The world of small business is continually evolving and growing. As we continue to become a society obsessed with instant gratification, large and small businesses alike have been faced with the task of keeping pace with our demands.
The difference, however, is larger companies often possess the necessary working capital to meet an uptick in business while smaller companies may find themselves a bit overstretched.
Different industries experience varying spikes in clientele and business, but one service that is always in high demand is cleaning and janitorial businesses.
One thing that’s clear is our society does not like to clean up after itself, nevermind after others. This has made cleaning services like janitorial and housekeeping businesses a staple in many of our lives.
Running a small janitorial business comes with plenty of ups and downs, but being a business in high demand, while sometimes tiring, is a good thing.
Fast Janitorial Business Loans for Small Businesses
Even some of the most successful small businesses can benefit from the use of easy merchant cash advances, and janitorial businesses are no different. A janitorial business loan can be used to buy new business equipment and bring on additional staff, something many small business owners aren’t always in the position to do out of pocket.
When the need for a janitorial business loan arises, most companies will turn to traditional lenders like banks.
Banks have been the best option for janitorial business loans for decades, and still usually are. But over the past 10 to 15 years, banks have made it more and more difficult to qualify for janitorial business funding.
And it’s not just janitors who are having trouble meeting the standards of big banks, housekeeping business loans, or cleaning business loans in general; it’s all small businesses.
Even the most successful cleaning businesses have had trouble qualifying for housekeeping business loans without having to provide some type of collateral in their loan agreements. This means they would be required to pledge personal assets to receive their housekeeping business funding, something most small business owners are not comfortable with.
Here’s more info from our experts to help your small business thrive.