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 Samlend Financial.
| Time in Business | Minimum 6 Months |
|---|---|
| Business Annual Growth Revenue | $240K+ Annual Revenue |
| Business Checking Account | Yes |
| US Citizen/Based Company | Yes |
| FICO Score | 570+ |
| Other Financing | None |
| Bankruptcies | None open |
Better Your Business With Samlend 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
Case Studies
Communications Expansion
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Funding Amount: $1 Million
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Approval Amount: $1.2 Million
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Industry: Telecommunications
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Use of Funds: Expansion
Featured Funding
Stabilizing Growth
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Initial Funding Amount: $750,000
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Add-on Opportunity: $450,000
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Industry: Manufacturing
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Use of Funds: Financial Stability, Growth
Automation Growth
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Funding Amount: $300,000
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Approval Amount: $450,000
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Industry: Manufacturing / Automation
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Use of Funds: Working capital
Featured Funding
National Food and Beverage Franchise Network
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Funding Amount: $1.4 million
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Industry: Food and Beverage Franchise
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Use of Funds: Expansion and Renovation
Organic Growth
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Funding Amount: $750,000
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Approval Amount: $1,400,000
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Industry: Organic Food Grower
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Use of Funds: Cash Liquidity
Featured Funding
Delivery Service Expansion
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Funding Amount: $100,000
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Industry: Delivery Service
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Use of Funds: Equipment
Supporting Growth in Construction
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Funding Amount: $300,000
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Early Renewal: Additional $300k available in 60 days
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Industry: Construction
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Use of Funds: Cash Flow
Featured Funding
Physical Therapy
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Funding Amount: $1,000,000
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Industry: Healthcare
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Use of Funds: Expansion, Cash Flow
Subordinate Position
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Funding Amount: $2,000,000
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Approval Amount: $2,700,000
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Industry: Professional Services
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Use of Funds: Expansion, Cash Flow
Bridge Capital for Explosive Growth
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Funding Amount: $1,000,000
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Approval Amount: $2,500,000
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Industry: Construction
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Use of Funds: Bridge Financing, Expansion
Empowering Healthcare Staffing Growth
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Funding Amount: $1,000,000
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Approval Amount: $1,400,000
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Industry: Healthcare Staffing
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Use of Funds: Expansion
Facilitating Growth in Commercial Forestry Industry
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Funding Amount: $750,000
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Industry: Forestry
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Use of Funds: Hiring Additional Staff, Acquiring New Equipment and Materials
Opportunistic Growth
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Funding Amount: $400,000
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Industry: Electric Company
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Use of Funds: Opportunistic Growth
Fueling Expansion
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Total Funding: $5,000,000
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Renewals: 4 times in 16 months
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Initial Funding: $1,100,000
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Industry: Commercial Storage
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Use of Funds: Cashflow Gaps, Growth
Crafting Culinary Success
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Funding Amount: $1,000,000
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Industry: Specialty Food
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Use of Funds: Production, Technology, Marketing
Fitness Transformations
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Funding Amount: $150,000
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Industry: Fitness and Wellness
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Use of Funds: Expansion
Brewing Success
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Funding Amount: $170,000
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Industry: Food and Beverage
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Use of Funds: Product development, customer experience, marketing
Empowering Wellness
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Funding Amount: $750,000
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Industry: Health and Wellness
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Use of Funds: Bridge Financing
In with the View
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Funding Amount: $240,000
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Industry: Construction
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Use of Funds: Expansion
Growing Green
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Funding Amount: $750,000
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Industry: Landscaping
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Use of Funds: Payables, Expansion
Crafting Success
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Funding Amount: $800,000
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Industry: Manufacturing and Wholesaling
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Use of Funds: Equity Raise, Production, Efficiencies
Advancing Medical Excellence
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Funding Amount: $720,000
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Industry: Healthcare
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Use of Funds: Equipment, Staffing, Patient Experience
Fashionable Success
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Funding Amount: $300,000
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Industry: Retail
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Use of Funds: Inventory, Renovations
Charting New Horizons
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Funding Amount: $220,000
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Industry: Travel and Tourism
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Use of Funds: Product Offering, Technology, Partnerships
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 Samlend 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 Samlend Financial.
What Sets Us Apart from the Rest
Get Financing Today
Get started with your application and join Samlend Financial's family of forward-thinking businesses.