People love parties. In addition, everyone wants to try and throw the best party they can. This means getting the best equipment, tents, etc. possible to do so. For this reason, party rental businesses are quite a popular type of business in the United States. The forecast for the party and event rental segment is very promising. Yet, even the most promising industry will present challenges. Any small business owner knows these challenges all too well. Rent, equipment, inventory, payroll, etc. are all things that can be a burden to business owners. They need capital to cover all of these expenses. Luckily, there are banks, credit unions, and alternative lenders all of which provide party rental business financing.
Banks, credit unions, and alternative lenders all provide options for party rental business financing. While there are many financing options for your party rental business, it can still be a difficult process. Many borrowers go right to banks or credit unions. Although they are good options, they can be more complicated. For example, banks and credit unions have a lot of requirements for a business to receive a loan. Most require a minimum of 3 years in business and a FICO score of at least 750. In addition, it can take a lot longer to receive financing.
With Small Business Funding it is easier than ever to get the financing that you need for your party rental business. Bad credit, bankruptcies, and tax liens are okay (as long as there is a payment plan in place). The documentation we require is significantly less than that of banks and credit unions. You will also be provided with a decision from an alternative lender within 24 hours.
We have programs specifically geared towards this type of business. Programs include lower rates, more attractive terms, and larger funding amounts. We help connect you with a lender that is truly concentrated on your business needs. Our network of lenders will compete to provide you the best possible financing option. We will sort them and present them to you. You have a business to run – let us do the heavy-lifting.
Party rental businesses are promising and will continue to prosper. Get the capital yours needs to grow and thrive with party rental business financing from Small Business Funding. Apply for business funding today to see how much you are approved for. There is absolutely no obligation.