Starting a painting company requires minimal startup costs and has the potential to be very profitable. However, it also comes with challenges. Painting companies face stiff competition, seasonal lulls, and a fluctuation in work depending on the health of the economy. Painting company business loans provide the capital to bridge cash flow gaps and grow your business.
Painting projects can quickly become complex, requiring more supplies, labor, and specialized equipment. A change in humidity can alter how paint bonds with a wall, changing expectations for how long it takes paint to dry and forcing you to adjust project timelines. In response to shifting demands, painters must modify their schedules. This could potentially disrupt cash flow.
With tight profit margins and a heavy reliance on new business construction, painters’ project expectations tend to fluctuate. Cash flow gaps can suddenly occur due to poor weather conditions, changing customer expectations, and unexpected equipment costs.
Client demands can change quickly when working with a general contractor on a project. Commercial painters can’t afford to go through an extended loan application process. A painting company small business loan can remedy cash flow disruptions right away.
The paint and coating industry employs about 287,400 workers and plays an integral part in our infrastructure economy. However, the painting industry is rapidly evolving, as new technology and application methods are being employed. At QuickBridge, our painting company business loans adapt to your business needs. We know you have a busy schedule, which is why our lending process is less demanding for borrowers. Therefore we make funding simpler through three easy steps:
Traditional loan applications are lengthy and require personal and business financial records. As a leading alternative lender, our application process involves minimal paperwork. This means you can apply for a painting company business loan within minutes.
Our award-winning lending platform lets us make a decision on your loan application quickly. Applicants usually receive an answer within a few hours.
Once approved, we work to get funds to customers as quickly as possible. We frequently get borrowers their money within one business day of loan approval.
We offer painting company business loans to help you adapt to whatever challenges life throws at your business. The working capital can be used to purchase painting equipment, hire temporary painters, or expand your customer base through advertising. Even if you don’t have perfect credit or much collateral, we’ve designed our loans and our process with contractors like you in mind.
Don’t let the strain of financial pressures keep you from sustaining your painting business operations. Contact us today to secure your business financing.