About Carmel financial
Carmel Financial was founded in 1967 by Tom Sheehan. It simply began with a single $8 payment. The check, he recalls was the first monthly payment for the sets of encyclopedias he sold door to door. Using his own capital, Sheehan began offering credit for customers. However, Sheehan quickly realized there was a need for the same service for other important products.
Carmel Financial Corporation became an emerging leader among lenders in the United States. The company’s unique financing programs have established it as a dominate fixture in the in-home water treatment industry, and made it a growing force in the home improvement products industry. Carmel Financial significant commitment to controlled growth and profits parallels the company’s commitment to its dealers, customers and other trade partners by providing quality products and services.