Professional Services Business Loan
Get access to revolving funds when you need it most
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How Professional Service Business Loans Can Help
Your service business needs extra working capital to meet the growing demands for success. A professional service business loan can help you cover the costs of hiring new employees, renovating your office spaces, moving into an additional or a larger space, or launching promotional campaigns, just to list a few.
There are many ways you can utilize a service business loan. Whether you’re ready to expand your business, buy new tools, or upgrade your marketing efforts, a professional service business loan through the experts at SMB Compass will help you reach each and every milestone.
SMB Compass wants nothing more than to see your business succeed with the help of our professional service loans. Our expert staff will walk you through the application process and pick the perfect funding option for you. We have funded numerous professional service businesses in the United States, including:
Marketing and Advertising
Uses of a Professional Services Business Loan
Supplies and Inventory
Advertising and Marketing Campaigns
Fortunately, the right professional services business loan will fill in cash flow gaps. You can use these funds to meet payroll, pay for daily operating expenses, or add to your working capital when your business is in a seasonal slump.
Top 4 Professional Service Business Loans
SBA 7(a) Loans
Another way to obtain affordable financing is to use your business’ assets as collateral. The most commonly used asset for a professional service business is their accounts receivable.
An asset-based loan can be structured similarly to a line of credit or a term loan. The terms and conditions set by the lender depending on the type of collateral available. SMB Compass accepts the following collateral for asset-based loans:
- Accounts Receivable
- Intellectual Property
- Real Estate
- Marketable Securities