Platform Insights from Acorn Finance – Q1 2025
- Average offer amounts increased vs. Q4 and previous quarters
- Continued positive trend for APRs, with the average rate declining for the quarter
- Average terms of loans remained steady vs. Q4
Welcome to the April edition of the Acorn Finance Contractor Newsletter! We’re thrilled to bring you the latest updates and insights from our platform to help you streamline your financing process and grow your business.
Platform Insights
Average Offer Amount
In Q1 2025, the average offer amount on our platform was $18,229, representing a 5.2% increase relative to the Q4 average offer amount of $17,285. This Q1 average was also higher than any of the average offer amounts on our platform throughout 2024. While the overall economic landscape is currently evolving, these numbers to date reflect an ongoing demand for financing solutions, creating new opportunities for contractors to take advantage of.
Average APR
The average offer APR in Q1 was 18.7%, a 5% decrease from Q4. February and March specifically saw the lowest average rates since Q1 2023. Although the forecast for future months remains unclear given market volatility, this is a positive trend and indicates that more favorable financing options are available.
Average Term
The average offer term for Q1 was 54 months, remaining flat to the Q4 average of 53 months. This consistency highlights the reliability of the financing terms on our platform, offering both contractors and customers predictable, manageable payment options.
