PowerPay
PowerPay offers consumer loans for home improvement, healthcare, solar projects, and recreational vehicles, with a network of over 12,000 service providers and operations in all 50 states.
Services
PowerPay offers a wide range of consumer loan services, specifically targeting home improvement, healthcare, recreational vehicles, and solar projects. These loans include financing up to $100,000 for home improvements with rates starting at 2.99%, healthcare financing for elective procedures up to $60,000, and financing options for solar and battery projects for up to 25 years. Additionally, PowerPay provides loan services for pet health, including surgeries and emergency care.
Products
PowerPay provides various financing solutions, including loans for home improvement projects like roofing, kitchen remodels, and HVAC systems. The company also offers healthcare financing for services such as dentistry, vision correction, and fertility treatments. For recreational needs, PowerPay extends financing for ATVs, motorcycles, and mobile homes. Additionally, the company offers promotional programs that include no interest and no payments for up to 24 months.
Network and Partnerships
PowerPay has an extensive network of over 12,000 service providers, helping over 45,000 consumers afford their purchases. The company partners with a variety of financial institutions, including credit unions, banks, and hedge funds to deliver competitive financing options. Notably, PowerPay has partnered with Roofr to provide specialized financing solutions for roofing contractors.
Operations and Reach
Employing over 200 people, PowerPay operates in all 50 states. The company has processed over $3 billion in loans, demonstrating its significant market presence and operational efficiency. Furthermore, PowerPay offers a concierge service to help merchants maximize their consumer financing programs and has launched a new loan origination technology platform to streamline lending processes.