Service Business
Loans & Financing
From salons to hotels to marketing agencies, we can provide all types of small businesses with service loans.
We're a Funding Partner
with a Proven Track Record
Since 2008, we've grown with the companies we support.
What is a Service Business Loan?
There are many different types of service businesses from those in hospitality and hotels to those in necessities like laundromats and dry cleaners. A service business loan is a type of financing that helps any service-based business start their enterprise, run their operations, get supplies and equipment, and even help pay employees. These loans can be more like term loans or they can be something like a line of credit similar to a credit card. A service business loan can even help seasonal businesses
How a Service Business Loan Works
Service business loans give businesses like real estate agents, hair stylists, photographers, and hotel operators the resources they need to get their company going. Whether they need to lease a space, get a website setup, buy supplies, or hire other employees, these businesses are able to thrive with the right types of lending.
Use Cases
How To Use a Service Business Loan
Because there are different types of service-based businesses, there are also different kinds of loans. Most people think of SBA loans, but there are more options than that to help with service businesses.
Learn Why Us-
Equipment
Buying equipment like computers, salon chairs, or furniture is made easier when you have a service business loan.
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Expansion
Even service based businesses need room to expand. Getting the right professional services loan can give you the funds for new hires, more space, and operational expenses.
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Renovations
Making a space just right for your service business will help your brand grow. Use professional services business loans to customize your space.
Why Apply for a Service Business Loan?
Invest in Advertising
Promoting your service business through advertising campaigns can take away from your operational expenses. Leveraging the funds from a professional services loan can help you get the word out and help you pay your bills.
Cover Payroll
It takes money to train and onboard new staff members. Using professional services company loans will give you what you need to pay your staff on time and cover the fees to hire and train new ones.
Additional Cash Flow
Many businesses need better cash flow. Using business loans services can free up more of your business cash do you can take care of daily expenses with ease.
Minimum Eligibility Requirements
Service and hospitality businesses have unique needs. That’s why we have lending products just for them. Here’s what you need to qualify for a service business loan with Fora Financial.
| Time in Business | Minimum 6 Months |
|---|---|
| Business Annual Growth Revenue | $180K+ Annual Revenue |
| Business Checking Account | Yes |
| US Citizen/Based Company | Yes |
| FICO Score | 500+ |
| Collateral | None |
| Other Financing | None |
| Bankruptcies | None open |
Better Your Business With Fora Financial
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Fill Inventory Orders
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Pay for Business Expansion Plans
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Hire Skilled Employees
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Have Additional Cash Flow On-Hand
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Invest in Advertising
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Afford the Latest Business Technology
What Fora Financial customers say
"We couldn't do it without the help of Fora Financial, and the people there are just tremendous. I highly recommend the financing program to anyone that needs it.”
John Bogonis, Owner / Carlisle Bakery, Carlisle, PA
“The integrity and relationship is extremely strong, really appreciated the way Fora Financial worked with us and it was such a positive experience for my company and for myself.”
Rodney Thomas, Owner / Thomas and Herbert Consulting
"I didn't have any capital or line of credit to start with, so I applied to Fora Financial for a loan. The team was easy to work with. Fora's products can help small businesses weather ripples in the economy that might otherwise be a serious problem."
Debra Heim, Very Best Little Hairhouse, Sharon, PA
“With Fora Financial, he was able to get an approval with minimal paperwork and the financing he needed within 3 business days.”
Juan Manuel Perez, Restaurant Owner / Pita Grill, New York, NY
“The process at Fora Financial was quite transparent, you know what you were getting into, quite honest, actually very easy and as I grew and took more advances, the terms got better.”
Dickson Shreffler, Owner / Sleepy Poet Antique Mall, Charlotte, NC
“There's no such thing as cut and dry any more, it doesn't work that way and Fora Financial was able to do that and they are still able to do that today. I hope we can continue this relationship for years to come.”
Russell Bobo, Owner / Bobo Engineering Incorporated
“True to their word, Fora Financial provided substantial funds that allowed us to get some very nice jobs.”
Ed Campany, Owner / Campany Roof Maintenance, West Palm Beach, FL
“Fora Financial provides better banking in general.”
Ismael Lopez, Owner / PR Wraps, Miami, FL
“When Fora Financial offered the opportunity to provide us with capital, we jumped right on it. We thought it was a win-win situation. It makes sense.”
Joseph Pou, Owner / J&J Pool and Beach Services
“If it wasn't for Fora Financial I don't know if we would have made it through the summer.”
Carl Busset, Owner / The 19th Hole at the Saints, Port St Lucie, FL
"Thanks to the working capital I received from Fora Financial, I was able to retain my employees during a challenging time. Applying was easy and the turnaround time was great!"
Denise Barron, Proprietor / Growing Patch Learning Center, Pittsburgh, PA
Service Business Loan FAQ
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It’s easy to apply for a service business loan. Gather financial details about your business together and fill out a quick application with a business loan lender like Fora Financial. You should hear back in 2-3 weeks to see if you’re approved and for how much.
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SBA loans are notoriously difficult to get. The good news is that they are not the only loan product out there. You can more easily get lines of credit and other professional services loans.
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Many companies require you to be in business for at least a year to qualify for a loan. However, some loan products are geared toward new startups. It’s best to apply when you have good business credit, a business plan in place, and your financial information in order. Apply today to see if you qualify with Fora Financial.
What Sets Us Apart from the Rest
Get Financing Today
Get started with your application and join Fora Financial's family of forward-thinking businesses.