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Plumbing Small Business Loans For Good & Bad Credit

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Plumbing Small Business Loans For Good & Bad Credit

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Plumbing business loans for bad credit

Getting a business loan with bad credit is challenging, but all hope should not be washed down the drain. Finding the right lender can increase your chance of approval. Most lenders have minimum requirements in place, including credit score requirements. Keep in mind that lenders will usually consider a personal and business credit score, so you’ll need to understand both. Checking credit scores before applying for a loan can help you identify ways to improve your scores. Doing so can increase your chance of approval. While you may be familiar with your personal credit score, a business credit score is likely new to you. At mySMBscore, you can check your business credit score and unlock actionable insights. Additionally, we can help connect you with lenders based on technology based on qualifications and requirements. Here are a few top choices for business loans with bad credit. 

  • Fora Financial: With business loans up to $1,500,000 Fora Financial is a top choice for businesses that need funding. Plus, businesses can get a discount for prepaying the loan. Specializing in small business loans and merchant cash advances, Fora Financial has a low minimum credit score requirement. If you’re struggling to qualify for other lenders and need cash fast, Fora Financial can be the life line you are looking for. Check offers from Fora Financial and other top lenders at mySMBscore
  • Credibly: Minimum credit score requirement of 500
  • Credibly offers plumbing business loans up to $250,000 with fixed APRs and repayment periods up to 24 months. While loans do come with an origination fee, Credibly offers several business lending products including term business loans, merchant cash advances, and business line of credit. Most applicants will need to provide proof of income and identification. Funds can be received in as little as 24 hours on approved loans. Check offers from Credibly and other top lenders at mySMBscore
  • Kapitus: Minimum credit score requirement of 600
  • Kapitus offers a variety of lending products for plumbing businesses. While you’ll likely need healthy revenue to qualify, Kapitus can deliver quick funding. Kapitus can offer a business line of credit, small business loan, equipment financing, invoice factoring, and more. With several types of loans available, Kapitus can loan a variety of amounts. As a mySMBscore partner, Kapitus wants to earn your business with a competitive offer. Check offers from Kapitus and other reputable lenders at mySMBscore

Lenders for plumbing business loans for good credit 

Good credit is a game changer - especially in the world of business loans. Business owners with good personal and business credit have more options available when it comes to loans. Even if you have good credit though, you’ll want to take plenty of time to prepare and choose the right lender. Fundation is a perfect example of a competitive lender for plumbing business loans for borrowers with good credit. 

  • Fundation: Minimum credit score requirement 660 
  • Best known for fast online loans with affordable rates and flexible terms. 

Best lender for plumbing business loans for startups

Startups can have bright futures ahead but in the early stages they may struggle to obtain funding. However, certain lenders will be more willing to lend to startups than others. Fora Financial is a reputable lender known for helping startups obtain the funding they need to grow. Fora Financial does not require collateral and has a minimum time in business of only six months. 

Loans for plumbing businesses can foster the future success of the company. Regardless of how hard you’ve wired to build your businesses, expenses can drain cash flow. To maximize opportunity, plumbing businesses often pursue financing. Whether you need new equipment or funding to acquire another company, business loans are available to help you grow your plumbing business. While loans are not the sole answer to growth, they can help achieve goals. Alongside funding, you’ll need to properly manage your business and take care of customers. When it comes to obtaining a business loan, most don’t even know where to begin or what to expect. Making informed business decisions is critical. At mySMBscore, we’re committed to empowering business owners with information to help them find and qualify for the most competitive loan offers. Here’s what you should know. 

What are plumbing loans? 

Plumbing loans are business loans for plumbing businesses with the desire to grow. Available in a variety of loan types, reflect on your needs before you set out in search of financing. 

Examples of different types of plumbing loans include:

The type of loan that’s best will vary depending on your needs and qualifications. To start to learn what you may qualify for or how to boost your chance of approval, visit mySMBscore. Plumbing business loans provide funds to help businesses grow. Whether it be to overcome cash flow challenges, acquire office locations, advertise, purchase equipment, cover legal costs, or whatever the need may be, you can use financing. 

How do you get business loans for plumbing companies? 

First, you’ll need to qualify. Part of qualifying is finding a lender you qualify with. Before getting to the step of qualifying though it can be helpful to gain some insight as to how you can improve your chance of qualifying. At mySMBscore, we help plumbing businesses do just that. To qualify for a business loan your business will need to meet the minimum requirements of the lender which can include:

  • Minimum time in business
  • Minimum revenue
  • Personal and business credit score requirements
  • Debt to income ratio

What credit score is needed for a plumbing business loan? 

Credit score requirements can vary, and with good reason. For smaller business loans, the credit score requirement is likely less strict. For large business loans, requirements are likely to be more strict. With that being said, lenders can evaluate a personal and business credit score when applying for business credit. 

Taking action to improve credit scores before applying can help you qualify. Most lenders will want to see a credit score of 640 to qualify, although some lenders may have lower requirements. 

Pros and cons of a business loan:


  • Access funding to grow your business
  • Improve cash flow
  • Opportunity to build credit 
  • Generate more revenue
  • Improve operations


  • Interest and fees associated with the loan
  • Collateral or down payment requirement
  • Increase expenses (impact on bottom line)
  • Risk of default 

Can you get a loan for a plumbing business with bad credit? 

Getting a business loan with bad credit can be challenging and costly. While it may be possible, you’ll need to find the right lender. A better first step to take may be to understand what is dragging your credit score down. At mySMBscore, we can help you understand ways to improve your business credit score and increase your chance of qualifying for a business loan. 

How to compare plumbing business loans online?

While it’s tempting to receive as many offers as possible, it’s also time consuming and some lenders may run your credit. To compare offers online, visit mySMBscore. 

  1. Visit mySMBscore 
  2. Filter offer results
  3. Receive personalized offers with no credit impact and no hassle

What lenders offer loans for plumbing companies?

Finding the right lender is key to your success. It’s also key for finding an offer that works. With the internet and advanced technology, you can unlock options hassle-free with no impact at mySMBscore. While some lenders may only loan to specific industries, most will be willing to work with plumbing businesses. Filter offers from these lenders and more at mySMBscore. . .

  • Fundation
  • Credibly
  • OnDeck
  • Fora Financial
  • Rapid Finance
  • Kapitus
  • Kickfurther 

Traditional banks and credit unions can also offer business loans for plumbing businesses but requirements may be more strict. Additionally, the process can take longer. 

Taking action to be as prepared as possible to apply for a plumbing business loan can help you return better offers. To receive personalized offers and recommendations on how to qualify, visit mySMBscore

Options for plumbing equipment financing

  • Banks
  • Credit Unions
  • Online Lenders
  • Equipment Financing Companies
  • SBA - Small Business Administration
  • Equipment Leasing Companies

What online lenders offer plumbing equipment financing?

  • North Star Leasing
  • Select Funding
  • National Funding
  • AdvancePoint Capital

Top Loans