If you’re in the moving industry, you know that starting a moving business can be as exciting as it is challenging. You’ve probably also run across one of the biggest hurdles that moving companies face — managing your finances. From buying equipment and hiring staff to marketing and expanding services, there are many costs associated with growing a moving business. This is where working capital loans come in.
Small and medium-sized business (SMB) loans provide businesses with the funding they need to cover day-to-day expenses, invest in new projects, and expand their operations. With the right financing in place, your moving business can thrive and reach new heights.
Read on to learn how working capital loans can help you grow your moving business and achieve your business goals.
A Brief Overview of Working Capital Loans
SMB lending is a type of business loan that is specifically designed to help small and medium-sized businesses get the financing they need to grow and succeed.
These kinds of loans provide many benefits for growing moving businesses. They also can be simpler to qualify for and offer more flexible terms than traditional bank loans.
With Oncue Capital you can gain fast, easy access to a business term loan. You’ll get a lump sum of money upfront for your business needs, then repay it over a fixed period of time with interest — much like an amortized mortgage.
So how can you use an Oncue Capital loan for your moving business?
3 Ways Financing Can Help Your Moving Business
You can use Oncue Capital loans to finance your everyday operations, whether that’s streamlining processes, managing staffing needs, or handling marketing and expansion.
1. Smoother Operations
As a moving business owner, you know that running a successful operation requires a significant amount of resources. So purchasing and upgrading equipment such as trucks and dollies or investing in technology can put a strain on your finances.
With an Oncue Capital loan, you can close gaps in finances and get fast access to the funds you need to streamline your operations.
For example, you might consider extending your ability to serve customers by investing in Oncue Booking to help keep your schedule jam-packed. You could also use the funds to purchase any additional FF&E (furniture, fixtures, and equipment) you noticed you’re going to need in the coming months, since you started using Oncue Moving Software.
2. Staffing Needs
Having the right staff in place is imperative to help you deliver exceptional customer service to your customers. An Oncue Capital loan can be a great way to fund your staffing needs, whether you’re looking to hire new employees, offer training programs to your current staff, or provide incentives to retain your best employees.
With an Oncue Capital loan, you can hire new movers or administrative staff to help you handle more customers and appointments. This can help you expand your business and take on more projects, ultimately increasing your revenue and profits.
Additionally, you can use financing to invest in training programs to help your employees improve their skills and work more efficiently, which can help you save time and money in the long run.
Furthermore, you can use a working capital loan to offer incentives to your employees, such as:
- Health benefits
- Opportunities for professional development
By investing in your employees, you can create a positive and supportive work environment that will help you attract and retain the best talent in the industry.
3. Marketing and Expansion
If you’re looking to grow your moving business and reach new customers, an Oncue Capital loan is an excellent solution. It enables you to invest in a wide range of marketing strategies and tools, from social media advertising and email campaigns to website development and search engine optimization (SEO).
For instance, you might consider running social media ads or pay-per-click (PPC) campaigns to target potential customers who are searching for moving services in your area. This will help you take full advantage of Oncue’s Yelp and Thumbtack Autoresponder functionality.
You can also use an Oncue Capital loan to invest in new equipment or vehicles that can help you scale your business and reach more customers. For example, you can use your funds to purchase a new moving truck or trailer that can help you handle larger projects or invest in new equipment that can help you streamline your operations and improve your efficiency.
Expand Your Moving Business
Working capital loans are the perfect solution for moving companies that want to grow their business. By obtaining the necessary funds, you can upgrade your equipment, hire more experienced personnel, and enhance your marketing campaign to attract new clients and expand.
Are you ready to take your moving business to the next level? You can access the money you need to reach your goals with Oncue Capital – fast, affordable funding with flexible and easy repayment terms so you can solve short-term cash flow gaps and seize new business opportunities. Check out Oncue Capital business term loans today to see how they can help you unlock new growth opportunities and meet your business goals.