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The costs associated with owning a land survey business can vary widely, from investment in surveying equipment to software subscriptions, business insurance, and daily operational expenses. Whether you operate a solo land surveying business or employ a team of surveyors, you need capital to cover the costs of running your business. That's where Huddle Business Capital can help.
We're an independently owned company that connects land survey business owners with fast, hassle-free growth capital through our network of top-tier lenders.
Enter basic business information on our 100% online application.
We'll review your information and contact you with a credit decision.
If your application is approved, you can expect to receive funding fast.
There are everyday expenses associated with each land surveying job you are awarded. Fuel costs can increase quickly, especially for jobs that require long drives to and from survey sites. Other expenses include marketing and advertising costs to get your name out and generate leads, as well as liability insurance. You will have rent, utility bills, and payroll if you have an office and employees.
Business loans can be used to cover the cost of business expenses or fill cash flow gaps. Let us know how much you need to borrow, and we will develop a winning game plan.
Equipment is by far the most significant investment needed for your land surveying business. Essential equipment may include global positioning systems (GPS), total stations, theodolites, levels, 3D scanners, drones for aerial surveys, and computer software for data processing. Certain types of equipment can cost anywhere from several thousand to tens of thousands of dollars.
If you cannot afford a sizable purchase or want to avoid depleting your business's cash, land survey equipment financing is worth considering. With this option, you receive funding to finance survey equipment and repay what you borrow over a convenient term.
By leasing land survey equipment instead of purchasing it outright, you can avoid significant upfront costs and spread out the payments over time. This helps preserve capital for other business-related needs. In addition, lease payments are typically tax-deductible under Section 179; just consult with your accountant to confirm.
Leasing affords you the benefits of flexible payment structures and end-of-lease options to best suit your business's unique requirements. Depending on the type of lease you enter, you can either renew it, buy the equipment outright, upgrade to newer equipment, or return it once your lease ends.
A business line of credit is a flexible financing option that allows you to access funds for your land survey business up to a predetermined credit limit. You draw funds using your company's checking account and repay what you borrow, plus interest.
A revolving credit line can be helpful when you require immediate funding to manage cash flow fluctuations, cover business expenses, or take on new surveying jobs.