Consumer Financing

Transactions of $200 to $15,000

How it Works

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With a purchase amount in mind, fill out the Terrace Finance online application through your preferred merchant’s link or at if you haven’t chosen a merchant yet. You will be asked to consent to a credit pull if necessary to confirm eligibility.

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Based on credit score and needs, the Terrace Finance lender waterfall works quickly to pre-approve you and match you with a lender. When presented with the lender match, you may be asked a few more questions by the lender before being presented with an offer.

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Once you accept the official offer from the lender, Terrace Finance helps finalize the deal by prompting the merchant to submit an invoice for the total. When notification of funding is received from the lender, the merchant can release the goods!

Our Application Process

When you apply with Terrace Finance, you enter the our multi-lender platform. Personal and small business deals are handled by our automated system. The Terrace Team is standing by to help you if you need it. Our video explains how it works.

Commercial deals of $15,000 or more are handled by our expert commercial team. Once the initial application is filled out, they will contact you with next steps. We have multiple programs to fit your needs, and they will make sense of it all for you, so you only have to apply once.

What products are eligible?

Terrace Finance serves a network of merchants and equipment dealers specializing in the things you need and want. Here are just a few of the types of items we finance. Not sure if we finance what you’re looking for? Need a merchant recommendation?

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Let Us Find Your Match

We have customers of all credit levels covered through our network of lenders on the Terrace Finance platform. Use the guide below to determine which features are most important to you, and we will work with you to match you with a lender and program that meet your needs.

No Credit Needed Lease

  • Transactions of $200 to $5,000
  • Instant Approvals
  • No Credit Needed
  • Bundles of items eligible
  • 5-month minimum term
  • Early purchase options
  • Bi-weekly and monthly payment options

Low Payments Lease

  • Transactions of $200 to $15,000
  • $1 first payment to take product home
  • Term length structured to keep payments low
  • Skip-A-Payment Option available
  • 30 Days Same as Cash Option
  • No early pay-off charges
  • Bundles of items eligible

No Credit Needed Funding*

  • Transactions of $300-$5,000
  • Instant Approvals
  • No Credit Needed
  • Day 1 Ownership
  • Early Payoff Option
  • Flexible term lengths
  • Repairs eligible!
    *Subject to dealer participation

We encourage you to read the terms of the lending program you are matched with carefully before accepting any offer.

Minimum Requirements

Minimum Requirements

  • Photo ID showing that you are at least 18 years old
  • Minimum Annual Gross Income of $12,000
  • Valid Social Security Number (SSN) or Taxpayer ID Number (ITIN)
  • Valid Email Address & Phone Number
  • Electronic Payment Method

May Be Required

In addition to these requirements, you may be asked for more information in order to be eligible for certain lending products. Don’t worry though, if you can’t provide the information, the platform will match you with a lender that doesn’t need it for the decision.

  • 12 months as a W-9 contractor or 6 Months on the job at a W-2 employee
  • Monthly net income of $1300 or more
  • Checking account for at least 1 month where income is deposited
  • Credit score of 550 or higher


Call the Terrace team: 888-509-1370
or email us: