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Plumbing Business Financing.
We have the playbook to keep your plumbing business flowing smoothly.
Plumbing business loans.
In an ideal business environment, your plumbing company would have a steady flow of residential and commercial jobs throughout the year, consistently meeting or exceeding your revenue goals. Unfortunately, this isn't always the case. Your plumbing business may encounter slow periods due to a decline in the demand for plumbing services or seasonal factors. These are times when a plumbing business loan can help.
Through Huddle Business Capital, you can choose from unsecured (collateral-free) working capital loans, collateralized working capital loans, and business term loans. These loans can help you fill cash flow gaps and cover expenses such as marketing, plumbing supplies, and payroll.
- Working capital loans from $5,000 to $4 million
- Collateralized working capital loans from $20,000 to $250,000
- Business term loans from $25,000 to $500,000
Plumbing business equipment financing.
The right tools and equipment can set your professional plumbing business apart from the competition and help you attract more customers. In addition to basic hand tools, essential equipment includes drain-cleaning machinery, specialized power tools, welding equipment, a press tool kit, and an inspection camera system. You will also need a reliable and spacious plumber's vehicle to haul these tools and equipment between house calls and job sites.
Purchasing plumbing equipment and a vehicle, such as a work van, requires a significant cash outlay. That's why many plumbing business owners choose to finance their purchases. With plumbing business equipment financing, you can obtain the funds needed to acquire the equipment and make predictable payments over a set period. Once you complete your payment schedule, you will own the plumbing equipment.
- Application-only up to $300,000
- 12-72 month repayment terms
- Fixed-rate throughout term
- Up to 100% financing
Plumbing business equipment leasing.
Plumbing business equipment leasing is another flexible, cash-flow-friendly option to consider. It enables you to procure plumbing equipment and a vehicle with a lower upfront cost and manageable monthly payments over a specific term. Leasing equipment is beneficial for assets that are needed on a short-term basis, or that might become outdated in the near future.
Once you fulfill the payment obligations in your lease agreement, you have several options to consider. You can choose to return the equipment, which requires you to arrange either a pickup or drop-off. If you prefer to continue using the same equipment, you may have the option to renew the lease for an extended period. Additionally, you could upgrade to a newer make or model, or you may choose to buy the equipment outright.
- Application-only up to $300,000
- 12-72 month repayment terms
- Fixed-rate throughout term
- Up to 100% financing
Business line of credit for plumbing business.
The need for immediate cash can arise at any time, often unexpectedly. For instance, you might need to buy a water heater, water filtration system, valves, or copper pipes before receiving reimbursement from a customer. Or, you may need to pay for unplanned repairs to your plumbing van or cover payroll for a staff plumber. Regardless of the reason, a plumbing business line of credit allows you to access funds instantly—up to a pre-approved limit—whenever you need them.
In addition to fast access to funds, a revolving business line of credit offers flexibility. Specifically, you only need to repay the amount you draw, plus interest. So, if you don't access it one month, you pay nothing.
- $20,000 to $250,000 credit lines
- Repay daily, weekly, or monthly
- Only repay what you draw, plus interest
