $1,499 to $1,799 annual subscription and approves homeowners down to 550 FICO. Wisetack is the better pick if your jobs stay under $25,000 and you want no fixed cost.
Who owns GreenSky now?
GreenSky has been owned since March 2024 by an investor consortium led by Sixth Street that includes KKR, Bayview Asset Management, and CardWorks, which bought it from Goldman Sachs. Goldman had owned it only since 2022, making that two ownership changes in three years, with Synovus Bank continuing as a key funding partner.
What is the cheapest GreenSky alternative?
The cheapest option depends on volume: Wisetack (3.9% per loan, no fixed fees) is cheapest below roughly $46,000 in annual financed volume, and Hearth's flat $1,799 Pro plan is cheapest above that. Both undercut GreenSky's promotional dealer fees of 8 to 15%+ at almost any volume.
Can a new contractor with no business history use these platforms?
Yes, Hearth and Wisetack have no stated business age requirement, unlike GreenSky's commonly reported two-year threshold. New businesses generally need an EIN, a business bank account, and applicable licensing; see our guide to offering financing as a new contractor for the setup steps.
Do these alternatives require a hard credit pull on homeowners?
No, Hearth and Wisetack both pre-qualify homeowners with a soft credit pull, so checking options never dings the customer's score. A hard inquiry typically only happens if the homeowner accepts a specific loan offer, which removes the main credit objection GreenSky's process creates.
What happens to my existing GreenSky loans if I switch?
Nothing changes for funded loans: the homeowner's loan sits with GreenSky's bank partners and they keep paying as agreed, regardless of your dealer status. Switching platforms only changes where your new jobs get financed, which is why many contractors run the old and new platforms in parallel during the transition.
Is GreenSky still safe to use at all?
GreenSky still funds loans reliably and its manufacturer promo programs still work, so it is not unsafe, but the surrounding signals are poor: a 1.4 Trustpilot rating from 77 reviews as of mid-2026, a 2021 CFPB consent order with a $2.5 million penalty and up to $9 million in loan refunds, and repeated ownership changes. Most contractors now treat it as a secondary program rather than a primary platform.
