LendingClub Launches Home Improvement Financing; Begins Underwriting and Originating Loans Through Inaugural Partnership with Wisetack - PR Newswire

LendingClub is officially entering the home improvement space through a new strategic partnership with Wisetack. This move means contractors and home service businesses now have access to a major new source of bank-backed capital to offer their customers. LendingClub will act as the primary lender, while Wisetack provides the technology platform that integrates directly into the software you already use to manage your business. For service providers, this is big news because it brings the stability of a leading digital bank into the point-of-sale financing world. The focus is on large-ticket projects like HVAC installs, roofing repairs, and kitchen remodels. Your customers can apply in seconds and get clear, fixed-rate monthly payments with no hidden fees. Because LendingClub is underwriting these loans directly, you can expect competitive rates and high reliability compared to non-bank fintechs. This partnership aims to bridge the gap between high-cost credit cards and traditional, slow bank loans, giving your clients a faster way to say 'yes' to expensive projects.

Source: Google News: LendingClub

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