June 12, 2024


Comfortable residential structure

PowerPay Hits $1 Billion in House Renovations Loans

PHILADELPHIA, March 8, 2021 /PRNewswire/ — PowerPay, the nation’s swiftest-developing house enhancement financing company, has surpassed $1 billion in loan originations adhering to its launch in December 2019.

By means of its network of 7,000 household advancement contractors, the company has financed above 50,000 initiatives nationwide with an average venture price tag of $20,000. By the stop of 2021, PowerPay aims to reach a operate level of $3 billion whilst doubling the contractor community and personnel foundation to exceed 200 workforce.

“We believe that that we ought to supply a terrific consumer encounter when installing bogs, windows and decks, while remaining very affordable. PowerPay presents the finest programs in the market today and we are glad to be a part of their remarkable advancement” – Brian Gottleib, CEO of Tundraland, one of the nation’s biggest remodelers.

“We enjoy the importance of house enhancement financing, which boosts a family’s most critical asset. Our partnership with PowerPay has permitted us to broaden into progressive point-of-sale dwelling improvement financing programs that supply actual financial added benefits to each families and contractors. We are thrilled to be a section of PowerPay’s accomplishment” – Bruce K. Foulke, President & CEO, American Heritage Credit history Union

Mike Petrakis, CEO of PowerPay, states: “We are really proud of our overall performance to date but we have considerably greater designs for the organization. We go on to commit in engineering and men and women, introducing new persuasive solutions, to aid our contractors increase their featuring. We foresee consolidation in the sector and are on the lookout to make acquisitions and check out expansion opportunities.”

About PowerPay
Launched in 2019, PowerPay is a money engineering firm providing seamless house advancement financing methods to above 7,000 contractors. The corporation can help contractors to grow their firms with a straightforward place of sale financing system enabling access to financial loans of up to $100,000 over 15 several years with prices starting up at 4.99%. getpowerpay.com

Arina Zhukova
[email protected] 

Source PowerPay

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