Plumbing business loans

Running a plumbing business comes with cash flow gaps in slow seasons or when the housing market stalls. Then there’s replacing expensive equipment, buying tools for a project, and waiting for accounts payable to clear. Further, you still need to make payroll to avoid losing staff and you may need to stock up on inventory as the busy season approaches. That’s where a business loan for plumbers comes in.

When you take a short- or long-term loan, you get the flexible financing to keep your business running during the slow times. Plus, you can have cash available to buy the necessary supplies as you land a large project, and you can rest assured knowing your business is safe. We make it easy for you to find the financing you need and fast.

Click here and enter a bit of information about your business. Then we’ll connect you with financial providers that specialize in business loans for plumbing companies. It only takes seconds. Many of our partners specialize in financing for plumbers no matter how large or small their businesses or financing needs are. Once approved, some can release funds to your business checking account within 24 hours.³

Having access to additional capital can make all the difference for your plumbing business. Whether it’s to grow when opportunity strikes or to cover expenses in an off season, there’s a financing solution to suit your needs. Here are some of the types of business loans available to plumbers.

• Small business loans: When you have multiple needs from financing equipment repairs to replacing hydro jetters or inspection cameras to hiring new staff, a general small business loan gives you the flexibility to fund multiple projects.
• Short-term business loans: For stocking up on inventory, leasing equipment temporarily, room and board for team members on long-distance projects, and more, a short-term business loan can help cover these temporary needs. The payback period is less than that of a traditional loan, making it easier to clear off your credit report more quickly.
• Working capital loans: Any expenses that can help keep operations running, like hiring specialists on the fly, covering payroll in a seasonal lull, or paying rent and utilities, are what working capital loans are made for. You can even use it to repair trucks, buy inspection cameras, and replace snakes.
• Equipment financing: When you need to buy or lease expensive equipment from pipe fusion machines to pressure testing pumps to a new vehicle, equipment financing is the way to go. It can be used for new or used equipment and vehicles.
• Business bridge loans: For any short-term and time-sensitive expense where you need to “bridge” a gap in cash flow, like a deposit on heavy machinery or a down payment to acquire a competitor, this is the financing product for you. With a business bridge loan, your plumbing company can secure the needed tools and staff for landing large projects or getting a bid in when a competitor or a new location goes up for sale.

One of the reasons plumbing companies trust SmallBusinessLoans with their financing needs is because we have financing partners that customize business loans to the individual plumbing company’s needs. Click here and fill out our quick form, and you’ll see how quick and easy it is to find the best funding for your business.

A plumbing business loan from our partners can be used to: 

• Increase your advertising efforts to attract new clients.
• Expand your team and hire new staff.
• Invest in professional development and training for employees.
• Purchase or lease new equipment or tools for your business.
• Expand your service offerings.
• Cover unexpected expenses or emergencies.
• Acquire a competing business.
• Renovate or relocate your office space.
• Pay for insurance, training, licensing, and other professional expenses.

The requirements to qualify for a plumbing business loan vary by financing provider. Traditional lenders, credit unions, government agencies, and alternative online lenders are all going to have certain minimum requirements that applicants need to meet to get funded. These may include a minimum amount of time in business (i.e., six months to a year), a minimum amount in annual revenue, and an established credit score (from poor to excellent).

Regardless of the amount of time you’ve been in business, your annual revenue, and your FICO score, SmallBusinessLoans has solutions for you through our extensive network of trusted partners. Click here to see your matches now.