Siding Financing for Contractors

Offer home improvement loans on siding 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
Low rates and long terms for stucco, stone and siding projects
Close more bids and save you and your customers money

Home Exterior Siding Financing for Your Clients

Most clients understand the importance of home upkeep and regular maintenance. However, as a contractor you know the downsides of putting these projects off. A necessary siding project which is delayed will only incur more costs as additional weather damage penetrates the home.

When clients are constrained by budget and large upfront costs, they often decide to delay home improvement projects or downgrade on materials used to save money. As a contractor partnered with a quality lender you can help your clients avoid these home improvement pitfalls by spreading the full cost of the project over time allowing the necessary repairs to move forward while eliminating the client’s financial burden.

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.

The Benefits of Offering Financing for Exterior and Siding Installation

The siding of a home is the first line of defense against the weather and helps to regulate the internal climate of the home. There are multiple choices when choosing siding. Fiber Cement – Hardie Plank, Stucco and Stone Veneer are great options with different price points. As a Contractor, you know that a home’s siding is one of the most important features in curb appeal and maintaining safety and protection, but that depending on materials and home sizes, siding an entire home can be costly.

With average costs of siding a 2000-sq ft house running between $5,000 to $15,000, partnering with a quality lender offers many advantages for both you and your clients. Financing creates more affordable siding projects with low monthly payments and long repayment terms, allowing you to complete work faster and saving clients’ money for the investments that matter, like top quality and durable siding materials.

Greater Financing Gives Clients More Options for High-Quality Construction Materials for Exterior Siding Projects

The first thing most people notice when arriving at a home is the home’s exterior including the stucco, stone or siding. The color, the texture, the material used all play a role in the overall feel of the home. Even more so, as the first line of defense against weather and the responsibility for climate control, durable siding materials are more important than ever.

However, with increased durability comes increased costs; cheaper siding materials like vinyl siding, cost anywhere from $5-13 per sq foot while top-quality, high-end materials like stucco, brick and stone veneer can cost considerably more ranging from $8 all the way up to $31 per sq foot.

Backed by a quality financial partner, you can tote the durability and high-end look of top-quality materials to your clients all while translating high material costs into low monthly payments with long term repayment options. No longer will you need to worry about using the cheapest and most affordable materials, but instead on what the best materials for the home are.

Financing Allows You to Start & Complete a Siding Project Right Away

Although the average cost of a siding project can vary due to the home size and project scope, customer’s typically spend about $10,000 for new siding materials and installation, which can be a lot to worry about upfront.

As a contractor, you know that putting off a new siding project, or decreasing the scope can lead to additional problems, color mismatches and increased costs down the road, but having a quality lending partner allows you and your client to get your siding projects done immediately and efficiently.

Quality lending partners pay you, as the contractor, directly upfront for the project and collect monthly payments from your clients after the project is completed. This gives you the money and freedom to get started on the siding project right away and your clients the freedom to approve the work without having to worry about large upfront installments. Plus these home improvement loans can be paid off at any time with no prepayment penalty fees.

Increase Potential Referrals from Satisfied Siding Customers

When your client is able to choose their preferred materials and get their job done quickly and efficiently all while benefiting from the backing of low monthly payment financing, they are more likely to refer you to family and friends for their home improvement needs.

With a great lending partner your customers can afford the siding project that is right for them while also providing:

  • Affordable interest rates from 4.99% (an APR of 9% is considered excellent)
  • Simple and quick application process with approvals in as little as 60 seconds
  • Long loan terms, ranging up to 15 years. The longer the term the lower the payments.

Offering Financing Saves You & Your Clients Valuable Time

Having the ability to offer financing directly to your clients reduces their burden of having to coordinate with multiple companies at once or having to wait for the bank to make a decision. Combining financing and contracting allows you and the client to focus on the important details of the project without the delay of a third party.

Top lending partners also include features like widgets, buttons and links that can be added directly to your website allowing customers who are interested in getting prequalified for a home improvement loan can instantly approved for financing up to $100,000 without hidden fees or penalties.

The one-stop-shop of offering financing combined with the ease of sign up and approvals will save both you and your clients time in the long run.

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.

Offering Home Exterior Siding Financing FAQ

Is a Siding Project Large Enough to Warrant Financing for My Clients?

Yes it is! Home improvement loans start for as little as $1,500 and can extend all the way up to $100,000. With siding projects ranging in costs from anywhere as small as $5,000 to upwards of $20,000, financing can translate these large costs into low, monthly payments, making siding projects more affordable for you and your clients.

How Quickly Can My Customers Get Approved for a Siding Project Loan?

Lending partners can approve your clients for up to $100,000 in as little as 60 seconds. Reduce the burden for your clients of having to shop around for financing by directing them directly to a financial lending partner for approval, or through the use of special dealer-specific links that can be embedded directly onto your website or sent out via email.

Do Financing Companies Charge Fees to Contractors or Their Customers for Siding Projects?

Typically financing companies charge contractors anywhere from 5-8% in contractor fees, but some financial lenders have eliminated these fees altogether. Eliminating fees can save contractors thousands of dollars per year by reducing their accounting expenses and increasing their bottom-line.

Does New Siding Increase Home Value?

In short, yes, having new siding increases the market value of a home. Depending on the materials used, siding can recoup anywhere from 60% to upwards of 80% of the total project costs, with vinyl and fiber-cement siding returning an average of 75% of costs making siding an appealing home improvement option for homeowners.

Is There a Benefit to Financing a Siding Home Improvement Project Even if Clients Can Afford the Cost Out of Pocket?

Yes, there are great benefits that come with financing any home improvement project. With a loan provider who offers instant approvals, low APRs and low monthly payments, many clients may find that they are now able to expand the scope of their home improvement project while still having their savings for future needs. Plus a $10,000 loan for siding will result in a monthly loan of $100 per month – an affordable payment for an important project like this.

Also, a great loan provider charges no prepayment penalties to clients who can afford to pay their loan back sooner instead of waiting the full term, so there really is no downside to financing the project.

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