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Landscaping Business Loans

Increase Your Working Capital with Landscaping Business Loans

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How a Landscaping Business Loan Can Help Your Business

Like any business, you need substantial working capital to start or expand your landscaping business. This might be a problem if your cash flow is insufficient or unavailable.

In order for a landscaping company to generate a steady flow of cash, it must take on projects, which might require large amounts of investment capital. To complete a project, a landscaping company must hire skilled workers, secure necessary equipment, and create a plan to finish the project on the client’s specified date. However, landscaping companies only get paid when the project is done.

Because of seasonality, generating funds for growth and expansion isn’t as easy for landscaping companies as it is for other businesses. Your landscaping company might enjoy a surge in demand during the warmer seasons, but then experience off-seasons during colder months. Despite an off-season, you still need to pay your bills all year.

Another factor that might influence your landscaping business is the weather. The unpredictability of the weather might delay projects, which can put an even larger gap in cash flow.

SMB Compass understands the challenges of running a landscaping business. That is why we’re committed to working with you to help you attain the funding you need. At SMB Compass, we will take the time to find a financing plan that fits your every need.

Best Ways to Use a Landscaping Business Loan

Running a successful business isn’t easy. But with a reputable funding partner, that believes in your potential, you might have a shot at success.

Here are some ways you can use the funds from a landscaping business loan:

Employee Incentives

One of the most effective ways of recruiting and retaining skilled landscapers is by offering incentives and rewards. Examples of incentives are giving bonuses for quality work, beating deadlines, or setting new milestones. However, implementing a reward system costs money – and many businesses need additional working capital for that. A landscaping business loan can help you secure the funds to motivate your workers with employee incentives.

Create a Website and Social Media Pages

If your landscaping business doesn’t have a website or social media pages, how will your clients find you? Without the help of technology, you’re missing out on countless opportunities that might have come your way. If your business already has a website, kick it up a notch by making it mobile-friendly. This opens doors to more opportunities for lead generation, improved business operations, and a steady influx of customers.

SEO and Digital Marketing

In today’s technologically-advanced world, people mostly rely on websites and social media pages to look for products and services. But putting up a website isn’t enough. You must invest in digital marketing and SEO to reach your targeted audience. An updated and optimized website or social media page enables you to interact with clients, display your landscaping work, and boost your business’ credibility.

Equipment Purchases

Over time, your landscaping equipment may need to be repaired or replaced in order to provide the quality of service promised to your clients. Lawn mowers, drop spreaders, string trimmers, leaf blowers, sprayers, and other landscaping equipment cost a fortune. Don’t let equipment purchases break your bank! A landscaping business loan gives you the funding you need to purchase brand new equipment for your business.

Best Types of Loan Programs for Retail Store Business Loans

SMB Compass offers different types of financing options for your landscaping business needs. To ensure that your business gets nothing but the best, our trusted financial advisors will help you find the right loan, based on your business’ specific needs and goals.

Here are the most common types of financing options for landscaping businesses:

Landscaping Business Loan

SBA 7(a) Loans

The Small Business Administration (SBA) offers small businesses the opportunity to secure long-term financing via the SBA program. The SBA incentivized lenders to offer loans to businesses by guaranteeing up to 85% of the loans to lenders. This means that banks and private lenders are more willing to lend you the money, since the SBA secures most of the funds. This increases the chances that your landscaping business will qualify for this type of loan.

Equipment Financing

If you don’t have the cash to pay for equipment purchases out-right, you can apply for an equipment loan. Once you’ve qualified for an equipment loan, lenders provide you with the funds you need to buy or repair landscaping equipment. With an equipment loan, you don’t have to stress over the costs of purchasing the equipment you need up-front.

Loans for Landscaping Companies
Merchant Cash Advance

Merchant Cash Advance

Technically, a merchant cash advance isn’t a loan. Merchant cash advances refer to a cash advance against your business’ credit or debit card sales. With this type of cash advance, your business doesn’t have to pay off the debt until your business generates revenue from card transactions.

Invoice Factoring

Invoice factoring is more of a business transaction than a loan. Your landscaping business can sell your pending invoices, for a fee, to lenders, in exchange for immediate cash. After the transaction, the lender owns the invoices. Your customers then pay their remaining balance directly to the lender.

landscaping business loans
Retail Store Business Loans

Business Line of Credit

A business line of credit gives you access to a predetermined amount of capital, which you can draw upon whenever you need it. This line of credit works similarly to credit cards. A business line of credit can cover the costs of your business’ needs, such as buying equipment, employee payroll, purchase inventory, add working capital, pay off debts, or deal with cash flow problems.

Best Types of Loan Programs for Hotel Business Loans

SMB Compass offers different types of financing options for your hotel business needs. We have financial experts on hand, ready to help answer any question to make sure you find a loan product that fits your needs.

Here are the most common types of financing products for hotels:

Landscaping Business Loan

SBA 7(a) Loans

The Small Business Administration (SBA) offers small businesses the opportunity to secure long-term financing via the SBA program. The SBA incentivized lenders to offer loans to businesses by guaranteeing up to 85% of the loans to lenders. This means that banks and private lenders are more willing to lend you the money, since the SBA secures most of the funds. This increases the chances that your landscaping business will qualify for this type of loan.

Loans for Landscaping Companies

Equipment Financing

If you don’t have the cash to pay for equipment purchases out-right, you can apply for an equipment loan. Once you’ve qualified for an equipment loan, lenders provide you with the funds you need to buy or repair landscaping equipment. With an equipment loan, you don’t have to stress over the costs of purchasing the equipment you need up-front.

Merchant Cash Advance

Merchant Cash Advance

Technically, a merchant cash advance isn’t a loan. Merchant cash advances refer to a cash advance against your business’ credit or debit card sales. With this type of cash advance, your business doesn’t have to pay off the debt until your business generates revenue from card transactions.

landscaping business loans

Invoice Factoring

Invoice factoring is more of a business transaction than a loan. Your landscaping business can sell your pending invoices, for a fee, to lenders, in exchange for immediate cash. After the transaction, the lender owns the invoices. Your customers then pay their remaining balance directly to the lender.

Retail Store Business Loans

Business Line of Credit

A business line of credit gives you access to a predetermined amount of capital, which you can draw upon whenever you need it. This line of credit works similarly to credit cards. A business line of credit can cover the costs of your business’ needs, such as buying equipment, employee payroll, purchase inventory, add working capital, pay off debts, or deal with cash flow problems.