Deck Financing for Contractors

Offer home improvement loans to customers with no hidden contractor fees or credit cards.

No hidden contractor fees or credit cards
Instant approvals up to $100,000
Payment direct into your bank account via ACH
Close more bids and save you and your customers money

How Deck Financing Can Grow Your Contracting Business

Decks are more popular than ever, combining fresh air, sunlight, and nature with the comfort and convenience of a partial room. Your deck contracting business can benefit from tapping into the huge market for decks of all sizes and kinds across the country.

Securing a partnership with a modern home improvement financing service helps you cater to new customers by making it far easier for them to afford a new deck. When you’re looking for a partner, there’s no reason to settle for one that doesn’t offer a full range of benefits and services.

Close More Sales

Eliminate paying fees to banks and finance companies

Seamless Funding

Close more sales by focusing on low monthly payments

Sell More

No more compromising on price – upsell the project your customer really wants.

Types of decks and costs associated with building them

There are different types of decks for your customers to choose from, including pool decks, patio decks, multi-level decks, composite decks, wood decks, hot tub decks and patio decks.

The deck your customer chooses will be based on the materials selected, the size of the deck, and other home improvement projects associated with the deck installation. For example, a basic wood deck will cost less than a composite deck. But if someone wants a deck with a roof, you’ll need to factor in the cost of the roof as well.

The size of the deck will obviously impact the price, with smaller decks being more affordable than larger ones.

Available deck financing options

You can offer deck financing to your customers through a line of credit, credit cards, or personal loans. Each option has its own set of pros and cons that you’ll need to consider.

A line of credit is a good option if you need a lot of money for the deck project and you want to give customers the flexibility to pay it back over time. The downside is that they’ll need to have good credit to qualify and they may be required to make interest payments even when they don’t use the line of credit.

Credit cards can be a good way to finance a deck project if your customers have good credit and can pay off the balance quickly. The downside is that they’ll likely have to pay interest on the balance if they don’t pay it off in full each month.

Personal loans are another option for financing deck projects. The benefit of personal loans is that customers can get a fixed interest rate and may be able to get a lower rate if they have good credit. The downside is that they’ll need to make monthly payments and may not be able to borrow as much money as they need.

Ways that financing boosts your deck contracting

By offering financing, you can translate expensive home improvements into low monthly fees. This keeps your customers from compromising on the deck they always wanted – in fact, it can help them to upgrade to a deck that they never thought would be possible. Using financing, contractors can close more projects that are worth more money, which helps them to grow their business.

Decks are an immensely popular home addition

More than 50% of new houses built in 2019 featured decks. This shows how high the demand for these structures has risen. While the people who purchase these houses likely won’t need another deck built for years, the fact that home builders include a deck in the majority of their designs indicates their popularity. Handy, headache-free financing lets you tap into the demand for decks throughout the country.

Solid financial backing opens up the full range of deck options

Decks come in a huge range of sizes and potential materials. Each combination of area and construction material (pressure-treated wood, redwood, cedar, composite, etc.) offers advantages and disadvantages. A financing partner helps greatly in making your customer’s dollar go further. You can keep more options on the table, including higher-end deck builds, leading to more satisfied customers and quality decks.

Financing lets you do a thorough job with deck construction

Modern financing services make it much easier to upsell additional deck features. A roof, deck enclosure, or sunroom improves the year-round comfort of a deck, while a roof in particular helps reduce weathering. With these additions costing just a few extra dollars a month rather than a large up-front investment, homeowners are more likely to want them – and potentially raise your word-of-mouth reputation and referrals after they discover how practical these improvements are.

Deck financing makes it easier for your customers to afford a new deck

As a deck contractor with financing, it will be easier for your customers to afford a new deck, and cover the cost of materials, labor, and other associated expenses. When you partner with a home improvement financing service, you can offer your customers flexible payment options that fit their budget. This can help you close more sales and grow your business.

Home Improvement Services

Interior Remodeling Loans

Interior renovation and remodeling for new rooms and additions for anything inside your home.

Flooring Loans

Upgrade your floor with tile, hardwood, natural stone, porcelain, etc. includes material and installation.

Electrical Loans

From repairs to the entire home rewiring inside and outside.

Foundation Waterproofing Loans

Interior and Exterior waterproofing and foundation repairs – french drains, sump pumps and more.

Whole House Generator Loans

Loans for whole home generators from Generac, Cummins, Briggs & Stratton, Kohler and more.

Gutter Loans

Gutter replacement and gutter cover systems.

Attic Insulation Loans

Attic Insulation or wall insulation for any energy efficiency project.

Interior Remodeling & Addition Loans

Renovate or remodel rooms in your home or build an addition.

Lighting Loans

Exterior and Interior lighting including security and smart homes.

Paint & Wall Covering Loans

Interior and Exterior painting and wall coverings.

Sheds, Barns & Structures

Sheds, Barns and Structures affixed to the property.

Security & Home Automation Loans

Security and Home Automation includes audio and video, smart home, automated blinds, thermostats and more.

Sunroom & Patio Enclosure Loans

Sunrooms, Patio Enclosures, She Sheds, ADU’s and more.

Water Treatment Loans

Water filtration and water treatments.

How to enroll with PowerPay

Enrolling with us as a contractor offering deck and patio financing is easy! Don’t worry- we will be with you throughout the entire process. Once you’ve enrolled and been approved to offer PowerPay loans for decks, training will be provided for you and your team, along with resources including mobile links for when you are in the home, marketing assistance, printed guides, excellent customer service, and on-demand assistance for any loan. Approval may take a few days.

Deck Contracting Finance FAQ

Can you finance a deck?

Yes, you can finance a deck through Powerpay. Deck financing is a great option for your customers if they want to avoid putting the entire cost of their new deck on their credit card or taking out a loan. With Powerpay, they can spread their deck purchase over time and make low monthly payments.

How can deck contractors take advantage of deck financing?

There are a few different ways that deck contractors can take advantage of deck financing like offering customers the option to finance their deck purchases. This can be done by working with a financial institution to provide customers with low-interest rates on their deck purchases. Contractors can also work with credit companies to help finance customers’ decks.

What are the benefits of deck financing for contractors?

Deck financing for contractors can provide a number of benefits, including:

  • Increased cash flow and working capital – This can help contractors to take on more jobs, and complete them more quickly.
  • Easier access to credit – Contractors may find it easier to get approved for deck financing than for traditional bank loans. This will enable them to help their clients get new deck loans faster.
  • Reduced paperwork and faster approval times – Deck financing approvals can often be granted quickly, with minimal paperwork.

What are the benefits of deck financing for homeowners?

Deck financing can be a great way for homeowners to improve their home’s value and appeal. A new deck can add square footage to your home, making it more attractive to potential buyers. It can also provide you with a much-needed outdoor living space where you can entertain guests or relax after a long day. Moreover, deck financing can be relatively affordable, especially when compared to other home improvement projects. If you plan on selling your home in the near future, deck financing could be a wise investment.

Is financing useful for refinishing a deck?

That depends on how much work is required in the refinishing process. If it’s necessary to clean the deck, strip existing stain or paint, sand the whole deck surface, then apply paint or stain and sealant, costs can rise to $6,000 or $7,500 for larger decks making financing a useful source for refinishing.

PowerPay FAQ

What’s considered a home improvement?

Any equipment, service, installation costs, or other project related to home improvement qualifies for financing. The following is a partial list of what PowerPay finances: HVAC equipment & installation, attic insulation, stone veneer, windows, siding, roofing, kitchen remodels, bathroom remodels, cabinets, carpet, deck & patio, doors, fireplaces, garage doors, smart home equipment & installation, hardwood flooring, paint & wall coverings, hardscaping, landscaping, siding & exteriors, tile, stone & countertops, air conditioning & heating, gutters, spa & pool, home additions, deck building, tile installation, basement remodeling, custom cabinets, fence installation, lighting installation, garage building, cabinet installation, backsplash installation, electrical and plumbing and appliances.

What Loan Products does PowerPay offer?

Base Program
  • No Dealer Fee Options
  • Rates start as low as 8.99%
  • staged funding available*
  • terms options are 5, 10 or 15 years (lowest monthly payment)
  • no prepayment penalties
  • no credit cards
Promotional Program
  • Up to 18 Months NO payments NO accrued interest (12-month or 18-month options)
  • Deferral Period begins at the completion of construction
  • 15 Year Product
  • NO Balloon Payment: at the end of the deferral period your customer just begins making their low monthly payment with rates as low as 8.99%
  • NO Credit Card

Why should I offer financing?

50% of all home improvement investments over $5,000 are financed. Additionally, over 30% of all homeowners research financing options before making a home improvement purchase. Offering financing enables you to close more sales and earn more money on every job. By translating a large, expensive home improvement into a low monthly payment, you’re less likely to lose sales because of pricing, and you’re less likely to see customers haggling with you over costs. Quite simply, offering financing can help you to grow your business.

Why do dealers and contractors choose PowerPay?

We were founded by a home improvement professional who knows firsthand the power of financing, as well as the damage fees can do to your bottom line and your customers’ pocketbooks. The average contractor pays 7.5% in fees on every financed home improvement project. That’s why we have no hidden contractors fees, credit cards or prepayment penalties.  There are other important benefits for dealers:

  1. Longest Terms:  PowerPay also offers the longest payment options – up to 15 years.
  2. Lowest Rate: rates start as low as 8.99%.
  3. Maximum Loan: we can offer up to $100,000 loans with staged funding for qualified contractors.
  4. Higher Approval Rates: tired of declines?  PowerPay has the highest approval rate in the industry.
  5. Fast and Direct Payments:  we wired funds fast direct to via ACH to your bank account.
  6. New Programs:  we are adding new programs to help you convert more customers, StipPay, APR Enhancement and more!

How do customers pay me and what’s my risk?

Customers don’t pay you. PowerPay will direct deposit funds into your account via ACH within 48-hours after the install. You keep 100% of the funds, and your payment is guaranteed when you complete the project. It’s simple, fast and easy. No more collection calls and chasing clients for payments.

How does PowerPay work?

By using PowerPay, you are giving your customers options to pay for home improvements with financing.  Your customer will apply online using our online application form and a decision is generated in seconds.  Once approved, you can complete the transaction with your customer from our easy-to-use portal.  Electronic documents will be sent via email and your customer can sign electronically – we are fully paperless.  Your customer won’t get any bills for a month or so after installation.  You will get paid by PowerPay in full after the installation is complete.

How do I offer PowerPay to my customers?

There are a number of ways to offer PowerPay to your customers:

First, your clients can apply at
Second, we can supply you with a link or button for you to add on your website.
Third, customers can apply by contacting our call center and using your dealer/contractor ID.
Finally, your salespeople can provide a link to apply or use a tablet with our application form during in-person visits.

Who is the lender?

While other finance companies serve as “middlemen” and take fees from you for allowing you to offer financing to your customers, PowerPay does not act as a middleman or lead generator. That’s why we are able to not charge any fees.  We have funding commitments for $15 billion.  Every borrower is approved through our systems and all loans are processed through our system. That means that we control the rate and loan term, and service every loan.

How complicated and time consuming is set up?

With PowerPay, enrollment is through a simple form that takes 2 minutes.  After that, our team will train and onboard you or your salespeople at no cost at a time that’s convenient for you.  Our process is so simple that training takes less than 30 minutes.  We can have you up and running and writing loans in one day.

Promotional Programs - the difference between PowerPay and other banks

There are several types of promotional loans. PowerPay offers two types.  Same as Cash and 12 months and 18 months no payment promotions.  First, PowerPay promotional loans are not credit cards.  They are unsecured personal installment loans.  The main difference between a credit card loan and PowerPay promotion is the interest rate once the promotion is over.  In most credit card “teaser” promotions that rate, once the promotion ends, will be in excess of 29%.  Our loans, once the promotion ends will be approximately 12.99% for 10 years with no prepayment penalties so customers can pay off whenever they like.  We don’t like the credit card promotions because the fees are excessive and we’ve seen too many people get hit with accelerated payments and massive fees.  It’s just unfair and most contractors don’t seem to care what the customer pays after they’ve completed their job.

With uncertainty in the economy and financial markets we believe that if a customer wants to use the promotion and then pay it over time, it should be at a fair and reasonable rate.  Most contractors and dealers offer “teaser” promotions as a marketing tool but at the end of the day, only consumers will above-average credit qualify.  PowerPay offers promotions for customers at many credit levels.

Our same as cash promotions essentially allow the customer to make a purchase and pay off the loan in equal monthly installments similar to how you purchase an iPhone.  These programs are offered with the lowest fees in the industry.  Ask your sales rep for more information.

PowerPay Partners