Operating a roofing company can be a highly profitable business - margins are high, contracts are large, and jobs are plentiful. However, running a roofing company comes with several challenges and a running need for financial support in the form of roofing business loans. Roofing business loans can help you through payroll, invoices, equipment, or job start-up costs. It’s also worth understanding that many successful roofing business owners take advantage of funding from financial institutions to make the most of opportunities and grow, as opposed to needing it due to financial trouble.

A roofing business most commonly uses SBA loans, unsecured loans, or invoice financing. At Pay Less Business Funding, we help business owners understand which type of business loan is most appropriate for your business, your goals and needs, 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 some roofing businesses to obtain traditional bank financing due to their strict requirements, so an SBA loan might be the perfect fit for you. With an SBA loan, 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.

Unsecured loans are ideal for your roofing business if you need a quick infusion of cash to cover financial gaps and move onto the next project. These types of loans are not backed by collateral, and as a result you can acquire your funding without having to gather assets and put them at risk.

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 other types of loans to grow their roofing business. Contact a Pay Less Business Funding representative today to see how we can assist you in your growth goals.