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 $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 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

Success Stories

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.

What Sets Us Apart from the Rest

Get Financing Today

Get started with your application and join Fora Financial's family of forward-thinking businesses.