Plumbing 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

Why More Profitable Projects Go Much More Smoothly with Financing

The jobs that plumbing contractors take on are some of the most varied in home renovation and repair. While small jobs can average $300-$350 the larger and more profitable projects go much more smoothly when contractors work with a quality, modern financing partner.

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.

Handy Financing for Plumbing Contractors Makes Funding Jobs Much Easier

A strong financing partner who can instantly deliver approvals for up to $100,000 ensures that you can quickly and easily offer the highest quality materials and installation to your customers. Using financing, your customers wont need to pinch pennies or cut corners, greatly lengthening the plumbing’s lifespan and eliminating the risk of leaks.

Covers Installation of Common Bathroom Fixtures

Installing major bathroom fixtures is one of the more profitable plumbing tasks your company might undertake. Installing new plumbing can cost $1,500 or more, a new shower anywhere from $1,200 to $5,500, a bathtub from $1,000 to $5,000, and upgrading to a tankless water heater to supply those bathing facilities can go up to $3,000. Backed by a high-quality finance partner ready to fund any project of $1,500 or more, installing any combination of these features is easily within reach for any homeowner.

Allows Your Clients to Choose You Rather than an Inferior Competitor

Plumbing tends to be expensive precisely because it needs a lot of skill, knowledge, licensing, and patience to be successful. Supported by a quality financing partner that offers good terms, you can win more clients by eliminating the need to make large up-front payments, instead offering the option to pay for projects in a low monthly fee. This allows your clients to obtain a premier job from your contracting business, without having to sacrifice quality. 

Enhances Your Word-of-Mouth Referrals

A good source of new plumbing projects consists of word-of-mouth referrals, since practically anyone for whom you complete a plumbing contract will know someone else in need of plumbing work. The quality work you can do with financing, plus the painless, instant-approval application process, makes clients that much more likely to send referrals your way.

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.

Plumbing Contractor Financing FAQ

Are Whole-House Water Filtration Systems Covered by Financing?

Whole-house water filtration systems are increasingly popular as a way to filter out chemicals, chlorine, heavy metals, and natural contaminants. Several of the options cost less than the $3,500 minimum loan amount from modern financing sources and thus won’t qualify unless they’re included in a larger plumbing project. Some filtration systems and their costs include:

  • Activated carbon systems: $600 to $3,000
  • Water softener systems: $1,500 to $3,000
  • Electromagnetic Flow-Tech systems: $1,000 to $2,000
  • Multi-stage whole-house filtration systems, non-reverse osmosis: $500 to $10,000 (most are less than $5,000, however)

One final type is the reverse osmosis system, which uses a membrane to block purify water, producing excellent taste and removing even the most stubborn toxins. A 400-to-500 gallon per day high-quality reverse osmosis system, can easily exceed $5,000. Financing can help clients pay for one of the most advanced, thorough filtration systems available today.

What are the Costs of Sump Pump Installation?

Installing a sump pump to prevent flooding and similar purposes is usually cheap enough not to require financing, with a national average around $1,200. Many factors can potentially push this higher, however. If the complete system, including the pump, drains, drain tiles, basin, and pipework needs to be installed, the price typically comes in higher, at $2,500 to $6,000. With very large basements or areas that require multiple sump pumps and extensive, complicated pipework, the cost can be anywhere from $10,000 to $15,000, or higher. In these instances, readily available low-cost financing supports a full installation that will prevent mold, mildew, and other moisture-related problems.

What Complexities may Exist in Sump Pump Installation?

Unlike installing a bathtub, shower, or toilet, full sump pump installation could require you to subcontract to other specialized contractors. An electrician may be needed to complete wiring work for the sump pump system, while other specialists might be needed for certain parts of the installation, such as excavating for exterior drainage features. If these expenses can be included as part of the main project, however, the same loan can be used to cover the whole job’s cost, and not just specific parts. With a modern financing company that cuts out contractor fees, you will get 100% of the job’s cost on installation and can easily and completely pay any needed subcontractors their share.

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