PowerPay Successfully Closes $60 Million Corporate Bond Led by KeyBank as Sole Private Placement Agent - PR Newswire

PowerPay has just secured $60 million in new funding through a corporate bond issuance. For home improvement contractors and healthcare providers, this is a strong signal of stability and growth. This capital injection means the lender is doubling down on its ability to fund large-scale consumer loans. It ensures they have the liquidity to support your sales teams as you offer financing to customers for expensive projects and elective procedures. The financing was led by KeyBank. This level of institutional backing suggests that PowerPay’s business model is viewed as low-risk and high-performing by major financial players. For a merchant, the takeaway is simple: your financing partner is gaining more 'firepower' to approve more loans and potentially offer better terms. This news comes at a time when many secondary lenders are tightening their belts. PowerPay is doing the opposite by expanding its balance sheet to handle a higher volume of consumer originations. You can expect continued investment in their digital platform and point-of-sale tools. When a lender secures this much corporate debt, they usually use it to lower their cost of capital or expand their reach into new markets. If you currently use PowerPay, this solidifies their position as a long-term partner for your business.

Source: Google News: PowerPay

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