Find the right loan to help you succeed in your cleaning service business

June 09, 2022

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Master ImageIf there is one word that the pandemic has left us with, it is cleanliness. For months, we had to pay special attention not only to personal hygiene protocols, with constant handwashing and the use of disinfectants, but also to the cleanliness of the rooms where we lived; it became a habit to clean and disinfect everything we came into contact with, and the result was an increase in demand for cleaning products and services.

It is said that cleanliness is synonymous with godliness, and indeed, keeping living spaces clean and free of clutter has many benefits. Not only is it an important part of maintaining good health, but it can also help minimize stress and provide a measure of social recognition. Unfortunately, the hectic modern lifestyle can make maintaining an impeccable lifestyle nearly impossible. For this reason, the demand for cleaning services is increasing day by day.

As a result, not only is the demand for cleaning services increasing, but companies like yours that are dedicated to this business need more staff, more equipment, more gear, etc., and of course, it is very likely that you will need to offset this growth with external funding.


Running a cleaning business requires hard work, organization and skills in dealing with customers. In addition, customers expect smooth services and reasonable prices from a company they can trust. So before you start looking for financing options for your cleaning business, you need to understand why proper financing is so important.

In this article, we list some reasons why businesses in this sector have received loans. This way, you can get an idea of how external financing can help you increase the scale of your business.

  • Payroll: residential cleaning services are typically paid per job, which means there may be some lag in cash flow. Even if commercial janitorial services are on a contract basis, you'll need to assemble your staff before you can accept jobs, and that may mean paying salaries.
  • Staff: get the funding for new jobs and hire the staff you need to get the job done. Set up training programs for your staff to ensure consistent quality in your cleaning work.
  • Transportation: invest in business vehicles, so you can get your cleaning equipment and employees to your customers. Pay for expensive vehicle repairs to keep your cleaning fleet moving.
  • Expand your business: invest in business marketing with digital and print ads. Hire local employees and buy equipment to offer your services at a new location.
  • Equipment and supplies: you'll need a whole range of equipment and supplies for your day-to-day work, from work vehicles to vacuums to cleaning supplies like brooms, mops, buckets, rags and a range of solvents, and small business loans can help you stock up on all your equipment and supplies in case they run out or break.
  • Business Insurance: Like most businesses, you'll need general liability insurance in case an employee spills bleach on the carpet, a marble countertop gets scratched, or someone slips on a freshly waxed floor. You'll also need workers' compensation insurance to cover on-the-job injuries or illnesses. Since employees will likely be using company vehicles, you'll also need to purchase car insurance. All of these costs can add up quickly.

  • Owning a cleaning service requires more than a little diligence and determination. You may need to find the right funding for the equipment you need to get the job done, as well as ongoing purchases of cleaning supplies and general cash flow to keep daily operations running smoothly.



    You need a loan solution that is tailored to the needs of your small business. This can be quick financing that does not require valuable collateral or an excellent credit score. Based on our market knowledge, banks may not be the best choice if you do not have sufficient income or your credit score is not up to par.

    Fortunately, there are other financing alternatives. In this article, we will introduce you to 3 types of business loans that you can use to finance the expenses necessary to grow your cleaning service.

  • Business Line of Credit: Access to a pool of funds that you can draw on when you need capital. You have the flexibility to borrow a specific amount when you need capital.
  • Short-Term Business Lending: this type of financing has a term of one year or less and is structured as a lump sum loan with daily or weekly repayments.
  • Equipment Financing: Allow you to finance up to 100% of the value of the equipment you wish to purchase. These loans are repaid over time with interest.

  • Remember that it is always good to get help, as raising the necessary capital to fund a business is a complicated task for both entrepreneurs and business people. However, complicated does not mean impossible. A clear understanding of all the finances, sales and assessments of your startup will create confidence in investors.

    We are committed to redefining small business lending by offering a wide variety of financial products. If you have any questions or would like more information, call or text us @ 917-243-3113.

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