Industries
Business Loans for Service-Based Companies & Professionals
Whether it’s salons, hotels, or marketing agencies, we offer service loans to support all kinds of small businesses.
We're a Partner with a Proven Track Record
By the Numbers
With 12 years of combined experience, we’ve helped businesses grow.
Fast funding. Same-day approvals. No credit impact.
Apply online and get funded fast.
What is a Service Business Loan?
Service Business Funding offers flexible capital funding solutions for a wide range of service-based industries—from hospitality and hotels to laundromats, dry cleaners, and other essential services. Our options, including Merchant Cash Advances, Revenue-Based Financing, and alternative funding, provide the working capital you need to start operations, manage daily expenses, purchase equipment, and cover payroll. As experienced Merchant Cash Advance Direct Lenders, we deliver quick business capital to help seasonal and year-round service businesses thrive. Need fast business cash? Our small business cash advance programs are built to keep your service business running smoothly.
Service businesses span a wide range of industries—from hospitality and hotels to essential services like laundromats and dry cleaners. A service business loan provides the financial support needed to launch a new venture, manage daily operations, purchase equipment and supplies, and cover payroll. These loans come in various forms, including term loans and revolving lines of credit, offering flexibility similar to a credit card. Even seasonal service businesses can benefit from this type of financing to manage cash flow during slower periods.
How To Use
a Service Business Loan
Given the variety of service-based businesses, there are also different types of loans available. While SBA loans are commonly known, there are other options to assist service businesses as well.
Equipment
Purchasing equipment such as computers, salon chairs, or furniture becomes more manageable with a service business loan.
Expansion
Even service-based businesses require room to grow. Securing the right professional services loan can provide the funds needed for new hires, additional space, and operational costs.
Renovations
Creating the perfect space for your service business can help your brand thrive. Utilize professional services business loans to tailor your space to your needs.
Why Apply for a Service
Business Loan?
Invest in Advertising
Running advertising campaigns to promote your service business can strain your operational budget. Using funds from a professional services loan can help you spread the word while keeping your bills covered.
Cover Payroll
Training and onboarding new staff members requires funding. Professional services company loans can provide the resources to pay your staff on time and cover the costs of hiring and training new employees.
Additional Cash Flow
Many businesses require improved cash flow. Utilizing business loan services can free up more of your business’s cash, allowing you to handle daily expenses with ease.
Minimum Eligibility Requirements
Time in Business
Minimum 1 Year
Business Annual Growth Revenue
No minimum
Business Checking Account
Yes
US Citizen/Based Company
Yes
FICO Score
500+
Other Financing
Subject to underwriting
Bankruptcies
None preferred
Service Business Loan FAQ
Applying for a service business loan is straightforward. Simply gather your business’s financial details and complete a short application with a lender like SVP Funding Group. You can typically expect a decision within 2–3 weeks regarding approval and loan amount.
SBA loans can be challenging to qualify for, but they’re not your only option. Many service businesses find it easier to secure lines of credit or alternative financing tailored to professional services.
Most lenders prefer that your business has been operating for at least a year, though some loans are available to newer startups. To improve your chances of approval, make sure you have solid business credit, a strong business plan, and organized financial records. Apply today with SVP Funding Group to find out if you qualify.
