Professional & service businesses
Quick answer
Service businesses have few physical assets and spend mostly on people, so financing that looks at cash flow and receivables fits better than asset-backed loans.
Best-fit financing, in order
- 1
Invoice financing & factoring
Why: If clients pay in 30 to 60 days, advance against invoices to cover payroll.
- 2
Peer-to-peer (P2P) financing
Why: Digital working-capital financing with lighter collateral than banks.
- 3
Government-backed loans & guarantees
Why: Guarantee-backed lending can help a young firm get a first bank facility.
- 4
Bank term loans & credit lines
Why: Build a banking record early with an overdraft or small term loan.
Not sure which fits you?
By industry
Farmers & agricultureRetailers & shopsE-commerce & online sellersFood & beverageManufacturingConstruction & contractorsTech & startupsLogistics & transportExporters & traders
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