Plumbing Business Loans & Financing
Plumbers are no exception. In fact, maintenance businesses experience some of the most unpredictable circumstances; it’s the nature of their industry.
When a plumber arrives at a call, they don’t know what’s going to be wrong with their customer’s appliances. It could be something as simple as tightening a bolt on a leaky pipe, or a much bigger job like installing a new piping system.
These jobs don’t just require years of experience, but access to the right equipment and materials while on the go. Keeping various sized pipes and tools for installment on hand can save you from having to make countless trips to the hardware store, but it can also be expensive.
Many plumbers, especially those whose careers are still young, do not have the capital on hand to purchase piping, tools and other equipment in advance.
So, when plumbers do need business equipment in a pinch, they will often turn to plumbing business loans with traditional lenders to acquire the funding they need.
Traditional Plumbing Business Loans vs Alternative Funding
Plumbing business loans with banks have been the go-to for plumbers for decades. Their relationship with small businesses has begun to deteriorate over the past decade, however, forcing plumbers, barbers and many other types of small businesses to look elsewhere for fast funding.
Well, the good news is, there are other options. Alternative funders like Fast Capital 360 offer products that are similar to traditional plumbing business loans, but easier to qualify for and much faster.
Traditional lenders have made it increasingly more difficult to qualify for business funding for plumbers with unrealistic standards. We say unrealistic not because they are unachievable, but because every business’ road to success is different. Not every company hits the ground running; in fact, it rarely ever happens.
Business funding for plumbers and small businesses everywhere shouldn’t be based on what lenders want from a business, it should be about what the business needs from the lender. At Fast Capital 360, it is.
Here are some of the key differences between traditional cash flow lenders and Fast Capital 360:
|Traditional Lenders||Fast Capital 360|
|Banks can take up to 3 months just to provide your business with a decision on your application, a waiting period many small business owners can ill afford.||Fast Capital 360’s online application only takes a few minutes to complete and most of our applicants receive a decision on their business in under an hour.|
|Traditional lenders require their applicants to fill out piles of paperwork just to be considered for a loan.||Fast Capital 360 only asks what we need to know, keeping things short, sweet and to the point.|
|Waiting to be approved for traditional financing can be even more damaging to a small business as they try to make ends meet.||Once you’ve been approved for plumbing business funding with Fast capital 360, your funds could be wired to your business bank account by the end of the following business day.|
|Traditional plumbing business loans require a long-term commitment. Most plumbers and other smaller companies are trying to avoid tying up future revenue and would prefer shorter terms.||Alternative lenders tend to work with much shorter terms. Fast Capital 360’s repayments are scheduled over 3 to 15 months and can be paid in either daily or weekly increments.|
Plumbing Business Financing Made Simple
Fast Capital 360 offers a variety of funding types aimed to help as business owners get the funding they need when they need it.
Whether it be…
… that you’re looking for, Fast Capital 360 has the ability to facilitate these programs plus many others, like SBA loans.
Business funding for plumbers shouldn’t be hard, it should be quick, easy and flow smoothly. With Fast Capital 360’s three-step funding program, it is!
Step 1: Apply in Minutes
Our online application is designed to provide owners with a way to apply for plumbing business financing when it’s most convenient for them. It only takes a few minutes to complete and most of our applicants receive a decision in as little as 60 minutes.
Step 2: Choose Your Funding
Once you’ve been approved for plumbing business financing with Fast Capital 360, one of our passionate business advisors will reach out to walk you through the programs your business has qualified for. They’ll ask you but about your business and how you intend to use your plumbing business financing and then you’ll choose the option that makes the most sense for your company’s needs.
Step 3: Use Your Funds!
After choosing a funding program, you could receive your business funding for plumbers by the end of the next business day and start investing back in your business!
Traditional plumbing business financing is still the go-to option for some plumbers but many others who are having trouble qualifying or are tired of dealing with banks have opted for alternative lenders like Fast Capital 360.
Our business funding for plumbers is fast, transparent and personal. When you work with Fast Capital 360 you’re not just getting fast funds, you’re getting a partner who wants to see your business grow and succeed as much as you do.
We’ve worked with thousands of businesses across dozens of industries from pizzerias to eyeglass retailers. Our goal is always to make sure our applicants know exactly what they are signing up for and how they will use their funding once they have it.
Nothing makes us more proud than the support we receive from our partners as many leave reviews to thank us for doing what we love to do, and that’s help businesses grow.
To learn more about how easy applying for business funding for plumbers is with Fast Capital 360, give us a call at (800) 735-6107, or start your online application today at FastCapital360.com/Apply.