Driveway 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

Upsell to Better Quality Driveways Through Financing

Driveway paving or repair can cost several thousand dollars – a lump sum many homeowners can’t afford. Setting up an ongoing relationship between your contracting business and a financing company lets those customers access loans easily and instantly. The quick, easy process made possible by having a good finance source “on tap,” makes your business a pleasure to deal with for homeowners.

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.

Great Financing Strengthens Your Driveway Contracting Bottom Line

Making better driveway options accessible to people without a large bank balance via financing means larger, more lucrative jobs for you. The more expensive types of driveway projects offer advantages such as high curb appeal, great looks, and, in some cases, immensely improved durability. The widened choices from access to financing improves the outcome for both you and your customer base.

Financing can Cover both Paving and Repaving

Subjected to the constant weight, wear and tear of vehicles, even the best driveway eventually cracks and disintegrates. Clients may need a loan to cover paving a dirt or gravel driveway for the first time, or for repairing an existing driveway. Finding a financing company that funds a wide range of projects from small $1,500 jobs to large $100,000 jobs will provide monetary coverage for anything a homeowner needs for their driveway.

More Flexibility in Adapting Driveway Types to Climate

Plain asphalt driveways will probably be the backbone of your contracting business’ contracts. However, with excellent financing at their fingertips, clients may be more open to a driveway suited to their climate. In hot areas of the country, such as the southwest, asphalt driveways heat up to extreme levels. A concrete driveway or one made from brick or stone pavers stays cooler, and radiates less heat into vehicles or the nearby air. For northern climates, a radiant heating system to melt snow and dangerously slippery ice costs around $4,000 to $4,500. Spread out through monthly payments all of these options become accessible to homeowners.

Upselling to More Expensive Driveways for Greater Home Value

Armed with the support of a financing partner, you can make the case to uncertain homeowners that a topnotch, paver driveway will add to the value of their home. Even an ordinary asphalt or concrete driveway typically recoups between 50% and 75% of its cost. Paver driveways made of brick or cobblestone are far more expensive, but the ROI can approach 100% or above. Homes with high curb appeal, typically resulting from attractive driveways, landscaping, and facades, sell 10% to 15% faster than other houses.

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.

Contractor Driveway Financing FAQ

Does Financing Improve Sub-Base and Base Preparation?

A good sub-base and base are necessary to make a driveway truly stable and lasting, but can be costly. While some fill includes a large amount of powder and is quite cheap, it’s best to use good quality aggregate as the fill. Free from most powder, with small pieces that pack together firmly without large gaps, this aggregate drains well. Proper aggregate fill is around a foot (12”) thick, and even thicker in northern climates to protect against frost heaves. Adding an underlayment of geotextile keeps the sub-base fill in place when building a driveway in clay soils. Financing helps to make all of these preparations more financially viable.

Will Financing Cover Driveway Repairs?

As with repaving, resurfacing or repairing a driveway is usually eligible for support with a loan, too. Any job of $1,500 or higher may be enough to meet a financing company’s benchmark. This could even potentially include an expensive periodic sealing job on a very long driveway.

Driveway upgrades, such as installing thin pavers on top of an existing poured concrete driveway, also can qualify for funding.

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