Contractor business loans can be a very important for home improvement contractors to balance their cash flow and make sure that business obligations are met. They can also use them to reinvest in the business. Not only are they a valuable growth tool but they can be essential when a home improvement contractor has seasonal spikes and dips dues to weather, seasonality and consumer behavior.These types of loans require a fair amount of paperwork, a good business track record of credit and the ability show that the business is on solid ground.
A Commercial Equipment Lease can be used by companies to buy and finance equipment purchases. You can apply for our commercial equipment lease here
Working capital lines of credit are a variation of a business loan that may provide more flexibility to the contractor as their cash flow is managed. These types of credit loans typically require some additional monitoring by the lending institution as it is more open ended.
Business credit cards can help you reap the rewards of your hard work with cash back, airline miles and rewards. Many savvy home improvement contractors put all of their business purchases and fleet gasoline on their business credit cards and earn significant amounts of miles and rewards. Find the card that best fits your needs and start racking up the advantages of owning your own business today.
Lastly there are business cash advance products that require little paperwork, have a quick funding turn time and the business advance is based on the deposits and the cash flow of the business and is not as focused on credit. These loans are becoming much more popular since they are faster, require less paperwork have lower credit thresholds.
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