Financing for small businesses in the Skilled Trades Industry
Electricians, plumbers, general contractors, and more are ideal candidates for our fixed financing because they accept debit and credit from customers but also accept payments by cheque. Financing for these types of business is unique in that business can ebb and flow throughout the year.
Unlike regular, rigid business loans, Merchant Growth small business financing allows skilled trades companies to use their credit or debit transactions to pay off financing on a daily basis based on a percentage of sales. We know your sales can be seasonal and sometimes these types of businesses need temporary extra cash to take advantage of staffing, supplies, and more.
How can I use the financing?
Our financing options for companies in the skilled trades industry are flexible and will help your small business grow. We offer a fixed solution similar to that of regular term loan. We have seen customers from the skilled trade industry use their financing for many different reasons such as the below:
- Bill payments
- Hiring
- Purchase or lease of new equipment
- Marketing campaigns for the slow season
- Planning and/or designing a new project
Small business funding minimum requirements
Merchant Growth offers small business funding options with minimum eligibility requirements:
Location
Canada
Monthly Revenue
$10K
Time in Business
6 months
How does it work?
STEP 1
Complete Application
You can choose to give some details either through the online application or over the phone, and it will only take you 5 minutes.
STEP 2
Review Options
Our team will reach out and work with you to determine the best solution.
STEP 3
Get Funds
Receive your funds in as fast as 24hrs after approval.
Get started today
Complete our online application and we’ll contact you to present financing options tailored to your business needs.
