Plumbing Business

Plumbing Business Loans

Plumbers are vital to the economy. It is also vital for a plumber to have sufficient capital to run their business. Owning and operating a plumbing business comes with a lot of expenses. Between equipment repairs and advertising, it can get costly. To overcome these financial obstacles, it is a good idea to have a lender you can trust to get you the capital you need quickly through a loan that is as convenient for you as possible. Opportunity Business Loans will do just that.

At Opportunity Business Loans, you will get a custom loan tailored to your individual plumbing business. Our team of lending professionals will assess your specific wants and needs to create a loan that gives you sufficient capital through loan payments that are as comfortable as possible for you.

The Plumbing Industry

The plumbing industry is rapidly growing, with an increasing demand for plumbers everywhere. The global market for plumbing fixtures will reach $1.12 billion by 2023, with the demand for plumbers altogether expected to increase by 12% by 2024. It is safe to say that the plumbing industry is a great industry to go into. If you are planning on opening your first business, you are going to need sufficient capital. If you don’t have this capital, it is a good idea to look for a loan with a trusted lender.

Opportunity Business Loans offers some of the most convenient plumbing business loans available. We are able to do this through our partnerships. We have secured exclusive partnerships with some of the top lenders across the nation. This gives us more flexibility than your traditional bank with customization.

We can completely customize each loan to tailor it to your individual situation. This ensures a loan that is built for maximum convenience and comfort for all of our customers. With our loans, you will be able to focus more on running your business and less on making your loan payments.

Loans For Your Business

Whether you are a small business or have multiple locations covering miles of service area, we have the right loan for you. All of our lending solutions will help you take your plumbing business to the next level. Apply for one of the following loans today to get the working capital you need in under 24 hours.

SBA Loans

SBA Loans are one of the best options for small business owners. The Small Business Administration partially guarantees SBA loan amounts. This guarantee increases our flexibility when customizing a loan for your business. This means that when you choose an SBA loan for your business, you will get interest rates and loan terms that are much more convenient than a traditional bank loan.

Business Loans

Business loans are great for financing your business. With loan amounts ranging from $25,000 to $500,000, this type of loan can cover a wide variety of financial needs that you might have. The terms on these loans can span from 1 year to 5 years.

Startup Business Loans

Startup business loans are designed specifically for people who are wanting to start a new plumbing business. The plumbing industry can be competitive, and to have a successful company, you need to have sufficient capital. This type of loan will help you cover startup costs and any unexpected expenses to help your business get on its feet.

Business Line of Credit

Running a plumbing business comes with multiple unexpected expenses. These expenses can be detrimental to plumbing companies, especially if they are just starting. A business line of credit will give you constant access to capital that you can use to overcome any unexpected expenses, no matter when they happen. This type of loan is great because it gives you increased flexibility, and you only pay interest on the amounts that you draw.

Invoice Financing

If you have outstanding invoices waiting to be paid, you can use those as collateral to get more money to take care of expenses elsewhere. Invoice financing allows you to use your accounts receivable as collateral to get the cash that you are expecting right away instead of having to wait. This will enable you to use your future cash immediately to boost your business even faster.

Equipment Financing

If you own a plumbing company, you probably already know that equipment can get expensive. Between purchasing new equipment and repairing your current equipment, you will need a sufficient amount of money. With equipment financing, you will get the funding you need using the equipment you purchase as collateral.

Using Plumbing Business Loans To Get Ahead

There are various ways that you can use your new working capital to take your business to the next level. The plumbing industry can be very competitive. It is a good idea to have reliable equipment and great marketing campaigns to boost profits in your business. Below are some of the most common ways our customers have used their loans to take their plumbing business to the next level.

Purchase new equipment
Repair current equipment
Purchase new utility van
Expand marketing campaigns
Hiring new staff
Insurance costs
Licensing costs
Overcoming short-term cash gaps

Advantages of Plumbing Business Financing

When you choose Opportunity Business Loans as your trusted lender, you will have access to a ton of great benefits that give you the upper hand over your competition. Whether you are looking to expand to a new location or are needing to purchase new equipment, we can help. Below are the advantages that you will receive with any loan that you get approved for:

Same day funding
Flexible loan terms
Custom payment plans
Stress-free application process
Low interest rates
No hidden fees
No prepayment penalties
Waived interest on early payoffs
Advanced encryption for maximum security

The Application Process

We have an application and approval process that is industry-leading in speed and convenience. First, fill out our online application form. This form asks for basic information about you and your business, and it only takes a few minutes to complete.

Once we review this information, we will customize a loan around your individual wants and needs. Then, we go over the loan with you and make sure that you are comfortable with it.

Once you approve the loan, we will deposit the loan proceeds into your business bank account in under 24 hours. That's right, in just 24 hours, you can have the capital you need to take your business to the next level.

Apply Today

Whether you are a small business or own a sprawling, multi-location plumbing company, we can help you get the funding you need to boost profits and increase customer satisfaction. Our loan program is designed to put our customers first to get the financing they need in the most comfortable way possible. Give us a call or fill out our online application form today to get a loan tailored to your individual wants and needs.

Apply Now

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