ICP Brands Offer New Financing Platform in Canada

LEWISBURG, TN, March 23, 2017 /CNW/ - International Comfort Products (ICP) has announced that dealers representing its brands now have a new financing tool, available both online and through a smartphone app. Provided by Financeit, the tool will help homeowners better assess their buying ability and allow dealers to more accurately meet their customers' needs and budget. ICP, which operates in Canada as part of UTC Canada Corporation, is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).

With Financeit, homeowners will be able to complete an online credit application that will determine if they are approved for financing. This will allow dealers to better understand an individual homeowner's buying capacity and craft a proposal that aims to meet their budget.

There is no cost for the heating and cooling contractor to use Financeit's standard program.

"We are excited to introduce Financeit's innovative approach to point-of-sale financing to our dealers," says J.T. Holtschlag, vice president, ICP. "The sudden failure of a heating and cooling system often comes as a surprise to a homeowner and we recognize not everyone is in a position to cover the entire cost of a new home comfort system all at once. Having access to flexible, convenient and affordable payment plans is a tremendous tool for dealers and their customers to access the best home comfort system."

"With the near instant credit decisions, homeowners can work with their ICP contractor to select the equipment that best suits their needs and meets their budget," says Dave Murray, director, Home Improvement at Financeit.

"We are excited to offer Financeit's financing options and believe this platform will help ICP dealers close more deals and sell customers higher-efficiency systems that will ultimately deliver greater comfort and long-term energy savings," says Holtschlag.

Financeit offers a customized training program that includes instructions on how dealers can embed a simple link on their website that homeowners can use to secure pre-approval. Homeowners can also access the application process via the Financeit app.

Financeit is available across Canada in both English and French. Consumers can visit https://www.financeit.io for rates and terms.

About International Comfort Products:
International Comfort Products is a leading North American manufacturer of quality residential and light commercial gas furnaces, split-system air conditioners, package air conditioners, split-system heat pumps, package heat pumps, package gas/electric combination units and oil furnaces. Major brands include Heil, Tempstar, Comfortmaker, Arcoaire, KeepRite, Day & Night, and ICP Commercial. International Comfort Products is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information about ICP and its products and services, visit www.icpusa.com

About Financeit

Financeit is a market leading point-of-sale financing provider servicing the home improvement, vehicle and retail industries. Financeit's innovative cloud-based technology makes it easy for merchants to increase close rates and transaction sizes with affordable monthly or bi-weekly payment plans. The Financeit platform features a fast, transparent application process and has serviced over 6,000 merchant partners across Canada, processing more than $1.7 billion in loan applications.

SOURCE FinanceIt Canada Inc.

For further information: Bryan Mitchell, 317.847.6930, Bryan.Mitchell@ICPusa.com; Amanda Lao, 1 888 536 3025 Ext: 111, alao@financeit.io

RELATED LINKS
https://www.financeit.io/

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