Appliance Repair Business Loans vs. Appliance Repair Business Funding: Which is Best?
The success of your appliance repair business relies on how easy it is for customers to find your business and, of course, getting the job done right. Whether you’re repairing washers and dryers, refrigerators, freezers, microwaves or any other in-home appliances, your business provides immense value to homeowners.
While it might seem like a given, it’s important for any appliance repair business to be capable of handling the payroll of a staff that can tackle a variety of jobs. There are only so many hours in the day and even if you provide emergency services, you can’t be everywhere. On the other hand, when larger companies or recent upstarts in your area threaten to eat your market share, it is equally important to advertise your services.
Whether you’re a small, ‘can-do’ company with a couple of trucks or a growing fleet covering an entire region, finding the liquid capital to take the next step for your appliance service company can sometimes be difficult.
When small and medium-sized businesses need funding to move forward with their business plan, they have two options: the big banks or online lenders like Fast Capital 360.
Why choose Fast Capital 360 for your Appliance Service Business Loan?
Because your time is valuable:
Major financial institutions make business owners jump through unnecessary hoops to get small business funding. These applications can take several hours to complete, include several identity checks and are often written for lawyers, not business owners.Fast Capital 360’s application process is quick and easy, taking only minutes to complete.
Even short-term loans for businesses can take a long time to be approved by the big banks; 90 days in some cases! When your business depends on getting more working capital, three months can be the difference between striking when the iron is hot and losing out on an opportunity.
Our funding process is designed so that appliance repair businesses can get the financing they need when they need it. Most of our approvals are sent out in a matter of hours with many receiving a funding decision in just 60 minutes.
Once your alternative funding to a small unsecured loan is approved, you won’t have to wait very long to receive your cash. In most cases, capital is wired to your bank account by the end of the next business day. We don’t ever put any stipulations on how you spend your cash. You use it when you need it, however you choose.
Reviewed as the number one source of alternative funding to small business loans on CrowdReviews.com, Fast Capital 360 has changed the lending industry. We’ve also committed to only producing fair and transparent contracts as members of the Responsible Business Lending Coalition.
With so many funding options for your appliance repair business, it can be difficult to decide whether a traditional bank loan or our better funding options will be the most beneficial to you.
Our business advisors are available to help you understand what business lines of credit for new businesses and merchant cash advances mean.We’ll guide you through every available lending option to you, even if your best option isn’t a something we offer.
Give us a call today at 800-735-6107 and speak to one of our business advisors.