Finance Home Improvement

Tax Refunds Impact Home Improvements

by Brenda | May 28, 2019

The IRS is already reporting a decline in the number of people receiving tax refunds in 2019 compared to last year. According to Forbes, taxpayers are seeing smaller refunds than they originally expected to receive. Any time there are changes to tax laws, someone will be upset. However, these limited tax refunds could be impacting your customers’ plans for upcoming home improvement projects.
Many people use their tax refunds to make much needed home improvements. And with that income being less than expected, it could alter their construction plans. That’s why offering financing to your customers is more critical than ever before. Help your customers understand that they don’t need to wait to complete their next project.

What are some home improvement trends for 2019 your customers might be considering? Be sure to check it out to anticipate your customers’ needs.

If there are fewer cash buyers in the market this year, you may need to rely on financing to keep busy. Our core product is a standard installment loan, which features affordable monthly payments and competitive interest rates for prime credit customers (at no cost to the contractor). This is typically a better option than Same-as-Cash financing that other lenders offer because, unless the customer has the available cash, the can is only kicked down the road for a few months.
Your customers don’t have to wait until next year’s tax refund to complete their long-awaited home improvement project. They can still build their dream home in 2019! But it’s your job as a contractor to show them how it’s possible.

There will always be curveballs in the marketplace. But our team is determined to help our contractors succeed. See how.

We work with experienced home improvement contractors (in business more than two years with at least $1 million in annual revenue) who are dedicated to their customers. There are a lot of lenders out there… but our contractors prefer the level of customer service they receive from Medallion Bank. Instead of navigating a frustrating computer-automated answering system, you can instantly talk to a real representative when you call.
You can easily increase sales and close more deals with the benefits we offer, including:
  • No contractor fees or costs from prime credit
  • Competitive interest rates on loan amounts up to $65K
  • Low, affordable monthly payments to increase job sizes
  • Customer friendly terms with no prepayment penalties
  • Mobile app, online or call-in applications
Sign up as a new contractor to offer your customers home improvement financing and take your business to the next level.

Home Improvement

Hours of Operation Monday – Friday
8am – 6pm MT
Saturday
9am – 4pm MT

Holiday Closures

Please note: Holiday closures are not the same for the Recreation and Home Improvement Departments.

  • New Year’s Day
  • Labor Day
  • Memorial Day
  • Thanksgiving
  • Independence Day
  • Christmas
  • New Year’s Day
  • Memorial Day
  • Independence Day
  • Labor Day
  • Thanksgiving
  • Christmas
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT
  • Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT

    Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    Saturday after Christmas,
    December 27, 2025
    – Closed
  • New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

    Saturday After New Years,
    January 3, 2026
    – Closed

Home Improvement Application Processing Open as Follows

Home Improvement loan application processing is open on the following holidays. All other departments are closed.

  • Martin Luther King Jr. Day
  • Columbus Day/Indigenous Peoples’ Day
  • Presidents’ Day
  • Veterans Day
  • Juneteenth
  • Martin Luther King Jr. Day
  • Presidents’ Day
  • Juneteenth
  • Columbus Day/Indigenous Peoples’ Day
  • Veterans Day

Recreation

Hours of Operation Monday – Friday
8am – 5pm MT
Closed Weekends

Holiday Closures

  • New Year’s Day
  • Labor Day
  • Martin Luther King Jr. Day
  • Columbus/Indigenous Peoples’ Day
  • Presidents' Day
  • Veterans Day
  • Memorial Day
  • Thanksgiving
  • Juneteenth
  • Christmas Day
  • Independence Day
  • New Year’s Day
  • Martin Luther King Jr. Day
  • Presidents' Day
  • Memorial Day
  • Juneteenth
  • Independence Day
  • Labor Day
  • Columbus/Indigenous Peoples’ Day
  • Veterans Day
  • Thanksgiving
  • Christmas Day
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT

    Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT
  • Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

Borrower Services

Hours of Operation Monday - Friday
8am-11pm MT
Saturday
9am-1pm MT

Holiday Closures

:
  • New Year's Day
  • Thanksgiving
  • Memorial Day
  • Christmas
  • Independence Day
  • New Year's Day
  • Memorial Day
  • Independence Day
  • Thanksgiving
  • Christmas

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Welcome to the newly redesigned MedallionBank.com. Our website now features a fresh look and includes a dedicated FAQ page for borrowers, as well as new content for strategic partners.

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