Contractor and Remodeling Financing Blog

Philadelphia Fintech grows in home improvement during covid

With $2M from well-known Philadelphia-area CEOs, KoP fintech startup finds success and adds 100 employees during Covid Jan 13, 2021, 6:00am EST POWERPAY PowerPay Co-founders David Haas and Michael Petrakis launched the company just before the Covid-19 pandemic, and started turning a profit six months in. David Haas and his co-founder Mike Petrakis went into the Covid-19 pandemic…

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market watch powerpay

PowerPay lands new lender to add $1.5 Billion in home improvement loans

PowerPay partners with American Heritage Credit Union to deliver $1.5B in loans PHILADELPHIA, Pa., Dec 2, 2020,/../ – PowerPay, the nation’s fastest-growing home improvement financing technology company, has announced American Heritage Credit Union as its new lending partner. This partnership follows PowerPay’s launch of new lending programs offering financing options with up to 24 months…

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PowerPay Reports Significant Growth in Home Improvement Lending Amid Pandemic

October 22, 2020 09:00 AM Eastern Daylight Time PHILADELPHIA–(BUSINESS WIRE)–PowerPay, the nation’s fastest-growing home improvement financing technology company, has reported a 120% annualized growth rate in the volume of new loans originating in Q3 2020.   “We had modest projections heading into 2020, but the pandemic and economic forces caused major bank constriction in lending, and…

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8 ways to win with consumer financing

8 Ways to Win Bigger Projects

Larger projects are typically longer projects, and longer projects usually mean bigger profit margins for contractors. Think about it: With larger projects, fewer unpaid hours are spent quoting work, onboarding new customers, and securing permits. There’s also the chance you’ll save by buying materials in greater quantities. But how do you target larger projects? Do…

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