Having quality equipment is important for any business, but especially so for construction companies such as plumbers. With a small business loan from Pay Less Business Funding, we can help provide the capital needed to invest in your business to do high quality work at bigger jobs with high quality clients.

A plumbing business generally uses SBA loans, lines of credit, or cash advances for financing their equipment to cover up-front costs. At Pay Less Business Funding, we help business owners understand which type of business loan is most appropriate for your plumbing business, your goals, and your financial situation. For more information on which type of loan is best for you and your business, take a look at our provided Services or contact us for more information or to speak with a Pay Less Business Funding representative.

SBA loans are ideal for small businesses because they are backed by the Small Business Administration. It can be difficult for plumbing businesses to obtain traditional bank financing due to strict requirements, so an SBA loan can be the perfect fit for your plumbing company. The Small Business Administration agrees to cover a majority of the lender’s losses if your plumbing business defaults on the loan, effectively protecting both sides of the agreement and providing a sense of security with an infusion of capital.

Merchant cash advances are not actual loans - instead, the capital is exchanged for future receivables such as deposits, credit card processing, or similar revenue factors. Though this is not a typical loan, it helps your plumbing business obtain a cash infusion quickly, with approval time as little as 2-24 hours and funding at your disposal within 2-5 business days. If your plumbing business suffers from poor credit history and you cannot secure a loan from a traditional bank, a cash advance is a great opportunity as this financing avenue is driven by cash flow.

Our work with other construction-based companies and our connections within the industry allow us to help businesses that have been denied by banks in the past to acquire SBA loans, cash advances, or lines of credit to grow their plumbing business. Contact a Pay Less Business Funding representative today to see how we can assist you in your growth goals.