Specialized Financing For Your Professional Services
There is no one-size-fits-all solution at Steer Financial. With your small business in mind, we'll find the best financing options to address your needs.
Easy application and approval process.
Funding specialist support from start to finish.
Tailored financing options for your business.
Get funded within 24 hours from loan approval.
PROFESSIONAL SERVICES SMALL BUSINESS LOANS OVERVIEW
What Is a Professional Services Small Business Loan?
Professional services businesses, such as law firms, accounting firms, and consulting companies, provide essential expertise and support to clients. However, these businesses often face unique financial challenges. Many professional services firms are small, independently owned businesses with limited financial resources, making it difficult to fund necessary upgrades and maintenance. As a result, these businesses require a steady flow of capital to cover expenses, hire staff, and invest in new technologies and infrastructure.
Without access to the necessary funding, small professional services firms may struggle to keep up with the competition, meet client demands, or expand their operations. Small business loans can provide quick and easy access to the financing needed to keep these businesses running smoothly. These loans can help professional services firms cover day-to-day expenses such as rent, utilities, and payroll, as well as purchase new equipment and invest in marketing and advertising efforts.
Professional Services Small Business Loan Topics:
At Steer Financial, we understand the challenges that small professional services firms face. We work with over 45 top lenders to match your business with the best funding solutions available. Our partnered lenders consider your credit score, time in business, revenue, and collateral when reviewing loan applications. We offer a variety of loan options, including equipment financing, working capital loans, and business lines of credit, to help professional services firms meet their funding needs.
Our goal is to help small businesses succeed by providing them with the capital they need to thrive. Whether you're looking to purchase new equipment, expand your operations, or cover day-to-day expenses, we can help you find the financing you need to achieve your goals. Our team of experts is available to answer any questions you may have and guide you through the loan application process.
THE STEER PROMISE
Helping Small Businesses Grow Across The U.S.
At Steer Financial, we understand that no two businesses are alike. We offer financing solutions as unique as the business owners we help. Together, we can help steer your business to its full potential. Step one is determining which type of financing is ideal for your business. We work hard to deliver honest, reliable, and transparent customer service so you can feel confidence choosing us to help you meet your business capital needs.
Serving All 50 States
By leveraging our network of 45+ partner lenders, we can offer tailored solutions to businesses across the U.S. regardless of their size or industry.
Secure + Safe Data
We strive to keep all of your information secure and private. We assign a funding specialist to guide you along the entire process.
10+ Years of Experience
Our expertise has enabled us to understand small businesses and offer the highest level of service to you and your business.
DIFFERENT TYPES OF LOANS
Types of Professional Services Small Business Loans
Small business loans can be an effective tool for professional service small businesses to manage their cash flow, purchase necessary equipment, and keep their operations running smoothly. Below are various professional services small business loans that can help meet your funding needs:
Professional Services Small Business Loan Options:
Professional service firms often require specialized equipment such as computers, software, and office furniture to operate effectively. Equipment financing loans can help these businesses purchase or lease the necessary equipment without having to pay for it upfront.
Working Capital Loans
Professional service firms often face fluctuations in cash flow, especially during slower periods or when they have to wait for clients to pay their invoices. Working capital loans can help businesses cover their day-to-day expenses, such as rent, payroll, and utilities, during these periods of low cash flow.
Business Line of Credit
Professional service firms may require access to funds for unexpected expenses, such as emergency repairs or sudden opportunities. Business lines of credit provide a flexible funding option that allows businesses to access funds when they need them and pay them back when they don't.
What Can Professional Services Loans Be Used For?
In order to sustain and expand their operations or practices, small businesses require a substantial amount of capital. Yet, not all professional service firms have access to the funds necessary to meet their objectives. Thankfully, professional services loans give the necessary financial resources for businesses to prosper. These are the three most frequent uses for professional services small business loans:
Purchasing technology and infrastructure
In today's digital age, professional services businesses require modern technologies and infrastructure to stay competitive. Professional services loans can provide the necessary funds to purchase new software, hardware, and equipment, as well as invest in cloud computing and cybersecurity solutions.
Hiring and training staff
Professional services businesses rely on their staff to provide expertise and support to clients. Hiring and training new staff members can be costly, but professional services loans can provide the necessary funds to bring on new talent and invest in training programs.
Marketing and advertising
Professional services businesses must invest in marketing and advertising efforts to attract new clients and maintain existing relationships. Professional services loans can provide the necessary funds to invest in digital marketing campaigns, attend conferences and events, and hire marketing professionals.
How To Qualify for a Professional Services Small Business Loan
At Steer Financial, we will work closely with formulating a plan for your business. We will assess your business with our partnered lenders to evaluate the strengths and assets your business has to decide on the loan's size and conditions. Strong financial statements and a high credit score might also increase your chances of being approved. To make sure a professional services small business loan is a realistic choice for your business, our funding specialist will walk you through the entire process from start to finish. Below is a quick overview of the minimum requirements in order to get an approval:
Time In Business
At least 6 months in business.
At least $15,000 per month in deposits.
Minimum of 600+ personal credit score.
1 year free from any open bankruptcies
HOW TO APPLY
Three Easy Steps to Secure a Professional Services Small Business Loan
We have partnered with over 45+ lenders to ensure that we match your business with the best lender and the most competitive rates. We work quickly to provide an approval in as soon as a few hours.
By utilizing our streamlined fast funding approach, your business can access the necessary capital in as little as 24 hours from the moment you approve the terms, ensuring a timely and efficient process.