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

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.

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.

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 eliminated all unnecessary fees, coverage charge and penalties.

PowerPay also offers the longest payment options – up to 15 years. Our rates start at 8.99% and we can offer up to $100,000 loans with staged funding for qualified contractors.

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.

Why don’t you offer “No-No” loans?

A “No-No” loan is also known as a deferred-interest credit card loan.  We don’t offer teaser loans for a few reasons.  Studies show that most customers that qualify for these loans can afford to pay cash for the home improvement.  So, by offering these loans, you are paying an average 10% in bank fees, and either eating the cost of the loan or passing it on to your customer.  This doesn’t make sense.  The main reason to offer financing is to help the customers that cannot afford to pay cash for a home improvement.  Deferred-interest credit card promotions don’t help customers that need it because the payments are much higher and if they are late or miss a payment, they’re hit with heavy penalties and an acceleration of the interest payments.  Rates can be as high as 30%.

We don’t believe in these loans.  We offer a fair, low-interest rate with 5-, 10-, and 15-year options so your customer can get the lowest payment possible.  A low monthly payment with no fees ensures that everyone is happy—both you, and your customer.

PowerPay Partners

Enroll Today! Use Tomorrow!