High-ticket items such as cars, RV’s and boats all need to be cleaned and maintained on a regular basis. There are a lot of car detailing businesses out there and the market has become saturated. If you want to engage in a detailing business but would rather not deal with excessive competition that comes along with car and RV detailing, consider going into boat detailing. If you are into boats and you have a great location in mind, starting a boat detailing business can be easy – initial investment is not that big and the earning potential is good.
What You Need
You will be surprised to know that it doesn’t take that much capital to start a boat detailing business. For equipment, you will need the basics: a power washer, vacuum cleaner and a waxer/sander. Don’t forget the cleaning essentials like glass cleaner, metal polisher, wax, brushes, degreaser and cloths. Plus, you will need to spend money when you apply for a business permit and other government-required fees. You will also be obligated to shell out cash for advertisements and business cards.
If you are really intent on putting up a boat detailing business but you have no money to use as a start-up capital, you can always approach finance companies so you can borrow the money to finance your business. Finance companies are better options than banks because of the speed of the approval process. Banks typically process business loan applications over longer periods of time with much stricter requirements than finance companies do.
Good Credit vs. Bad Credit
If you are a small business owner with good credit score, business loan applications will be a breeze for you. There is a very high chance that your application will be approved, you get better repayment terms and low interest rates, too.
If, however, you have bad credit, do not be discouraged. Your loan can still be approved under flexible terms which will help you grow your business. Just remember to make timely payments to build your credit score. This will definitely work for your benefit in the long run because, one day, when you need to make another loan to expand your operations, the process will be made easier for you.
Where to Get Help
Finance companies like First Capital Business Finance provide a wide range of financing and loan options for small business owners who want to meet their cash flow needs. No matter how small or how big your business is, the company offers fast, simple, and convenient solutions to every business owner. You don’t have to worry about where to get the money to start your operations, all you have to do is focus on growing your business.
First Capital Business Finance offers fast approval for working capital loans in as little as 48 hours. When you apply for a business loan at a bank, you will have to undergo a lengthy waiting process – time you cannot not afford to lose. Experienced and knowledgeable finance consultants are around to help you make the most out of your business loan.
For the ultimate business loan solutions for your boat detailing business, or any other business for that matter, simply get in touch with First Capital Business Finance today.
Boat Detailing Business Loan – First Capital Business