Industries

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.

  • 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.

  • 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.

Minimum Requirements
Time in Business Minimum 6 Months
Business Annual Growth Revenue $150K + 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

  • Fill Inventory Orders

  • Pay for Business Expansion Plans

  • Hire Skilled Employees

  • Have Additional Cash Flow On-Hand

  • Invest in Advertising

  • Afford the Latest Business Technology

What Fora Financial customers say

Services Business Loans
"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
Revenue Advance
"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
Small Business Loan
“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
Revenue Advance
“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
Small Business Loan
“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
Small Business Loan
“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
Revenue Advance
“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
Revenue Advance
“Fora Financial provides better banking in general.”
Ismael Lopez
Owner / PR Wraps, Miami, FL
Small Business Loan
“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
Revenue Advance
“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
Services Business Loans
"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

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.
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.
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.

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