Comprehensive Financing Solutions for Services Businesses
Grow, Expand, and Thrive
The residential and commercial services sector is a vital part of the U.S. economy, contributing to property maintenance, repair, and installation across various industries. From plumbing and HVAC services to landscaping and property management, the demand for skilled services is expected to grow steadily, driven by rising property development and the need for ongoing maintenance. According to industry reports, the U.S. commercial services market is projected to reach $500 billion by 2026, highlighting the opportunities for business expansion and growth.
At Haro, we offer tailored debt and equity financing solutions for residential and commercial services companies. Whether you’re upgrading equipment, expanding your team, or managing cash flow, Haro provides the financial tools you need to keep your business running smoothly.
Debt Financing for Services Companies:
Asset-Based Loans
Companies in the residential and commercial services sector often own valuable assets, such as vehicles, tools, and equipment. Asset-based loans allow you to use these assets as collateral to secure financing. This type of loan is ideal for businesses needing quick access to working capital for operations, growth, or new projects without selling off assets.
SBA Loans
SBA 7(a) and SBA 504 loans are popular options for small to mid-sized residential and commercial services businesses. SBA 7(a) loans offer flexible funding for working capital, equipment purchases, or refinancing debt. SBA 7(a) loans are perfect for major capital investments, such as buying new equipment or acquiring commercial property for your business. Both loans offer competitive terms and low down payments, making them ideal for long-term growth.
Lines of Credit
A line of credit provides residential and commercial service providers with flexible access to funds for day-to-day operational costs, payroll, or unexpected expenses. Whether you’re dealing with seasonal demand or waiting on client payments, a line of credit helps you maintain steady cash flow. You only pay interest on the amount you borrow, making it a cost-effective option.
Term Loans
If you’re planning to expand your service area, purchase new equipment, or renovate facilities, a term loan offers predictable, long-term financing with fixed monthly payments. This option is ideal for making large investments without disrupting your cash flow, allowing you to focus on growth and efficiency.
Equipment Financing
In the residential and commercial services industry, having reliable, up-to-date equipment is essential for success. Equipment financing allows you to lease or purchase new vehicles, tools, or specialized machinery without tying up working capital. This option offers competitive interest rates and terms, ensuring that you can keep your fleet and equipment ready for any job.
Invoice Factoring
Many service businesses experience cash flow challenges due to long payment cycles. With invoice factoring, you can sell your unpaid invoices and receive immediate funds to cover operational expenses. This financing option helps you avoid cash flow issues while waiting for client payments, allowing you to meet payroll and invest in new opportunities.
Equity Financing for Services Companies:
For residential and commercial services companies looking to grow, streamline operations, or plan for ownership transitions, equity financing offers a strategic pathway. Haro connects businesses with equity investors who understand the industry’s unique challenges and opportunities.
Why Haro?
Haro understands the specific needs of residential and commercial services companies, from managing cash flow to expanding into new markets. Our debt and equity financing solutions are designed to help you meet both immediate needs and long-term goals. With access to a vast network of financial partners, we ensure your business has the capital it needs to grow and succeed.
Your business deserves the capital to thrive. Apply today and secure the financing your residential or commercial services business needs to expand, upgrade, and operate efficiently. Click here to get started!