There are almost 500,000 plumbers in the United States. Plumbers are in high demand and the industry is set to climb 15% within a decade between 2016 and 2026. With this kind of growth, creating working capital quickly can become a hurdle, especially with big banks not lending. In this article we will discuss the best way plumbing businesses can acquire same day capital in 2023.
What is a Plumbing Business Cash Advance?
A business cash advance is an alternative loan option that small businesses are turning to more and more. They are fast, convenient, require no collateral, and bad credit is accepted.
A business cash advance is a type of merchant cash advance, whereas the lender bases the advance based on your future credit card transactions. However, a business cash advance is more lenient and looks at your general business revenue in your business checking account.
Same Day Capital for plumbing allows you to get business funds in 4 to 8 hours, instead of weeks to months through big banks. It also allows you to use the funds as you wish without any red tape.
Why choose Same Day Capital Business Cash Advance
Plumbing businesses are capital hungry businesses that require vehicles, a business space, equipment, and plumbers. If any one of these things go ary, then you need immediate capital to fix it.
Labor alone can cost a plumbing company $50,000 to $75,000 a year just for one plumber. Plumbing equipment is also expensive, i.e. a sewer inspection camera can cost $600 and a sewer snake can cost $5,000.
Same day capital advances are a great way, if not the only way, to get immediate cash to use by the end of the business day. You can get up to $25,000 the same day with a credit score of a 450 – that’s something banks would never do.
Using your Business Advance to grow your Plumbing Company
Besides the obvious repairs of a plumbing business, you can use the funds to grow and expand your business. You can get your business profile placed on various websites to bring awareness to your business, like creating a listing on Manta and Yelp. It’s also important to register with the Better Business Bureau and get reviews going on Google and Trustpilot.
Times are changing fast and if you want more business you have to hire or learn how to get on the internet. You might want to hire a social media marketing agency to get your brand everywhere on the internet.
First, you need a nice website that will take a few hundred to a few thousand to set up. Then, you need a digital agency to help you get traffic to your website. The more eyeballs look at your plumbing business website, the more new customers you acquire – that’s internet marketing in a nutshell.
Same Day Capital for Plumbing
Getting money the same day for your plumbing business is crucial for your survival. You can rest assured that we are committed to helping every small business survive in America because we are small business owners ourselves.
Getting same day capital for your plumbing business is as easy as filling out a 5 minute application, viewing the offer, and connecting your business account. All you need to qualify is a 450 credit score, earn $5,000 a month in revenue the last three months, and be in business six months.
You also shouldn’t have any liens, too many NSFs, or have outstanding loans with other lenders. We look at your cash flow, not your credit score to determine your funding approval odds.
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