Financing · Financing Marketplaces
PowerPay Review
Multi-lender POS platform for large-ticket jobs — staged funding to $100k
Consumer-cost / reputation warning
Consumer-complaint cluster around interest charged before promos end, missing statements, and slow refunds, with conflicting BBB-grade reports. Confirmed operating ($556M securitization Oct 2025; $2.1B+ funded), not defunct — verify your fees and the customer experience.
Quick verdict
PowerPay is best for Mid-to-large home-improvement trades (roofing, siding, windows/doors, HVAC replacement, decking, remodeling) needing high loan amounts and progress funding. Opaque public pricing; unsecured/credit-driven (lower approval breadth than Sunbit); consumer complaints (pre-promo interest, statements, refunds); split focus with medical financing; not for small tickets.
Fees & terms
Multi-lender POS platform (funds via partner lenders). Markets low/no contractor fees vs the "average 7.5%" industry norm (exact schedule not published). Loans up to $100,000, terms up to 15 years; staged/progress funding + rate-buydown options..
- Cost to contractor
- Markets low/no contractor fees (vs ~7.5% industry norm); exact dealer-fee schedule not published
- Customer APR
- Customer APR starts ~8.99% (some programs ~6.99%)
- Loan size
- Up to $100,000; terms up to 15 years (derived avg ~$17.5K)
Affiliate disclosure: Contractor enrolls as an approved provider; not an affiliate-link model. Correct domain is getpowerpay.com.
About PowerPay
PowerPay is a digital, multi-lender point-of-sale platform built for larger-ticket home-improvement (and elective-medical) financing: a contractor's customer applies once and PowerPay routes them to a network of funding partners, with unsecured loans up to $100,000, terms up to 15 years, staged/progress funding for long projects, and rate-buydown options. It markets low-or-no contractor fees against the industry's ~7.5%-dealer-fee norm and has funded $2.1B+ across ~120,000 transactions in all 50 states. For big-ticket roofing, full HVAC, windows, and remodels, the high loan ceiling and progress funding are the draw.
The caveats: public pricing is opaque (no fee schedule or full APR matrix), it's unsecured and credit-driven so the best rates/amounts skew to stronger credit (it lacks Sunbit's ~90% soft-pull breadth), and there's a consumer-complaint cluster around interest charged before promos end, missing statements, and slow refunds (with conflicting BBB-grade reports). It also splits focus with elective-medical financing rather than being a single-vertical specialist. For mid-to-large home-improvement jobs where loan size and progress funding matter, PowerPay is a strong platform — verify your specific fees and the customer experience before leaning on it.
How it works
A contractor (one of 12,000+ underwritten providers) presents PowerPay at the point of sale; the customer applies digitally for an unsecured installment loan up to $100,000, which funds through partner lenders with terms up to 15 years. The platform supports staged/progress funding (disbursing as the job advances) and rate buydowns, fully paperless with fast approvals.
Pros & cons
What works
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Large loan capacity (to $100,000)
Supports big-ticket roofing, full HVAC, windows, and major remodels that exceed small-ticket lenders' limits.
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Low contractor-fee positioning
Markets away from the ~7.5% dealer-fee norm, aiming to protect contractor margin (verify your actual fees).
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Staged/progress funding
Disburses as the job progresses, improving cash flow on long, large projects.
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Competitive customer APRs + buydowns
Rates start around 6.99–8.99% with rate-buydown options to sharpen the customer offer.
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Broad coverage, fully paperless
Nationwide across many trades with fast, paperless approvals through a multi-lender network.
What doesn't
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Opaque public pricing
No published fee schedule or full APR matrix — you confirm your costs only on enrollment.
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Unsecured, credit-driven
Best rates and amounts skew to stronger credit; it lacks Sunbit's ~90% soft-pull approval breadth.
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Consumer complaint cluster
Reports of interest charged before promos end, missing statements, and slow refunds, with conflicting BBB-grade reports.
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Split focus with medical financing
Also does elective-medical/patient financing, so it's not a single-vertical home-improvement specialist.
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Not for small tickets
Oriented to mid/large loans — overkill for repair-and-service work Sunbit handles better.
Features & integrations
Key features
Integrations
Frequently asked
How is PowerPay different from a single lender?
PowerPay is a multi-lender marketplace platform — the customer applies once and PowerPay routes them across a network of funding partners, rather than approving against one lender's box. Combined with loans up to $100,000 and terms to 15 years plus staged funding, that makes it well-suited to large home-improvement projects, though the best rates still skew to stronger-credit customers.
What does PowerPay cost a contractor?
PowerPay markets low or no contractor fees compared to the industry's roughly 7.5% dealer-fee norm, but it doesn't publish an exact fee schedule or full APR matrix — so confirm your specific costs during enrollment. Customer APRs start around 6.99–8.99%, with rate-buydown options available to sharpen offers.
What size jobs is PowerPay best for?
Mid-to-large projects — roofing, siding, windows and doors, full HVAC replacements, decking, and major remodels — thanks to its $100,000 ceiling, 15-year terms, and staged/progress funding that disburses as the work advances. For small repair tickets, a high-approval small-ticket option like Sunbit is a better fit.
Other financing options
Wisetack
Embedded consumer financing built for home-service businesses
GreenSky
Large-scale home-improvement point-of-sale financing (up to $100K)
Hearth
Contractor financing marketplace plus sales tools (subscription-based)
Acorn Finance
Free lender marketplace — compare 30+ home-improvement loan offers
Service Finance Company
Bank-backed (Truist) home-improvement POS financing with 50+ programs
Foundation Finance Company
Full-credit-spectrum financing — approves customers prime-only lenders decline